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Major Achievements of MCA for September, 2016

October 18, 2016 1513 Views 0 comment Print

The Ministry vide notification no. G.S.R. 2843(E), dated 01.09.2016 has notified certain designated Special Courts with the concurrence of the Chief Justice of the High Courts of Chhattisgarh, Rajasthan, Punjab and Haryana, Madras and Manipur, for providing speedy trial of offences punishable with imprisonment of two years or more under the Companies Act, 2013.

ICSI advisory on suspension of WIRC Chairman & Secretary

October 18, 2016 2335 Views 1 comment Print

The Council in its 238th (adjourned) meeting held on Saturday, the 17th September, 2016 noted various serious and grave financial and other irregularities and non-compliances committed at WIRC including non-approval of annual accounts and non-holding of annual general meeting.

MCA staff to submit Income Tax calculations for F.Y. 2016-17

October 18, 2016 2449 Views 0 comment Print

Cash Section is in the process of calculation of Income Tax for the financial year 2016­17. In view of this, all the officers/members of the staff, whose annual income exceeds Rs.2,50,000/- are requested to furnish the information in the enclosed proforma (Annexure-I,II &III)

ICAI admits revision of marks by its Examination Committee

October 18, 2016 32434 Views 10 comments Print

It is seen that upon receipt of certified copies of answer books, some candidates notice that in some papers, marks awarded to them on the answer books are at variance with those on the statement of marks issued to them and seek clarifications.

Guidance note on Audit of Consolidated Financial Statements

October 17, 2016 13757 Views 1 comment Print

17.10.2016 Guidance Note on Audit of Consolidated Financial Statements (Revised 2016) issued by the Auditing and Assurance Standards Board – (17-10-2016) 1. The Council of the Institute of Chartered Accountants of India had issued Accounting Standard (AS) 21 ‘Consolidated Financial Statements’ which was subsequently notified as a part of the Companies (Accounting Standards) Rules, 2006 […]

Senior Citizens Welfare Fund (Amendment) Rules, 2016

October 17, 2016 4159 Views 2 comments Print

Government herby makes the following rules to amend the Senior Citizens’ Welfare Fund Rules, 2016, namely:- 1. (1) These rules may be called the Senior Citizens’ Welfare Fund (Amendment) Rules, 2016.

Deemed demerger of Company ceased to be public sector company

October 17, 2016 3061 Views 0 comment Print

Reconstruction or splitting up of a company which ceased to be a public sector company as a result of transfer of its shares by Central Govt into separate companies, shall be deemed to be a demerger if following conditions are fulfilled

DRI seizes 21 kg Gold & Cash of Rs 6.44 crore

October 17, 2016 2566 Views 0 comment Print

DRI) makes seizure of about Rs 12.91 crore including 21 kg Gold worth Rs. 6.47 crore, and Indian Currency notes worth Rs 6.44 crore

Likely Status of GST Bill – Whether Money Bill or Finance Bill?

October 17, 2016 10978 Views 4 comments Print

Ashok Kumar Chopra The  101 Constitutional Amendment Bill 2016 which is very popularly known as 122nd Constitutional Amendment Bill as passed by Rajya Sabha on 3rd August 2016 after waiting for more then a year when it was sent to it for passage. Certainly this day has become a red letter day in the history […]

How to Use SUMIFS – Advance Excel

October 17, 2016 22081 Views 4 comments Print

Article explains Excel SUMIFS function in 5 different scenario from basic to advance. SUMIFS formula extends abilities of SUMIF function

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