The bank invites CA firms for conducting a concurrent audit of its Mumbai treasury operations, ensuring compliance with RBI guidelines and strengthening internal controls and risk management.
MCA introduces a detailed point system for empanelment of CA firms/LLPs, assessing partners, employees, experience, qualifications, and professional track record to ensure competent auditors for companies and statutory bodies.Selection of Auditors Tied to Firm Capacity and Experience
The Court ruled that reassessment could not be initiated based on audit objections containing factual errors and overlooking prior accepted depreciation. The decision underscores that reopening must be based on proper evaluation of facts, not mere audit remarks.
The ROC held that a one-day delay in filing Form PAS-3 violated Section 42(8), attracting penalty under Section 42(9). The company and its directors were collectively fined Rs. 500, apportioned individually.
Several unmanufactured and stemmed tobacco varieties are assigned a 70% rate under the amended schedule. The updated structure consolidates rates across product types for clarity and consistency.
Bill outlines a capacity-based cess on machines and processes used to manufacture specified goods, with revenue aimed at national security and public health. It details compliance, verification, enforcement, and appeals mechanisms.
The Bill updates the Manipur GST Act to mirror amendments made to the Central GST Act through the Finance Act, 2025. It ensures uniformity across GST laws and replaces the earlier Ordinance.
ICAI achieved a Guinness World Record by guiding 6,166 students in one session, providing comprehensive career advice across multiple streams and global opportunities.
The adjudicating authority penalised a company and its directors for failing to disclose allottees’ PAN in Form PAS-3. The order enforces compliance with Rule 14(6) and Section 450 of the Companies Act, 2013.
The RBI has introduced comprehensive credit reporting norms for Small Finance Banks to ensure standardized, timely, and accurate borrower data. The framework strengthens transparency, SHG reporting, and data quality monitoring.
