CA, CS, CMA - Can a Practicing Chartered Accountant become Director in a Company? One of the most common question indeed! Q1. Can a Practicing CA become a director in a company? Yes. Q2. Is prior approval required to be obtained from Council by practicing CA to become a director in a company? Yes, in case of holding of […]...
Read MoreCA, CS, CMA - STARTEGIC USE OF TECHNOLOGIES – AI and ML for Professionals- By CS Haresh Jani and CA Vikram Pandya & ANALYSIS OF IMPACT OF TECHNOLOGY ON PROFESSIONALS By CS Amita Desai CS Haresh Jani initiated the session at IMC organized by Manoyog GRC Advisors Private Limited. He explained in brief the advantages and use of Technology. […...
Read MoreCA, CS, CMA - We all must be cautious and take adequate measures to keep ourselves protected. We all should 1. Avoid handshakes with anyone 2. Wear masks while going out of our homes or whenever a guest visits our home, no matter who ever he/she is. Also wear masks if you have a maid coming to your house. Make masks out of a handkerchief or some ...
Read MoreCA, CS, CMA - Diversification of jobs in Accountancy has resulted in increased demand for account professionals. Due to this, the Institute of Chartered Accountants of India (ICAI) revised the pattern of the CA course in 2017 and gave an option of selecting New or Old Syllabus to the students for studies. The students are actively choosing the new [&he...
Read MoreCA, CS, CMA - ICAI has announced ‘Client KYC Norms’ mandatory w.e.f. 1 Jan. 2017 for compliance by ‘Members in Practice’ The ICAI has announced ‘Client KYC Norms’ mandatory w.e.f. 1 Jan. 2017 for compliance by ‘Members in Practice’ for maintaining requisite documentation/ information about the Clients. These norms shall apply in all ass...
Read MoreCA, CS, CMA - ICAI requested CBIC to include a column for mentioning UDIN in all the forms related to their department. It is to be noted that CBDT has already assured ICAI to include UDIN in all its Audit Report and Certification from 1st April, 2020. UDIN curbs the malpractices of misrepresentation of Chartered Accountants’ services and forgeri...
Read MoreCA, CS, CMA - ICAI submitted to CBIC that The system of providing separate login id to the Chartered Accountant is working very smoothly under Income Tax whereas Offline facility available under GST has some shortcoming like error in applying DSC, long time for uploading Audit File. Accordingly, your goodself is requested to adopt this system of separa...
Read MoreCA, CS, CMA - The Central Bureau of Investigation has arrested an Income Tax Officer; an Inspector, both posted at Nagaur (Rajasthan) and a Chartered Accountant in a bribery case of Rs. 4 lakh....
Read MoreCA, CS, CMA - Bank of Baroda- Request for Proposal- Appointment of Concurrent Auditor for carrying out Concurrent Audit of Specialized Integrated Treasury Branch (SITB) Mumbai, Treasury of erstwhile Vijaya Bank & Treasury of erstwhile Dena Bank for period of -12- months from 01.04.2020 to 31.03.2021 ...
Read MoreCA, CS, CMA - Cotton Corporation of India Ltd. Aurangabad invites sealed tenders in two-bid system from Chartered Accountants Firms for appointment as Internal Auditors for undertaking the Internal Audit work at Branch Office. Detailed terms and conditions can be had from CCI website www.cotcorp.org.in and Govt. Tender Portal i.e. www.eprocure.gov.in L...
Read MoreAshok A Jain Vs Director (Discipline), ICAI (Appellate Authority of ICAI) - Ashok A Jain Vs Director (Discipline) (Appellate Authority of ICAI) Now coming to the question if this Board Resolution satisfies the requirement of Rule 3 (4) of the Rules. It has been contended on behalf of the Appellant that this Resolution is a general Resolution in favour of Simon Tippet and no...
Read MoreLakshmi Satyanarayana Dutt Tadikonda Vs Union of India & Ors. (Delhi High Court) - Lakshmi Satyanarayana Dutt Tadikonda Vs Union of India & Ors. (Delhi High Court) In the given case, the petitioner is seeking the withdrawal of the Look Out Circular (LOC) issued against him and no other prayer has been pressed during the course of the arguments by the Ld. Sr. counsel for the ...
Read MoreNittin Johari Vs SFIO (Delhi High Court) - Since offences pertaining to the non-disclosure of the documents which were required under Indian Accounting Standards (IndAS) alleged against assessee- chartered accountant were serious in nature which involved fraud to the tune of several crores and the offence being an economic one which affected...
Read MoreCBI Vs Devendra Chaturvedi (Special Court for CBI At Greater Bombay) - CBI Vs. Devendra Chaturvedi (Special Court for CBI at Greater Bombay) In nutshell, it is the allegation against accused that they conspired to cheat the Income Tax Department and in collusion with each other during the relevant period accused No.1 prepared income tax returns with the assistance of a...
Read MoreFresh and Honest Cafe Limited Vs DCIT (Karnataka High Court) - In a recent case of M/s. Fresh and Honest Cafe LTD. V. The Deputy Commissioner [Ct] and Anr. (Karnataka High Court) , a ruling was stated by Justice S. Sujatha (Karnataka High Court) that stats that any mistake said to have been committed by a learned CA in filing VAT Form 240 will not be seen as an...
Read MoreNotification No.1-CA(7)/192/2019 - (02/08/2019) - A member of the Institute in practice shall generate Unique Document Identification Number (UDIN) for all kinds of the certification, GST and Tax Audit Reports and other Audit, Assurance and Attestation functions undertaken/signed by him which made mandatory from the following dates through announce...
Read MoreCI-I/ICAI/UDINI - (11/03/2019) - Unique Document Identification Number is an 18 Digit Number randomly generated through the UDIN portal on a predefined algorithm. The portal is available at https://udin.icai.org/ with exhaustive FAQs. ...
Read MoreNotification No. 54-EL(1)/15/2018 - (24/12/2018) - THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 24th December, 2018 (Chartered Accountants) No. 54-EL(1)/15/2018.—In pursuance of Rule 36 of the Chartered Accountants (Election to the Council) Rules, 2006, the Council of the Institute of Chartered Accountants of India i...
Read MoreMisc/PRG/LE-8/2018 - (12/11/2018) - After comprehensive review of the aforesaid news-item, ICAI, being a regulator of the profession of Chartered Accountants had taken up the matter and verified its records and found that Madhusudan Pandey is not a Chartered Accountant as his name does not appear in the Register of members maintained ...
Read MoreNo3A-45011/15/2018-Admn.1 - (11/07/2018) - Ministry proposes to engage a total number of 80 Young Professionals (41 Chartered Accountants/Cost Accountants and 39 Company Secretaries) at different places as indicated at enclosed Annexure....
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Trideep Raj Bhandari Vs ICAI (Delhi High Court) -
Ashok A Jain Vs Director (Discipline), ICAI (Appellate Authority of ICAI) -
Lakshmi Satyanarayana Dutt Tadikonda Vs Union of India & Ors. (Delhi High Court) -