CAclubindia Articles

Related Party Transactions under the New Era

Posted by CS DHANAPAL 05 April 2014 31166 Views

Companies Act, 2013 has unveiled a new era in the Indian Corporate Sector which places more reliance on disclosure norms rather than on approvals. One such area is related party transactions. While the Companies Act, 1956 warranted appr

Companies Act - 2013: Rotation of Auditors

Posted by CA. Amit G. Chandani 05 April 2014 293624 Views

With the implementation of Companies Act, 2013 the Ministry of Corporate Affairs has notified the provisions relating to rotation of auditors/audit firm w.e.f. 01st April, 2014. Changing nearly six dec

Draft rules and future of CS. Much ado about nothing

Posted by Rohit Jain 05 April 2014 18361 Views

The Institute of company secretaries of India is one of the largest professional bodies in the world in the development of corporate secretaryship. One does not need to repeat that the companies act 2013 has thrust the company secretary to the positi

Highlights on CSR Provisions notified on 27.02.2014

Posted by CS DHANAPAL 04 April 2014 15742 Views

Effective Date for CSR Applicability Section 135 of the Companies Act 2013, Schedule VII and the relevant rules, namely Companies (Corporate Social Responsibility Policy) Rules, 2014 have been notified to become effective from 01st Apr

New provisions applicable wef 1st April under Co Act 2013

Posted by CA Nitesh Kumar More 04 April 2014 71743 Views

1. Now, the Appointment of Company Secretary is required only for Public Limited Companies having paid up capital more than 10 Crores whereas Private Limited Companies are exempted from appointment of Key Managerial Personnel. 2. Form MGT 7: Annual R

How does it affect you if you miss to file the income tax return

Posted by Ramalingam K 04 April 2014 18794 Views

The tax payers, auditors and tax masters go extremely busy filing taxes and working on refunds in July. 31st July is the cut off for filing your returns which is set by the central board of direct taxes. Not only tax filing process has become easier

Utilisation of Cenvat Credit For Education Cess Payment

Posted by CA. SRIKANTHA RAO T 04 April 2014 39310 Views

UTILISATION OF CENVAT CREDIT FOR EDUCATION CESS PAYMENT A MANUFACTURERS PERSPECTIVEBy CA Srikantha Rao T The introduction of Cenvat Credit Rules 2004 which facilitated cross utilization of credits in terms of Service Tax on input servi

Status of CARR and CAR, 2011 w.e.f. 1-Apr-2014

Posted by Girish HS 03 April 2014 19108 Views

The MCA has notified Section 148 of The Companies Act, 2013 regarding maintenance of Cost Accounts / Cost Audit on 26th March 2014, to be effective from 1st April 2014. The MCA however has not notified Final Rules under Section 148 rela

Services performed in India for SR located abroad- Exports

Posted by Bimal Jain 03 April 2014 9168 Views

Dear Professional Colleauges,Services performed in India for a service recipient located abroad are export of servicesWe are sharing with you an important judgment of the Honble CESTAT, New Delhi in the case of Gap International Sourcing (Indi

Companies Act - 2013: Internal Audit

Posted by CA. Amit G. Chandani 03 April 2014 280649 Views

With the implementation of Companies Act, 2013 the Ministry of Corporate Affairs has notified the provisions related to Internal Audit of Companies w.e.f 01st April, 2014. I nternal Audit: The Companies Act, 2013 has given statutory rec