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Banking Regulation Act,1949 - a quick summary
I want to know about collateral held by the banks. What if a borrower fails to repay loan and his collateral seized? Disposal of asset within 7 years or (12 years if extended by RBI) by the bank. What if banking company want to use that asset for bu
The Companies Act, 2013- Provisions relating Woman directors
Introduction: Although the constitution of India has granted men and women equal rights, we still find that employment of women is not preferred. Thus opportunities for women are limited for e.g., women are not preferred in Army /Air force in cert
Service tax on construction Industry- Overview
Background: As per the Board's Circular No.108/02/2009-ST, dated 29.01.2009, Services provided by the Builders/developers prior to 01st July 2010 were not taxable but after 01st July 2010 Construction services provided by the Builders/de
Presumptive Taxation U/S 44AD Simplified
Businesses have been grown over the period of time due to general growth of the economy and varied other reasons. But at the same time various numbers of business and service providers, irrespective of their area of operations, earning substantial i
Last Days before CA Exams
Again after writing How to write in CA Exams, I decided to write an article on Last Days before CA exams. Hope it will help you in these days. Till this time, you all must have completed your entire syllabus with revi
Karniti Part8: Maint & Workship of Books of Accounts in Diwali
Maintenance of Books of Accounts and their Workship on the eve of Diwali Arjuna: Krishna, the festival of Diwali has arrived. Housewives (Gruhlaxmi) are busy in cleaning and decorating homes. Businessmen are also busy in the market. Accordingly plea
Menace of Corruption: Causes and its Cure
Introduction IPL and cricket scandals has again boiled our blood and started debate that the evil of corruption and its auto narcotic effect pose great threat to the welfare of society and continue to grow in menacing proportion..[2] We may hav
Accounts of the Company - a quick summary
Given below are some of the common questions asked regarding the maintenance of Books of Accounts of the company. Where the books of account should be kept? 1. At registered place. 2. At any other place, only if, Board resolution is passed
Major Changes in E-sugam (Karnataka VAT)
Following major changes have been effected by the government of Karnataka for E-Sugam videCircular No. ADCOM(I&C)/P.A./CR-31/2011-12 DT.09.10.2013.Please spend some time to read the gist of major changes(as there is no excuse available under any
Decode the monetary policy please
So, once again RBI has reduced something here, and increased something there. Former will makes loans costlier which will help reduce inflation, and the latter, will improve liquidity for the banks and reduce their cost of funds which will help th
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