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Review of Chartered Accountants Act, 1949: Public Comments Invited

May 10, 2024 15054 Views 0 comment Print

Participate in the review of rules under the Chartered Accountants Act, 1949. Submit your suggestions to the Ministry of Corporate Affairs before the deadline.

Amendment in FTP: Import Provisions for Quality Control Orders

May 10, 2024 1443 Views 0 comment Print

Learn about the latest amendment enabling import of QCO subjected inputs by Advance Authorisation holders, EOU, and SEZ. Details in Public Notice No. 04/2024-25-DGFT.

Professional Misconduct: CA Deviates from Assignment Requirements, Causing Loss

May 9, 2024 1488 Views 0 comment Print

CA Solanki failed to work in line with the requirements of the assignment and deliberately adopted a different methodology, causing loss to the complainant. Consequently, the Committee determined that Solanki’s actions constituted professional and other misconduct.

Company Fails to Maintain Required Registers at Registered Office: MCA Imposes Penalty

May 9, 2024 1308 Views 0 comment Print

Subam Benefit Fund Nidhi Ltd fined ₹3.5 lakh for failing to maintain member registers as per Section 88 of the Companies Act, 2013.

Deficiencies in audit work: ICAI imposes Penalty on CA

May 9, 2024 2394 Views 0 comment Print

Disciplinary Committee found CA. Keshav Vishwanath Chaubey guilty of professional misconduct for various deficiencies in his audit work. Despite the respondent’s personal difficulties, the Committee determined that his actions constituted a breach of professional standards and warranted disciplinary action.

Failure to verify maintenance of cost records: ICAI imposes penalty on CA

May 9, 2024 3147 Views 0 comment Print

Dive into the detailed order by the Disciplinary Committee of the Institute of Chartered Accountants of India against CA. Sachin Rajnikant Parekh for professional misconduct.

Non-reporting of SARFAESI action against client in audit report: ICAI warns CA

May 9, 2024 1194 Views 0 comment Print

Explore the detailed order by the Disciplinary Committee of the Institute of Chartered Accountants of India against Ravish Shashikant Maniyar for professional misconduct.

Additional Requirements for Finance Company as Ship Leasing Lessor

May 8, 2024 711 Views 0 comment Print

IFSCA issued a circular dated May 8, 2024, addressing finance companies registered with IFSCA for ship leasing activity. The circular outlines additional requirements for carrying out permissible activities under the ‘Framework for Ship Leasing.’

ICAI Disciplinary Committee Ruling against a CA & six CA firms affiliated with PwC

May 8, 2024 5037 Views 0 comment Print

The ICAI Disciplinary Committee imposes penalties on Neeraj Kumar Gupta for professional misconduct. Read the detailed analysis of the 2024 verdict.

Yellow Pea Imports Free from MIP & Port Restrictions till October 31, 2024

May 8, 2024 1179 Views 0 comment Print

Get details on the extension of import period for Yellow Peas under ITC (HS) Code 07131010 by the Government of India. Read Notification No.12/2024-25-DGFT here.

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