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Accounts News



No.M-626/08/MAF&PWC/2018    ALL MEMBERS OF THE COUNCIL Madam/Dear Sir, Sub.: Constitution of a Group to examine the issues arising out of the Judgement dated 23.02.2018 of the Hon’ble Supreme Court in the matter of operation of Multinational Accounting Firms in India ..

Posted in Accounts  1 comments |   754 Views



FM inaugurates the National Conference on Insolvency and Bankruptcy :Changing Paragdigm in Mumbai  Creditors and Debtors perspective –Striking the balance  “The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley said that since the Insolvency and Ba..

Posted in Accounts  1 comments |   1527 Views



Relevant part of MAT-Ind AS Committee Report dated 17th June, 2017 containing recommendations regarding amendment to the provisions of the section 115JB of the Income-tax Act, 1961 in respect of Ind AS Compliant Companies. Under Ind AS, there are certain transactions with shareholders/related par..

Posted in Accounts |   1025 Views



As per the roadmap issued by the Ministry of Corporate Affairs (MCA) in February 2015, certain class of companies have to prepare their financial statements as per Indian Accounting Standards (Ind AS) which are converged with International Financial Reporting Standards (IFRS) w.e.f F.Y. 2016-17. MCA..

Posted in Accounts |   828 Views



International Accounting Standards Board (IASB) is seeking applications for vacancies in the Board  (A) IASB position summary: The International Accounting Standards Board is the independent standard-setting body of the IFRS Foundation. Members of the Board represent the best available co..

Posted in Accounts |   766 Views



The Road Map for implementation of Indian Accounting Standards (Ind AS) for commercial Banks (Banks), Insurance Companies (Insurers) and Non-Banking Financial Companies (NBFCs) was announced on 18/01/2016 and implementation schedule is drawn as follows:  (i) Banks (excluding Urban Cooperativ..

Posted in Accounts  1 comments |   4396 Views



RBI/2015-16/275 DCM (Plg) No.G-8/2331/10.27.00/2015-16 December 23, 2015 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks Primary (Urban) Co-operative Banks / RRBs Madam / Dear Sir, Withdrawal of all old series of Banknotes issued prior to 2005..

Posted in Accounts  2 comments |   6156 Views



The Council, at its Special (347th) meeting, held on October 14, 2015, has decided to withdraw the following five Guidance Notes on Accounting as the same are no longer relevant in the present day context in view of the requirements of the Companies Act, 2013: GN(A) 3 (Issued 1982) – Gui..

Posted in Accounts  3 comments |   6956 Views



RBI/2014-15/517 DPSS.CO.CHD.No./1776/03.01.02/2014-2015 March 26, 2015   The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks/ Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative B..

Posted in Accounts  1 comments |   5045 Views



The Institute of Chartered Accountants of India (ICAI) notes with great pride that the Government has accepted its recommendations with regard to the roadmap for implementation of Indian Accounting Standards (Ind AS) for companies other than banking companies, insurance companies and NBFCs. ICAI had..

Posted in Accounts  10 comments |   8240 Views


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