Confused between what and how to choose between CA and CS? Let us discuss about what should we choose and which has better scope in the market. Two popular degrees in the Commerce discipline are Chartered Accountancy and Company Secretary. CA and CS are often chosen courses following 12 Commerce and are typically seen to…
The Securities and Exchange Board of India, vide Notification No. SEBI/LAD/-NRO/GN/2022/80 dated April 25, 2022, issued the SEBI (LODR) (Fourth Amendment) Regulations, 2022 to amend the SEBI (LODR) Regulations, 2015. The erstwhile Securities and Exchange Board, vide notification dated August 13, 2021, amended the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)…
The Ministry of Corporate Affairs (MCA) amended Schedule III of the Companies Act 2013, October 11, 2018. Schedule III of the Companies Act 2013, provides a format for the financial statements of companies complying with Accounting Standards (AS) and Ind AS under Division I and Division II respectively. Schedule III will now apply to the…
As you know, the review area is a non-monetary reserve created by the company to operate when the market value of other assets occurs above or below the value of the book or book value. Analysis is usually used to show the effect of the difference between the market value of an asset and the…
Under the Companies Act, 2013, the government can make rules regarding the maintenance of cost records by companies engaged in the production of goods or the provision of services in certain industries and for the audit of those records. The government may appoint a cost auditor for the company at a time of its own…
The difference between financial accounting and managerial accounting is as clear as the name suggests. Financial accounting is concerned with maintaining business transactions and documenting data so that users can make valuable financial decisions. Management accounting, also known as managerial accounting, is a relatively new branch of accounting that deals with managerial issues. It is…
The Company Law Committee’s (2022) report suggests a number of amendments to the Companies Act, 2013, in order to recognise new ideas, speed up corporate procedures, strengthen compliance requirements, and eliminate ambiguities in current laws. The Report also contains recommendations for incorporating producer organisations under the Limited Liability Partnership Act, 2008. Table of Content Key Abstract…
Stamp duty is a tax levied by the state government on the sale of real estate or documents. It varies from state to state. The amount of stamp duty to be charged depends on the value of the instrument or property on which it is levied. Earlier, stamp duty was to be charged only on…
There are 2 types of shares in any company firstly Equity share or Common Stock and secondly Preference shares or Preferred stock. Shareholders are considered to be the real owners of the Company as they have voting rights in the company while preferred shareholders do not have the right to vote in all decisions under…
Starting in July 2020, the Treasury introduced a new MSME Registration system and categories for Small and Medium Enterprises, Known as Udyam Registration; it allows new and existing companies to register on the MSME portal. This article emphasizes how to get an Udyam registration certificate. Table of Content Brief Overview Importance of Udyam Registration Certificate…