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New Companies Act might dent profits of firms relying on revaluation reserve

Under the new Companies Act, 2013, depreciation of an asset has to be taken as the cost of an asset or 'other amount substituted for cost'

Why one-person firms are popular

Though these are early days, the government will have to raise awareness of the benefits of such companies

Auditors get another year for internal financial controls reporting

Aspiring to be the 'Google for shopping'

Zopper, a price comparison site, with 2,000 online and 200,000 offline merchants on board, aims to increase user activity 100 times in 3 years. It needs to quickly improve brand awareness and get new

Satyarthi's Nobel gets muted response

Government to bring clarity on internal financial controls

Unlisted companies not likely to get exemption

MAT-paying firms get relief as govt tweaks norms

Not a level playing field

The Competition Commission of India's investigation wing is faced with a manpower crunch

How a case proceeds in Competition Commission

Delhi HC stays CCI probe against JCB

The court asked the DG to file a personal affidavit on the reason that prompted him to take the 'drastic action'

Consolidated statements: Govt might give firms one more year

Relief would only be for unlisted companies; listed ones already have to prepare statements once a year

Govt plans to bring more clarity to related-party deals

Will reconcile differences between companies law and accounting standard

Don't apply related-party norms to private firms: Satwinder Singh

Interview with Partner, Vaish Associates Advocates

Accounting norms for companies: Clarity in calculating depreciation of assets

Schedule 2 of the Companies Act, 2013, prescribes the years for counting the useful life of an asset, and the cap on its remaining or residual value

IFRS-compliant accounting standards by December

New Indian Accounting Standards were to originally come into effect from April 1, 2012

Power firms told to change P&L entry

MCA says borrowing cost of completed project counts as an expense, not an asset; clarification to affect profits of many

Govt not to define 'ordinary course of business'

Lack of clarity could lead to more disputes and court cases

SC judge, ex-Sebi chief rap new Companies Act

'Made in haste, badly drafted'

MCA cautious on proposal for more readable corporate data

The proposed scheme was aimed at more transparency in company functioning and wider dissemination of sectoral data.