The Ministry of Corporate Affairs, on the request of the Professional Institutes, decided to re-open the registration process of CFCs and decided to allow enrollment of more CFCs so that the involvement of professional in XBRL filing and peak filing can be expanded to a large extent. The registration process is re-opened for a period of 2 months from October 1, 2011.
IMPORTANT NOTE: PCE (Professional Competence Examination) candidates should note the changed sequence of papers (as given in the time table printed on reverse of Admit Card) for November, 2011 examinations and that the examination for Group-I will commence on 2nd November,2011 and Group-II will commence on 06th November, 2011. Further all the IPCE UNIT candidates should check that their admit card is for the applicable Unit, otherwise they should inform the Institute in writing requesting for correction and should appear only in papers of respective Unit.
The Institute has already released the revised Guidance Note on CAS-4 and requested for comments / suggestions on the same upto 10th October 2011. Based on the request of the members it has been decided to extend the last date for submission of the comments up to 31st October 2011. The Draft is available on the website of the Institute i.e. www.icwai.org.
India will continue to allow 100% Foreign Direct Investment for new ventures in the pharma sector. The decision was taken at a high level meeting chaired by Prime Minister Dr Manmohan Singh to discuss the FDI policy in drugs and pharmaceutical sector held in New Delhi last night. An official release said, the move will facilitate addition of manufacturing capacities, technology acquisition and development of the pharma sector in the country.
Another caveat on legislative practices, particularly subordinate legislation and executive policy decisions and the decision making process, which is amenable to judicial review by courts is that, it is high time that subordinate legislations in the form of notifications issued by Executive should give the preamble, context, brief reasons and background and particularly defining their prospective a retrospective applications, should be adopted like statement of objects and reasons and memorandum explaining provisions are given with legislative Bills, so that the judicial review becomes an effective exercise and one liner amendments like the notification dated 28.04.2006 in the present case, which have far reaching consequences are not allowed to become missile attacks on the budding industries.
Bhilwara CTO challenges tax rate on aluminum conductors. Jodhpur High Court clarifies misreading, upholds 10% tax. Learn more about the case.
Government of India has decided to extend interest subvention of 2% on rupee export credit with effect from April 1, 2011 to March 31, 2012 on the same terms and conditions to the following sectors: Handicrafts, Handlooms, Carpet, Small and Medium Enterprises (SMEs).
I am directed to say that a number of representations have been received in the Ministry to the effect that the Registrar of Companies and the Registrar of LLPs are incorporating the companies and LLPs in contravention to the provisions of the Architect Act, 1972 that the Council of Architect (CoA). In terms of Sections 36 and 37 of the Architects Act, 1972 as well as Rules and Regulations framed thereunder only an architect registered with the Council of Architecture or a firm of Architects (a partnership firm under the Partnership Act, 1932, comprising of all registered architects) can represent itself as an architect or use the title and style of architect of practicing the profession of an Architect in India with the exception of a landscape architect and naval architect. The matter is under examination in consultation with the Department of Legal Affairs.
Process to Start Limited Liability Partnership Step 1:- Acquire the DPIN of desired Partners Step 2:- Acquire the Digital Signature of one of the desired Partner Step 3:- Registered DPIN and DSC with LLP website Step 4:- Check the availability of name from which partners want to make LLP
This document aims to facilitate the preparation and filing of XBRL financial reporting data. It provides guidance on the preparation, filing, and validation of financial statements prepared in eXtensible Business Reporting Language (XBRL) format on the MCA portal.
