Archive | Company Accounts

The disadvantages of company form of management are discussed in detail…

Section 43(1) provides that ‘actual cost’ means the actual cost of the asset to the assessee as reduced by that portion of the cost, as has been met directly or indirectly by any other person or authority…

Insurance is a form of contract or agreement under which one party agrees in return of a consideration to pay an agreed amount of money to another party to make good for a loss, damage, injury to…

The three steps for determining the liability of underwriters are complete underwriting, partial underwriting and firm underwriting…

In respect of preparation and presentation of the final accounts the requirement of Section 210 of the Companies Act are at every annual general meeting of a company in pursuance of section 166…

The operating contract happens to be a new device of admini­stering public enterprises. According to this method the government enters into a contract with an established and reputed private company for…

Rights shares are issued u/s 81 of the Companies Act, 1956 when the company decides to increase its subscribed capital. The scheme has the following characteristics…

The Companies Act lays down restrictions on the remuneration to be paid to directors, manager, and managing director. Under section 198 of the Companies Act, the total remuneration payable to…

Banking companies are governed by the Banking Regulation Act, 1949. Section 5 of the Act defines banking as “the accepting, for the purpose of lending or investment, of deposits of money from the public repayable on demand…

Requirements to be done before incorporation is complete after the parties subscribing to the memo. must file with the Registrar of Companies….

Venture capital represents financial investment in a highly risky proposition made in the hope of earning a high rate of return. It is generally considered as a synonym of high risk capital…

These sec-9-13 are attempts to formulate in simple language, the partners’ duties inter se. Two fundamentals duties are laid down first. These are Partners are bound to carry only the business of the firm to the…

Companies may be incorporated in a variety of ways. Thus :(i) A Co. may be incorporated by being formed and registered under the present Act in the manner provided by the Act. It may also have been formed and registered…

According to Hanson, government companies are of the following types that are discussed as follows…

Where any prospectus is published as a newspaper advertisement, it is not necessary to specify therein the contents of the memorandum or the signatories thereto, or the number of shares…

A share in a company is one of the units into which the total capital of the company is divided. For example: If the capital of the company is Rs 10,000 and it is divided into, 1,000 units of Rs 10 each…