CAclubindia Articles
4.94% Service Tax on Restaurant Bills - are we paying extra?
From the plain and simple reading of the provisions of the Service Tax Law, one will simply understand that Service Tax can be levied only on the service portion of any activity. But generally the restaurant owners charge Service Tax on the total bi
New Proposed Provisions on Related Party Transactions
1. Definition of Related Party in the Companies Bill 2012: related party, with reference to a company, means (i) a director or his relative (ii) a key managerial personnel or his relative (iii) a firm, in which a
FRRBs observation on Non-Compliance in relation to AS-18
The non-compliance's found by Financial Reporting Review Board (FRRB) on review ofgeneral-purpose financial statements of certain enterprises is regularly published in the ICAI Journal. January 2013 edition of the journal has the compilation o
Societies Registration Act, 1960- A Glimpse
INTRODUCTION This article contains brief description of formation of a Society in India under the Societies Registration Act, 1960. In this article, I have tried to highlight the procedural formalities, important provisions of th
Shadow Directors - Myth or Reality
CS Amitava Banerjee It is generally presumed that the business of corporate entities is controlled and transacted by their Board of directors, which occupies a fidu
Note on Conversion of Partnership Firm into a Limited Company
NOTE ON CONVERSION OF PARTNERSHIP FIRM INTO A LIMITED COMPANYINTRODUCTIONPartnership is a kind of organization, in which, few like-minded persons pool up their resources to form a partnership firm. Section 4 of the Partnership Act, 1932, defines part
Revised Schedule VI of Companies Act, 1956
GET-SET-GO with International Practices 1.Overview The Ministry of Corporate Affairs vide its notification no. S.O. 447E dated 28-2-2011 (as clarified by notification no. F.No. 2/6/2008-CL-V, dated 30-3-2011) has issued Revised Schedule VI which
An outsider's perspective to ICAI Elections 2012
With the Code of Conduct on Elections now having been lifted by the ICAI, I thought this article is in place Dear Mr. / Ms. Candidate, It all started about 2-3 months ago, when I suddenly starting receiving e-mails in my inbox from unknown
Our Role is circumscribed: Salute NFRA!
I had the occasion to write sometimes back on this website in my articles Repot on Satyam Fiasco about the fact that we lost an opportunity in Satyam Computers fraud case as our re
One year of being a CA
Signing everywhere, signing in whatever piece of paper one could catch hold of. That is a common habit among the CA aspirants. Being once a CA student, I used to do that a lot. Used to try out different forms of signature whenever I was vouch
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