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Sec 139 of Companies Act
SEC 139 - APPOINTMENT OF AUDITORSec 139(1)Sec 139 of the Companies Act 2013 provides that every company shall appoint an individual or firm as an auditor of the company at the first AGM . The person so appointed shall hold the office from the conclus
Penalty and punishment for auditors
PENALTY & PUNISHMENT ON AUDITORSUNDER COMPANIES ACT, 2013 A. Contravention of Provision of Section 139-146: (Attendance in General Meeting): If any provisions of this Section contravene then: Penalty on Company: The company shall be punishable wi
Women Director-Countdown Begins
Companies Act, 2013 along with Companies (Appointment and qualification of Directors) Rules, 2014 had made it mandatory for the following class of companies to have at least one women director in their Board: a) All Listed Companies b) Every Public
We can't be serious about ease of doing business in India
World Bank has been reporting its Ease-Of-Doing-Business rankings for a long time showing India in a dismal light, even in comparison with its immediate neighbours or even with South East Asia averages. The fact that South East Asia itself is no big
International Tax - Case Law Analysis-2015: Series 1
International Tax Update: IndiaForeign Remittance: TDS u/s 195: Case Law Analysis 2015: Series 1Some of the important case laws published during 2015 pertaining to TDS u/s 195 and/or taxability of foreign companies/non-resident entities in respect of
Flipkart Store - All you need to know
Now a days there is a boom in e-commerce in India. There has been many e-commerce sites like Amazon.in, Flipkart.com and Snapdeal.com. Today we are going to know much more in detail about the Filpkart store.Introduction Flipkart went live in 2007 wit
Exhange Rates Regime, trends and impact on Indian economy
Exchange rates and their impact on Indian economyAs we have been reading in almost all dailies during recent times that Indian rupee has depreciated against dollar by 8% since May 2013.In this article
Persistence is the key - Very much needed before the exams
The key of persistence shall open up any door that has been closed because of resistanceI start my mornings usually by going up to my house terrace and get a breath of fresh air. It feels really nice when cool breeze hits your face and
Compliance of internal controls
Towards regaining public confidence In the year 2009, we have seen the investor confidence under the Indian scenario falling from Rs. 300 to Rs. 10 per share. The money so invested was systematically wiped off and withdrawn over a number of years by
Key Managerial Personnel
KEY MANAGERIAL PERSONNELSection 203 read with rules- 8 of Companies(appointment and remuneration) Rules, 2014 Companies Act, 2013 (Act) has introduced many NEW CONCEPTS AND KEY MANAGERIAL PERSONNEL is one of them. While the Companies Act, 195
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