CAclubindia Articles
Transfer of Right to use goods-deemed sale or a service
Transfer of Right to use goods for cash, deferred payment or valuable consideration is considered as deemed sales under sub-clause (d) of Article 366(29A) of Constitution of India and also consequently under Punjab VAT Act and CST Act liable to VAT
Theory of Perception
Perception is the only thing what matters in life. Many times in life we want something which is in front of us but those all remain in dark light because we are unable to perceive it in true sense. Rather I must say we dont try and dare to t
Holding of Annual General Meeting beyond Prescribed Time
Section 166 of the Companies Act 1956: As per the requirements of Section 166 of the Companies Act 1956 every company whether a public company or private company is required to hold in addition to other meetings a meeting of its members annually c
Investigative Audit by CLB under section 397/398?
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
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
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
7 Tips of Successful Investing in the New Financial Year
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
Ideal Work Place of a Chartered Accountant
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
Role Of Company Secretary
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
Note on Revised Schedule VI: Shareholders' Funds
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
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