Chartered Accountant Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and Allowances of the Chair Person and Members of the Board (Amendment) Rules, 2016
MCA vide Notification No. GSR 148(E) dated 08/02/2016 amended the Chartered Accountant Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and Allowances of the Chair Person and Members of the Board (Amendment) Rules, 2016 by inserting clause (ib) in rule 9 sub-rule (2), after clause (i) (ia): “(ib) The Chairperson and […]
ICSI Recommendations & Representations on Company Law Committee Report 2016
The Institute of Company Secretaries of India (ICSI), on Tuesday, the 16th February, 2016, have posted on it’s website Recommendations & Representations on Company Law Committee Report 2016. In this regard ICSI had invited comments from individually as well as through the meetings of the members held at various chapters/ regional councils of the institute. The Comments […]
Comments/Suggestions invited on proposed amendments Secretarial Standards 1 & 2
The Institute of Company Secretaries of India, on Friday, the 12th February, 2016, have issued draft revised Secretarial Standards; i.e. Secretarial Standards on Meetings of Board (SS-1) & Secretarial Standards on General Meeting (SS-2). The Institute has also invited comments/suggestions of the stakeholders on the same; which are to be given on or before 26/02/2016 at the email […]
Regulatory Relaxations for Startups- Clarifications relating to Issue of shares
The Reserve Bank of India (RBI) on Thursday, the 11th day of February, 2016 has issued circular RBI/2015-16/319 A.P. (DIR Series) Circular No. 52 to the Authorised Dealer Category – I Banks, Pursuant to paragraph 14 of the Sixth Bi-Monthly Monetary Policy Statement for 2015-16 RBI_Press Release_Sixth Bi-monthly Monetary Policy Statement, 2015-16_02.02.16, RBI vide Press Release dated February 2, 2016, […]
Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments
The Reserve Bank of India (RBI) on Thursday, the 11th day of February, 2016 has issued circular RBI/2015-16/318 A.P. (DIR Series) Circular No. 51 to the Authorised Dealer Category – I Banks, Pursuant to paragraph 14 of the Sixth Bi-Monthly Monetary Policy Statement for 2015-16 RBI_Press Release_Sixth Bi-monthly Monetary Policy Statement, 2015-16_02.02.16, RBI vide Press Release dated February 2, 2016, […]
Compilation of R-Returns: Reporting under FETERS
The Reserve Bank of India (RBI) on Thursday the 11th February, 2016 issued Circular, RBI/2015-16/317 A.P. (DIR Series) Circular No. 50, to Authorised Dealers Category-I (AD Category – I) banks relating to guidelines for compilation of R-Returns for reporting under the Foreign Exchange Transactions Electronic Reporting System (FETERS), RBI_A.P.(DIR Series)Circular No.101 dated 04.02. 2014 on Export of Goods and Services: Export […]
ICAI Guidance note on Accounting for Depreciation in Companies in the context of Schedule II to the Companies Act, 2013
The Institute of Chartered Accountant of India (ICAI) on Thursday the 11th February, 2016, has came out with the guidance note on Accounting for Depreciation in Companies in the context of Schedule II to the Companies Act, 2013. Schedule II of the Companies Act, 2013 came into force with effect from the 1st April, 2014. Guidance Note […]
BSE initiative to encourage suspended companies to complete compliances
The Bombay Stock Exchange (BSE) on 12th February, 2016, Friday has issued circular DCS/COMP/32/2015-16 to suspended companies for a period of more than 7 years, for non -compliance with the critical clauses of the erstwhile Listing Agreement. BSE has taken initiative to encourage suspended companies to complete compliances for resumption of trading in the interests of the investors – […]
Notice inviting comments on the draft revised Schedule III to the Companies Act, 2013
MCA on 9th February, 2016, Tuesday has issued Notice inviting comments on the draft revised Schedule III to the Companies Act, 2013. The MCA has invited suggestions/comments on the same along with justification in brief; which are to be given latest by 23rd February, 2016 at the email id: sch3@mca.gov.in. The sender should clearly indicate the name, Telephone number […]
Notice inviting comments on the draft Companies (Auditor’s Report) Order, 2016
MCA on 9th February, 2016, Tuesday has issued Notice inviting comments on the draft Companies (Auditor’s Report) Order, 2016. The MCA has invited suggestions/comments on the same along with justification in brief; which are to be given latest by 23rd February, 2016 at the email id: caro@mca.gov.in. The sender should clearly indicate the name, Telephone number and address in […]