CAclubindia Articles

Investigative Audit by CLB under section 397/398?

Durga Rao 17 April 2012 at 11:28

Shareholders qualifying under section 399 of Companies Act, 1956 can approach the Company Law Board under section 397/398 seeking preventive and remedial measures against the oppression and mis-management in the Company. Though, section 397/398 i

Risk Management Failures in Kingfisher Airlines

Sonia Jaspal 17 April 2012 at 11:28

The king of good times is facing hard times. Launched in 2006, with much fanfare by its Chairman, Mr. Vijay Mallya, Kingfisher Airlines (KFA) is presently in dire financial straits. After the euphoria abated, KFAs strategy, performance and

A Note on Disqualification of a Director under section 274 (1) (G) of the Companies Act, 1956

Ajay Mishra 17 April 2012 at 11:27

PURPOSE OF THE DISQUALIFICATION The Department of Company Affairs vide its General Circular No. 2/5/2001-CL.V, clarifies that the provisions of section

Inspection Books of Account and Investigation

G S Rao 16 April 2012 at 13:42

Introduction In my previous article titled Books of account under Section 209 of the Companies Act, 1956 a detailed analysis of Section 209 was made. As a sequel, I intend to cover the provisions of Section 209-A which deals with i

7 Tips of Successful Investing in the New Financial Year

Prof. Bajaj 12 April 2012 at 11:35

New Financial Year is something, not very different from a new calendar year. All of us look back at the year gone by, sigh at the mistakes made and swear not to repeat them in the new year. In India, as our financial year ends in March, and the n

Clause 41 of the Listing Agreement: A synopsis

CS Ankur Srivastava 10 April 2012 at 11:21

Clause 41 of the Listing Agreement deals with preparation and submission of Financial Results to the Stock Exchange. The Company has to disclose its quarterly and yearly results to the Stock Exchange in the following manner:- The Company has an

Note on Revised Schedule VI: Shareholders' Funds

Ajay Mishra 10 April 2012 at 11:20

The Ministry of Corporate Affairs (MCA) has prescribed a revised Schedule VI to the Companies Act, 1956 vide Notification dated 28.02.2011 which is applicable fo

Role Of Company Secretary

mohan 10 April 2012 at 11:20

v The ICSI is a premier national professional body established under an Act of Parliament namely the Company Secretaries Act, 1980 v Functions under the administrative control of Ministry of Corporate Affai

Ideal Work Place of a Chartered Accountant

CA Prashant Gupta 10 April 2012 at 11:20

Hello friends, When you start your own practice, the first thing comes into mind is that why the office should be? Whether we require a small space or should be start with a larger space! Where it should be situated, in the mid of the town or a cr

Recent VAT Amendment in State Budget

CA CS Pawan Jajoo 09 April 2012 at 11:40

Changes in MVAT Act 2002 by the budget A. CHANGES IN TAX RATES : MVAT : 1. The exemption to wheat, rice, pulses and their flours, turmeric, chillies, tamarind, gur, coconut, cumin seeds, coriander seeds, fenugreek and parsley (Suva