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Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018

March 30, 2018 5064 Views 5 comments Print

Decision:The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on 22nd March, 2018, has been brought in force on 29th March, 2018. Background: The Payment of Gratuity Act, 1972 applies to establishments employing 10 or more persons.  The main purpose for enacting […]

IBBI amends Insolvency Resolution & Liquidation Process Regulations

March 29, 2018 1212 Views 0 comment Print

IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

Revised SA 299 Joint Audit of Financial Statements

March 29, 2018 40374 Views 1 comment Print

The practice of appointing more than one auditor to conduct the audit of large entities is followed for a longtime, sometimes voluntarily by the shareholders or sometimes due to the requirements of laws or regulations.

CBEC extends GST Refund on Export Fortnight till 31.03.2018

March 29, 2018 1032 Views 0 comment Print

In order to facilitate the sanction of refunds, the Central Board of Excise and Customs (CBEC) has decided to extend the Refund Fortnight and keep open all the Customs field formations on 29.03.2018, 30.03.2018 and 31.03.2018 even though these are holidays/ non-working days. Necessary administrative instructions have been issued in this regard.

Union Cabinet Decision on NFRA and ICAI Response

March 29, 2018 2421 Views 1 comment Print

Section 132 of Companies Act, 2013 provided for the creation of National Financial Reporting Authority (NFRA), and one post of Chairperson, three posts of full-time members and one post of Secretary of NFRA. Union Cabinet chaired by the Prime Minister recently approved the same while specifying the details such as pay scale and other terms and conditions vis-à-vis the posts of NFRA Chairman, full-time members and Secretary.

Let’s hear from Rank Holders of CS Foundation Programme

March 29, 2018 1413 Views 0 comment Print

What I achieved was impossible to do so without the guidance of my teachers, Support of my parents and help of my friends. This achievement is not my personal achievement but a result produced by group efforts of my teachers, family and friends. What I simply did was just respect and work in harmony with them and result just came in.

Discussion paper on Share Buyback & Substantial Acquisition Regulations

March 29, 2018 1236 Views 0 comment Print

SEBI issues Discussion Paper on Review of SEBI (Buyback of Securities) Regulations, 1998 and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Compliance with SEBI Regulations by listed companies under Insolvency

March 28, 2018 5688 Views 0 comment Print

Discussion Paper on Compliance with SEBI Regulations by listed entities undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016

Revenue loss due to implementation of GST to states

March 28, 2018 2379 Views 0 comment Print

Revenue loss due to implementation of GST to the states for the month of July, 2017 to February, 2018 has been estimated and accordingly, GST Compensation paid to the States/ UTs on bimonthly basis for the period of July 2017 to February, 2018 as below:-

Pensioner’s Portal at EPFO website

March 28, 2018 1716 Views 0 comment Print

EPFO has launched the pensioner’s portal https://mis.epfindia.gov.in/PensionPaymentEnquiry. The pensioner’s portal is recently launched service, available at EPFO website by which all EPFO pensioners may get the details of pension related information like Pension payment order number, Pensioner’s Payment Order details, Pensioner’s passbook information & other related information such as date of credit of pension, submission of pensioner’s life certificate etc.

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