As you may be aware, the International Accounting Standards Board (IASB) has issued certain new IFRSs and revised some others recently. The new/revised IFRSs/IASs would be applicable from January 2013. Further, the date of applicability of Indian Accounting Standards (Ind ASs) is yet to be notified by the Ministry of Corporate Affairs. In view of the above and considering the fact that if Ind ASs become applicable from 2012, the companies would apply them for the year 2012-2013 only and the new Standards would become applicable to them from the year 2013, we have recently considered and approved the recommendations on the revised roadmap for the applicability of the Ind ASs, convergent with the IFRSs, and sent the same to the Government for its consideration.
From ICAI President's Message - October 2011 - (30-09-2011)
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For ICWAI Members
Re-opening of Certified Filing Centre Scheme under MCA21
A Cost Accountant in practice, who fulfills the eligibility and qualifications criteria, may apply to the Institute on line athttps://members.icwai.org/members/mca21/ for a certificate to act as CFC Manager by paying a fee of1000/- (Rs. One thousand only).A Cost Accountant in practice who is already holding certificate under old CFC Scheme launched in 2006 is required to renew his/her certificate by paying renewal fee of500/- (Rs. Five hundred only) and applying afresh.
Members may note that this scheme is extension of CFC Scheme re-launched by MCA on 1st July, 2010 that remained valid till 30th November, 2010. The cost accountants who are already acting as CFC under this scheme need not apply again.
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