CAclubindia Articles

Yahan aisa hi hota hai (Monkey see, monkey do)

Posted by CA Nayan Gupta 17 November 2014 24684 Views

I have recently joined Industrial Training in one of the companies in Gurgaon. I joined in between a month so at the time of calculation of first stipend, I found something wrong. As per me the amount of stipend should have been calculated for 22 day

Service tax on Restaurants and Hotels

Posted by Bimal Jain 17 November 2014 47251 Views

Dear Professional Colleague,Service tax on Restaurants and Hotels - We are sharing with you an important judgment of Division Bench of the Hon’ble Kerala High Court in the case of Union of India and Others Vs. Kerala Bar Hotels Association and

Fast Track Issue

Posted by Anusha 14 November 2014 81490 Views

Hello Friends!Today when I was reading through the SEBI (ICDR) Regulations 2009, I came across a interesting mechanism of SEBI called Fast Track Issue (FTI) and immediately I started reading in detail about this. Till I read about FTI, whenever I rea

Are we are doing good to ourselves by taking coachings?

Posted by CA Nayan Gupta 14 November 2014 25843 Views

I will try to keep this article very short and crisp. Being a CA student, this thought comes to my mind several times that Are we are doing good to ourselves by taking coachings?. This is not some extra-ordinary question and I am sure t

Applicability of CST/ K-VAT on E-Commerce Transactions

Posted by CA Roopa Nayak 14 November 2014 36452 Views

Introduction The business model of e-com firms is they provide a platform for enabling sellers of goods to be able to sell without bou

Frivolous Appeals filed by Department

Posted by CA SUDEEP VIJAY CHHALLANI 14 November 2014 13344 Views

It is beyond any doubt to state that Income Tax Act, 1961 governing statute for Income Tax in India is one of the most intricate sta

Foreign Bank Accounting Terms

Posted by CA Bhavin Shah 13 November 2014 33609 Views

FOREIGN BANK ACCOUNTING TERMSNostro, Vostro and Loro are Italian terms. These are the most commonly used terms in Forex Markets. For dealing in forex market, Indian Branch should have a current account with the foreign branch dealing in respective cu

NACAS vis-a-vis NFRA

Posted by CA HEMANT SHARMA 13 November 2014 22782 Views

NACAS OF COMPANIES ACT 1956 Vis--vis NFRA OF COMPANIES ACT 2013(National Advisory Committee on Accounting Standard vis--vis National Financial Reporting Authority) As a corporate professional one should be equipped with the knowledge

Adoption of MOA & AOA

Posted by CS Divesh Goyal 13 November 2014 24783 Views

AMENDMENT IN MAIN OBJECTS, IF THE COMPANY IS CARRYING ANY BUSINESS COVERED UNDER OTHER OBJECTS IN THE MEMORANDUM OF ASSOCIATION. 1. PROVISIONS FOR OBJECT CLAUSE UNDER COMPANIES ACT - 1956 As per Section 13 of the Companies Act, 1956 the Object Clause

Procedure of conversion of private ltd. company into LLP

Posted by Nisha Sharma 13 November 2014 123703 Views

PREREQUISITES 1. No-Pending of E-forms filed by Company.2. No Charges should subsist at MCA site3. One financial year must over4. Update filing of all forms and returns5. Update - income tax filings. 2. PROCEDURE a. Board Resolution regarding Change