npa norms

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ICAI issues mandatory KYC norms for its members


ANNOUNCEMENT OF KYC NORMS All the members of Institute of Chartered Accountants of India ICAI who are in practice are hereby informed that the Council has formulated the Know Your Client KYC norms at its 356th Meeting held on 29th 30th June and 1st July 2016 KNOW YOUR CLIENT KYC NORMS The financial

Applicability of Amendments for Nov 2016 Final Exams


Applicability of Standards Guidance Notes Legislative Amendments etc for November 2016 Final Examination Paper 1 Financial Reporting I Framework for the Preparation and Presentation of Financial Statements II Accounting Standards AS No AS Title 1 Disclosure of Accounting Policies 2 Valuation of Inve

Easing of Compliance Norms Under Companies Act


After commencement of various provisions of the Companies Act 2013 and rules thereunder various issues received from Industry Chambers and stakeholders were examined in consultation with stakeholders In order to address the issues received certain rules have been amended The compliance norms whereve

Appointment of Central Statutory Auditors in PSBs


Norms on Eligibility Empanelment Selection of Central Statutory Auditors in PSBs Detailed information has been attached herewith

FM asks bankers to work in professional manner


Finance Minister asks the Bankers to Work in a Professional Manner Without any Fear or Favour FM Directs Bankers to Increase flow of Credit to Various Sectors and take Steps to Reduce their NPA Says That Global Growth is Patchy but Foreign Investors Showing Keen Interst in Investing in India The Uni

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Experts Opinions

Npa


Wen is asset said to be npa When it is overdue for 90 days ya 6mnths

Npa classification for bank audit


Under what are the situations that an SME advances can be classified as NPA

kyc norms in purchase of gold


Sir I want to know whether purchase of gold jewellery of any value requires kyc And same to be informed to income tax department by a Jeweller

Unpaid tds on immovable property read more at: http://www.c


Dear All My Name is Sandip Sawant i m Indian but Non Resident in India for last 4 Years i did t filed Income Tax Return I have purchased property of Rs 75 Lakhs and till date i have paid approx Rs 52 Lakhs slabwise payment I did not know about TDS on immovable property till date i didn t pay TDS on

Nbfc norms


sir 31 march 2016 k liye NBFC norms kya h provision and period for classification please reply

Discussion

Nbfc non systemically important prudential norms

Dear All If one of the group companies is a systamically important company means NBFC not acceptingpublic deposits and having total assets of Rs 500 crores and more as shown in last audited balance sheet Then the other group company which is NBFC doesnt meet the criteria of the above can it be consi

Npa

When is asset said to be npa When its is overdue for 90days ya 6mnths

Formation of Group to suggest norms for making Co-options in non-standing Committees

Council Aaffairs M 626 2016 17th January 2017 ALL MEMBERS OF THE COUNCIL Madam Dear Sir The President in terms of the authority given to him by the Council at its 351st meeting held on 12th February 2016 has constituted a Group to suggest norms for making Cooptions in non standing Committees with th

NRI FEMA norms in FDI

A Person of Indian Origin major shareholder in a Private Limited Company later in 2015 gets NRI of a tax heaven country he is also engaged in Business in foreign nation Before 2015 being a Resident Indian he submitted Annual Performance Reports of Overseas Direct Investments in Foreign Country under

How can we regularize npa loan

I had borrowed an Education Loan for my undergraduate course and after that i had pursued CS I didnt have proper income to pay back the education loan The loan was borrowed in 2007 I finished undergrad in 2010 and CS in 2016 june However the bank has treated the said education loan as NPA How can i

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Unpaid or Unclaimed Dividend


The word Dividend has origin from the Latin word Dividendum It means a thing to be divided Dividend means the portion of the profit received by the shareholders from the companys net profit which is legally available for distribution among the members Therefore dividend is a return on the share capi


Unpaid/ unclaimed dividend


The word Dividend has origin from the Latin word Dividendum It means a thing to be divided Dividend means the portion of the profit received by the shareholders from the companys net profit which is legally available for distribution among the members Therefore dividend is a return on the share capi


Ganpati bring GST early next year


Arjuna Fictional Character Krishna we celebrate Ganpati festival with full of joy enthusiasm President of India as well as state government of many states has accepted the GST due to this its easier for GST to be implemented in our country The last days of this festival are coming By giving Ganpati


NPA in banks - Causes and solutions


Dear friends Now a days we all are facing a crucial issue of NPA of all public sector banks Many large banks including SBI PNB have reported huge NPA of their industrial clients Govt has been making efforts for solving the issue changing laws issuing directives etc but it seems that everybody is try


How to reduce NPA?


We all know that NPAs of banks are on ever rising mode and no matter how hard government tries it cannot do much in order to clear the balance sheet of banks Every business have certain inherent risks fortunately or unfortunately for banks inherent risk is non recovery of loans given and inherent ri


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Updated on : 3/24/2017 7:17:09 AM


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