"15 January 2015" Archive

Role of Audit Committees in Financial Conglomerates

We all know that in addition to the Management, companies also need a governance framework primarily with a view to preserving the shareholder value. There are some major landmarks that defined the role of Audit Committees in augmenting the Governance aspects in companies. ...

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Posted Under: Fema / RBI |

Importance of Failure…

Every CA Story starts with CPT and ends with Membership of ICAI. Chartered accountancy is one of the best professional courses in India & it’s a great honour to be a Chartered Accountant. The dawn of the New Year, the month of results has also come. ...

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Posted Under: Fema / RBI |

How to get 10 Hours of CPE Credit of unstructured learning for 2014 & 2015

One can claim the CPE hours for Unstructured learning by filing a Self Declaration Form with the ICAI after the end of every calendar year.Current Block for Compliance of CPE Hour is from 01.01.20111 to 31.12.2013. ...

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Posted Under: Fema / RBI |

Notification No. 10/2015-Customs (N. T.) Dated: 15/01/2015

Notification No. 10/2015-Customs (N. T.) (15/01/2015)

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the ...

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Public Notice No. 82 (RE-2013/2009-14, Dated: 15.01.2015

Public Notice No. 82 (RE-2013/2009-14 (15/01/2015)

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby makes the following correction in the Public Notice No. 52 dated 25.02.2014....

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SEBI (Prohibition of Insider Trading) Regulations, 2015

Notification No. LAD-NRO/GN/2014-15/21/85. (15/01/2015)

In exercise of the powers conferred by section 30 read with clause (g) of sub-section (2) of section 11 and clause (d) and clause (e) of section 1 2A of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board ...

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CA Final Nov,14, CPT Dec,14 & ISA Exam Result on 19.01.2015

Result of the Chartered Accountants Final Examination held in November, 2014 and Common Proficiency Test (CPT) held in December, 2014 are likely to be declared on Monday, the 19th January, 2015 ...

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Posted Under: Fema / RBI |

How to Compute Basic Wages for Employee Provident Fund

ITEMS INCLUDED IN BASIC WAGES BASIC WAGES – HOW TO CONSTRUE The expression ‘basic wages’ has to receive an interpretation which would achieve the object of the enactment. The Act has to be considered in its proper perspective and contextual so as to fructify the legislative intentions underlying the enactment. If two views are possi...

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Posted Under: Fema / RBI |

All about Employee 'Provident Fund'

Employees Provident Fund (EPF/PF) is normally referred to as a retirement plan for employees. 12% of the basic wages, dearness allowance and retaining allowance, if any, payable to employees per month is deducted from employee’s salary and 12% is contributed by the employer....

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Posted Under: Fema / RBI |

Employees Provident Fund – FAQs

What is the Contribution for Provident Fund both by the Employer & Employee?: The Employee contributes 12% of his /her Basic Salary & the same amount is contributed by the Employer.Is it Compulsory for the all the employees to contribute to the Provident Fund?...

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Posted Under: Fema / RBI |