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Reinstating Fair Value Option (Amendments to Ind AS 40, Investment Property)

June 12, 2018 1149 Views 0 comment Print

Following is the Exposure Draft of changes proposed in Ind AS 40, Investment Property, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

Long-term Interests in Associates and Joint Ventures (Amendments to Ind AS 28)

June 12, 2018 570 Views 0 comment Print

Following is the Exposure Draft of Long-term Interests in Associates and Joint Ventures (Amendments to Ind AS 28) issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

Prepayment Features with Negative Compensation (Amendments to Ind AS 109, Financial Instruments)

June 12, 2018 858 Views 0 comment Print

Following is the Exposure Draft of Amendments to Ind AS 109, Financial Instruments, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India for comments.

Plan Amendment, Curtailment or Settlement (Amendments to Ind AS 19, Employee Benefits)

June 12, 2018 927 Views 0 comment Print

Following is the Exposure Draft of the Amendments to Ind AS 19, Employee benefits, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India for comments.

Annual Improvements to Ind AS (2018) (Corresponding to Annual Improvements to IFRS Standards 2015–2017 Cycle issued by IASB)

June 12, 2018 822 Views 0 comment Print

Following is the Exposure Draft of Annual Improvements to Ind AS (2018) issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

Fee and other Expenses for Corporate Insolvency Resolution Process

June 12, 2018 11625 Views 0 comment Print

When a corporate debtor undergoes corporate insolvency resolution process (CIRP), an Insolvency Professional (IP) is vested with the management of its affairs and he manages its operations as a going concern. He complies with the applicable laws on behalf of the corporate debtor. He conducts the entire CIRP.

Insolvency and Bankruptcy Code- Recent Regulatory Changes

June 12, 2018 4206 Views 0 comment Print

Dr. M. S. Sahoo, Chairperson accompanied by all three Whole Time Members, Ms. Suman Saxena, Dr. Navrang Saini and Dr. (Ms.) Mukulita Vijayawargia appeared before the Joint Committee on “the Financial and Resolution and Deposit Insurance Bill, 2017” on 22 January, 2018 and presented their views on the said Bill.

Applicability of GST on transactions between Employer and Employee- A Detailed Analysis

June 11, 2018 20742 Views 1 comment Print

There must be supply (sale, transfer, barter, exchange, lease, rental, license or disposal ) of goods or services or both (Goods are defined to include every movable property except money and securities and services on the other hand is defined as everything other than goods, money and securities)

RBI releases draft guidelines on Loan System for Delivery of Bank Credit

June 11, 2018 1467 Views 0 comment Print

The Reserve Bank of India today released draft guidelines on loan system for delivery of bank credit which stipulate a minimum level of ‘loan component’ in fund based working capital finance and a mandatory Credit Conversion Factor (CCF) for the undrawn portion of cash credit/ overdraft limits availed by large borrowers, with a view to enhancing credit discipline among large borrowers.

SOP regarding Export Promotion Schemes Management & Monitoring Cell

June 11, 2018 3177 Views 0 comment Print

The following standard operating procedure is notified regarding Export Promotion (EP) Schemes Management & Monitoring Cell which has been notified vide P.N. No. 91/2018, dated 30.05.2018.

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