Community & General News

Budget Session of Parliament to commence from 7th of July

The Budget Session of Parliament will commence from 7th of next month. A press communiqué issued by the Rajya Sabha Secretariat states that subject to exigencies of business, the Session is scheduled to conclude on Thursday, the 14th of August

RBI announces Timelines for Regulatory Approvals and Citizens’ Charter for Delivery of Services

The Reserve Bank of India (RBI) today released on its website the ‘Timelines for Regulatory Approvals’ and ‘Citizens’ Charter’ for delivery of services as part of implementation of the non-legislative recommendations of

Guidelines for Preparation of Outcome Budget 2014-2015

Guidelines for Preparation of Outcome Budget 2014-2015 Please refer the attached file

Request for Nomination for 8th ICAI Award 2014

Decision of the ICAI Central Council regarding various Malicious Emails being received by ICAI and its functionaries.

The Council of the Institute of Chartered Accountants of India (ICAI), at its 329th (Adjourned) meeting held on 4th January, 2014, while taking note of various malicious emails being circulated in various fora has decided that:The member(s) of ICAI s

CIMA Elects New President

Keith Luck FCMA, CGMA is the new President of the Chartered Institute of Management Accountants (CIMA), the world’s largest professional body of management accountants. He was elected at its annual general meeting on 7 June. Mr. Luck brings ov

Compulsory CS appointment for Companies having more than 5 crore paid up capital

Appointment of Company Secretaries under Rule 8 Please find the attached file.

One Documentary Proof of Address - RBI further simplifies KYC Norms for Bank Accounts

RBI/2013-14/634DBOD.AML.BC. No. 119/14.01.001/2013-14June 9, 2014 The Chairperson/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir/ Madam, Know Your Customer (KYC) Norms/Anti-Money

Regular Budget for FY 14-15 to be presented in July

Regular Budget for FY 14-15 to be presented in July Please finf the attached file.

Liberalised Remittance Scheme (LRS) for resident individuals-Increase in the limit from USD 75,000 to USD 125,000

RBI/2013-14/624A.P. (DIR Series) Circular No.138June 3, 2014 To All Category I Authorised Dealer Banks Madam/Sir, Liberalised Remittance Scheme (LRS) for resident individuals-Increase in the limit from USD 75,000 to USD 125,000 Attention of A