The 2-Minute Rule for 2013 cash

The 2-Minute Rule for 2013 cash

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(b) the composition of an organization’s Board of Directors shall be considered to become managed by One more organization if that other organization by physical exercise of some power exercisable by it at its discretion can appoint or remove all or perhaps a greater part of the directors;

For example, plain vanila redeemable desire shares shall be categorized and presented below ‘liabilities’ as ‘borrowings’ or ‘subordinated liability’ plus the disclosure demands In this particular regard applicable to these types of borrowings shall be applicable mutatis mutandis to redeemable desire shares.

: You need to acknowledge, there is a thing a tad crazed about The united states's minimum wage plan. Every single a great number of moons, Congress battles more than regardless of whether it's time for your hike. Sooner or later, Democrats win out. Then we Permit inflation consume absent at its dollar price right up until liberals commit to pick up the issue yet again, as they've got this calendar year.

The place any fees or gratification nonetheless to generally be registered with ROC beyond the statutory interval, particulars and factors thereof shall be disclosed.

(iv) share of other extensive revenue in Associates and joint ventures, towards the extent to become categorised into financial gain or reduction; and

(iv) Loans thanks by directors or other officers of the company or any of these both severally or Jointly with any other particular person or amounts thanks by firms or non-public organizations respectively through which any director is really a associate or possibly a director or even a member shall be independently stated.

G. The presentation of liabilities associated with group of belongings labeled as held for sale and non-existing assets categorized as held available for purchase shall be in accordance Along with the relevant Indian Accounting Specifications (Ind ASs).

) the composition of a firm’s Board of Directors shall be considered to become managed by One more enterprise if that other business by exercising of some electric power exercisable by it at its discretion can appoint or take away all or perhaps a majority of the directors;

In regard to investments inside the cash of partnership corporations, the names in the firms (While using the names of all their associates, whole capital as well as shares here of each companion) shall be specified.

one. Where a firm is necessary to prepare Consolidated Money Statements, i.e., consolidated balance sheet and consolidated statement of financial gain and loss, the business shall mutatis mutandis follow the necessities of the Plan as relevant to a business during the preparation of stability sheet and assertion of profit and loss.

The consolidation of financial statements of the corporate shall be created in accordance Using the provisions of Plan III in the Act as well as applicable accounting benchmarks:

Supplied also the money statements shall not be treated as not disclosing a true and truthful see with the point out of affairs of the company, simply by explanation of The point that they don't disclose—-

(ii) it truly is a company whose securities aren't stated or are certainly not in the entire process of listing on any stock exchange, whether in India or outside India and

(e) the level of further interest remaining due and payable even inside the succeeding several years, until eventually these types of day in the event the fascination dues earlier mentioned are literally paid out for the modest business, for the purpose of disallowance of a deductible expenditure less than portion 23 with the Micro, Smaller and Medium Enterprises Progress Act, 2006.