Posted On:  4 weeks ago


Companies (Restriction on number of layers) Rules, 2017

If any company contravenes any provision of these rules the company and every officer of the company who is in default shall be punishable with fine which may extend to ten thousand rupees and where the contravention is a continuing one, with a further fine which may extend to one thousand rupees for every day after the first during which such contravention continues.

article author One Roof Consultant

Posted On:  5 months ago


Exempt Services under GST in India from May 2017

Services by Government or a local authority excluding the following services— (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government;

article author CA Chirag Chauhan

Posted On:  7 months ago


CARO 2016 Applicability and its clauses

This Order may be called the Companies (Auditor’s Report) Order, 2016. It shall apply to every company including a foreign company as defined in the Companies Act, 2013 except:– A banking company as defined in the Banking Regulation Act, 1949. An insurance company as defined under the Insurance Act,1938. A company licensed to operate under section 8 of the Companies Act.

article author CA Chirag Chauhan

Posted On:  9 months ago


Latest amendment in Maternity Benefits under ESIC

Whereas draft rules further to amend the Employees’ State Insurance (Central) Rules, 1950 were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i) vide number G.S.R. 958(E), dated the 6th October, 2016, as required under sub-section (1) of section 95 of the Employees’ State Insurance Act, 1948(34 of 1948), inviting objections and suggestions from all persons likely to be affected thereby before the expiry of a period of thirty days from the date on which

article author One Roof Consultant

Posted On:  1 year ago


Supreme Court Judgement on Transfer of Flat to Nominee

Land Mark Judgement: Nominee of Deceased Member is absolutely entitled for the Ownership by transfer, Co-op. Soc can't challenge the right of Nominee a settled Law of the land. No legal heirship, court order or succession certificate is required. Please circulate, important for society members and  office bearers.

article author CA Chirag Chauhan

Posted On:  1 year ago


Applicability and Companies covered under CARO 2016 (Companies Auditors Report Order)

As per the companies act 2013 every report made by the auditor under Section 143 which is commencing on or after 1 April 2015 would be included under CARO 2016. It would be applicable to every company as mentioned below (except companies that are excluded) including a foreign company as defined under section 2(42) of the 2013 act.

article author CA Chirag Chauhan

Posted On:  1 year ago


Guidance note on Companies Auditors report order 2016 (CARO) Issued by ICAI

The Central Government, in exercise of the powers conferred, under sub-section (11) of section 143 of the Companies Act, 2013* (hereinafter referred to as “the Act”), issued the Companies (Auditor’s Report) Order, 2016, (CARO, 2016/ “the Order”) vide Order No. S.O. 1228(E) dated 29th March, 2016. CARO, 2016 contains certain matters on which the auditors of companies (except of those categories of companies which are specifically exempted under the Order) have to make a statement in their audit report. The text of the CARO, 2016 is given in Appendix I to this Guidance Note.

article author CA Chirag Chauhan

Posted On:  2 years ago


CARO 2016 issued by MCA Ministry of Company Affairs effective for Financial Year 2015-16

MCA has issued CARO 2016 on 30 March 2016 which is effective for Financial Year 2015-16. CARO, 2016 is applicable to every company, including foreign company and prescribed Class of Private Limited Company. CARO is not applicable for banking company, insurance company, Company for which Sec. 8 is applicable, One Person Company.

article author CA Chirag Chauhan

Posted On:  2 years ago


Deduction under section 80 DDB of the Income tax act 1961

Incurred huge amount of expenses on the medical treatment of family member what to do now as on the other side the lump sum amount of tax calculated by your Chartered accountant is also freaking you out. For such people government has introduced section 80DDB to claim deduction for the expenses incurred in respect of medical treatment incurred for himself/his dependent.

article author Hitesh Solanki

Posted On:  2 years ago


Tax Benefit for Disabled Person in India

Tax benefits to individual who are disabled, Parents who have dependents who are disabled including minor and certain benefits to private sector for providing employment opportunities to disabled

article author CA Chirag Chauhan

Posted On:  2 years ago


Brief analysis on joint account & nominations for successions

Succession of properties on death is a common concern for many. Popular and common advice to a person is "open a joint account or hold properties jointly" to avoid...

article author Amitav Ganguly

Posted On:  2 years ago


Format of Secretarial Audit Report

Secretarial Audit Report u/s. 203 of the Companies Act, 2013

article author CS Deepak Pratap Singh

Posted On:  2 years ago


Brief Comparison between CARO-2003 & CARO-2015 & New Auditors Report Format

Brief Comparison between CARO-2003 & CARO-2015 & New Auditors Report Format

article author Prasanna Ojha

Posted On:  2 years ago


EMPLOYER EMPLOYEE INSURANCE

In the fast changing business world and present competitive scenario in the trade and industry, it has become imperative for all the prudent and far sighted employers to retain the services of the trained

article author Sanjay Pithadia