CAclubindia Articles

Incorporation Process of Non-Profit making Co. Section 8

Posted by Ankur Garg 19 September 2014 18629 Views

The concept of non-profit making company is quite old in India. In erstwhile Companies Act, 1956 it was regulated by Section 25 and that is why it was popular as Section 25 Company. However in Companies Act 2013 provisions related to non-profit makin

Notice to Shareholders u/s 101 read with 136 of CA 2013

Posted by Ankur Garg 19 September 2014 278314 Views

Dear Professional Colleague, In this write up we shall discuss about the requirement of sending certain statutory documents to shareholders like Notice of General Meeting under section 101 of Companies Act 2013 and financial statements, including con

Automated Prepaid Expenses JV in Excel

Posted by Ramkrishna Mokashi 18 September 2014 35079 Views

Hello All,Attached is a file which contains the automated prepaid calculation. No Hassles of working out how much is accrued, how much is pending, etc. Just Update the table in the first sheet. And rest will happen automatically. Of course, you are f

Analysis of Disclosure of Interest by Directors under CA, 2013

Posted by Ankur Garg 18 September 2014 20127 Views

Dear Professional Colleagues, During the process of unlocking provisions of Companies Act, 2013, I have realized that Section 184 regarding disclosure of concern or interest by the Director has invoked considerable controversy for various reasons. In

Pre-deposit of penalty for appeals before CCE (App)/ CESTAT

Posted by Manoj BG 18 September 2014 31906 Views

Finance Act 2014 announces mandatory 7.5% / 10% pre-deposit of penalty for all appeal to Commissioner (Appeals)/CESTAT respectively, creating confusion in minds of assessee's as to whether assessee need to deposit 17.5% for filing appeal at CESTA

IPCC Exam Oriented tips and Tricks for ITSM Subject

Posted by Ankur Garg 18 September 2014 312274 Views

Dear CA Students, At IPCC level the subject of ITSM is considered as a difficult subject by most of the students. During my interaction in various sections of Caclubindia many students have asked me about the tips and tricks to prepare for ITSM subje

Clarifications on mandatory pre-deposit for filing appeals under Service tax, Excise and Customs

Posted by Bimal Jain 18 September 2014 18611 Views

The Finance Act (No.2), 2014 (the Finance Act) has substituted new Section 35F of the Central Excise Act, 1944 (the Excise Act) which is also applicable for Service Tax vide Section 83 of the Finance Act, 1994 and Section

Benefits under the Company Law Settlement Scheme 2014

Posted by Ashish makhija 17 September 2014 11275 Views

Compliance is the BuzzwordThe success of every amnesty scheme depends on the benefits it provides to the delinquents. Under Company Law Settlement Scheme 2014, the defaulting companies[1] and its d

Should I leave my city for doing articleship in a good firm?

Posted by Nimish Goel 17 September 2014 25929 Views

Indeed, its a very difficult question to answer, specially when such kind of questions are put up by girls. Leaving ones own city at a young age to pursue a career is a bold decision and therefore, requires a lot of thought. Obviously

What is a One Person Company (OPC)?

Posted by Nimish.A.Chodankar 17 September 2014 15887 Views

The concept of a "one-person company", or OPC, has been introduced in India under the Companies Act, 2013 and the intent is apparently to permit entrepreneurship of a single individual to obtain the benefit of a corporate form of organization.