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Archive: 10 August 2015

Posts in 10 August 2015

Import from China affecting 12 product groups in MSMEs

August 10, 2015 1172 Views 0 comment Print

The Indian Micro, Small and Medium Enterprises (MSMEs) are facing tough competition from cheap Chinese products as is evident in high growth of India’s imports from China. As per information compiled from Director General of Commercial Intelligence & Statistics in respect of 12 major product groups

OECD takes further steps to putting an end to offshore tax evasion

August 10, 2015 686 Views 0 comment Print

07/08/2015 – The OECD today releases three new reports to help jurisdictions and financial institutions implement the global Standard for automatic exchange of financial account information. Common Reporting Standard Implementation Handbook (the CRS Handbook): this first edition provides practical guidance to assist government officials and financial institutions in the implementation of the Standard. It sets […]

CA Certificate not required for certain remittances: Govt

August 10, 2015 20704 Views 6 comments Print

Government has recently modified the Foreign Exchange Management (Current Account Transactions) Rules, 2000 and the Liberalized Remittance Scheme (LRS) for resident individuals for further liberalizing the existing guidelines. Accordingly, all resident individuals, including minors, are allowed to freely remit upto USD 2,50,000

ICAI President's Message – August 2015

August 10, 2015 376 Views 0 comment Print

ICAI Takes Serious View of Members’ Affidavits in respect of Delayed Filing of Clients’ Appeal. ICAI for Speedy and Effective Disposal of Disciplinary Cases. ECI Looks up to ICAI to Empower Auditors of Political Parties. ICAI Action on C&AG Report on Performance Audit.

Non-Comliance of Companies Act by IPL Teams

August 10, 2015 2174 Views 0 comment Print

Registrar of Companies (ROCs) were directed to examine documents under Section 234 of the Companies Act, 1956 in the year 2010. ROCs examined documents of the companies located within their jurisdictions and certain violations of the provisions of the Companies Act, 1956 were noticed in some cases as per details in Annexure.

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