In Budget for the year 2015-16, Indian Government has announced the introduction of universal social security schemes in the Insurance and Pension sectors for all Indians, especially for the poor and the under-privileged. In our previous article we have discussed about Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana. One of … Read More » "Atal Pension Yojana or APY – How to get Rs 5000 guaranteed pension every month"
In our last article we have discussed about Pradhan Mantri Suraksha Bima Yojan, accidental death and disability coverage @ Rs 12 per year. In this article we will let you know about Pradhan Mantri Jeevan Jyoti Bima Yojana, life insurance coverage of Rs 2 laksh by paying Rs 330 per year Pradhan Mantri Jeevan Jyoti … Read More » "Pradhan Mantri Jeevan Jyoti Bima Yojana – Life insurance coverage of Rs 2 Lakhs @ 330 per year"
Prime Minister Narendra Modi has launched three schemes for the benefits of Indians. All saving bank account holders must have received SMS from their bank to enroll for the schemes. Here are these three schemes; Pradhan Mantri Suraksha Bima Yojana (PMSBY) Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Atal Pension Yojana (APY) Pradhan Mantri Suraksha … Read More » "Pradhan Mantri Suraksha Bima Yojana – Accidental death and disability coverage @ Rs 12 per year"
In order to discourage premature withdrawals from employee provident fund, government has introduced section 192A in finance act 2015. As per this section, TDS amount has to be deducted out of the withdrawals from employee provident fund or EPF if certain conditions are satisfied. Employee provident fund withdrawals are taxable in India if the employee … Read More » "TDS on Employee Provident Fund or EPF withdrawals – Section 192A"
In our last articles, we have discussed who can be appointed as cost auditor for a company and what are the companies required to maintain cost records and get them audited as per companies act 2013. In this article we will be discussing the procedure or process of cost auditor appointment and to whom cost … Read More » "Appointment of cost auditor in a company – Procedure and Reporting as per Companies Act 2013"
In our last articles we have discussed sectors or industry to which cost audit and cost records are mandatory as per new companies act 2013 and how to appoint cost auditor in companies. In this article we will be discussing who can be appointed as cost auditor, qualification and disqualification of cost auditor. Qualification – … Read More » "Qualification and Disqualification of Cost Auditor – Who can be appointed"
Pursuant to Companies Act 2013, on 30th June 2014, MCA has notified Companies (Cost Records and Audit) Rules 2014. This rule has further been amended on 31st December 2014 vide Companies (Cost Records and Audit) Amendment Rules 2014. From financial year 2014-15 onwards, maintenance of cost records, cost audit and appointment of cost auditor shall … Read More » "Applicability of Cost Records and Cost Audit to Companies"
With effect from 1st May 2015, government has introduced a new process of incorporation called Integrated Process for Incorporation. For this purpose a new form INC29 has been introduced. Please remember that the facility to file integrated application for incorporation of a company in Form INC29 is available as an option not mandatory. One can … Read More » "Integrated Process of Company Registration – Form INC29"
Secretarial audit is an audit applicable to certain specified companies to check compliance of various legislation including the Companies Act and other corporate and economic laws applicable to the company. In our last article, we have discussed when and why secretarial audit is required for companies. In this article we will look into those laws … Read More » "Laws and regulations a company secretary required to examine and report in secretarial audit"
Secretarial audit is an audit to check compliance of various legislation including the Companies Act and other corporate and economic laws applicable to the company. In this article we will discuss when companies in India are required to do secretarial audit and who can conduct such audit. As per section 204 (1) of Companies Act … Read More » "When and why Secretarial Audit is mandatory for Companies"