CAclubindia Articles
A Snippet on Private Equity
The term "Private equity" has become a jargon in the world of investment. As per the famous authors Gillian & Wright, "Private Equity is risk capital provided in a wide variety of situations, ranging from finance, provided to busin
Section 186 of the companies Act,2013 and its comparison with the predecessor provision Section 372A
Section 186 of the Companies Act 2013 More rigorous law than Section 372A in the erstwhile 1956 Act- A Study Section 186 in the Companies Act 2014 (herein after referred to as The Act) corresponds to Section 372A in the erstwhil
All about CSR and its key features
INTRODUCTION Philanthropy is certainly not unheard of in India. However, the Companies Act 2013 is the first-known example of a corporate governance law in the country that enacts specific provisions to mandate and secure corporate spend on a set of
Gratuity - Taxation Issues
Income tax assumes gratuity as capital receipts and exempts gratuity receipts up to Rs 10,00,000. This means that you need not to pay tax, subject to some conditions, for gratuity receipts up to Rs 10 Lakhs. Gratuity beyond this limit is paid by emp
A Year with Specified Domestic Transaction (Transfer pricing)
The Income Tax Act 1961(The Act) as amended by Finance Act 2012 brought specified domestic related party transactions (SDT) within its fold with effect from FY 2012-13 vide section 93BA of the Act and admittedly as with any new legislat
Who says that there are no jobs for company secretaries
There are not much options when it comes to commerce and finance. Most students pursue either CA/CS/ICWA for achieving the aforesaid objectives. The glitzy part of these belongs undoubtedly to chartered accountants because they have diversified job
CSR - Income Tax Decoding
Note on CSR Expenditure The Companies Act, 2013 mandates that certain companies which have net worth of Rs. 500 crore or more turnover of Rs. 1,000 Crore or more or a net profit of Rs. 5 crore or more during any financial year are required to spend
Incorporation Process of Non-Profit making Co. Section 8
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
Automated Prepaid Expenses JV in Excel
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
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
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