Major changes by finance Minister to boost the Economy

1) The government will withdraw enhanced surcharge on long-term/short-term capital gains arising from transfer of equity shares/units. This will be applicable on both foreign and domestic investors. 2) The finance minister said that on or after 1st October all notices, summons, orders issued by income tax department will be issued through a centralised computer system […]

CHAPTER VIII – OF INDEMNITY AND GUARANTEE

CHAPTER VIII OF INDEMNITY AND GUARANTEE “Contract of indemnity” defined 124. A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a “contract of indemnity”. Illustration A contracts to indemnify B against the […]

FORM – A-Computation of the allocable Surplus under secation 2 (4)

Item No. Particulars Amount of sub-items sub-items Amount of main items 1 Net Profit as per Profit and Loss Account. 2 Add back provision for: (a) Bonus to employees. (b) Depreciation (c) Direct taxes, including the provision (if any) for previous accounting years. [(d)Development Rebate/Investment allowance/Development Allowance reserve. (d) Any other reserves 3 Add back […]

Mystery Audit

  Mystery Audit The mystery audit enable the organization to monitor its performance in an anonymous and confidential way. Mystery audit is an audit that checks the trained staff, offers the opportunity for an organization to assess and monitor the quality of services provided from the point of view of the customer. Benefits – Check […]

RESOLUTION FOR APPOINTMENT-OF-ADDITIONAL-DIRECTORS- FORMAT

APPOINTMENT-OF-ADDITIONAL-DIRECTORS   To consider the matter and, if thought fit, to pass the following as an Ordinary Resolution: “RESOLVED THAT pursuant to Section 161 of the Companies Act, 2013 and other applicable provisions (including any modification or re-enactment thereof), if any, of the Companies Act, 2013, Mr. XXX be and is hereby appointed as an […]

CHAPTER IV, Code of Criminal Procedure, 1973

CHAPTER IV A. POWERS OF SUPERIOR OFFICERS OF POLICE Powers of superior officers of police. Section 36. Police officers superior in rank to an officer-in-charge of a police station may exercise the same powers, throughout the local area to which they are appointed, as may be exercised by such officer within the limits of his station. […]

 CHAPTER III – POWER OF COURTS, Code of Criminal Procedure, 1973

 CHAPTER III POWER OF COURTS Courts by which offences are triable. 26. Subject to the other provisions of this Code,— (a) any offence under the Indian Penal Code (45 of 1860) may be tried by— (i) the High Court, or (ii) the Court of Session, or (iii) any other Court by which such offence is shown […]

CHAPTER XI PREVENTIVE ACTION OF THE POLICE, Code of Criminal Procedure, 1973

CHAPTER XI PREVENTIVE ACTION OF THE POLICE Police to prevent cognizable offences. 149. Every police officer may interpose for the purpose of preventing, and shall, to the best of his ability, prevent, the commission of any cognizable offence. Information of design to commit cognizable offences. 150. Every police officer receiving information of a design to […]

CHAPTER VIII OFOFFENCES AGAINSTTHE PUBLIC TRANQUILLITY, THE INDIAN PENAL CODE

THE INDIAN PENAL CODE CHAPTER VIII OFOFFENCES AGAINSTTHE PUBLIC TRANQUILLITY 141. Unlawful assembly.—An assembly of five or more persons is designated an “unlawful assembly”, if the common object of the persons composing that assembly is— First.—To overawe by criminal force, or show of criminal force, 12[the Central or any State Government or Parliament or the […]

NOTICE – ANNUAL GENERAL MEETING

NOTICE – ANNUAL GENERAL MEETING   To, The Share holders, ________________ LIMITED NOTICE is hereby given that the _________ Annual General Meeting of the Company will be held on _________, the _______ day of ____________ 200____ at _______ A.M./P.M. at the Registered Office of the Company to transact the following business: ORDINARY BUSINESS: 1. To receive, […]