"12 May 2016" Archive

Examiners to appoint Checkers; Centralised empanelment discontinued: ICAI

The examination process inter alia includes a procedure of having the answer books checked, after evaluation by examiners, by Checkers to ensure that all answers have been evaluated, marks awarded have been carried forward to the cover page of the answer books and that the totalling of marks is correct....

Read More
Posted Under: CA, CS, CMA |

Decoding the Insolvency & Bankruptcy Code, 2016

Insolvency is a situation where individuals or companies are unable to repay their outstanding debt. It may be resolved by changing the repayment plan of the loans, or writing off part of the debt. If insolvency cannot be resolved, assets of the debtor may be sold to raise money, and repay the outstanding debt....

Read More
Posted Under: CA, CS, CMA |

Credit Supply for Large Borrowers through Market Mechanism

The Reserve Bank of India today placed on its website the Discussion Paper (DP) on Framework for enhancing Credit Supply for Large Borrowers through Market Mechanism. Absence of an overarching ceiling on total bank borrowing by a corporate entity from the banking system has resulted in banks collectively having very high exposures to some...

Read More
Posted Under: CA, CS, CMA |

Income Declaration & Direct Tax Dispute Resolution Scheme 2016

The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Bill 2016 and The Direct Tax Dispute Resolution Scheme 2016 incorporated as Chapter X of the Finance Bill 2016 are expected to come into force on the 1st of June, 2016 after the Finance Act 2016 receives the Presidential assent....

Read More
Posted Under: CA, CS, CMA |

ICAI committee to decide on Number of VP, Council Term & Restriction of 3 terms

The President, in terms of the authority given to him by the Council at its 351st meeting held on 12th February, 2016 has constituted a Group for review of existing term of the Council. The following are the Terms of Reference of the Group:- To review and make recommendation to the Council in the matter of:- Term of the Council, Restrict...

Read More
Posted Under: CA, CS, CMA |

Understanding of GST & Benefits of GST implementation

Main objective of GST is to consolidates all indirect tax levies into a single tax except customs (excluding SAD),replacing multiple tax levies overcoming the limitations of existing indirect tax structure and creating efficiencies in tax administration....

Read More
Posted Under: CA, CS, CMA |

Rajya Sabha passes Insolvency and Bankruptcy Code, 2016

Today is a historical day for economic reforms in India when the Rajya Sabha passed the major economic reform Bill moved by the Government i.e. Insolvency and Bankruptcy Code, 2016. This is considered as the biggest economic reform next only to GST. The Lok Sabha had earlier passed the Bill on 5th May, 2016....

Read More
Posted Under: CA, CS, CMA |

Duties & Responsibilities of Directors: Companies Act, 2013

The Companies Act, 2013 (hereinafter as the Act) is certainly a very innovative and landmark legislation in respect of the duties and responsibilities of the directors. In this regime, the roles and duties of the directors attained significant expansion. The Act has introduced several measures which have the effect of considerably enhanci...

Read More
Posted Under: CA, CS, CMA |

What must do to convert your idea into A Startup Model

You may have noticed that not every startup can raise funds or attract investors; the reason is simple that a startup usually doesn’t understand all that is involved in doing a business, be it a business plan or creating a marketing strategy or even the day to day compliance requirements. The current market analysis has also showed that...

Read More
Posted Under: CA, CS, CMA |

FEM (Exports of Goods and Services) Regulations, 2015

RBI/2015-16/395 A.P. (DIR Series) Circular No.68 [(1)/23(R)] (12/05/2016)

On a review it is felt necessary to revise the regulations issued under the Foreign Exchange Management (Exports of Goods and Services) Regulations, 2000 as amended from time to time. Accordingly, in consultation with the Government of India, the said regulations have been repealed and superseded by the Foreign Exchange Management (Export...

Read More

Search Posts by Date

January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031