BAILMENT (SECTION 148 OF INDIAN CONTRAC T ACT 1872) A bailment is a transaction whereby one person delivers goods to another person for some purpose, upon a contract that they are, when the purpose is accomplished to be returned or otherwise disposed of according to the directions of the person delivering them. The person …
BAILMENT – CONTRACT ACT 1872 (USEFUL STUFF FOR CA/CS/CMA AND COMMERCE ASPIRANTS) Read More »
BANK GUARANTEE Bank guarantees are part of non-fund-based credit facilities provided by the bank to the customers. Bank issue bank guarantee on behalf of his client as a commitment to third party assuring her/him to honour the claim against the guarantee in the event of the non-performance by the bank’s customer. Banks issue different types …
BONUS ISSUE A company may, if its Articles provide, capitalize its profits by issuing fully- paid bonus shares. The issue of bonus shares by a company is a common feature. When a company is prosperous and accumulates large distributable profits, it converts these accumulated profits into capital and divides the capital among the existing members …
REGULATORY PROVISIONS:- Section 13(3) of LLP Act, 2008 and Rule 17 of LLP Rules, 2009 I. CHANGE OF REGISTERED OFFICE WITHIN THE SAME STATE/ WITHIN THE SAME OUTSIDE THE JURISDICTION OF SAME REGISTRAR The partners need to check the LLP agreement, in case it provides for procedure for shifting the registered office of the LLP. In …
REGISTERED OFFICE CHANGE OF AN LLP- BRIEF INTRODUCTION Read More »
Form MGT-8 is a Certification given on a Company’s Annual Return by a Practicing Company Secretary, as per the Companies Act 2013, under Section 92(2). Applicability:- According to Section 92(2) of the Companies Act, 2013 read with rule 11(2) of Companies (Management and Administration) Rules 2014, the annual return of a listed company or …
SAP AUDIT Systems Application Products in Data Processing (SAP) audit means checking of a company’s corporate information system to ensure security systems and access to customer and company data. SAP Audit is an audit of a computer system from SAP to check its security and data integrity. It ensures that it has not been tampered …
What is a 10K report? A 10K report also known as Form 10K which is a document that US public companies must submit to the Securities Exchange Commission annually. It is a summary of an organization’s financial performance that keeps the company’s investors or prospective investors informed about the company’s financial stature and business activities. What kind of companies …
US Securities and Exchange Commission (SEC) Annual Report Read More »
Scheme for providing financial assistance to set up new enterprises under PMEGP 1.1. Prime Minister’s Employment Generation Programme (PMEGP) Related Scheme Prime Minister Employment Generation Programme (PMEGP) Description The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is …
PRADHAN MANTRI EMPLOYMENT GENERATION SCHEME AND OTHER CREDIT SUPPORT SCHEMES Read More »
SA 505- “EXTERNAL CONFIRMATIONS” MEANING: External Confirmation means Audit Evidence obtained as a direct written response to the auditor from a third party (the confirming party), in paper form, or by electronic or other medium. SCOPE OF THIS SA: This Standard on Auditing (SA) deals with the auditor’s use of external confirmation procedures to obtain …