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 the scheme that is … [Read more...] about Atal Pension Yojana or APY – How to get Rs 5000 guaranteed pension every month
Archives for May 2015
Pradhan Mantri Jeevan Jyoti Bima Yojana – Life insurance coverage of Rs 2 Lakhs @ 330 per year
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 Bima Yojana or PMJJBY offers life insurance coverage of Rs.2 … [Read more...] about Pradhan Mantri Jeevan Jyoti Bima Yojana – Life insurance coverage of Rs 2 Lakhs @ 330 per year
Pradhan Mantri Suraksha Bima Yojana – Accidental death and disability coverage @ Rs 12 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 Bima … [Read more...] about Pradhan Mantri Suraksha Bima Yojana – Accidental death and disability coverage @ Rs 12 per year
TDS on Employee Provident Fund or EPF withdrawals – Section 192A
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 doesn't render … [Read more...] about TDS on Employee Provident Fund or EPF withdrawals – Section 192A
Appointment of cost auditor in a company – Procedure and Reporting as per Companies Act 2013
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 auditor has to report as specified in Companies act 2013 and … [Read more...] about Appointment of cost auditor in a company – Procedure and Reporting as per Companies Act 2013
Qualification and Disqualification of Cost Auditor – Who can be appointed
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 - Who can be appointed as a cost … [Read more...] about Qualification and Disqualification of Cost Auditor – Who can be appointed
Applicability of Cost Records and Cost Audit to Companies
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 be in accordance to new … [Read more...] about Applicability of Cost Records and Cost Audit to Companies
Integrated Process of Company Registration – Form INC29
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 still follow the old procedure … [Read more...] about Integrated Process of Company Registration – Form INC29
Laws and regulations a company secretary required to examine and report in secretarial audit
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 and regulations that a … [Read more...] about Laws and regulations a company secretary required to examine and report in secretarial audit
When and why Secretarial Audit is mandatory for Companies
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 2013 read with rule 9 of the Companies … [Read more...] about When and why Secretarial Audit is mandatory for Companies