The Committee on Economic, Commercial Laws & WTO of the ICAI has recommended to issue an Advisory to Members for incorporating the Standard Arbitration Clause in the various legal documents/deeds/contracts/ agreements etc. in order to achieve the objective to make India as preferred choice for the Arbitration so that India may become the Arbitration Hub/ Capital of the World. It is however clarified that the below suggested Arbitration Clause is in an Advisory in nature and not as mandatory.
Roadmap drawn-up for implementation of Indian Accounting Standards (Ind AS) converged with International Financial Reporting Standards (IFRS) for Scheduled Commercial Banks (Excluding Rrbs), Insurers/Insurance Companies and Non-Banking Financial Companies (NBFC’s)
The Institute of Chartered Accountants of India (ICAI) today announced the following results. 1) Chartered Accountants Final Examination held in Nov, 2015. 2) Common Proficiency Test held in Dec, 2015. Since December 1949, the Chartered Accountancy Examination is held twice in a year. The top three rank holders on all India basis of Chartered Accountants Final Examinations held in Nov, 2015 […]
Result – Region wise Notifications CPT December 2015 Central Eastern Northern Overseas Southern Western Final November 2015 Central Eastern Northern Overseas Southern Western Source- ICAI
Completion of GMCS-I Course by the students registered for articleship training on or after 1st May, 2012 and updation of record in the system Dear Student, As you are aware that the student registered for articleship training on or after 1st May, 2012 have to undergo the following- GMCS-I Course (15 days) : during the 1st year […]
Considering the technical snag in uploading the 704-audit report for 2014/15,in the last week, the last date for filing 704-Audit report for the period 2014/15 is extended up to 21st January 2016. Source- http://mahavat.gov.in/Mahavat/index.jsp
Reducing litigation with the taxpayers has been a key focus area for the Income Tax Department. Several initiatives have been taken by the Central Board of Direct Taxes in the last three months up to December 2015 to significantly reduce disputes and provide relief to taxpayers facing long standing litigation.
The fundamental principles with respect to Board Meetings are laid down in the Act. SS-1 facilitates compliance with these principles by endeavouring to provide further clarity where there is ambiguity and establishing benchmark standards to harmonise prevalent diverse practices. For the benefit of companies, SS-1 provides necessary flexibility in many cases viz. with respect to […]
The fundamental principles with respect to General Meetings are laid down in the Act. SS-2 facilitates compliance with these principles by endeavouring to provide further clarity where there is ambiguity or establishing benchmark standards to harmonise prevalent diverse practices. Complying with SS-2 ensures robust procedures and systems which protect the interests of the company and […]
Minister of State for Finance Jayant Sinha on Thursday said the government will present the Budget for 2016-17 on February 29, which will set a roadmap for the coming three years. As per internal sources Budget session could begin from February 23. The date of the presentation of the Budget and the reconvening of the […]
