Ppt on companies act 2013 vs companies act 1956

10844PPT (Rev 11/13) SI/SNY About Salary Continuation Plans Presentation For Employers Standard Insurance Company | The Standard Life Insurance Company.

Topics 10844PPT (Rev 11/13) SI/SNY Chism Ice Cream Company vs. IRS Considerations Relevant Laws Getting Started with a Salary Continuation/ that employee? *Social Security Basic Facts, July 26, 2013 Tough Decision 10844PPT (Rev 11/13) SI/SNY If / company when it was incorporated in 1933, and served as president of the company until his death in 1956. Chism Ice Cream Company/ Relevant Laws 10844PPT (Rev 11/13) SI/SNY Employee Retirement Security Act of 1974 (ERISA) - Written plan must adhere to plan document /


Briefing to the Portfolio Committee on Labour 2013.05.02 Strategic Plan, Annual Performance Plan and Budget, 1.

council; to repeal certain provisions of the Labour Relations Act, 1956; and to provide for matters connected therewith. Skills Development Act (Act no 97 of 1998 [SDA] as amended) Employment/ESSA per annum Increase from 2000 to 3000 companies register vacancies on ESSA by end of March 2013 1 924 companies registered vacancies on ESSA Table 4: Employers / Conduct a risk- based internal audit and timely reporting 88% (33 planned vs. 29 actuals) of final reports were issued as per timeframes indicated in the/


COMPANIES ACT 2013 – Annual Return Certification and Secretarial Audit - By CS Makarand Joshi -

was interested  Details of resolutions passed by postal ballot  Details of CSR  Limits u/s 186 vs. actual spending  Disclosure of directors  IEPF Transfers  Maintenance of Statutory Registers  Appointment of Statutory Auditors/acts?  The Companies Act, 2013 (the Act) and the rules made thereunder;  The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made thereunder;  The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder;  Foreign Exchange Management Act/


RELATED PARTY TRANSACTIONS CS Vinayak S Khanvalkar, Partner KANJ & Associates, Company Secretaries Company Law Refresher Course – Pune Branch of WIRC of.

taxes 2 Key changes which have been done in Companies Act, 2013 under related party transactions: Section 297, 299, 314 of the Companies Act, 1956 and certain other provisions merged in 184, 188, 189 of the Companies Act, 2013. CG approval (as per S. 297) has /buyers. In these circumstances, it cannot be said that the dealings were at arms length. 2013 (294) E.L.T. 329 (Tri. - Mumbai) STERLITE OPTICAL TECHNOLOGIES LTD. Vs COMMR. OF C. EX., AURANGABAD 36 Arms’ Length – Some Judgments under Excise Valuation /


YOUR FAULT, MY FAULT, THEIR FAULT … DOES IT EVEN MATTER? INDEMNIFICATION AND EXCULPATORY AGREEMENTS IN THE OIL PATCH 2013 AAPL Southwest Land Institute.

AGREEMENTS IN THE OIL PATCH 2013 AAPL Southwest Land Institute -- Dallas April 30, 2013 Charles W. Sartain J/ do we have indemnities? To allocate risk and create certainty. Liability vs. Loss: What is covered by the indemnity? Is an indemnitor’s/ of the contract.” The Model Form JOA The 1956 AAPL Model Form 610 Onshore Operating Agreement: 5.Operator/acts as Operator, such as “the completion, testing or turnover” of the well absent gross negligence or intentional misconduct. Stine v. Marathon Oil Company/


Companies Act, 2013 –Accounts and Audit - Anand Banka.

one person company, small company and dormant company) O Statement of change in equity, if applicable O Notes Issues O Companies (AS) Rules, 2006 O Accounting Standards issued by ICAI SMC Vs. Small Company Relevant FactorRules. 2006Act, 2013 TurnoverDoes not / 3400-3699 4000-4699 Formulation of Auditing Standards Companies Act, 1956 Companies Act, 2013 SA’s Formulation – ICAI NACAS- Ratify NFRA – Formulation (in consultation with ICAI) Audit Report O Whether the company has disclosed the effect, if any, of /


Analysis of Companies Act, 2013 & Related Rules CS Ranjeet Pandey - FCS, LL.B. Past Chairman, NIRC- ICSI Ranjeet Pandey & Associates Practising Company.

Companies Act, 2013 & Related Rules CS Ranjeet Pandey - FCS, LL.B. Past Chairman, NIRC- ICSI Ranjeet Pandey & Associates Practising Company Secretary Mobile: 09810558049, 011 – 46074119 e-mail: cs.ranjeet@gmail.com Chapter VII Management & Administration (section 88 – 122) Companies (Management & Administration) Rules, 2014 Forms: MGT1 – MGT14 Register of Member (Section 88) Register of Member [Form MGT 1]: New Companies/ 292 vs. section/1956 – 22 relations Member of HUF; Husband and wife; As per Companies/


Anti-Trust Law G406, Regulation, ch. 6

Clayton Act was passed to try to pin down monopolizing practices more clearly. Exclusive dealing contract, Total-requirements contracts Tying contracts, bundling Predatory pricing Per Se vs. /U. S. v. DuPont (the cellophane case) 351 U.S. 377 (1956). http://mysite.verizon.net/bowenjohnf/dup-celo.htm DuPont had been charged with /2116, 546 increase. U.S. Sues to Block Big Beer Merger 2013 WSJ American, US Airways The combined company would surpass United Continental Holdings Inc.UAL -2.05% as the No/


GASSMAN LAW ASSOCIATES, P. A

the work could be done elsewhere. Rev. Rul. 56-660, 1956-2 C.B. 693. Work done off the premises of /include the following: An employer is generally liable for the acts of an employee, but typically not for a bona fide/. Copyright © 2013 Gassman Law Associates, P.A. EMAIL YOUR QUESTIONS TO: agassman@gassmanpa.com 40 Credit Shelter Trusts vs. Relying on /Copyright © 2013 Gassman Law Associates, P.A. EMAIL YOUR QUESTIONS TO: agassman@gassmanpa.com Limited Liability Trust – Asset Protection Trust Trust Company in /


BARODA BRANCH OF WIRC OF ICAI SUB REGIONAL CONFERENCE 21 06 2013 Topic : HUF, Family Arrangement, Succession, Will, Nomination : Legal & Tax aspects 

CONFERENCE 21 06 2013 Topic : HUF/ of Hindus : Hindu Marriage Act, 1955 Hindu Succession Act, 1956 Hindu Minority and Guardian Act, 1956 Hindu Adoption and Maintenance Act, 1956  Who is a Hindu?/property, inherited property, HUF property 3. HUF vs. Hindu Coparcenary  Hindu Succession (Amendment) Act, 2005 and its implications  Position of / tenanted properties, shares in co- operative society, shares in a limited company, insurance monies, bank deposits, government securities, units, gratuity, (only family/


New Era of Corporate Adjudication NCLT & NCLAT (Under Companies Act, 2013) CS Ranjeet Pandey - FCS, LL.B. Central Council Member Ranjeet Pandey & Associates.

vs. Class Action)  Where the cause of action is an act or omission that is yet to occur, whether the act or omission could be, and in the circumstances would be likely to be (i) authorised by the company before it occurs; or (ii) ratified by the company/Petition should be accompanied by an affidavit sworn before the person specified in Section 558 of the Companies Act, 1956 / Section 355 of the Companies Act, 2013; Multiple Reliefs – A petitioner shall be entitled to seek one or more reliefs provided that /


“The Technology Development & Mechanization of

like to state that out of 44MT of lignite produced in the country during 2013-14, share of NLC is 26.6MT(60%). In power generation, out/A ‘Navratna’ Govt. of India Enterprise) Incorporated on 14-11-1956 under Companies act 1956 The biggest lignite mining company in India. ‘Navratna’ Scheduled ‘A’ Government of India Enterprise/of booming Coal Mining Industry in India. NLC SME Technology Vs CME Technology A Navratna Company SME Technology Vs CME Technology NLC initially preferred for combination of SME and CME/


TOPIC 9:CARTELS AND COORDINATED EFFECTS Topic 9| Part 25 September 2013 Date ANTITRUST ECONOMICS 2013 David S. Evans University of Chicago, Global Economics.

September 2013 Date ANTITRUST ECONOMICS 2013 David S/ Cooperating for procompetitive reasons Explicit Collusion: Detecting Cartels 4 5 Explicit vs. Tacit Collusion Explicit collusion is the result of an agreement to /Cons In the UK Cartels became illegal with the Restrictive Trade Practices Act of 1956… Subsequently, as much as 50% of British industry adopted information/ ruled in favor of the defendants– the DOJ did not prove the companies used information to collude in prices and production. They can be a/


Ronak Doshi Bansi S.Mehta & Co

Vs. Unity Care & Health Service Aravali Polymers LLP (65 SOT 11) (Kolkata) Contention Arguable – prone to litigation December 20, 2014 Fastrack Mergers under the Companies Act, 2013 Fast track mergers – Companies Act 2013 Section 233 of Companies Act 2013 Merger of 2 or more small companies Small company is a private company/Transferor and transferee companies will need to file a declaration of solvency with the RoC. December 20, 2014 Fast track mergers – Companies Act 2013 Under the 1956 Act, the criterion /


Week 10: Huang Chun-ming and “Young Widow” [Nov 14 th, 2013] Instructor: Richard Rong-bin Chen, PhD. Adjunct Assistant Professor, Graduate Institute of.

1935: born in Luo-tung Township, Yi-lan County.  1956: published his first short story, “Son of the Street Sweeper”/ job, but couldn’t return home. People in the city vs. the aboriginal young men. The film adaptation. “The Taste /speculation. You can tell this from the way the insurance companies have become engaged in construction!” (p. 301-2)/digitalarchives.tw/item/00/5b/c7/11.html 2013/11/15 visited 5 National Taiwan University /fair use doctrine of the Taiwan Copyright Act Article 52 and 65 by GET, and/


杨良宜 2013 年 11 月于上海. 争议解决针对的两个问题 Issue of Law ( 法律问题 ) Issue of facts ( 事实问题 )

杨良宜 2013 年 11 /future “facts”; fact vs opinion. (ii) Basis of decision (fact-finding) by arbitrator - evidence; weight of evidence; needs not follow the rules of evidence (hearsay evidence [Civil Evidence Act 1968 / 1995]) /Bankers Trust Orders (Bankers Trust Co. v. Shapira (1980) 1 WLR 1274); Company registry; Foreign courts and authorities; etc (iii) Disclosure/discovery; etc., from /no fishing expedition (Radio Corp of America v. Rauland Corp [1956] 1 QB 618); limited and specific documents, etc.]; b/


COMP6411 COMPARATIVE STUDY OF PROGRAMMING LANGUAGES Part 1: History of Programming Languages Joey Paquet, 2010-2013 1 Comparative Study of Programming.

of algorithms. Joey Paquet, 2010-2013 47 Comparative Study of Programming Languages Algol vs. Fortran Most influential original contributions of/ enough to convince a majority of programmers or companies/organizations to switch to PL/I. Despite all this/same time in other windows. An icon acts as a shortcut to an action the /The FORTRAN Automatic Coding System for the IBM 704 EDPM. IBM Corporation, New York, 1956. 34. A. Perlis, K. Samelson. Preliminary Report – International Algebraic Language. Communications/


Japanese Politics and Public Policy: an Introduction [Faculty Seminar at East West Center, May 29, 2013] Yves Tiberghien, UBC

But probably 2-tiered: Elite (MOF,MITI, MOFA) vs Others (anti-reform) Fragmented: famous bureaucratic battles Sources/(source: Jennifer Chan) Suffrage (1946) Anti-Prostitution (1956) Peace movement (60s, 70s) Women’ lib (70s)/in July. Part of a trend in 2013 toward economic nationalism with strong entropic forces. / by Citizens The Nuclear Triangular Conundrum TEPCO, a private company, is the operator, in charge – with control of/is a fascinating country that has often acted as a pioneer of modernity Pioneer of/


Final Review LCHS 2013. Which type of rock listed below covers the majority of the Earth’s land surface? I. Igneous II. Metamorphic III. Sedimentary A.

2013/company could not be identified? A. Comprehensive Environmental Response, Compensation, and Liability Act (Superfund) B. National Environmental Policy Act (NEPA) C. Pollution Prevention Act (PPA) D. Resource Conservation and Recovery Act (RCRA) E. Toxic Substances Control Act/prone to low pressure do not have extreme diurnal (day vs. night) and seasonal temperatures because the clouds present over / disease was first discovered in Minamata, Japan, in 1956 and was caused by the release of methylmercury in /


Foundations of Social Media RTV 453. Legacy media vs. new media  Is Social Media a new form of media?  Is Interactive Media a different new form of.

Generation Computers used Transistors, starting in 1956 Second Generation – 1965-1963  1956 – Computers began to incorporate Transistors/ to reach them with your content?  Or, is another company trying to reach them based on this form of ‘content distribution/ youth. Yahoo acquired 2007, closed 2013.  TextAmerica was designed for ‘/ shopping  Early 1990s Internet start-ups vs. ‘bricks and mortar stores’ grocery deliver/ code review and more.  SourceForge acts as a management system for software developers/


AFMA Feed Safety for Food Safety Portfolio Committee: Agriculture, Forestry & Fisheries 13 March 2013 13 March 2013.

1963 - 2013 Ad Hoc / COMPLIANCE AUDITORS ► INTERNATIONAL ACCREDITED ► LOCAL COMPANY AFMA CODE OF CONDUCT ► 10 - /vs. AUDITORS ► CRITICAL ROLE & IMPORTANT ► ADDITIONAL REQUIREMENTS & COMPITENCIES ► CAN USE 3 rd PARTY ACCREDITED CERTIFYING BODIES MATTERS TO BE ADDRESSED – OTHER ► TERMS – PUBLIC INTEREST ► VERY WIDE - NEED TO BE CLEARLY DEFINED AND STIPUTATED THANK YOU FOR YOUR ATTENTION ! AFMA CODE of CONDUCT 1.All legal requirements in terms of Act 35 of 1984, Act 36 of 1947 and Act 101 of 1956/


THE ACCOUNTABLE CARE ACT: WHERE ARE WE NOW AND WHERE ARE WE HEADED David Lewis LifePoint Hospitals John Voigt Sherrard & Roe, PLC Bill Young Tennessee.

BEGINNING In 1929 a man named Justin Ford Kimball (1872-1956) went to work as a Vice President of Baylor University’s/disclosure requirement Changes to Stark Whole Hospital Exception Supply companies 24 Transparency/Fraud and Abuse Continued Change in intent/ACA National Federation of Independent Business, et al. vs. Sebelius, 132 S.Ct. 2566, 567 U.S. ___ (/ end of 2012 if Congress does not act, big budgetary problem now delayed until 12/31/2013 Viability of health Insurance Exchanges The Fiscal /


W HAT DIRECTOR’S SHOULD KNOW ABOUT THEIR RESPONSIBILITIES UNDER COMPANIES ACT Practicing Company Secretary, Indore Central Council Member, The ICSI.

7 in form of Affidavit Digitally signed Intimate the change(s) to Companies in within fifteen days of such change. CANCELLATION OR SURRENDER OF DIN - DIR 5 No provisions in CA – 1956 Application in DIR-5 – who has never been appointed as director / act as Chairman of more than FIVE committees across all companies in which he is a director. ‘U’ AS INDEPENDENT DIRECTOR Declaration of Independence at 1 st BMAt least one separate meeting in a yearAbide by the code of conduct of Independent Director CA 2013 Vs /


1 Updated 04/18/2013. ABC-C MISSION: We are a top performing, caring team of Civilian Human Resource professionals providing quality benefits and entitlements.

Short notice retirement applications Federal Erroneous Retirement Coverage Corrections Act (FERCCA) Aging workforce 9 99 Growing serviced population / Social Security exempt amount ($15,120 for 2013) Earnings include wages and self-employment income / any part of your Federal service after 1956 is covered under the Civil Service Retirement System/premiums are paid on a monthly basis vs. bi- weekly Same Open Season and /Fund Stocks of small to medium-sized US companies Invested in stock index fund that tracks /


REAL ESTATE (REGULATION & DEVELOPMENT) ACT 2016 By CA RAJESH SANGHVI - 98210 12159 Indore Branch of CIRC 1.

Act 1872 Transfer of Property Act 1882 Indian Easement Act 1882 Indian Registration Act 1908 7 All States have their own land & construction laws, Regulation mechanisms e.g M.P Municipal Corporation Act 1956 M.P Municipalities Act, 1961 M.P Societies Registration Act/CAA, 1992; Land Acquisition, Resettlement & Rehabilitation Act, 2013; Review of the Model Town & Country /Supreme Court of India Sunil Kumar Jain vs Kishan & Ors 27 April, 1995 Citations/ partner, director of a company, a depository or a /


Vadivel Parthsarathy PhD February 2013 How are drugs discovered and developed?

2013/of mechanisms. The 1990s : synthetic source; unlimited possibilities; prepared by companies; massive scale; highly purified, standardized and tested; world-wide administration; /compared to existing drug (e.g. less dosing; oral vs inj.) C. Competitor activity- higher selectivity or novel approach/ with other biological systems Animal Scientific Procedures Act (1986) regulates the use of animals /vomiting Why so strict? Approximately 10,000 children (1956-1962) were born with severe malformities, including /


RAJASTHAN STATE CONFERENCE Theme New Era of Opportunities for Company Secretaries Presentation on Goods and Services Tax By Saturday, 23 rd July, 2016.

for Company Secretaries /Duty (1962) – on imports Service Tax(1994) – on specified services Central Sales Tax(1956) – on inter-state sale of goods Stamp Duty – on 10 specified instruments Specified Cesses/Dispute resolution measures (VCES,2013; IDRS,2016 ) 15 ‘ Goods’ as defined in clause (25) of the section 65B of Finance Act, 1994 means – every/ market simpler tax regime Fewer rates and exemptions Conceptual clarity (Goods Vs. Services) 67 BENEFITS TO EXCHEQUER/GOVT Simpler Tax System Broadening of/


MDAW 2013: DCH & MBK. Cuba Facts Population: 11+ million Area: 43,000 square miles Capital: Havana.

2013/Castro led a revolution against the Batista regime beginning in 1956; captured Havana/ gained U.S. recognition in 1959 / The U.S. embargo, codified in 1993’s Cuba Democracy Act and 1996’s Helms-Burton law, remains in place Status of/these practices Cuba’s government stole property from American companies and citizens (old and new) The U.S/cont’d U.S. Credibility / Influence Allies / extraterritorial sanctions Influence vs. competitor states (China, Russia, Venezuela) Latin American states Multilateralism U/


Contents MCA notification notifying 98 new sections under CA 2013Sections relating to loansLoans to directors & related partiesInter-corporate loans &

. Sec.372A of CA 1956 specifically provides that loan includes deposits. However, there is no such mention in CA 2013. Loans vs. advance: There is a difference between loan and advance also. Loan is repayable whereas advance is to be adjusted against supply of goods or services. Salary advance is an example. Advance is not covered under restrictive provisions of Companies Act. Whether subscription of/


1 Facilitated by Partners In Healthcare and sponsored by Walgreens Evidence Based Pediatric Treatment Guidelines 2014: Clinical Practice Strategies for.

oq=guidelines+on+AOM& gs_l=serp.3..0i22i30l2.1956.5384.0.5749.19.13.1.5.5/helpful –Aerosolized racemic epinephrine can be helpful Very short acting agent delivered via nebulizer –Nebulizer with albuterol or beta/-2013 Chest Pain Chest pain in children and adolescents rarely has a cardiac etiology Most frequent causes –Musculoskeletal injury vs./. Current Diagnosis & Treatment in Orthopedics. 2003. NY, NY: The McGraw-Hill Companies. Wright, 2014 Fractures Most common in children: –Fingers, toes, distal radius, /


An overview of Finance Bill, 2014

the capital asset where such negotiation does not result in transfer of capital asset. Therefore, CIT vs Meera Goyal [2014] 360 ITR 346 (Delhi), Upendrakumar Shah v. ITO [2011] 14 / relating to corporate social responsibility referred to in section 135 of the Companies Act, 2013 shall not be deemed to be an expenditure incurred by the assessee /it in clause (b) of section 2 of the Securities Contracts (Regulation) Act, 1956;.” Brief of the Amendment: This sub-section proposes to exempt transfer of Government/


( A BRIEF COMPARISON ) BY:- CS RAVI BHUSHAN KUMAR - 09990339200

of the India elected by General Public of India First Act of Year1956 Enacted on 18 January 1956 Commenced on 1 April 1956 Enacted in the Year 2013 by the Fifteenth Parliament of the India. 18 th Act of Year 2013 Enacted on 29 August 2013 Commenced on 1 April 2014 COMPANIES ACT, 1956COMPANIES ACT, 2013 A major standout feature of the Companies Act, 2013 is that it gives substantive procedural powers to Central/


REPORTING UNDER CARO - 2015 CA. T.S.VENKATESWARAN.

. This order has been issued pursuant to section 143(11) of Companies Act 2013. The Order supersedes the Companies (Auditor’s Report) Order, 2003 (CARO, 2003) was issued vide General Notification G.S.R 480(E) dated 12th June 2003 and came into force on the 1st day of July 2003 (Companies Act, 1956). CARO 2003 Vs CARO 2015 – Comparison Description CARO 2003 CARO 2015 Remarks Maintenance of/


Procedure & Process of M&As under the New NCLT Regime.

not specified  Approval required form Members holding 90% Shares and Creditors holding 90% in value, may be difficult, CROSS BORDER MERGER UNDER COMPANIES ACT, 1956 Foreign Company (can be only Transferor Co.) Indian Company (Only can be Transferee Co.) UNDER SECTION 234, COMPANIES ACT, 2013 Foreign Company Indian Company Notified by CG  Now Indian Co. can be transferor as well as transferee co.  CG may make the Rules, in consultation/


CRITICAL ISSUES IN REAL ESTATE TRANSACTIONS BY, CA NAVEEN KHARIWAL G MOB : 9880683725 ID : naveenkhariwalg & Co.,

4), if a firm became limited company under part IX of Companies Act, 1956. 2. CIT v Rita Mechanical Works (2010) 46 DTR 133 (P&H).] 3. Texspin Engineering and Manufacturing works (2003) 263 ITR 345 (Bom) 4. ACIT Vs M/S Unity Care and Health Services/details towards construction of property. Matter was remanded to examine assessees claim. (A.Y. 2008 – 2009) Subhash Vinayak Supnekar.v.ACIT(2013) 158 TTJ 237/(2015) 152 ITD 389 (Pune)(Trib.) S. 54F : Capital gains - Investment in residential house-Invested in /


Taxation of LLPs including its Restructuring By Milin Mehta, Vadodara Direct Tax Refresher Course Pune Branch of WIRC of ICAI 28 TH May, 2016.

will be agent of LLP) Only minimum partners (two) defined under S. 6 of the LLP Act. No maximum limit DTRC – 2016 Pune Branch of WIRC of ICAI May - 2016 LLP Vs. Company – ITA – Broad Points 4 AdvantagesDisadvantages No DDT No MAT (AMT Applicable) No Applicability of /Part IX Conversion [For Stamp Duty Point of view] Part IX of the CA 1956 is pari materia with Part I of Chapter XXI of the CA 2013 [These provisions of CA 2013 are already notified] –Section 366 of CA 213 specifically allows LLP to register –The/


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Consulting, Deloitte, Microsoft, LiveOps, RedCritter and other companies have started using gamification in various applications and / congress Telephone Records and Privacy Protection Act of 2006|passed a law specifically prohibiting/and-online-course.html Boxing at the 1956 Summer Olympics - Semifinals 1 * Pete / Nets before meeting in the 2013 NBA Playoffs|2013 Eastern Conference Semifinals https://store.theartofservice/Semifinals 1 (1) San Antonio Spurs vs. (4) Dallas Mavericks https://store.theartofservice/


NASA Engineering and Safety Center (NESC) March 7, 2014 Thinking systemically about complex systems and decision making Patrick T. Hester, Ph.D.

an instant gratification society  The right now answer vs. the right answer  Humans-in-the-loop /Type VI Error (1- [P(  )+P(  )+P(  )]) Thinking Acting Observing Adapted from Adams and Hester (2013) 11 Outline  Introduction  Systems Errors  The Systems Age  Current State in / were a part  After WWII, many companies (notably the RAND Corporation, the Bell Telephone/for a Brain London: Chapman & Hall, Ltd.  Ashby, W. R. (1956). An Introduction to Cybernetics. London: Chapman & Hall, Ltd.  Beer, S./


Finalisation of Accounts Workshop for Accountants ICAI Bhawan, Vadodara – 8 th July, 2014 ********************************************* CA. Kejal V. Pandya.

be prepared with rate and quantity with vendor name and invoice no. Routine Accounting Vs. Finalisation of Accounts Routine Accounting Day to day entries No cross references with other /Companies Act, 1956  Schedule XIV  deals with only depreciation of tangible assets.  contained rates of depreciation of tangible assets.  100% Depreciation shall be charged on assets whose actual cost does not exceed Rs.5,000/-  Unit of production method of depreciation not permissible As per New Companies Act, 2013/


Issues in Corporate taxation - Outline

on buy-back of shares ( not listed in a recognized stock exchange) in accordance with section 77A of the Companies Act, 1956 from a shareholder: shall be payable by the company as an additional income-tax @ 20% and shall not be treated as capital gain and shall not be included in/and technical know-how M/s. Virbac Animal Health India P.Ltd.[I.T.A. NO.6806/M/2011 dt 3.04.2013] Jyoti (India) Metal Industries P. Ltd vs. ACIT (ITA No.181/M/2008) M/s. Drilbits International P.Ltd. [ITA No. 1361/PN/2010 dt 23.08/


Presented by:- CA Sanjay Agarwal Mobile: 98110-80342 id:

viib)  Applicable w.e.f 1 st day of April, 2013 as inserted by Finance Act, 2012. 32 Pvt. Company Resident Consideration for issue of shares exceeding FV  Where a company, not being a company in which the public are substantially interested,  receives, in / - Interest payable on income-tax refund is taxable as income from other sources (Rajasthan High Court in CIT vs Dhannalal Devilal [1956] 029 ITR 165 (F.B.)) Lineal Ascendant or Descendant  Lineal ascendant or descendant means ascendant or descendant /


1 Steve Towers /David Weisner/Kristy Ton May 9 – 10, 2012 International Tax Review Asia Tax Forum 2012 International Tax Developments: The Cross-Border.

re-elected (1936) with unemployment rate >8.3%  Only Eisenhower re-elected (1956) with GDP growth <2% Top Five Issues of Concern to Voters % of Adults Surveyed/ companies ©2012 Deloitte Global Services Limited 26 Territorial Tax System vs. Obama’s Int’l Tax Reform Comparison of miscellaneous proposals (Cont’d) EnziCampObama 2013 Budget/contractual or legal obligation “In these various examples (agent, nominee, conduit company acting as a fiduciary or administrator), the recipient of the dividend is not the/


Regulation. Gutenberg created moveable type press Gutenberg created moveable type press Suddenly everybody had access to printed material Suddenly everybody.

1956 Entered the public domain in 1956/2013, US ranked 9 th in internet connection speed In 2013/vs. non-commercial programming Commercial programming deemed to have ample time to broadcast ‘public service’ programming Commercial programming deemed to have ample time to broadcast ‘public service’ programming E.g., education programming E.g., education programming Telecommunications Act of 1996 Telecommunications Act of 1996 First government regulation since the 1934 act/Number of media companies that combined /


Legislative Developments

in the cert petition relates to the disjunctive vs. conjunctive nature of the economic substance test /. United States, 238 F.2d 670 (1st Cir. 1956), for the proposition that a transaction that is not fictitious/ Consulting purported to provide services to each of these companies, should not be respected for tax purposes. The /petitioners’ claim that they had reasonable cause and acted in good faith in taking their tax return/Corporate Transactions – Rev. Proc. 2013-32 In Rev. Proc. 2013-32, 2013-28 I.R.B. 55/


Chemoreception & Tobacco

Antitrust Act. The major companies to emerge were: American Tobacco Co., R.J. Reynolds, Liggett & Myers Tobacco Company,/ 1938-2010 Leffingwell & Associates Year Source: RAI 2010-2013; Maxwell Reports 1983-2009; Philip Morris USA 1938-81/ Leffingwell & Associates The Changing Cigarette Cigarette Paper Porosity: 1956 - 1964: The use of more porous cigarette paper allows/1988 Smoke pH, Ammonia & DAP Thermal Generation of Ammonia – Burley vs. Flue-Cured Leffingwell & Associates Adapted from Fenner, TCRC, 1988 J/


SECTION 269 SS – MODE OF TAKING OR ACCEPTING CERTAIN LOANS AND DEPOSITS Presented by:- CA Sanjay Agarwal id: Mobile: 98110-80342.

Government ; b)any banking company, post office savings bank or co-operative bank ; c)any corporation established by a Central, State or Provincial Act ; d)any Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956) ; e)such other /of property directly to seller on assessees behalf, transaction did not attract provisions of section 269SS. CIT vs Smt. M. Yesodha [2013] 351 ITR 265 (Madras) Since the assessee carried out bona fide transactions in accordance with commercial /


2 INTRICACIES OF ALTERNATE MINIMUM TAX (SEC.115JC) & MINIMUM ALTERNATE TAX (SEC. 115JB) By PAWAN SINGLA

Vs CIT, Gujarat 7.Main Provision of Section 115JB(2) as amended by the Finance Act, 2012 a new explanation 3 brought those company also under MAT who are not required to prepare accounts in accordance with schedule VI of the company’s Act 1956 eg. Banks, Electricity companies. 8.The Finance Act/ profits to determine MAT as held in ACIT, Circle -1(3) v/s B. Seenaiah & Co. Projects Ltd. [2013] 37 taxmann.com 241 (Hyderabad – Trib) (O) Benefit arising on premature payments of deferred sales tax loans at net /


Dividend Policy and Dividend Payment Behavior: Theory and Evidence* Cheng-Few Lee ( Distinguished Professor of Finance, Rutgers.

al. (2013, Current vs. Permanent Earnings for Estimating Alternative Dividend Payment Behavioral Model: Theory, Methods and Applications) 7 Dividend Policy and Dividend Payment Behavior C. Dividend Behavior Models (i)Partial Adjustment Model (Lintner, 1956 AER) Current/better information than the market will signal this private information using dividends. - A company announcements of an increase in dividend payouts act as an indicator of the firm possessing strong future prospects. [Bhatacharya (1979), /


Tax Executives Institute State & Local Tax Update St. Louis, Missouri January 30, 2014.

combined reporting with a 50 percent ownership requirement (include all captive insurance companies) ●Use “effectively connected” income as the starting point for the/ Under Equitable Apportionment Elimination of a factor  State v. Coca-Cola Bottling Co (Ga. 1956)  Mass. Gen. Laws Ann. ch. 63, § 38(g) (Westlaw 2011) /vs. Hamer (Ill. Sup. Ct. Oct. 18, 2013) On October 18, 2013, the Illinois Supreme Court held that the state’s click-through nexus statute was prohibited under the Internet Tax Freedom Act/


IFRS Convergence in India © Deloitte Haskins & Sells, Mumbai Deloitte Haskins & Sells Ananthi Amarnath Cochin December 20, 2010.

b) Small and Medium Companies (SMCs). IFRS in India – Road map The draft of the Companies (Amendment) Bill, proposing for changes to the Companies Act, 1956 will be prepared incorporating/ which will convert their opening balance sheet as at 1 st April 2013 in compliance with the converged Accounting Standards? 36 MCA clarifies on: /IFRS 1, First time Adoption of International Financial Reporting Standards IFRS Vs Indian GAAP Conceptual Differences 52 Conceptual Differences IFRS 1 IFRS Conceptual Differences/


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