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Restoration of Membership/COP of ICAI

March 29, 2020 11367 Views 0 comment Print

You are hereby, requested to kindly file online Form 9/Form 101 for restoration of Membership/COP to avoid any chance of discontinuance of Membership/COP on the Self Service Portal (SSP) through the following link (click here) latest by 31st March 2020.

Impact of Coronavirus on Financial Reporting & Auditors Consideration

March 29, 2020 7284 Views 0 comment Print

ICAI is concerned about the impact of Coronavirus disease (known as COVID-2019 or COVID-19) on the health of people worldwide as well as on the state of economy and commerce of the world in general and on India specifically. COVID­19 was first reported to the World Health Organisation (WHO) in December 2019 and it has […]

ICAI: Impact of Coronavirus on Audit of Financial Statements

March 29, 2020 8526 Views 1 comment Print

The global pandemic COVID-19 has already had a significant impact on global trade and economy with consequential impact on global and Indian financial markets. This may also have accounting, disclosure, internal control and auditing implications for many entities. There is a great deal of uncertainty as to how the COVID-19 situation will continue to evolve […]

Changes in Branch Names of Merged PSU Banks from April 1, 2020

March 28, 2020 4254 Views 1 comment Print

RBI issues Press Rleases on 28.03.2020 specifying that Branches of Allahabad Bank to operate as branches of Indian Bank from April 1, 2020, Branches of Andhra Bank and Corporation Bank to operate as branches of Union Bank of India from April 1, 2020, Branches of Oriental Bank of Commerce and United Bank of India to […]

Advance to EPF members in crisis situation emerging due to COVID-19 pandemic

March 28, 2020 2628 Views 2 comments Print

The Covid-19 has been declared a Pandemic by Government of India for the entire country and therefore the members of the EPF have become eligible for the benefits of non-refundable advance under the sub-para 68(3)(L) which has come into force vide Ministry of Labour, Govt of India Notification GSR 225 (E) dated 27.03.2020 as published in the Gazette of India (Extraordinary) Part II- Section 3-sub section (1) on 28.03.2020.

Draft IBBI (Insolvency Professionals) (Amendment) Regulations, 2020

March 28, 2020 633 Views 0 comment Print

1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2020. (2) They shall come into force on the 28th March, 2020.

Govt notifies annual quota for fiscal year 2020–21 for Peas, Moong, Tur

March 28, 2020 1938 Views 0 comment Print

Central Government hereby notifies the annual quota for the fiscal year 2020–21 for Yellow Peas, Grean Peas, Moong (Beans of the SPP Vigna Radiata (L.) Wilczek) and Tur/Pigeon peas (Cajanus cajan). MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 28th March, 2020 S.O. 1225(E).—In exercise of powers conferred by section 3 […]

Summary of recent Notification/ Circular/ Advisories Issued by MCA

March 28, 2020 4542 Views 2 comments Print

Notification/ Circular/ Advisories Issued by the Ministry of Corporate Affairs in view of COVID-19 outbreak 1. Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary measures to […]

Print out of Final Bill of Entry– A Facilitation Measure During breakout of COVID-19

March 27, 2020 8766 Views 0 comment Print

As per the current practice, the importers or their representatives have to queue up before the CMC Service Centre, JNCH, to collect the print out of the out of charged Bills of Entry.

Request for Waiver of Late Fee Charges in Bills of Entry via e-mail

March 27, 2020 5229 Views 0 comment Print

Request for Amendments and Waiver of Late Fee Charges in the Bills of Entry through e-mail procedure as facilitation during outbreak of COVID-19-reg

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