CAclubindia News

ICAI welcomes amendment related to fraud reporting in Companies Bill 2014

19 December 2014 at 10:41

The Companies Act, 2013 had specified a new reporting requirement for the statutory auditors of companies. Under Section 143(12) of the Companies Act, 2013 the auditor was required to report on frauds/ suspected frauds in certain situations laid down

Posted in Corporate Law | 2 comments | 22296 Views

Lok Sabha passes Companies (Amendment) Bill 2014

18 December 2014 at 11:42

Lok Shabha passes Companies (Amendment) Bill 2014

Posted in Others | 1 comments | 25254 Views

Launch of 100 Hours Advanced ITT Course

18 December 2014 at 11:29

As per Regulation 29(c)(iv) of the Chartered Accountants Regulation 1988, students who have registered for Practical Training on or after August 1st, 2012 were required to complete Advanced IT Training before admission to the Final Examinati

Posted in Students | 10 comments | 23418 Views

Illustrative Audit Engagement Letter under Companies Act, 2013

18 December 2014 at 11:29

FOR THE ATTENTION OF THE MEMBERS ILLUSTRATIVE FORMATS OF THE ENGAGEMENT LETTER FOR AUDIT OF FINANCIAL STATEMENTS UNDER THE COMPANIES ACT, 2013 AND THE RULES THEREUNDER The Auditing and Assurance Standards Board is issuing the

Posted in Corporate Law | 1 comments | 22032 Views

Percentage of Govt Grant for considering university, hospital as substantially financed by the Government

17 December 2014 at 10:19

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SEC. 3, SUBSECTION(ii)]MINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONINCOME-TAXNew Delhi, the 12th December, 2014 S.O. 3168 (E). In exercis

Posted in Income Tax | 13872 Views

Relief to Members of J & K for payment of Membership/COP

17 December 2014 at 10:19

The Council, having regard to the devastating flood in the state of Jammu & Kashmir in the month of September, 2014, has decided that the membership fee and Certificate of Practice fee for the year 2014-15 in respect of members residing in the St

Posted in Others | 2 comments | 12099 Views

Promotion of MDP Firms

17 December 2014 at 10:18

The Institute of Chartered Accountants of India (ICAI), The Institute of Company Secretaries of India (ICSI) and The Institute of Cost Accountants of India (ICoAI) have had inconclusive deliberations regarding a framework for allowing Multi-Disciplin

Posted in Others | 1 comments | 11154 Views

EPFO moves to Accrual Accounting

16 December 2014 at 11:23

The Institute of Chartered Accountants of India (ICAI) through its research arm, ICAI Accounting Research Foundation (ICAI ARF) signed an MoU with Employee's Provident Fund Organisation (EPFO) on December 11, 2014. As per the MoU, ICAI ARF will u

Posted in Others | 15633 Views

Ten Crore Aadhaars Linked to Bank Accounts

16 December 2014 at 11:22

A major milestone has been crossed with ten (10) crore Aadhaar numbers having been linked to bank accounts of Aadhaar holders so far a part of Governments Digital India mission. This would enable these individuals to digitally receive governme

Posted in Others | 4 comments | 16521 Views

Extension of RTGS time window to 8 pm

16 December 2014 at 11:22

RBI/201415/352DPSS (CO) RTGS No. 1064 / 04.04.002 / 2014-15December 15, 2014The Chairman / Managing Director / ChiefExecutive Officer of participants of RTGSMadam / Sir,Extension of RTGS time windowIt has been the endeavour of the Reserve Bank

Posted in Others | 7 comments | 21486 Views