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How to Prepare for CS Executive Costing and its Important Topics The CS Executive test is the next step towards becoming a CS, or company secretary. To become a CS, you must first pass the CS Executive  Entrance Test (First Stage) and then finish the CS Executive and CS Professional courses. In today's serious business environment, where corporate entities must present a valid and logical stance on their financial status, money and bookkeeping have become increasingly important. Basic CS Executive Costing Concepts In the part under "Fundamental Ideas," all of the concepts of cost accounting must be understood. The various definitions and phrasings used in Cost Accounting, as well as the context in which they are usually utilized, are critical components to understand. The purpose and significance of the Cost Accounting framework, as well as its history in the industry, must be understood. Almost every examination will include hypothetical questions from this area. Respond

How to Prepare CS Executive Costing and its Important Topics The next step in becoming a CS, or company secretary, is to pass the CS Executive exam. Following the completion of the CS Executive Entrance Test (First Stage), the CS Executive  and CS Professional courses must be completed in order to become a CS. Money and bookkeeping have gained a lot of importance in today's serious business world, where corporate entities must provide a valid and logical viewpoint on their financial situation.    Basic Concepts of CS Executive Costing The outline of all the concepts of Cost Accounting must be perceived in the section under "Fundamental Concepts." Definitions and varied phrasings used in Cost Accounting , as well as the context in which they are frequently used, are important components to be aware of. You must be aware of the goals and significance of the Cost Accounting framework, as well as its history in the industry. In general, hypothetical questions are posed from t

Procedure for Resignation of Director CS Executive Company Law   Procedure for Resignation of Director (Section 168 of the Companies Act,2013)   The Director intends to resign shall send a notice in writing to the Company. The resignation of a director shall take effect from: The date on which the Notice is received by the company or The Date, if any, specified by the Director in the notice, whichever is later. The director who has resigned shall be liable even after his resignation for the offenses which occurred during his tenure. The law has caste duty upon the Director resigning to file form DIR- 11 (Company shall file form DIR 12) and Mention therein the Reason for Resigning. Enclose the copy of the Notice sent to the Company. Enclose Proof Of Dispatch File the said form within 30 days of resignation along with the prescribed filing fees. There is warning note at the end of the form which states as follows:  Note: Attention is also drawn to provisions of Section 448 and 449 which

CS EXECUTIVE CONSTITUTION OF INDIA IMPORTANT LECTURE & TOPIC Takshila Learning provides CS Executive online courses to students in a fast, comfortable, and clear way through our www.takshilalearning.com portal for CS training. It allows students in a particular but basic way to learn conceptual information. CS online classes are a series of lectures recorded in HD quality with a detailed description of the material by experienced and well-known colleges. Constitution of India Our country is regulated by the Constitution of India. It was adopted on 26th November 1949 and actually came into force on 26th January 1950. The Parliament cannot override it because it is created by a special Constituent Assembly. It contains 395 articles (divided into 22 parts and 12 schedules). The Constitution of India is the supreme law that deals not only with the structure of Government but also defines the Rights of Citizens, Principles to be followed by the state in the governance of the country. Pr

In the previous article, we understood the structure of the civil courts and the jurisdiction of the courts and the jurisdiction of the courts. Now we're going to learn about the "Res Sub Judice Doctrine/Stay of Suit" So we're starting here…   General understanding of the Doctrine of Res Sub Judice/Stay of Suit and of the Doctrine of Res Judicata:   According to Section 10 of the Code of Civil Procedure, which deals with the Doctrine of Res Sub Judice, which deals with the stay of the cases under consideration or adjudication is still pending before the Court, whereas according to Section 11 of the Civil Procedure Court, which deals with the Doctrine of Res Judicata, which deals with the matters already decided.   Doctrine of the Judiciary/Stay of the Suit:   Pursuant to Section 10 of the CPC, the rule in the Doctrine of Res Judice prevents courts of concurrent jurisdiction, i.e. 'courts that have the capacity to exercise judicial review by different courts at the

Set-Off:   Set Off is dealt with in accordance with Rule 6 of Order 8 of the Code of Civil Procedure, 1908. It's a defense mechanism for the sum of money owed. It's the form of a cross, a suit. Legally, it is defined as the reciprocal acquirement of the debts between the parties, i.e. between the plaintiff and the defendant. It eliminates or extinguishes the claim of the plaintiff to the extent of the amount of money claimed by the defendant as a counterclaim.   In simple terms, this means that if two parties owe money to each other but one of the two parties owes more money than the other party pays the net amount and settles the money owed.   Pursuant to Rule 6 of Order 8 of the Court, where the defendant claims, in an action against the plaintiff, the recovery of money which the plaintiff has legally recovered from the plaintiff, not exceeding the pecuniary limit of the Court, and where both parties have the same character as the plaintiff's claim, the defendant may, at

SOCIAL RESPONSIBILITY CS Executive CORPORATE Corporate Social Responsibility is a regulation which obliges companies to take an active part in complying with the legal spirit of the ethical norm and international norm. CSR activities help the organization to have a better impact on society, consumers and our stakeholders. It gives the edge to CSR-following business over others.   APPLICABILITY OF CSR ON BUSINES As per section 135 of the Act 2013 of the Company,   Every company that lies in these conditions must spend the prescribed amount on CSR activities:-   1.  Company with a net value of 500crore ropes or more 2.  Company with a turnover of roupees 1000crore or more 3.  Company with a net profit of 5crore or more Upon compliance with any of the above conditions, the company shall establish a CSR committee, which shall establish policies related to CSR expenditure and shall be disclosed in the report of the board of directors. The company shall make expenditure of at least 2 per cen

In CS Online Coaching Classes, the Negotiable Instrument Act is a very interesting subject of Economic, Business and Commercial Law, which is discussed in a cheque that is explained below:   What's a Cheque? A cheque is a bill of exchange drawn from a specified banker and not expressed as payable otherwise than on demand and includes an electronic image of a truncated cheque and a cheque in an electronic form. (Sec. 6 of the NIA)   Explanation I – For the purposes of this section, the terms-   An electronic form cheque means a cheque that contains the exact mirror image of a paper cheque and is generated, written and signed in a secured system that ensures minimum safety standards with the use of a digital signature (with or without a biometric signature) and an asymmetric cryptosystem; A truncated cheque shall mean a cheque which is truncated in the course of a clearing cycle, either by the clearinghouse or by the bank, whether paying or receiving payment, immediately on the gener

Meaning, Petition & Process -  Winding Up Of A Company The process of setting up a business and winding up is a process of law. In the modern era, setting up business/ incorporation has been simplified by way of ease of doing business. In light of the Companies Act, 2013, winding up is a process of dissolving the legal existence of the company. In the practical scenario under the earlier Companies Act, winding up of a company takes years to complete and was a tedious process. This article covers the overview of the winding up and modes as prescribed under the Companies Act, 2013 and Insolvency & Bankruptcy Code, 2016. In this article we will discuss the Process of Winding up a Company in accordance with the syllabus of  Setting up of Business Entities and Closure  – SBEC CS EXECUTIVE. MEANING OF WINDING UP Winding up is the process by which the assets of the company are saved and the affairs of the company are wound up. Even during the process of winding up the company continue