CAclubindia Articles

Companies Act, 2013- Sec 447 & 448 - Fraud

Posted by CA Sripriya K 12 March 2015 58359 Views

1.Introduction Aspect Intent Result Punishment Sec 447 fraud in relation to affairs of a company or any body corporate, includes any act, omission, concealment of any fact or abuse of position comm

Independent Directors- How much independent in India?

Posted by Ca Jai Prakash Agarwal 12 March 2015 12448 Views

The concept of independent directors is very holy concep

Where is my fundamental right to stupidity?

Posted by CA Anil Garg 12 March 2015 17524 Views

अब जबकि देश उपलब्धियों के दौर से गुज़र रहा है, it is high time de facto is recognized as de jure. After all, civilization and values have not come from God that they cannot be changed, but they have evolved over period of time, and keep changing. Ther

Non friendly provisions of budget for middle class

Posted by CA Satish Badve 11 March 2015 16436 Views

Reasseement U/S 148 Notice of reaseement u/s148 can be issued by Assessing Officer, after the expiry of four years from the end of relevant assessment year. Though, It requires the permission of the higher authority of specific rank, the assessee ne

Cash flow statement (CFS) is mandatory

Posted by SAMEER AHMED 11 March 2015 83092 Views

Earlier Company act 1956 didnt include cash flow statement in the Defination of Financial statement,However as per New Company Act 2013, the Cash flow statement shall to prepare.As per Sec 2(40) for financial statement in relation to a

Recovery without SCN constitutionally valid?

Posted by Pradeep Jain 11 March 2015 11838 Views

MISTAKE IN DECLARING LIABILITY WILL LEAD TO RECOVERY WITHOUT SCNOrRECOVERY WITHOUT SCN-CONSTITUTIONALLY VALID? Introduction:- This article is an attempt to analyse the impact of amendment made in section 11A of the Central Excise Act, 1944 and sectio

How to exercise your taxes to ensure financial health

Posted by Sanjit Agarwal 11 March 2015 18211 Views

The Income Tax Act 1961 devotes an entire section to Income Tax Deductions available to Indian tax payers. If we take note of the deductions and invest in the right products at a regular pace, we will inculcate financial discipline that will go a lon

Expiry date for directors

Posted by Sundharesan Jayamoorthi 10 March 2015 30651 Views

March 31 is round the corner and every director has to be doubly vigilant about his existence as some of the mundane provisions listed out in the Companies Act, 2013 (Act) prescribe for a expiry date for a director in case of certain no

Budget 2015 not for small & medium service sector

Posted by CA Satish Badve 10 March 2015 15967 Views

BUDGET 2015 Hon. Finance Minister has presented first Full year budget of his Govt. on 28.02.15. The expectations were very high and everyone wish this budget as dream budget which have at least something for all say 125 crores of the Indian populati

Stage now set for implementing Accounting Standards converged with IFRS

Posted by CA. Rajvir Bhatnagar 10 March 2015 13953 Views

Ministry of Corporate Affairs has finally announced the Companies (Indian Accounting Standards) Rules, 2015 for applicability of Accounting Standards converged with IFRS. A notification in this regard has been issued on 16th February, 2015. Important