Depreciation under companies act to be calculated based on the useful life of any assets. Companies act 2013 has prescribed the useful life of any asset. 1. Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life.…
Category: Companies Act 2013
No Commencement of Business Certificate is required for New Companies
The Companies (Amendment) Act 2015 which Notified on 25th May, 2015 Omitted Section 11 of Companies Act 2013 which calls for Business Commencement Certificate/ Intimation to MCA before commencement of Business by a newly incorporated company. Share on: whatsapp
Companies Act 2013 in Word Format
Download Companies Act 2013 in Word Format. Download Companies Act 2013 Share on: whatsapp
The Companies (Amendment) Act 2015
The following Act of Parliament received the assent of the President on the 25th May, 2015, and is hereby published for general information: Share on: whatsapp
Integrated Companies Incorporation Form – INC-29 for DIN Application, Company Incorporation
EForm INC-29 deals with the single application for reservation of name, incorporation of a new company and/or application for allotment of DIN. This eForm is accompanied by supporting documents including details of Directors & subscribers, MoA and AoA etc. Once…
Format of Auditor’s Report on Consolidated Financial Statements under the Companies Act, 2013
AUDITOR’S REPORT ON CONSOLIDATED FINANCIAL STATEMENTS UNDER THE COMPANIES ACT, 2013 The Auditing and Assurance Standards Board, under the authority of the Council, has already issued the illustrative formats of the auditor’s report on standalone financial statements of a company under…
Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013
The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India has today issued the Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013. For the benefit of the members, complete text…
Application Guide on the provisions of Schedule II to the Companies Act 2013 by ICAI
The Corporate Laws & Corporate Governance Committee of the Institute of Chartered Accountants of India has issued the Application Guide on the provisions of the Schedule II to the Companies Act, 2013. For the benefit of the members, complete text…
Appointment of Women Directors
As you are well aware that SEBI vide its circular dated 17th April, 2014 has made it mandatory for all the listed companies to appoint atleast one Woman Director on their Board of Directors by 31st March, 2015 in alignment…
Now a Company will be a Subsidiary Company even if its only control the composition of Board of Directors
As Per Section 2(87) of Companies Act 2013 subsidiary company” or “subsidiary”, in relation to any other company (that is to say the holding company), means a company in which the holding company— (i) controls the composition of the Board of…