Sec-13 Capital Clause
*States Authorised/Nominal/Regd Capital
*Divided into ES/PS
*Break Up - No.of Shares & FaceValue per share
*CapClause prescribes Maximum Capital
*No restriction in law for Max Limit
*UnLtd - Capital Clause in AOA
Wednesday, September 22, 2010
CA FINAL - Companies Act - Director
S-265 Right of Person to Stand for Directorship
*Not Applicable to R/D but applicable in case of re-appointment of MD, Additional Director,Director U/s 262
*Propose by himself or member
*14Days Notice + Rs.500/- (money will be refunded if candidate is elected & appointed)
*Company to member >=7Days
*Advertisement in two newspapers
*Not Applicable to R/D but applicable in case of re-appointment of MD, Additional Director,Director U/s 262
*Propose by himself or member
*14Days Notice + Rs.500/- (money will be refunded if candidate is elected & appointed)
*Company to member >=7Days
*Advertisement in two newspapers
CA FINAL - Companies Act - Director
S-265 Right of Person to Stand for Directorship
*Not Applicable to R/D but applicable in case of re-appointment of MD, Additional Director,Director U/s 262
*Propose by himself or member
*14Days Notice + Rs.500/- (money will be refunded if candidate is elected & appointed)
*Company to member >=7Days
*Advertisement in two newspapers
*Not Applicable to R/D but applicable in case of re-appointment of MD, Additional Director,Director U/s 262
*Propose by himself or member
*14Days Notice + Rs.500/- (money will be refunded if candidate is elected & appointed)
*Company to member >=7Days
*Advertisement in two newspapers
Tuesday, September 21, 2010
No Change in the Schedule of the Chartered Accountants Examinations, November 2010 – (21-09-2010)
| September 21, 2010 |
| Enquiries are being received about possible change in the schedule of the Chartered Accountants examinations to be held from November 8th to 22nd, 2010 due to the forthcoming Elections to the Legislative Assembly in the State of Bihar. |
| It is clarified that the election schedule for Bihar Assembly Elections (as notified on 6th September, 2010 by the Election Commission of India) is not clashing the Chartered Accountants examinations scheduled in the State of Bihar. Accordingly there is no change in the schedule of the Chartered Accountants examinations to be held during 8th – 22nd November, 2010 from 2.00 PM to 5.00 PM (IST). |
| Further please note that there will be no change in the examination schedule in the event of any day of the examination schedule being declared a Public Holiday by the Central Government or any State Government. |
| ( G.Somasekhar) Additional Secretary (Exams) |
Thursday, September 16, 2010
Memorandum of Association - 5
OBJECT CLAUSE
Main Objects -Starts just after Incorp
Ancillary Objects -To Achieve Main Object
Other Objects - which wil be started in future. SR or OR+CG
LIABILITY CLAUSE
-Applies for Limited Companies i.e. liability of Member's is limited
Main Objects -Starts just after Incorp
Ancillary Objects -To Achieve Main Object
Other Objects - which wil be started in future. SR or OR+CG
LIABILITY CLAUSE
-Applies for Limited Companies i.e. liability of Member's is limited
Memorandum of Association - 4
ObjectClause
S-13
*3Division of Object Clause -Main Objects, Incidental/ancillary Objects, Other Objects
*act beyond Object Clause - i.e. Ultravirus - that act will be void
*Drafting should be - Not Illegal, Not against Act&PublicPolicy, Clear&Certain
S-13
*3Division of Object Clause -Main Objects, Incidental/ancillary Objects, Other Objects
*act beyond Object Clause - i.e. Ultravirus - that act will be void
*Drafting should be - Not Illegal, Not against Act&PublicPolicy, Clear&Certain
Wednesday, September 15, 2010
Clubbing of Income 3
Clubbing of Income
For the purpose of clubbing of income u/s 64,the relationship between individual & spouse should subsist both at the time of transfer & at the time of accrual of income.
Philip John Plasket Thomas
For the purpose of clubbing of income u/s 64,the relationship between individual & spouse should subsist both at the time of transfer & at the time of accrual of income.
Philip John Plasket Thomas
Clubbing of Income 2
Clubbing of Income
Agriculture Income of minor son of the assessee has to be included in income of assessee for determining rate of income tax applicable to the assessee.
SURESH CHAND TALERA Vs. UOI (MP)
Agriculture Income of minor son of the assessee has to be included in income of assessee for determining rate of income tax applicable to the assessee.
SURESH CHAND TALERA Vs. UOI (MP)
Clubbing of Income 1
Clubbing of Income
Assessee is entitled for exmption u/s 54 even if new house is acquired in name of spouse which was assessed in hands of assessee.
V.Natrajan(Mad.)
Assessee is entitled for exmption u/s 54 even if new house is acquired in name of spouse which was assessed in hands of assessee.
V.Natrajan(Mad.)
Monday, September 13, 2010
CA Final Companies Act Sec 275; 277; 278
SHAYVIDZ
Co.Act CA Final
S-275,277,278
275-Dirctrship in Max 15Co.
277-if already15&app in othr co.-vacate<15D,othrws new app bcms void. If already in=<14&app in so many co that total>15,thenALL new app void if nt vacate<15D beyond15
278-Not counted in15-PvtCo,Unltd Co.,S-25 Co,Alternate Dir u/s313
Co.Act CA Final
S-275,277,278
275-Dirctrship in Max 15Co.
277-if already15&app in othr co.-vacate<15D,othrws new app bcms void. If already in=<14&app in so many co that total>15,thenALL new app void if nt vacate<15D beyond15
278-Not counted in15-PvtCo,Unltd Co.,S-25 Co,Alternate Dir u/s313
Saturday, September 11, 2010
ICAI News : Revised Structure of Question Papers for Nov 2010
ICAI News 10Sep2010
Revised Pattern of QuesPapers Nov2010 PCE,IPCE & Final..
*1QuesCompulsory
*1Choice in other ques
*1 internal choice in one ques
Revised Structure of Question Papers for November, 2010 Examination - (10-09-2010)
Revised Pattern of QuesPapers Nov2010 PCE,IPCE & Final..
*1QuesCompulsory
*1Choice in other ques
*1 internal choice in one ques
Revised Structure of Question Papers for November, 2010 Examination - (10-09-2010)
Memorandum of Association - 3
Law
Name Clause S-13,25,20,147
S-13:Ltd/PvtLtd word
S-25:Non-applicability
S-20:Name not identical/nearly resembles wid Existing Co/regd TM.. & follow Emblem n Names(Prevention of Improper Use)Act1950
S-147 Name outside office,on common seal,on official doc.
Name Clause S-13,25,20,147
S-13:Ltd/PvtLtd word
S-25:Non-applicability
S-20:Name not identical/nearly resembles wid Existing Co/regd TM.. & follow Emblem n Names(Prevention of Improper Use)Act1950
S-147 Name outside office,on common seal,on official doc.
Memorandum of Association - 2
Law
S-14 Format of MOA
Co. Ltd by Sh. - Table B
GuarnteeCo.+No Shr/Cap - Table C
GuarnteeCo.+Shr/Cap - Table D
UnLtd.Co. - Table E
S-14 Format of MOA
Co. Ltd by Sh. - Table B
GuarnteeCo.+No Shr/Cap - Table C
GuarnteeCo.+Shr/Cap - Table D
UnLtd.Co. - Table E
Memorandum of Association - 1
Law
S-13 Contents of MOA
I.Name Clause,
II.R.O. Clause
III.Object Clause
IV.Liab. Clause
V.Capital Clause
VI.Declaration / Subscription clause
S-13 Contents of MOA
I.Name Clause,
II.R.O. Clause
III.Object Clause
IV.Liab. Clause
V.Capital Clause
VI.Declaration / Subscription clause
Wednesday, September 8, 2010
Change in Examimation Timing Nov-2010
SHAYVIDZ
ICAI Announcement 08-09-2010
Change in Exams Timing Nov-2010 PCE, IPCE, Final old & new.
Now 02.00PM to 05.00PM (IST)..
Check Change of Examination Timings for November-2010 Examinations - (08-09-2010)
Check here for other News ICAI, ICSI News
ICAI Announcement 08-09-2010
Change in Exams Timing Nov-2010 PCE, IPCE, Final old & new.
Now 02.00PM to 05.00PM (IST)..
Check Change of Examination Timings for November-2010 Examinations - (08-09-2010)
Check here for other News ICAI, ICSI News
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