ACCOUNTS AND AUDIT

e-vahan Bima-Motor insurance in digital format

e-vahan Bima-Motor insurance in digital format

Duties of an Auditor

The auditor's job is of utmost importance. It can make or break the reliability of the financial statements and the information they provide.

Maintenance and Welfare of Parents and Senior Citizens Act 2007

Maintenance of Welfare of Children and Senior Citizens Act, 2007 provides efficient provisions for the maintenance and welfare of the senior citizens.

Ind AS 104 – Insurance Contract

e Indian Accounting Standard -104 applies to all the insurance contract that an insurer issues including reinsurance contract

Indian Accounting Standard-8; (Ind AS-8)

Indian Accounting standard 8 is intended to enhance the reliability and relevance of an organization's financial statements.

 Equal Remuneration Act 1976

The chief motive of the Equal Remuneration Act 1976 is to provide for payment of remuneration to men and women on a uniform basis.

CERSAI

Established under section 8 of the company law CERSAI was created to restrain fraudulent transactions in lending transactions.

Competition Act 2002

Competition Act, 2002 was enacted by the Parliament of India and replaced The Monopolies and Restrictive Trade Practices Act, 1969

E-governance in India

The rapid digitalization has led to many governments across the globe to introduce and incorporate technology into governmental processes.

Oppression and mismanagement in a company

Section 241-246 of the Companies Act, 2013 lays down the provisions to effectively deal with oppressing and mismanagement in a company.

Indian AS 101 – First time adoption of Indian Accounting standards

Businesses or investments are now conducted globally, to ensure full transparency, India is moving towards convergence of Accounting standards with IFRS.

Accounting for Carbon Credit

A Carbon Credit is equal to one ton of carbon dioxide expelled in the atmosphere. The concept came into existence as a result of increasing awareness on the need for pollution control.

Dispute Resolution Panel

The DRP is an Alternative Dispute Resolution (ADR) mechanism for resolving disputes related to Transfer Pricing in International Transactions.

Form DPT- 3 (MCA)

DPT 3 is a return of deposits that companies must file to furnish information about outstanding receipt of loan or money other than deposits.

Consumer Court India

The Consumer Protection Act, 1986 (COPRA) came into force to protect the consumers' interest and to establish state bodies to deal with consumer problems.

Competition Commission of India

The Competition Commission of India is a statutory body established under the Competition Act, 2002, its purpose is to prevent anti-competitive practices

Writs in the Indian Constitution

Writs are formal written orders issued by judicial or executive authorities. However, in India, a writ can only be issued by a competent judicial authority.

Depreciation as per Companies Act, 2013

Depreciation is a measure of loss of value of a depreciable asset arising from use, the passage of time or obsolescence either through technological or market changes.

Statement of Changes in Equity

Statement of Changes in Equity is the reconciliation between the opening balance and closing balance of shareholder’s equity. It is a financial statement which summarises the transactions related ...

Consumer Court Complaint

Consumer Court is a special purpose court which deals with cases related to consumer disputes and grievances. These are set up by the government to protect the consumers' rights. Its primary f...

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