CAclubindia Articles

Liability of Auditors under the Companies Act, 2013

Posted by CS DHANAPAL 30 November 2013 130969 Views

Auditors, Watch Out!! Lord Justice Topes had once famously remarked that: The auditor is a watchdog and not a bloodhound. Companies Act, 2013 does not seem to echo this thought! The kind of stringent measures prescribed against auditors

Foreign Exchange - Practical Aspects

Posted by CA Chiranjiv Kumar 29 November 2013 28947 Views

Forex market is open 24 hours a day, 5 and a half days a week when currencies are traded worldwide electronically over the counter. This is called foreign exchange market.What are the ways of trading forex?1. Spot market: Where one party delivers an

How to file ROC Return ?

Posted by Member (Account Deleted) 29 November 2013 182949 Views

How to file ROC 1) Why we file Return of CompaniesBecause under Companies Act every company is required to file annual return. 2) When and what information is required to file. Companies having Share Capital Companies having no shar

Service Tax implication on Real Estate transactions

Posted by Guest 29 November 2013 135356 Views

APPLICABILITY: With the introduction of the negative list concept since July, 2012, the scope of applicability of Service tax has increased manifold. Today, there is Service tax implication on almost every sector, and real estate is no exception. A s

Provisions relating to issue of Share Certificates

Posted by CS DHANAPAL 29 November 2013 148430 Views

PROVISIONS RELATING TO ISSUE OF SHARE CERTIFICATES UNDER COMPANIES ACT 2013 Share Certificates which are duly issued and held in compliance with provisions of law are deemed to be evidence of title of the person to the shares contained therein. It is

The Companies Act 2013 - Provisions relating to Financial Statements

Posted by G S Rao 29 November 2013 442145 Views

Introduction: The Companies Act, 2013(the Act or New Act) brought in many changes which directly impact preparation of financial statements and require understanding of the new definitions and provisions relating to related party disclosures, deposit

MVAT Audit 2013 - Approach & Important Issues

Posted by Guest 27 November 2013 88968 Views

Applicability of audit under MVAT Act, 2002 To whom audit is applicable? As per Section 61(1) of the MVAT Act, 2002, audit is applicable to: A dealer who is liable to pay tax and his turnover, either of sales or purchases, exceeds Rs. 6

Enforcement & Prosecution under the Companies Act, 2013

Posted by CS DHANAPAL 27 November 2013 49478 Views

PROSECUTION AND ENFORCEMENT ARCHITECTURE UNDER THE COMPANIES ACT 2013 FOREWORD The Companies Act 1956 contains more of general penalty provisions under Section 629A. Certain penal provisions provide for imposition of penalty of fine as well as penalt

Service Tax on GTA - A Guide

Posted by Manoj Agarwal 26 November 2013 187262 Views

1. Service Tax - Introduction It is quite surprising to know that unlike other central taxation laws like Central Excise Act, 1944; Customs Act, 1962; Income Tax Act, 1961; Central Sales Tax Act, 1956; etc; there is no specific act like Service Tax A

Different Committees as per the Companies Act, 2013 - Part II

Posted by Vandana J Doshi 26 November 2013 60183 Views

Hello Friends,Thanks a lot for your warm response and motivating comments on my previous article. After a brief look into the Corporate Social Responsibility Committee in the previous article (click here), we will take a look into another Committee-