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RBI issues Guidelines for import of gold under 20:80 scheme

May 21, 2014 2339 Views 0 comment Print

Star Trading Houses / Premier Trading Houses (STH/PTH) which are registered as nominated agencies by the Director General of Foreign Trade (DGFT) may now import gold under 20:80 scheme subject to the following conditions:

RBI – Need for Bank Branches / ATMs to be made accessible to persons with disabilities

May 21, 2014 1129 Views 0 comment Print

We have been receiving several suggestions from members of public through Government of India and otherwise, on facilitating easy access to bank branches and ATMs by persons with disabilities for undertaking day to day banking transactions. We have examined such suggestions.

CAs cannot undertake assignment of audit & accounting work together for same entity

May 21, 2014 4760 Views 0 comment Print

It has come to the knowledge of some members that certain entities , while inviting tenders for services of chartered accountants for the assignment of statutory audit , are mentioning accounting and book keeping related works in the scope of works required to done by the auditor.

Delegation of powers under section 458 of Companies Act 2013 to ROCs

May 21, 2014 11401 Views 0 comment Print

Central Government hereby delegates to the Registrar of Companies, the power and functions vested in it under the following sections of the said Act, subject to the condition that the Central Government may revoke such delegation of powers or may itself exercise the powers and functions under the said sections, if in its opinion, such a course of action is necessary in the public interest, namely: –

Delegation of powers u-s 153 and 154 of Companies Act 2013 to RD Noida

May 21, 2014 2952 Views 0 comment Print

. In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), and in supersession of the notification of the Government of India, Ministry of Corporate Affairs. published in the Gazette of India, Extraordinary,

Delegation of powers under section 458 of CA 2013 to Regional Directors

May 21, 2014 1363 Views 0 comment Print

Central Government hereby delegates to the Regional Directors at mumbai, Kolkata, Chennai, Noida, Ahmedabad, Hyderabad and Shillong, the power and functions vested in it under the following sections of the said Act, subject to the condition that the Central Government may revoke such delegation of powers or may itself exercise the powers under the said sections, if in its opinion such a course of action is necessary in the public interest, namely

Loans & Investments under Companies Act, 2013

May 21, 2014 96753 Views 0 comment Print

CA Praveen Mittal Provisions related to Loans and Investments under Companies Act, 2013 General Powers of board With respect to borrowing of Monies – the board of directors of the company are empowered to borrow monies by means of resolution passed at a meeting of the Board. Such power of the Board may also be […]

One Person Company – Concept, Incorporation , Compliance requirement

May 20, 2014 8198 Views 0 comment Print

The concept of one Person Company in India is brought from the foreign countries. This is brought into India for the smooth running and to form a new legal entity by an individual. Before applicability of the Companies act 2013, an individual legally can form only his sole proprietorship in India and no other option remain to him.

Exposure Draft of ASLB on 'Financial Reporting under Cash Basis of Accounting' for public comments

May 20, 2014 1198 Views 0 comment Print

As you would kindly be aware that the Institute of Chartered Accountants of India (ICAI), in the year 2005, constituted the Committee on Accounting Standards for Local Bodies (CASLB) with the primary objective of formulation of the Accounting Standards for Local Bodies (ASLBs).

ICAI launches portal to handle activities relating to Exam Observers

May 20, 2014 2193 Views 0 comment Print

Observers Portal-CA Examinations May/June 2014. – (20-05-2014) A web portal, http://observers.icaiexam.icai.org has been developed and put in place, for handling the activities relating to Observers, for the Intermediate (IPC), Final and Post qualification course (IRM) examinations to be held in May/June 2014.

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