Your Cheques will become Invalid from Jan 1, 2013 – Find out WHY?

It might happen that your cheque’s start bouncing and do not get accepted from Jan 1, 2013 . There is a new standard in banking called as Cheque Truncation System or CTS 2010 , which all the banks have to follow now. RBI has issued a circular telling all banks that they should only process and accept those cheques which follow CTS guidelines. What is Cheque Truncation System or CTS? Its just a new improved structure for chqeues and a set of...

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LETTER FROM A YOUNG CA WIDOW......Her Traumatic Experience On Death Of Her Husband!

True to the core... Worth to read and share Hello Friends, I have to share a few things I learnt after Mithun's death. We always believe we will live forever. Bad things always happen toothers. Only when things hit us bang on our head do we realise. Life isso unpredictable. . My husband was an IT guy. All techie. And I am a chartered accountant. Awesome combination you may think. Techie guy, so everything is on his laptop; his to...

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Registration of Partnership Firm… Why? and How?

Registration of Partnership Firm… Why? and How?       You may want to start a partnership firm with some of your acquaintance. One may wonder whether to register his partnership firm or not when it is not statutorily compelled. Yes, the registration of Partnership in India is not compulsory under Indian Partnership Act 1932. Yet, the unregistered partnership firms lack certain advantages in its future business course. For example, in the unregistered firm the expenses viz., payment of salary, commission, interest on borrowings...

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How to Register Marriage in Tamil Nadu

REGISTRATION OF MARRIAGE IN TAMIL NA...

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REGISTRATION OF MARRIAGE IN TAMIL NADU The Government of Tamil Nadu by Act No. 21/2009 and G.O.(Ms) No. 987 Home (Courts IV) Department dated 24.11.2009 has made it compulsory the registration  of all marriages of all persons who are citizens of India  belonging to various religions in this State. This has came into effect from 24.11.2009. The marriages, even though registered under the Hindu Marriages Act, 1955, the Indian Christian Marriage Act 1872, the Special Marriage Act 1954, the Mohammadian Shariat Marriage Act and...

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Buildings built before 2007 can apply for regularisation

Competent authorities in the Chennai Corporation, the Chennai Metropolitan Development Authority, the Directorate of Town and Country Planning and municipalities will start accepting applications to condone unauthorised buildings constructed before July 1, 2007, for a fee.The State government this week issued guidelines under Section 113-C of Tamil Nadu Town and Country Planning Act, 1971 for the exemption of unauthorised buildings from regulations. The guidelines will facilitate assessment of the violations and collection of the amount for...

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Beg to Differ – SC Judgment in Sita Ram Gupta Vs Punjab National Bank and Ors | Indian Law

 Introduction:- Recently, a 2 judge bench of hon’ble Supreme Court in Sita Ram Gupta Vs. Punjab National Bank and Ors {(2008) 5 SCC 711, Appeal (civil) 1878 of 2008, Date of judgment: 10/03/2008} held as follows (in para 8): “8…………we hold that in view of the nature of guarantee entered into by the appellant with the Bank, the statutory provision under Section 130 of the Act shall not come to his help. The findings arrived at by the High Court while deciding the first appeal were that the amount shown due in the accounts of the Bank against...

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