CAclubindia News

SEBI issues guidelines to Control Black Money in Share Market

11 August 2018 at 17:48

Securities and Exchange Board of India (SEBI), vide circular dated April 27, 2007, has mandated that PAN would be the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction.Sche

Posted in Income Tax | 4101 Views

SFIO arrests MD of Bhusan Steel in connection with Investigation into affairs of the Company

10 August 2018 at 10:55

Serious Fraud Investigation Office (SFIO) arrests Mr. Neeraj Singhal in connection with investigation into the affairs of Bhushan Group of CompaniesMr. Neeraj Singhal, erstwhile Promoter and Managing Director of Bhushan Steel Limited was arrested by

Posted in Corporate Law | 3 comments | 4443 Views

Cabinet approves MoU between ICAI and CPA Canada

10 August 2018 at 10:55

Cabinet approves signing of MoU between India and Canada on collaboration among Chartered Accountant InstitutionsThe Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the signing of the "Memorandum of Understanding (MoU)&qu

Posted in Professional Resource | 7 comments | 10116 Views

Postponement of First Examination of Practical Training

09 August 2018 at 17:12

The Council has decided to assess students after completion of first and second year of practical training with online MCQ based tests. The students completing their 1st/ 2nd year of practical training in a particular quarter of a year would be eligi

Posted in Students | 6 comments | 23427 Views

Awards for CAs associated with SMEs by ICAI

09 August 2018 at 10:57

The Institute of Chartered Accountants of India (ICAI), established 70 years ago, by an Act of the Indian Parliament, continues its operation as the Single Largest Statutory Accounting body of the world. ICAI stands on Four Pillars – Regulator,

Posted in Professional Resource | 3912 Views

RBI to issue guidelines for Audit of Banks

08 August 2018 at 11:09

With regard to Statutory Audit, Reserve Bank of India (RBI) has informed that it has issued Guidelines for appointment of Statutory Central Auditors (SCAs) and Statutory Branch Auditors in Public Sector Banks (PSBs), which covers the norms on eligibi

Posted in Audit | 5526 Views

Income Tax Notices issued for assets holdings by NRIs

08 August 2018 at 11:09

Income Tax Notices have been issued by the Income Tax Department and the Enforcement Directorate. In respect of Income Tax Department, assesses including, non-resident assesses are served notices/summons consequent to the initiation of various procee

Posted in Income Tax | 3651 Views

Action on those Converting Black Money into White during Demonetization

08 August 2018 at 11:09

Appropriate action by the Income-tax Department (ITD) and other Law Enforcement Agencies has been taken against those involved in the misuse of the Scheme of Demonetization.Such actions by the Income-tax Department included among others, conducting s

Posted in Income Tax | 1 comments | 9324 Views

SFIO investigating 21 cases in 2017-18

08 August 2018 at 11:09

SFIO investigating 21 cases in 2017-18;RoCs and RDs assigned 119 cases to investigate in 2017-18;Various Courts levy penalty of Rs 5,90,909 in last three years in casesUnion Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chau

Posted in Community & General | 3882 Views

CSPM issues notices to 272 Companies on CSR Compliance

08 August 2018 at 11:09

Centralised Scrutiny and Prosecution Mechanism sends notice to 272 companies on CSR compliance for FY 2015-16Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary said in Rajya Sabha today that the Ministry has estab

Posted in Corporate Law | 3687 Views