ICAI has set up Committee for Review of Education and Training (CRET) and members of committee have invited suggestions. Following are my suggestions Article ship period should be bifurcated into 2 parts. 2 years of Articleship, then 1 year time for preparation for CA Final and 9 months of mandatory Industrial training Post Qualifying Institute […]
Q.1 What is Startup India? Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower startups to grow through innovation […]
In view of the COVID-19 pandemic and in order to address the emergency situation by increasing the provision of secure and reliable vaccinations, the National Expert Group on Vaccine Administration for Covid-19 found some guidelines on the supply of Covid-19 Vaccine. The CDSCO will process those proposals for Restricted Use in Emergency Situations on the […]
WHAT IS A MEMORANDUM OF UNDERSTANDING (MOU)? A Memorandum of understanding (MOU) is a formal and a written agreement between parties under which their aligned intentions are expressed. Additionally, this sort of paper outlines the purpose of a common course of action. A Memorandum of understanding (MOU) can be bilateral (between two parties) or multilateral […]
As per the provisions of Section 406(1) of the Companies Act, 2013, ‘Nidhi Company’ means a ‘company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit’. Therefore, we can say […]
Income shall not include : a) which applied for Specified* purpose and 15% of Income accumulated from such property. b) where part of income from charitable or religious trust ,registered prior to this Act, such part of income applied for purpose and 15% of part of income accumulated. c) where income applied outside India for […]
With its increased focus on financial planning & analysis, cost control and decision support, Profession of Cost and Management Accountant (CMA) is growing with aspiration to move from “counter of wealth” to “creator of wealth and influencer of strategy.” CMA is the leading global management accounting qualification that delivers both intrinsic benefits of confidence, a […]
Background: In the Union Budget 2021-22, presented on 1st February 2021, the Finance Minister announced an outlay of INR 1.97 Lakh Crores for the Production-Linked Incentive (PLI) Schemes for 13 key sectors, to create national manufacturing champions and generate employment opportunities for the country’s youth. This means that minimum production in India as a result […]
This article deals with filing of RNI return with Registrar of Newspapers for India by the newspaper publishers. Common questions asked by the newspaper publishers has been answered in the article. Q1- Is it mandatory to file RNI return? Ans- Yes, It is mandatory to file the RNI return. It is not optional in nature. […]
The Companies (Acceptance of Deposits) Rules were introduced by the Government of India in 2014, which have been amended from time to time to ease the acceptance of deposits. This article deals with the conditions and rules regarding the acceptance of deposits by companies. APPLICABILITY Applicable on all companies except: a banking company; a non-banking […]
