CAclubindia Articles

Insider Trading: Indian Perspective

Posted by CA Bhavik Mehta 11 November 2013 17952 Views

The buying or selling of a security by someone who has access to material, nonpublic information about the security.Insider trading can be illegal or legal depending on when the insider makes the trade: it is illegal when the material information is

The Companies Act, 2013 - Provisions relating to related Party disclosures

Posted by G S Rao 09 November 2013 240819 Views

Introduction: The Companies Act, 2013(the Act or New Act) aims at enhancing Corporate Governance by clearly defining the duties of directors and fixing additional responsibilities and defining the attributes and role of independent directors to

Intercorporate Loans/Investments+Co types - Summary

Posted by CA Chiranjiv Kumar 09 November 2013 22116 Views

Are provisions of inter-corporate loans and investments applicable only to public company?Yes.What are the conditions for making Inter-Corporate loans and investments?1. Approval of board.2. Unanimous resolution passed in board meeting.Is there any c

XBRL Simplified

Posted by CA Chiranjiv Kumar 12 November 2013 21238 Views

What is XBRL?Standard definition - XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business information, providing major benefits in the preparation, analysis and communication of business

Diminishing Returns of CA's

Posted by CA DHANANJAI KUMAR 09 November 2013 41986 Views

Chartered Accountants an expert in the field of Accounts and Audit!!!! Does this Statement suits the CAs these days, Very difficult question to answer, Right??? The Fundamentals ( Basics) Even having such a vast and comprehe

Corporate Social Responsibility - Highlights

Posted by Ashima chachra 09 November 2013 24790 Views

Corporate Social Responsibility (CSR) new hot topic introduced by Companies Act, 2013.Many times we have heard about CSR but what exactly it is let us now understand. What is CSR ? As a layman if we explain it t

Companies will not be able to receive share app money in cash

Posted by CA Nitesh Kumar More 08 November 2013 162851 Views

Penalty upto 2 crores: Private/Public Ltd. Co. will not be able to receive share application money in cash, utilize share application money for business & will have to open separate a/c for share application Many of the private limited compani

The Role of corporate governance in coping with Financial Crisis, Corporate Scandals and Failures

Posted by CS Suhita Mukhopadhyay 08 November 2013 15452 Views

Corporate greed & corruption witnessed in the Rs. 1.76 lacs crore 2G scam, which involved many large businesses last year only got bigger this year with a host of other cases grabbing the limelight. Be it the much bigger Rs.1.86 lacs coal scam,

Third Group of CA Exam!

Posted by Sarthak Goyal 07 November 2013 50623 Views

We all study Accounts, Law, Audit, Cost, DT, IDT, SFM and ISCA. But why is it so that only handful are able to pass them? Some say, my DT is weak, I cant understand the concepts of SFM or some blame it on ISCA or Audit. But do you really think Accou

Shastrarth: Taxation of Gifts on Diwali

Posted by Abhinav 07 November 2013 24447 Views

Shastrartha: Taxation of Gifts received on Diwali Man: Hey Lord! The festival of Diwali has brought us closer to our relatives. The exchange of blessings, gifts, sweets arouses the love that exists amongst us. God: It is good to enjoy but never fo