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ICAI Fixes Per Member limit on concurrent audit of banks
Dear Professional Colleagues, I am happy to share with you some significant developments concerning profession and important decisions taken by the Council at its 342nd meeting held on 15th, 16th Apri...
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Supreme Court Judgement in Disciplinary matter of ICAI
Sub: Judgement dated 13th May, 2015 of the Hon’ble Supreme Court of India in a Disciplinary matter The Hon’ble Supreme Court of India in a landmark Judgment delivered on 13th May, 2015 in an appeal fi...
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MCA Notification – nomination of member of Quality Review Board of ICSI
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, Dated- 27th April, 2015 G.S.R. 323(E).—In exercise of the powers conferred by section 29 A of Company Secretaries Act, 1980 (56 of 1980), the Cent...
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Secretarial Standards applicable w.e.f. 1st July 2015
A&PD: SS Sub.: Clarification on Applicability of Secretarial Standards Dear Professional Colleagues The Secretarial Standards on Meetings of the Board of Directors (SS-1) and Secretarial Standards on...
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Guidance note on Accounting for Derivative Contracts
GN(A) 33 (Issued 2015) Guidance Note on Accounting for Derivative Contracts The ICAI has hosted on its website guidance note on Accounting for Derivative Contracts. This Guidance Note becomes applicab...
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Certified Public Accountants (CPA) with H4 Visa
There are many people who went to U.S. as a dependent with their spouses and there are many who are highly educated professionals who follow their spouse to the United States for a better future for t...
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ICAI President’s Message – May 2015
Dear Friends, “Integrity without knowledge is weak and useless, and knowledge without integrity is dangerous and dreadful”, said Samuel Johnson. Chartered Accountants are traditionally known for their...
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All about Minutes Under Section 118 of companies Act 2013
Minutes- Section- 118 of Companies Act 2013 Every company shall keep Minutes of all Board and Committee Meetings in a Minutes Book. Minutes kept in accordance with the provisions of the Act evidence t...
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Postponement of CA Examinations at Kathmandu Centres
Announcement – Postponement of CA Examinations at Kathmandu Centres – (29-04-2015) In view of the natural calamity in Nepal, CA examinations scheduled to be held from 2nd to 17th May, 2015 at Kathmand...
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Empanelment with Dena Bank of CA Firms for Concurrent Audit for July 2015 to June 2016
Applications for selection of CA Firms as Concurrent Auditors for the period July 2015 to June 2016 in Dena Bank Request For Registration For Selection Of Concurrent Auditors In Dena Bank Please click...
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Secretarial Standard-2 (SS-2) on General Meetings
SECRETARIAL STANDARD ON GENERAL MEETINGS Following is the text of the Secretarial Standard-2 (SS-2) on ‘General Meetings’, issued by the Council of the Institute of Company Secretaries of India and ap...
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Secretarial Standard on Meetings of Board of Directors (SS-1)
SECRETARIAL STANDARD ON MEETINGS OF THE BOARD OF DIRECTORS The following is the text of the Secretarial Standard-1 (SS-1) on “Meetings of the Board of Directors”, issued by the Council of the Institut...
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ICSI issues Secretarial Standards applicable from 01.07.2015
ICSI ISSUES SECRETARIAL STANDARDS APPROVED BY THE CENTRAL GOVERNMENT ICSI is the pioneer and the only institution in the world so far to have issued secretarial standards TO BE EFFECTIVE FROM JULY 1,...
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ICAI Releases updated Background Material on GST
As you may be aware, Hon’ble Finance Minister Shri Arun Jaitley, while presenting Union Budget 2015-16, has proposed to implement Goods & Services Tax (GST) in India with effect from 1st April 2016. G...
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Detail of Action taken on Satyam case by ICAI against each Individual member
CAI Press Release – Satyam Verdict. – (09-04-2015) As part of ICAI’s continuous drive to uphold the credibility, integrity and image of the accountancy profession in India, the regulatory mechanism of...
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Provisions relating to Auditors under Companies Act 2013
Provisions relating to Auditors unde Companies Act 2013ROTATION OF AUDITOR AS PER SECTION 139 OF THE COMPANIES ACT, 2013 Auditors appointed in an annual general meeting shall hold office from the conc...
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Empanelment of CA Firms with SBBJ for Concurrent Audit
State Bank of Bikaner & Jaipur Inspection Department, Head Office, Tilak Marg, C-Scheme, Jaipur Tel: 0141-5101526 Empanelment of CA Firms for Concurrent Audit Work Applications are invited from Charte...
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CBI Convicts then Satyam Chairman , Two CAs and 6 Others in Satyam Scam case
SEVEN YEARS RIGOROUS IMPRISONMENT WITH FINE OF RS.5.24 CRORES (APPROX)EACH TO SRI B.RAMALINGA RAJU THEN CHAIRMAN, & THEN MD BOTH OF SATYAM COMPUTER SERVICES LTD AND SEVEN YEARS RI WITH FINE RANGING FR...
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ICAI Application Guide to Schedule II of the Companies Act, 2013
The Companies Act, 2013 requires companies to compute the depreciation in accordance with the Schedule II to the Companies Act which provides useful lives to compute the depreciation. Accordingly, pro...
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ICAI President’s Message – April 2015
Dear Friends, The great Indian philosopher Sri Aurobindo believed in the purposefulness of evolution-life has evolved from matter and then mind has from life. We have been evolving for ages by respond...