"04 September 2021" Archive

ICAI writes Navbharat Times against wrongly attributing a Fraud to a CA

Based on our records we wish to clarify, that the said Ashish Tayal is not a Chartered Accountant and it has been wrongly reported that he is a Chartered Accountant in the said news item. By attributing such a fraud wrongly to a Chartered Accountant you have brought immense disrepute to the profession of Chartered Accountancy and tarnishe...

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Posted Under: CA, CS, CMA |

Exposure Draft of Revised Guidance Note on Division III – Schedule III to Companies Act, 2013

Exposure Draft of Revised Guidance Note on Division III – Schedule III to the Companies Act, 2013 for NBFC that is required to comply with Ind AS by Corporate Laws & Corporate Governance Committee ICAI EXPOSURE DRAFT OF GUIDANCE NOTE ON DIVISION III – SCHEDULE III TO THE COMPANIES ACT, 2013 FOR NBFC THAT IS […]...

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Posted Under: CA, CS, CMA |

Exposure Draft of Revised Guidance Note on Division I – Non Ind AS Schedule III to Companies Act, 2013

Exposure Draft of Revised Guidance Note on Division I – Non Ind AS Schedule III to the Companies Act, 2013 by Corporate Laws & Corporate Governance Committee ICAI EXPOSURE DRAFT OF REVISED GUIDANCE NOTE ON DIVISION I – NON IND AS SCHEDULE III TO THE COMPANIES ACT, 2013 (Revised September 2021 Edition) (Last date for […]...

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Posted Under: CA, CS, CMA |

Exposure Draft of Revised Guidance Note on Division II – Ind AS Schedule III to Companies Act, 2013

Exposure Draft of Revised Guidance Note on Division II – Ind AS Schedule III to the Companies Act, 2013 by Corporate Laws & Corporate Governance Committee ICAI EXPOSURE DRAFT OF REVISED GUIDANCE NOTE ON DIVISION II – IND AS SCHEDULE III TO THE COMPANIES ACT, 2013 (Revised September 2021 Edition) (Last Date for Comments: Septem...

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Posted Under: CA, CS, CMA |

Interim Protection against Section 148 Notice by MP High Court

Jagadish Kumar Basantani Vs ITO Bhopal and Others (Madhya Pradesh High Court)

Jagadish Kumar Basantani Vs ITO Bhopal and Others (Madhya Pradesh High Court) Regard being had to the similitude of the questions involved, on the joint request of the parties, the matter is being heard on the question of admission and interim relief. Learned counsel for the petitioner submits that the petitioner has challenged the Consti...

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MP High Court Stays RBI Circular For Controlling Urban Cooperative Banks

Mahanagar Nagrik Sahakari Bank Maryadit Vs Union of India And Others (Madhya Pradesh)

Mahanagar Nagrik Sahakari Bank Maryadit Vs Union of India And Others (Madhya Pradesh) Reserve Bank of India Circular Dated 25th June 2021; related to RBI control over Urban Co-Operative Banks; Stayed by Hon’ble MP High Court Jabalpur. While hearing a writ petition challenging constitutionality of Banking Regulation (Amendment) Act, 2020...

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CBIC needs to clarify on applicability of GST Audit for the year 2020-21

On 30 of July, 2021 the GST Council notified about the same through Notification No. 29/2021, as the date of applicability of Section 110 and 111 of the Finance Act, 2021 will be 1 of August, 2021. i.e. form 1 of August, 2021....

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Posted Under: CA, CS, CMA |

Filing of Board Resolution by Private Companies- Section 179(3)(c)- Clarification Needed

Proviso to Rule 14(8) as amended by the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018 and  Notification No. GSR 464(E) dated June 5, 2015 are contradict to each other. Therefore, a clarification from MCA is much needed....

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Posted Under: CA, CS, CMA |

Financial Due Diligence

What is Due Diligence & Need for Due Diligence Due diligence is the investigation or exercise of care that is normally expected to take before entering into an agreement or contract with another party so as to ensure that all risks have been disclosed and all opportunities are on the table before the commercial deal […]...

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Posted Under: CA, CS, CMA |

Quick Steps to file ITR 2021, Due Date & Importance

Income Tax Return (ITR) is a form which a person is supposed to submit to the Income Tax Department of India. It contains information about the person’s income and the taxes to be paid on it during the year. Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and […]...

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Posted Under: CA, CS, CMA |

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