Judgment Search Results Home > Cases Phrase: cost and works accountants act 1959 section 22c procedure etc of authority Court: chennai Page 1 of about 11 results (0.103 seconds)

V. Balachandran Vs. Union of India and Another

Court : Chennai

Reported in : [1993]76CompCas67(Mad)

..... for a total period of ten years : or (v) is, or has been, fr at least fifteen years in ractice as a - (a) chartered accountant under the chartered accountants act, 1949 (38 of 1949) : or (b) cost accountant under the cost and workd accountants act, 1959 (23 of 1959) ; or (vi) has, for at least fifteen years working experience as a sectretary in whole time practice as defined in clause (45a) of section 2 of the companies act, 1956 (1 of 1956,) and is member of the institute of company secretaries of india under the company secretaries act, 1980 (59 of 1980) (2) a person shall not be eligible for appointment as member unless he has completed the ..... sachar committee appointed for the purpose of examining the administrative structure and procedure regarding enforcement of the provisions of the act, observed : '16.8 there is also the strong feeling, expressed almost without any reservation, by all the organisations and individuals who has submitted their memoranda to the committee or had appeared before it that there is a definite need for a quasi-judicial tribunal, independent of the executive authority of the central government, which should not only ensure that ..... in order to enable the company law board to discharge its quasi-judicial functions it is also necessary to clothe it with the powers of a civil court to enforce the attendance of witnesses and production of documents, etc. .....

Ammini Karnan Vs. Intellectual Property Appellate Board

Court : Chennai

..... , for at least fifteen years in practice as a chartered accountant under the chartered accountants act, 1949 (38 of 1949); or (d) is, or has been, for at least fifteen years in practice as a cost accountant under the cost and works accountants act, 1959 (23 of 1959); or (e) is, or has been, for at least fifteen years working experience as a secretary in wholetime practice as defined in clause (45-a) of section 2 of this act and is a member of the institute of the company secretaries of india constituted under the company secretaries act, 1980 (56 of 1980); or (f) is a person of ability, integrity and standing having special knowledge of, and professional experience of not less than twenty ..... the hon'ble supreme court further held as follows: "in view of this decision by this court, till a proper judicial authority is set up under the aforesaid acts, the appeals to the administrator under section 347d of the delhi municipal corporation act, 1957 and also under section 256 of the ndmc act shall lie to the district judge, delhi. ..... according to the opponent/writ petitioner, the two member appellate board have not considered the affidavit evidence and have also not considered the various bills, assessment orders, sales turn over, advertisement materials etc. ..... reiterating the above grounds, the learned senior counsel for the petitioner argued at length on the facts of the case, drawing support from various affidavits filed by third parties, consumers, general public, customers etc. .....

S. Kadir Ibrahim Rowther and anr. Vs. Noor Mohammad Rowther

Court : Chennai

Reported in : AIR1966Mad60

..... object is not in these respective cases to traffic in tramways or newspapers or securities, but to own them and to make a profit by their ownership and working as distinguished from their sale, then the loss is a loss on capital account, leaving profit and loss account unaffected, and the credit of profit and loss account may divided in dividend. ..... some of the assets to be valued may be such that there are no market quotations or contemporaneous sales or purchases to afford a guide to their value, and often companies avoid the difficulty thus presented and refer in their accounts to assets of that type without placing any specific value on them, but this does not prevent the need to regard these assets as forming part of the assets of the company which must be ..... , or for that matter the second defendant, had purchased a new vehicle for the business, he having to find the capital, and for consideration due a suit is instituted, how can the plaintiff be called upon to contribute for the decree amount and costs from his share of the profits, as it were where the responsibility for the capital is that of the defendants. ..... act permits the holder of a permit, with the permission of the authority, to replace a condemned vehicle or a worn-out vehicle by another vehicle of the same nature and ..... the partnership, the surviving or remaining partner would pay the representatives of the partner so dying etc. ..... in the articles that in the event of one of the partners dying or becoming insane etc. .....

Thiru. R. Gandhi President, Madras Bar Association Vs. Union of India ...

Court : Chennai

Reported in : [2004]120CompCas510(Mad); (2004)2CompLJ274(Mad); 2004(2)CTC561; [2004]52SCL79(Mad)

..... - for the purposes of this section,-(a) 'chartered accountant' means a chartered accountant as defined in clause (b) of sub-section (1) of section 2 of the chartered accountants act, 1949 (38 of 1949) and who has obtained a certificate of practice under sub-section (1) of section 6 of that act ;(b) 'company secretary' means a company secretary as defined in clause (c) of sub-section (1) of section 2 of the companies secretaries act, 1980 (56 of 1980) and who has obtained a certificate of practice under sub-section (1) of section 6 of that act ;(c) 'cost accountant' means a cost accountant as defined in clause (b) of sub-section (1) of section 2 of the cost and works accountants act, 1959 (23 of 1959) and who has obtained a certificate of practice under sub-section (1) of section 6 of that act ;(d) 'legal practitioner' means an advocate, a vakil ..... of directors and managers whose liability is unlimited; the appointment of a official liquidator; furnishing of statement of affairs by the concerned authorities to the court; custody of company's property; supervision of the work of the official liquidator; constitution, composition and appointment of committee of inspection; stay of winding up proceedings; settlement of list of contributories and giving directions regarding application of assets; the power to make calls; power to exclude creditors not proving in time; adjusting the right of contributories; summoning of persons suspected of having property of company, etc. .....

M. Meyyappan Vs. Registrar of Companies

Court : Chennai

Reported in : [2002]112CompCas450(Mad)

..... provisions, namely section 233b of the act and the rules make it clear that if in the opinion of the central government it is necessary so to do in relation to any company to include in its books of account the particulars referred to in section 209(1)(d) of the act, the central government may by order direct that an audit of cost accounts of the company shall be conducted in such a manner, as specified in the order by an auditor, who shall be a cost accountant within the meaning of the cost and works accountants act, 1959. ..... on july 10, 1995, the cost accountant wrote another letter to the director (cost), department of company affairs, informing that as soon as he receives the cost records he will arrange to complete the cost audit work and submit his cost audit report without delay. ..... is no dispute that under section 233b of the act it is provided for an audit of cost accounts in certain cases. ..... under section 233b of the companies act, it is provided for an audit of cost accounts in certain ..... only point for consideration is, whether the petitioner has made out a case for interference by this court under section 633(2) of the companies act and relieve the petitioner from his liability in relation to the offence under section 233b of the act read with the cost audit (report) rules.7. ..... it is contended by the learned senior central government standing counsel that this court is not the appropriate authority, in the light of the said provision, i am unable to accept the said contention. .....

R. Dharuman and Another Vs. the Union of India, Rep by Its Secretary t ...

Court : Chennai

..... in view of the findings of the present study undertaken by institute of cost and works accountants of india and in exercise of powers conferred under para-30 of the tea (marketing) control order 2003 and with prior approval of central government, the tea board's earlier om no.12(23)/lc/ 2003/xii/3317 dated 19.01.2004 has been amended by the registering authority only in respect of nilgiri tea growing areas for fixation of minimum price ..... submitted by icwai, it was directed as follows:- "further to tea board's om no.12(23)/lc/ 2003/xii/3317 dated 19.01.2004 tea board engaged the institute of cost and works accountants of india to undertake another study during the year 2007 in relation to cost of production of tea leaf in small tea growers sector and cost of manufacturing made tea in bought leaf tea factories for all tea growing areas separately. ..... article 226 of the constitution of india praying for the issue of a writ of mandamus to direct the first respondent to exercise power under subsection (1) & (2) of section 30 of the tea act, 1953 to fix the minimum price of green tea leaf payable to the petitioners being small tea growers in the nilgiris, tamil nadu. ..... is only provisional and the icwai committee was required to submit the final report after completion of their study in other tea growing areas in india including kerala, assam, west bengal, tripura etc. ..... report after completion of the study in other tea growing areas in india including kerala, assam, west bengal, tripura etc. .....

Mohammed Muflih Vs. Competent Authority

Court : Chennai

..... by the appellant in writing to attend before the tribunal; or (b) a legal practitioner entitled to practise in any civil court in india, who is authorised by the appellant; or (c) an accountant, being an associate or fellow member of the institute of chartered accountants of india or the institute of cost and works accountants of india, who is authorised by the appellant; or (d) in relation to a competent authority who is a party to any proceeding before the tribunal a standing counsel to the government or a person duly appointed by the government by notification in the official gazette as the authorised representative ..... for failure to follow the procedure, if the party aggrieved is able to show failure of justice on account of non-compliance of the said procedure contemplated in the rules, then only, it can be a ground to interfere with ..... half share in respect of the first item of the property, which is the subject matter of these writ petitions, of course, it is true that a learned single judge of this court has ordered for an enquiry under section 18 of the act, but, it cannot be forgotten that the said half share was owned by the brother of mr.t.s.a.omer farook. ..... her, so far as the appellate tribunal is concerned, the procedure is governed by the ".smugglers and foreign exchange manipulators (appellate tribunal for forfeited property) rules, 1977". ..... mere failure to follow a procedure, without there being any resultant miscarriage of justice cannot be a ground to interfere with .....

Kottar Elankadai Musliem Samudhaya Trust Represented by the President, ...

Court : Chennai Madurai

..... for the reasons above stated, the questions of law 2 and 3 are answered in favour of the appellants / plaintiffs by holding that the demand for property tax under ex.a4 is not in conformity with the procedure contemplated under section 4 of the tamil nadu buildings (lease and rent control) act, 1960 and that the calculation of property tax by taking into account the entire land surrounding the building for the purpose of arriving at the annual rent value is ..... the notice shall be affixed to the notice board of the municipal office and on the same day be published in the municipality by beat of drum: provided that in every case where there is an enhancement in the assessment, the executive authority shall also cause intimation thereof to be given by a special notice to be served on the owner or occupier of the property concerned: provided further that, in every case where a special notice is required to be served on the owner ..... or occupier under the first proviso, the period of sixty days and thirty days referred to in this rule shall be calculated from the date of service ..... the working sheet found in ex.b1 shows that the municipality has fixed the cost of .....

Commissioner of Income-tax, Madras Vs. Modern theatres Ltd.

Court : Chennai

Reported in : [1963]50ITR548(Mad)

..... at the end of the accounting year the value of the film is estimated as 40% of the original cost and this 40% value is brought on the credit side as the closing stock value. ..... but the contention of the department is, which however is not reflected in the order of the tribunal, that the proviso to section 13 of the act is applicable, because the true profits and gains of the assessee are not deducible from the system of accounting maintained by the assessee. ..... there was a reference to this court, and the following question of law : 'whether in view of the uniform and consistent methods adopted by the assessee and accepted by the income-tax authorities in previous years of valuing the films at 40% of the cost in the first year in which the same was released for public exhibition, the income-tax authorities are entitled to change the said methods and value the film at cost reduced by a sum calculated on time basis at the rate of 60 per cent. ..... assessment to income-tax was made upon the company under case i of schedule d for the assessment years 1951-52, 1952-53, 1953-54, on the footing that the cost of work-in-progress should be arrived at by the 'on cost' method under which a proportion of indirect expenditure, that is, factory and office expenses, etc. ..... the appellate authority referred to the opinion of technicians in the matter and reached the conclusion that the life of positive prints does not exceed 300 shows under the best conditions and ordinarily it does not exceed 200 shows. .....

M/s. Abu Construction, rep.by its Proprietor Vs. The Commissioner, Att ...

Court : Chennai

..... far as clause (15) of the third respondent's financial bid, the third respondent, on 05.06.2015, had undertaken before the first respondent to carry out the said work at his own cost and it was also accepted, since the first respondent municipality stands to gain, as the third respondent has quoted 16.16% lower than the estimated rate of the petitioner, ..... submitted by the third respondent and another tenderer was proper, and whether it vitiates the entire tender process secondly, whether, after the financial bid was opened, it was open for the third respondent to state, that he will execute the work at his own cost, and, on account of inadvertence, he did not fill up the tender document completely and he should not be put ..... authority initially acted in a proper and fair manner while scrutinising the document, it appears to have subsequently turned volta face and accepted the letter of the third respondent, who agreed to execute the work, at his own cost ..... learned counsel for the petitioner also submitted, that the petitioner sought for certain information under the right to information act from the first respondent, and one of the questions was, whether any of the items could be left blank in the tender document, for which, the information officer of the ..... rules", which provides that "no changes, amendments which materially alter the tender prices shall be permitted after the opening of the tender, except as per the procedure prescribed in sub-section (3) of section 10 of the act". .....