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Archive: 16 May 2024

Posts in 16 May 2024

Frequently Asked Questions on KYC Norms for Securities Market

May 16, 2024 1929 Views 0 comment Print

Learn about KYC norms for the securities market with SEBI’s FAQs. Understand the process, benefits, and requirements for compliance.

IFSCA Report on Non-Resident Business Development & Registration Simplification

May 16, 2024 1053 Views 0 comment Print

Explore the strategic development of NRI business in GIFT IFSC, benchmarking global financial centers, and enhancing ease of registration.

UPVAT Section 29 reassessment is limited to matters directly impacting turnover assessment or tax liability

May 16, 2024 1689 Views 0 comment Print

Allahabad HC: UPVAT Act section 29(7) allows reassessment for turnover, tax rates, deductions, or exemptions, not ITC. ITC is separate from turnover; it can’t solely trigger reassessment.

ICAI Reprimands CA for accepting Audit Despite Pending Fees of Predecessor

May 16, 2024 807 Views 0 comment Print

ICAI’s Disciplinary Committee reprimands CA Kaushal Kishor Singh for professional misconduct, citing failure to communicate with previous auditor and non-compliance with guidelines on outstanding fees.

ICAI Reprimands CA for failure to communicate with previous auditor

May 16, 2024 645 Views 0 comment Print

The ICAI Disciplinary Committee has reprimanded CA. Kumar Jee Kandroo and fined him Rs. 35,000 for professional misconduct, including failing to communicate with the previous auditor.

CA Reprimanded by ICAI for accepting Audit without proper NOC

May 16, 2024 687 Views 0 comment Print

ICAI Disciplinary Committee reprimands CA Rahul Singh for professional misconduct, including accepting an audit without proper NOC and violating Companies Act provisions.

ICAI Reprimands CA for ITR Verification Lapses

May 16, 2024 549 Views 0 comment Print

ICAI reprimands CA Narinder Singh and imposes ₹25,000 fine for professional misconduct in ITR verification for bank clients, citing lack of due diligence.

ICAI Suspends CA for for failing to maintain Statutory audit records

May 16, 2024 897 Views 0 comment Print

ICAI suspends CA Pawan Gupta for one month for failing to maintain audit records, violating SA 230 and professional standards in a statutory audit.

ICAI Suspends CA for Failing to Disclose Material Facts & Falsified Financial Statements

May 16, 2024 6489 Views 0 comment Print

The ICAI Disciplinary Committee has removed CA N Narasimhan from membership for six months, citing professional misconduct as statutory auditor of Reebok India Company.

ICAI Reprimands CA for Certifying Wrong STK-2, Violating Companies Act

May 16, 2024 507 Views 0 comment Print

ICAI’s Disciplinary Committee reprimands CA Jayshankar Mishra for certifying inaccurate Form STK-2 and violating Companies Act provisions.

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