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CCI approves acquisition of Monsanto by Bayer AG U/s. 31(7) of Competition Act, 2002

June 20, 2018 918 Views 0 comment Print

CCI approves the acquisition of Monsanto by Bayer AG under Section 31(7) of the Competition Act, 2002, subject to modifications/remedies to address the anti-competitive effects resulting from the said acquisition

National Guidelines on Economic, Social & Environmental Responsibilities of Business

June 20, 2018 7569 Views 0 comment Print

The National Guidelines on the Economic, Social and Environmental Responsibilities of Business (Guidelines) presented herein are the outcome of a process initiated by the Ministry of Corporate Affairs (MCA) in September 2015.

Know When to Say No To Cash Transaction

June 19, 2018 29526 Views 6 comments Print

ACCEPT cash of Rs. 2,00,000 or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion RECEIVE OR REPAY Rs. 20,000 or more in cash for transfer of Immovable Property PAY more than MAO in cash relating to expenditure of business/profession

CA Student Assessment after 1st & 2nd year of Articleship

June 19, 2018 23802 Views 3 comments Print

With reference to Announcement dated June 12, 2018; the Council has decided to assesses students after completion of 1st and 2nd year of articleship with online MCQ based tests. Exam Details: 1st year of articleship: Test of 75 marks (Duration: 2 hours) Mandatory Subject: Accounting and Auditing (incl. Corporate Laws) of 50 marks and Selecting […]

Caution – Online PAN applicants

June 18, 2018 1482 Views 0 comment Print

The general public is hereby informed that the Income Tax Department (ITD), Government of India has appointed only two entities namely NSDL e-Governance Infrastructure Limited (NSDL e- Gov) and UTI Infrastructure Technologies Services Limited for purpose of receiving and processing of PAN applications.

GST leads to Formalization of Economy and Widening of Tax Base

June 18, 2018 1548 Views 0 comment Print

Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections. In the past, the Centre had little data on small manufacturers and consumption because the excise was imposed only at the manufacturing […]

ICAI to Select 1000 Young Members as Speakers for Programmes

June 18, 2018 5613 Views 0 comment Print

The Young Members Skill and Innovation Development Committee of ICAI has been taking various initiatives for the empowerment of the young members. To encourage young members to develop their public speaking skill, the committee intends to select 1000 young members as speakers.

GST: 9 steps to Change email & mobile no. of authorized signatory

June 18, 2018 20646 Views 3 comments Print

Complaints are being received from taxpayers that the intermediaries who were authorized by them to apply for registration on their behalf had used their own email and mobile number during the process. They are now not sharing the user credentials with the taxpayer on whose behalf they had done the registration in the first place and the taxpayer is at their mercy.

ICSI advisory on Additional Fees on Annual Filing of Company Returns

June 18, 2018 3294 Views 0 comment Print

The Institute of Company Secretaries of India had in its mail dated 8th May, 2018 communicated the notification of Companies [Registered Office and Fees) Second Amendment Rules, 2018 by the Ministry of Corporate Affairs along with providing relaxation for the Additional Fees payable in the event of delay wherein the due date of filing of Forms falls prior to 30th June, 2018.

Draft ICSI Guidance on Diligence Report on Governance for Banks

June 18, 2018 2004 Views 0 comment Print

ICSI has come up with Exposure Draft of ICSI Guidance on Diligence Report on Governance for Banks. The Draft was released at the golden Jubilee Year National Conference of Practicing Company Secretaries (19th Edition) held at The LaLiT, Mumbai during May 18-19, 2018.

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