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Withdrawal of FAQs on Revised Schedule VI to Companies Act, 1956

April 25, 2017 4893 Views 0 comment Print

ICAI withdraws Frequently Asked Questions on the Revised Schedule VI to the Companies Act, 1956 as issued by the Corporate Laws & Corporate Governance Committee in May, 2012.

Prepayment Features with Negative Compensation: Proposed amendments to IFRS 9

April 25, 2017 1083 Views 0 comment Print

Exposure Draft issued by IASB on Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9) is for comments only. Comments on the Exposure Draft need to be received by May 15, 2017.

ICSI launches academic helpline for cs students

April 25, 2017 2925 Views 0 comment Print

The Institute of Company Secretaries of India (ICSI) is taking various initiatives for the continued growth of CS Profession and its increased recognition, awareness and trust amongst the Corporates, Regulators and Government. In it’s pursuit of professional excellence

Apply for Common Proficiency Test to be held on 18th June, 2017: ICAI

April 23, 2017 3991 Views 0 comment Print

Common Proficiency Test, an entry level test for the Chartered Accountancy course, is held twice a year in the month of June and December. The forthcoming Common Proficiency Test is scheduled to be held on 18th June, 2017 (Sunday).

Exposure Draft of Guidance Note on Division II- Ind AS Schedule III

April 23, 2017 2817 Views 0 comment Print

Request to give comments/ suggestions on the Exposure Draft of the Guidance Note on Division II- Ind AS Schedule III to the Companies Act 2013 by 30th April, 2017

Issues related to anti-Lawyer ‘Advocates (Amendment) Bill, 2017’

April 22, 2017 3573 Views 0 comment Print

At the outset the Bar Council of India would like to make it clear that the independence and autonomy of the Advocates cannot be compromised at any cost. Advocates are the backbone of any civil society. Advocates are the class which ensures actual implementation of the constitutional, fundamental and legal rights when they are violated.

Accounts and Records – Draft GST Rules

April 20, 2017 7074 Views 0 comment Print

ACCOUNTS AND RECORDS – 1. Maintenance of accounts by registered persons- (1) Every registered person shall keep and maintain, in addition to the particulars mentioned in sub-section (1) of section 35, a true and correct account of the goods or services imported or exported or of supplies attracting payment of tax on reverse charge along with relevant documents, including invoices, bills of supply, delivery challans, credit notes, debit notes, receipt vouchers, payment vouchers, refund vouchers and e-way bills.

Advance Ruling – Draft GST Rules

April 20, 2017 2445 Views 0 comment Print

Advance Ruling -1. Qualification and appointment of members of the Authority for Advance Ruling. The Central Government and the State Government shall appoint an officer having the experience of not less than three years in the rank of Joint Commissioner as member of the Authority for Advance Ruling.

Appeals and Revision – Draft GST Rules

April 20, 2017 2763 Views 1 comment Print

An appeal to the Appellate Authority under sub-section (1) of section 107 of the Act shall be filed in FORM GST APL-01, [either] electronically [or otherwise] as may be notified by the Commissioner, and a provisional acknowledgement shall be issued to the appellant immediately.

IBBI Draft regulations for Fast Track Resolution process for Eligible Corporate Persons

April 20, 2017 1299 Views 0 comment Print

IBBI invites public comments on Draft regulations for Fast Track Resolution process for Eligible Corporate Persons The Ministry of Corporate Affairs had set up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group 3 had a mandate to deliberate and submit its recommendations on rules and regulations and […]

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