Fixed assets that share characteristics are grouped into blocks of assets, based on the guidelines in the India Income Tax Act. When an individual asset is associated with a block of assets, which is identified as a fixed asset group in Microsoft Dynamics AX, the individual asset loses its ...
Previously, Indian companies were regulated by the Companies Act, 1956 (“1956 Act”). As on date, certain provisions under the 2013 Act are yet to be notified, and to that limited extent, the provisions of the 1956 Act continues to apply. It is pertinent to note that Forex Laws prev...
Any activity that is carried out by an advocate, a chartered accountant/cost accountant/ company secretary in practice; who is engaged in the formation of a company to the extent of filing a declaration as required under the Companies Act, 2013. Any activity of a person which falls within th...
Commercial Bankmeans a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934. CNAmeans a 20-year capital needs assessment or analysis of replacement reserve requirements. Wachoviameans Wachovia Bank, National Association, a national banking association, and ...
Component depreciation is calculated according to the Companies Act 2013 and the Income-tax Act, 1961, as required by the user. Indian localization: Key tax areas that are covered Here are the main features that are covered in this localization: ...
Finally she sat down by the fireplace and gave me a look as if to say if you wanted, I would stay with you.Everything I know about love I’ve learned from dogs. But everything I know about loss I’ve learned from them, too. They fill our hearts. And then, in what seems like ...
China also made is stern opposition to EU’s updated report on “significant distortions” in China’s economy, according to the statement. The Chinese official raised great concern over the EU’s report and disagreed with it strongly as it once again distorted the interpretation of China's pol...
In Indian context, Companies needs to comply with Accounting Standards notified under Section 133 of Companies Act 2013 to prepare the Financial Statements at the end each Financial Year.
Figures for the periods prior to 2011 have been broadly re‐classified/re‐arranged/re‐grouped, wherever material, as per revised Schedule VI to the erstwhile Companies Act, 1956 in order to facilitate like to like ...
(F) Subject to the Companies Act and to the next paragraph of this Bye-law,noDirector or proposed or intended Director shall be disqualified by his office from contracting with the Company, either with regard to his tenure of any office or place of profit or as vendor, purchaser or in an...