Check out the concept, procedure and provisions of incorporating one person company.

The new bill is all set to replace the 55 year old Act. The much-anticipated Bill seeks to update the company law in line with the best global practices. Highlights of The Companies Bill, 2011 are…

MCA had revised Schedule VI of Companies Act, 1956 and the same shall be applicable to all companies from 1st April 2011…..

The finance ministry has suggested restricting IFRS compliance for consolidated accounts of companies, so by doing so IFRS implementation can happen earlier than being envisaged by MCA. Find out more…

A new Chapter XII-BA under the Income Tax Act 1961 is being introduced which provides for levy of Alternate Minimum Tax @ 18.5% on the adjusted total income of Limited Liability Partnerships.

With the introduction and growth of reporting in the XBRL format, there will be a greater need for CAs to participate in the development with respect to XBRL implementation.

XBRL stands for eXtensible Business Reporting Language. It is a more advanced form of XML (which is already being used by the IT Department. Find out all you need to know about XBRL…