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2014
  • Companies Act, 2013 has brought massive changes for private companies as barring a very few, all the exemptions which were available to private companies under the Companies Act, 1956 have been withdrawn in the Companies Act, 2013.
  • In this article, we attempt to throw light on the impact of Companies Act, 2013 on private companies by means of comparison of the significant provisions relating to Private Companies under the Companies Act, 1956 and Companies Act, 2013.

Comparison of provisions relating to PRIVATE COMPANIES under CA, 1956 and CA, 2013

2014
  • As you are aware that provisions of Corporate Social Responsibility as per Companies Act, 2013 has been made mandatory.
  • It is also to be noted that Sec. 135 of the Companies Act, 2013, Schedule VII to the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 shall come into force w.e.f. 01.04.2014.
2014
 

I say no to alcohol, it just doesn’t listen.


A friend in need is a pest indeed.


Marriage is one of the chief causes of divorce.


2014

Know Your Budget

  • The Constitution of India refers budget as the Annual Financial Statement.
  • In other terms the word “budget” has no where been used in the constitution.
  • The Budget is a statement of estimated receipts and expenditure of the Government of India in a financial year which begins on 1st April and ends on 31st March.

2014
    • Important Guidelines for payment towards liability on account of Tax Deducted / Collected at Source (in accordance with CGA Rules and Rule 125 of Income Tax Act).
    • Your attention is drawn towards some relevant guidelines related to payment of TDS/ TCS liability.

      A. Central Government Account ( Receipts and Payments ) Rules, 1983:

2014
  • This year, there is change in Forms 15G / 15H.
  • Hence, please check and use latest form.
  • Format of the same is enclosed.

Financial Management