CAclubindia Articles

How the World's reserve currency value is determined, and what decides putting a price on oil?

Anand Varma, FCA; FCS. 27 August 2013 at 12:41

Company secretaries, foreign currency managers, commodity traders, bankers, chief risk and investment officers, CFOs and Board members are often

New Insertions in Companies Bill 2012

CS Himangshu Kedia 27 August 2013 at 12:40

1. 3 One Person Company 2. 5 Articles may contain Provisions of entrenchment in the articles of association 3. 37 A suit may be filed or an action may be taken in case of misleading statement or the inclusion or omission of any mat

New Companies Bill, 2012 and Provisions relating to Corporate Social Responsibility

G S Rao 26 August 2013 at 18:03

Introduction: The much awaited Companies bill has been passed by both the houses of parliament. Now it requires the assent of President to become an Act and to

FAQs: E-Filing Audit Report

CA Sudhir Halakhandi 26 August 2013 at 17:42

After writing few articles of the intricacies of the E-filing of Tax audit report we are receiving regular queries from various fellow professionals, out of which we have selected some of the common questions which are being answered here for the be

Convergence of Accounting Standard

Mohit Lohia 26 August 2013 at 13:49

By all account well by most account its a done deal. After years of planning, world is heading towards convergence of accounting standard. It refers to the goal of establishing a si

Budgeting and Decision Making

CA.R.Jeyarajan 26 August 2013 at 13:49

BUDGETING INTRODUCTION: The most common method of creating a budget is to simply print out the financial statements, adjust historical expenses for inflationary increases, add some projected revenue adjustments and the instant budget is ready. The

Service Tax on Banking Services

CA.R.Jeyarajan 26 August 2013 at 13:49

SERVICE TAX ON BANKING AND FINANCIAL INSTITUTION BANKING SERVICES INTRODUCTION Bankers acts as an agent by conducting checking of current accounts for customers, paying cheques drawn on customers of the bank, collecting cheques deposited

MTM Loss Disallowance - Another opportunity to revisit

CA S.SAIRAM 26 August 2013 at 13:46

Derivative losses or Mark to Market losses are known to be unreal or notional and hence the taxman hates giving deduction for them. The focus seems to be on distinguishing oneself from the acco

Appointment of Auditor under new Companies Bill, 2013 (Companies Act)

Ajay Mishra 26 August 2013 at 13:46

The appointment of auditor under new Companies Bill, 2013 has made major changes in appointment procedure and tenure of appointment in comparison to the Companies Act, 1956.

Integrated Reporting

ACCA India 24 August 2013 at 11:54

Corporate Reporting: The Future of the IR landscape, by Sue Almond, Technical Director at ACCA A new phrase in our vocabulary. The phrase Integrated Reporting or may not be part of the business worlds vocabulary at the moment; b