Wednesday 23 May 2012

  • The SEBI Act, 1992
  • The SC(R)A, 1956
  • The Depositories Act, 1996
  • The Companies Act, 1956.
  • The Banking Regulation act,1949
  • The Reserve Bank of India Act,1934
  • The Income Tax Act 1961
  • The Finance Act, 1994
  • The Contract Act, 1872
  • The Transfer of Property Act, 1882
  • The Sale of Goods Act, 1930
  • Securitisation and Reconstruction of Financial Assets And Enforcement of Security Interest (SARFAESI) Act, 2002
  • Foreign Exchange managenment act,2000
  • Prevention of money laundering Act,2002
  • The Insurance Regulation And Regulation Act,
These were the acts to be followed for the finance

HR acts as there are many these were followed accordingly on the basis of the company
  • The Trade Unions Act,1926 And The Trade unions (Amended) Act 2001
  • The Industrial  Employment (Standing Orders) Act 1946
  • The Industrial Disputes act, 1947
  • The payment of wages act,1936
  • the minimum wages act, 1948
  • the workmen compensation act 1923
  • EMPLOYEES' STATE INSURANCE ACT, 1948
well to the side of the accounting,
the recording and summarizing is done by passing  journal entries and ledgers as you all know how they are passed by basing on the principles of accounting and then to Trail balance, P&L, & Balance sheet. They are all done and reported as prescribed by the Institute of Chartered Accountants of  India.

In the financial management it deals with mostly with the Depreciation & Taxes and Now on we would discuss with it

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