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ICAI Penalises CA for omission of cash flow statement in AOC-4 filing

June 26, 2024 378 Views 0 comment Print

ICAI’s Disciplinary Committee imposed a ₹25,000 fine on CA Uttam Kumar Chauhan for professional misconduct related to an AOC-4 filing error.

ICAI Fines CA for Misstatements in NBFC Audit

June 26, 2024 678 Views 0 comment Print

ICAI imposes ₹25,000 fine on CA Uttam Kumar Chauhan for misstatements in NBFC audit, including fabrication of cash flow and revenue inconsistency.

ICAI Fines CA for Failing to Qualify Audit Report

June 26, 2024 3894 Views 0 comment Print

ICAI penalises CA Jeetendra Kumar Amar ₹25,000 for issuing a clean audit report despite unverified product advances, breaching professional standards.

AOC-4 submission without Cash flow statement: ICAI Penalizes CA

June 26, 2024 384 Views 0 comment Print

ICAI found CA Anand Chauhan guilty of misconduct and imposed a ₹25,000 fine. Non-payment may lead to temporary removal from members’ register.

New Goods Notified Under Securities Contracts Regulation

June 26, 2024 1140 Views 0 comment Print

Ministry of Finance updates the list of goods under Securities Contracts (Regulation) Act, 1956, including cereals, oilseeds, spices, metals, and more as of June 26, 2024.

SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2024

June 26, 2024 1548 Views 0 comment Print

SEBI announces amendments to Foreign Portfolio Investors Regulations 2024, impacting investment limits and conditions for NRIs and overseas citizens.

DGFT amends Procedure and Eligibility under Tariff Rate Quota Scheme

June 26, 2024 2223 Views 0 comment Print

Explore the latest DGFT amendment on TRQ Scheme procedures and eligibility criteria under Para 2.57 and 2.58 of the Handbook of Procedures 2023.

DGFT allows Additional areas of operation to 19 existing Pre-Shipment Inspection Agencies

June 26, 2024 1584 Views 0 comment Print

DGFT Public Notice 12/2024-25: Immediate expansion of agency operations in Appendix 2G of Foreign Trade Policy 2023. Read for detailed policy updates.

Time of Supply for Spectrum Usage and Similar Services under GST

June 26, 2024 2316 Views 0 comment Print

CGST Circular clarifies GST time of supply for spectrum usage services under deferred payment option, ensuring uniform application across field formations.

Place of Supply for Custodial Services Provided by Banks to Foreign Portfolio Investors

June 26, 2024 1386 Views 0 comment Print

CGST Circular clarifies place of supply for custodial services provided by banks to Foreign Portfolio Investors, ensuring uniform application of GST provisions.

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