Vide notification dated 16 May 2023, the government deleted the above-mentioned exception. It included the payments by use of an International Credit Card for making payment by a person towards meeting expenses while such a person is on a visit outside India within the ambit of LRS.
The Ministry of Corporate Affairs (MCA) through its notification on 11th February 2022 issued a circular regarding the due date for filing Form CSR-2 for the financial year 2022-23. This notification introduced an amendment to Rule 12(1B) of the Companies (Accounts) Rules, 2014.
The Government of India through gazette notification dated March 07, 2023 and September 04, 2023, amended the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, inter-alia, to revise the thresholds for determining the beneficial ownership.
As per SEBI Regulation SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November 2018 Large Corporates means all those listed Entities
RBI issued a circular no. CO.DOS.RPD.No.7534/33-06-001/2023-24 dated January 01, 2024 requiring all Non-Banking Financial Companies (NBFCs) to file the applicable returns on new Centralized Information Management System (CIMS) platform.
Here are some potential trends that could shape the future of the chartered accountant profession:
In 2024 and onwards, AI will become a significant player in various industries, including accountancy. Accountants must manage the potential impact of AI, especially in client data security and the reliability of AI tools.
AI's potential dangers are increasing as it becomes more sophisticated and widespread. Geoffrey Hinton, the "Godfather of AI," and tech leaders like Elon Musk have urged a pause on large AI experiments
The Institute of Chartered Accountants of India (ICAI) has issued several FAQs regarding PMLA (Prevention of Money Laundering Act) reporting for its members.
Certifying certificates is a responsibility that Chartered Accountants (CAs) take seriously. Here are some general do's and don'ts to consider
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)