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Archive: 06 January 2015

Posts in 06 January 2015

ICAI’s way forward for Implementation of Ind AS

January 6, 2015 1638 Views 0 comment Print

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 recommended this roadmap to the Ministry of Corporate Affairs (MCA) in […]

Corporate risk management – Brief Analysis

January 6, 2015 4321 Views 0 comment Print

Corporate Risk Management is the essence of bigger organisation in long run. If the business is able to manage it’s financial and operating risk in the effective manner it mean that it made it. CRM is a institutionalize approach which begins from laying down the process from identification of the risk to its mitigation. Many […]

ICAI – One Time Amnesty Scheme for restoration of Membership

January 6, 2015 6089 Views 0 comment Print

With a view to mitigate the hardships being faced by members whose names stand removed as on date due to non-payment of membership fee, the Council has decided to give an opportunity by way of General Amnesty Scheme one time dispensation for restoration of their names retrospectively.

Non-resident guarantee for non-fund based facilities entered between two resident entities

January 6, 2015 480 Views 0 comment Print

It is clarified that under the provisions of aforesaid Circular, residents that are subsidiaries of multinational companies can also hedge their foreign currency exposure through permissible derivative contracts executed with an AD Category – I bank in India on the strength of guarantee of its non-resident group entity.

How to carry jewellery abroad & bring them back

January 6, 2015 45020 Views 3 comments Print

Passenger should bring with him four copies of a detailed packaging list incorporating the item wise details of each item of jewellery mentioning the particulars necessary for the identification of the items at the time of re-import, such as S.No., description of the item, B.I.S. number, purity, number of pieces of each item, gross weight of each item, net weight of gold/silver in terms of 0995/.999

Review of policy on FDI in Pharmaceutical Sector – carve out for medical devices

January 6, 2015 573 Views 0 comment Print

Ministry of Commerce & Industry Press Release Dated 06-January, 2015 Press Note No. 2 (2015 Series) – Review of the policy on Foreign Direct Investment (FDI) in Pharmaceutical Sector- carve out for medical devices 1.0    Present Position: 1.1 Paragraph 6.2.18 of ‘Consolidated FDI Policy Circular of 2014’, effective from April 17, 2014, relating to Foreign […]

​CBDT Declares Wednesday as ‘Public Meeting Day – Acche din aa gaye!

January 6, 2015 2715 Views 0 comment Print

As a part of Prime Minister’s ‘Good Governance Day’ promise to provide an “open and accountable administration’ it has been decided that all field offices of the Income Tax Department will observe Public Meeting Day ‘ during 10.00 AM to 1.00 PM every Wednesday to listen to and try to resolve the grievances of the members of the public.

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