Exposure Draft of changes proposed in Ind AS 7, Statement of Cash Flows, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.
How should the terms ‘infrequent number of sales’ or ‘insignificant in value’ be interpreted and determined. Can indicative rebuttable thresholds be prescribed for sales that are more than insignificant in value?
List of Associations whose FCRA registration was valid till 31/10/2016 and have not applied renewal by 30/06/2016. Their validity of registration deemed expired from 01/11/2016.
The Directors of a company function and exercise most of their powers at periodical meetings of the Board. The meeting to be vaild has to comply with the provisions of the Companies Act 2013
The CVC has exhorted all Ministries/Departments / Organisations to encourage their customers/public and corporates /entities/ firms etc. to take Integrity Pledge.
To amend Section 42(4) of the Model GST Act in such a manner that the term ‘audit of accounts’ should be replaced with the words ‘compliance report’ and the GST Practitioner, Advocate, Cost Accountant, Company Secretary and Chartered Accountant be allowed to certify the said ‘compliance report’.
Rate of exchange of conversion of foreign currency WEF 04th November, 2016 notified vide Notification No.136/2016-Customs (N.T.)
Banks are permitted to raise funds through issuance of rupee denominated bonds overseas for the following purposes: Perpetual Debt Instruments (PDI) qualifying for inclusion as Additional Tier 1 capital under the extant Basel III Capital Regulations
Government, to allow Indian banks, within the limit set for foreign investment in corporate bonds (INR 244323 crore at present), to issue: Perpetual Debt Instruments (PDI) qualifying for inclusion as Additional Tier 1 capital and debt capital instruments qualifying for inclusion as Tier 2 capital, by way of Rupee Denominated Bonds overseas; and
Whole of the late fee payable by any dealer, who files any return for any of the periods starting from 1st April 2016 to 30th September 2016 shall be exempted, if such return is filed on or before the 15th November 2016.
