CAclubindia Articles

User Guide on Paying MCA21 Fees Via NEFT

Posted by CA KRISHNA KUMAR DARUKA 25 April 2021 16397 Views

Introduction: Currently MCA21 payments are allowed via Credit Card, Internet Banking & Physical Challan. The Ministry has authorized 5 banks (Indian Bank, HDFC, ICICI, PNB and SBI) for collection of MCA21 fees, which means that only the accoun

Circular Resolution Written Resolution

Posted by Vivek Sethia 01 August 2020 68271 Views

Passing of a Board Resolution by Circulation under Companies Act, 1956 of India Provisions Applicable Section 289 read with Regulation 81 of Table A of Schedule I. Provisions in Brief Whatever act is required to be done by the Boar

Deferred Tax Liability

Posted by CS Ankur Srivastava 25 June 2011 41104 Views

Deferred Tax Liability is the difference between the provision of tax and actual tax. It is the timing difference that arises because of the tax calculated as per Companies Act and Income Tax Act. Example:- Provision for Tax in the P/L was Rs.

Fast Track Exit Mode for Defunct Companies

Posted by CS Ankur Srivastava 26 June 2011 19103 Views

Initially Ministry had issued Easy Exit Schemes to give an opportunity to the defunct Companies to get their name strike off from the records of ROC.

Is collateral security necessary for bank loans?

Posted by Guest 24 June 2011 37997 Views

The concept of Social control in the field of banking sector was introduced by the Government of India for the first time in 1967 and with that in view, the Banking Regulation Act, 1949 was amended. The steps taken by amending the B

A Brief note on MCA's Green Initiative Circulars

Posted by Pravin Gupta CS 23 June 2011 22105 Views

MCAS Green Initiative; In order to save trees and environment by cutting down the consumption of costly paper habits, the Ministry of Corporate Affairs has taken a Green Initiative in the Corporate Governance by allowing pap

Holding of Board Meetings through Electronic Mode

Posted by Vivek Sethia 22 June 2011 18255 Views

Finally, Indian Corporate regulators have recognized the mode of holding the company meetings through electronic mode. Going forward meetings held through such mode shall now be duly accepted and recognized in court of law. The Ministry of Corpor

Role of Chartered Accountants in Investment Banking

Posted by Vikranth 05 April 2021 94637 Views

"Morgan Stanley offers $200,000 to IIM student for Investment Banking role!" One often reads such lines in newspapers.

How competitive does CA make us for top 'finance' roles?

Posted by ANANDH SUNDAR 22 June 2011 17535 Views

ICAI constantly markets CAs as 'partners in national building', 'trusted business advisors' etc. I guess if we discharge the audit/certification function properly, help the Governments switch to accrual accounting and help in monitor

Amendment in the process of issue of TDS Certificate

Posted by CS Bijoy 22 June 2011 34757 Views

The Department of Income Tax of India make amendment in the process of issue of TDS certificate by CIRCULAR NO. 3/2011 [F. NO. 275/34/2011-(IT-B) DATED 13-5-2011. Section 203 of the Income-tax Act 1961 ("the Act") read with the Rule 31