Saturday 19 October 2013

How to avoid tax slabs on sale of google glasses

Saturday 19 October 2013 - 0 Comments


Swami Vivekananda has said you need to be stress free so that you can memorize a new concepts. You first need to eliminate the obstacles that might hinder your learning and memorizing. This is one of the most important things that you must keep in mind while studying for a fast approaching exam. It’s going to require you to shut down your social activities like going on Facebook and meeting friends until your exams have finished. This will help you in focusing on your studies and will enhance your memorization skills as well. Thus, if you want to do well in your exams and want to learn how to memorize quickly then this is a sacrifice you will have to make.

Friday 13 September 2013

Provisions pertaining to proxy Companies Act

Friday 13 September 2013 - 0 Comments

Under the Companies Act,2013, Central Govt is now vested with powers to prescribe a class or classes of companies whose members shalln't be entitled to appoint another person as PROXY

Dr. S. Radhakrishnan had showed his absolute trust in our profession almost 55 years back: “…you have it in your power to do your best to expose corruption, fraud, leakage and wastage. You must be able to do it. It is only by that test that your services to the country will be tested ultimately. It is not what you do or what you don’t do that mattered very much. The important thing is whether you have satisfied your conscience—that must be the supreme canon of public behaviour.” We have been walking along these lines while sticking to the highest order of ethical conduct. 

Issuance of shares at discount under CA Act


No Company can issue shares at Discount except as sweat equity and no provision has been provided for issuance of shares at discount with the approval of central govt

Radhakrishnan had visualised our responsibilities: “In matters relating to the public enterprises which we undertake, our duty should be to see that monies spent are properly spent and that there is no wastage. That is a thing which you have to promote. You will help us in maintaining high standards of public behaviour by your frank and candid accounting and auditing.” Today, the Accountancy profession in India stands on these strong plinths and pedestals.

Thursday 12 September 2013

Quorum requirement in the Companies Act, 2013

Thursday 12 September 2013 - 0 Comments

The quorum for general meeting in case of a public company has been changed and now quorum shall be considered as following:

i. 5 members personally present if the number of members as on the date of meeting is not more than 1000.

ii. 15 members personally present if the numbers as on the date of meeting is more than one thousand but up to 5000

iii. 30 members personally present if the number of members as on the date of meeting exceeds 5000.

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