Financial statement

Board™s Report Enhanced Role Under The New Companies Act 2013

Introduction Section 134 of the Companies Act, 2013 casts a responsibility on the Board of Directors to prepare a report containing details as discussed below and this report needs to be annexed to the Financial Statements which are laid before the members in the annual general meeting. Companies Act, 2013 also contains provisions regarding revision… Read More

Tags: Audit CommitteeBoard of directorsCompanies ActCompanies Act 2013Compensation and BenefitsFinancial statementIndependent directorPublic company

Draft Rules under Companies Act 2013 :: Chapter III :: Prospectus And Allotment Of Securities

Click Here to Download the Draft Rules for Chapter III ----------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES Part I Public Offer Matters to be stated in the prospectus 3.1. For the purposes of clause (a) of sub-section (1) of section 26, (1) pursuant to sub-clause (i), the names, addresses… Read More

Tags: Board of directorsCompanies ActfinanceFinancial statementIndiaProspectusPublic OfferSecurity (finance)

Commencement Notification CA2013 :: Miscellaneous :: Section 448 :: Punishment for false statements

Chapter XXIX Miscellaneous (447 - 470) Section 448- Punishment for false statements Save as otherwise provided in this Act, if in any return, report, certificate, financial statement, prospectus, statement or other document required by, or for, the purposes of any of the provisions of this Act or rules made thereunder, any person makes a statement,”… Read More

Tags: Annual General MeetingChairmanCompanyFinancial statementPublic companySecurity (finance)

ICAI Announcement w.r.t. Suggestions on Revision of the Guidance Note on Audit of Banks

1.   The Guidance Note on Audit of Banks, brought out by the Auditing & Assurance Standards Board (AASB) of the ICAI is an important publication providing comprehensive guidance to the members carrying out audits of banks and bank branches. Improving the quality of audit of banks is one of the prime objectives of the Guidance… Read More

Tags: AASBAuditBusinessFinancial auditFinancial statementICAIInstitute of Chartered Accountants of IndiaMarch 2013

Draft XBRL Taxonomies for Insurance Companies

Tomorrow is the last date for sending the comments to the Institute of Chartered Accountants of India (ICAI) on the Draft Templates of Taxonomy for Life and Non-life Insurance Companies. The Comments may be sent by e-mail at xbrl@icai.in so as to be received not later than July 12, 2013. ICAI has prepared these separate Drafts… Read More

Tags: BusinessFinancial servicesFinancial statementInstitute of Chartered Accountants of IndiaInsuranceInsurance ActLifexbrl

RBI™s Technical Committee suggests Merger of Issue and Banking Departments Balance Sheet

The Reserve Bank of India placed on its website today, the report of the Technical Committee (Chairman: Shri Y. H. Malegam) set up to review the form of presentation of the Reserve Bank™s Balance Sheet and Profit & Loss Account. Some of the important recommendations made by the Technical Committee are: a) Form of Balance Sheet Merger of… Read More

Tags: AssetBalance sheetBusinessCentral bankFinancial servicesFinancial statementIncome statementReserve Bank of India

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