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Draft Insolvency and Bankruptcy (Registration of Insolvency Professional Agencies) Regulations, 2016

October 11, 2016 976 Views 0 comment Print

Any person who seeks to establish an insolvency professional agency under the Code shall form a company limited by share capital, and registered under section 8 of the Companies Act, 2013 and such company may make an application to the Board for grant of certificate of provisional registration or certificate of transitional registration as an insolvency professional agency under these Regulations.

Draft Insolvency and Bankruptcy (Registration of Insolvency Professionals) Regulations, 2016

October 11, 2016 856 Views 0 comment Print

The Board shall form an Examination Committee to conduct an Insolvency Professionals Examination to test the practical skills and knowledge of insolvency, bankruptcy and allied subjects, of individuals seeking to be registered as insolvency professionals.

CBI arrests Excise Superintendent for Accepting Rs.50,000/- as Bribe

October 10, 2016 1861 Views 0 comment Print

The Central Bureau of Investigation has arrested a Superintendent of Central Excise, Faridabad for demanding & accepting a bribe of Rs.50,000/- from the complainant.

Indirect Tax Collections up to Sep, 2016 shows increase of 25.9%

October 10, 2016 781 Views 0 comment Print

Indirect Tax Collections up to September, 2016 show an increase of 25.9% over the net Indirect Tax collections for the corresponding period last year(2015-16); Net revenue collections up to September, 2016 stood at Rs 4.08 lakh crore which is 52.5% of the Budget Estimates of Indirect Taxes for Financial Year 2016-17.

Govt. Launches Enhanced Foreign Trade Data Dashboard

October 10, 2016 1111 Views 0 comment Print

The new Dashboard gives a graphical collection of exports, imports and balance of trade of India; e.g., the Export turnover of the country – how it performs over time and space? What are the export destinations? What items are being exported?

MEF Empanelment 2016-17- Part B & C made live till 31.10.2016

October 9, 2016 1561 Views 0 comment Print

Dear Professional Colleagues, Season’s Greetings, Sub: PART B and PART C of MEF 2016-17 has been made live till 31st October, 2016 to enable the applicants to fill/edit the same. As you are aware, MEF 2016-17 has been divided into three parts: Part A: For Bank Branch Auditors’ Panel Part B: For Additional information for […]

FM invite Suggestions regarding changes in direct & indirect taxes

October 9, 2016 1603 Views 5 comments Print

Your suggestions and views may be supplemented and justified by relevant statistical information about production, prices, revenue implication of the changes suggested and any other information to support your The request for correction of inverted duty structure, if any for a commodity, should necessarily be supported by value addition at each stage of manufacturing of the commodity.

CA IPC and Final November 2016 Examination Admit Cards

October 9, 2016 1627 Views 0 comment Print

Admit cards in respect of candidates admitted to the Intermediate (IPC) and Final November 2016 examination, with their photographs and signatures on them, are hosted on icaiexam.icai.org

ICAI withdraws application Guide on Schedule II to Companies Act, 2013

October 9, 2016 1813 Views 0 comment Print

This is to mention here that since the authority of the Guidance Notes issued by ICAI is above than the Application Guides issued, the Application Guide on the Provisions of Schedule II to the Companies Act, 2013 is no longer effective and stands withdrawn from the date the Guidance Note on Accounting for Depreciation in Companies in the context of Schedule II to the Companies Act, 2013, became applicable

ICAI withdraw GNs on FBT & Revaluation Reserve for Issue of Bonus Shares

October 9, 2016 898 Views 0 comment Print

Withdrawal of two Guidance Notes on Accounting- 1. GN(A) 9 (Issued 1994) – Guidance Note on Availability of Revaluation Reserve for Issue of Bonus Shares 2. GN(A) 20 (Issued 2005) – Guidance Notes on Accounting for Fringe Benefits Tax

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