S. Jaykishan

Chartered Accountants

Corporate Laws

Consolidated Financial Statements

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Consolidated Financial Statements

– By CA Vivek Newatia
– By CA Niketa Agarwal

Erstwhile only clause 32 of the listing agreement mandated listed companies to publish Consolidated Financial Statements. Neither the Companies Act, 1956 mandated the preparation of consolidated financial statements nor do the Accounting Standards require companies to prepare Consolidated Financial Statements. With insertion of Section 129(3) in the Companies Act 2013 (“Act”), all companies including unlisted and private companies with one or more subsidiaries will in addition to separate financial statements […] Read More >>


Depreciation as per the Companies Act, 2013

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Depreciation as per the Companies Act, 2013

CA Niketa Agarwal

The provisions under Schedule II of the Companies Act, 2013 have a lot of impact on all the companies in India. So it is a dire need for all of us to understand these provisions, as it would affect accounting of depreciation of companies. Also, while doing audit, it is to be checked that depreciation charged is as per Schedule II of the Act.

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Schedule II to the Companies Act 2013

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Schedule II to the Companies Act 2013

By CA Aditi Chandak

With the introduction of the revamped Company Law, changes have been brought about in quite a few areas of interest. We’re focusing on the changes in depreciation in this article. Schedule XIV of the erstwhile Companies Act prescribed minimum SLM (straight line method) and WDV (written down value) rates for depreciation. The Companies could charge higher depreciation, if the useful life of an asset was shorter than that envisaged under Schedule […] Read More >>


Overview of Business Valuations

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Overview of Business Valuations

By CA Niketa Agarwal

Valuation involves high degree of professional judgement, knowledge of business, analysis of facts, interpretation, developing financial models, methods and procedures, which may result into different conclusions in each given situation. It is both science as well as an art. Though quantitative in nature, the valuation methods require inputs that require quite a lot of subjective judgement. The Management of companies seek help of professionals like Chartered Accountants or Investment Bankers to value […] Read More >>