The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its ex-post facto approval for amendments to the Maternity Benefit Act, 1961 by introducing the Maternity Benefit (Amendment) Bill, 2016 in Parliament. The maternity benefit Act 1961 protects the employment of women during the time of her maternity and entitles her of… Read More
My Dear Professional Colleagues, The month of August holds a special significance for we people of India as we rejoice the event of our independence, remember and commemorate the hard work and sacrifices of our forefathers who made the dream of a free nation possible, as Independence Day on the 15th day of this month.… Read More
Dear Professional Colleagues, Heartiest greetings on CA Day! I wish all of you a very happy CA Day. All arrangements have been made to celebrate the legacy of the Indian accountancy profession with great enthusiasm in the form of flag hoisting and events that enhance and impart knowledge to the professional fraternity. Indian accountancy profession… Read More
These FAQs on Consolidated Financial Statements have been issued by the Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI). The purpose of these FAQs is to illustrate and to assist in clarifying the requirements regarding preparation of Consolidated Financial Statements 1 (i) Whether a company H ltd is required to… Read More
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Dear Professional Colleagues, We are pleased to inform you that ICSI Auditing Standards Board (ASB) has been constituted, which will inter-alia issue Secretarial Auditing Standards and Guidance Notes on Secretarial Auditing. The composition of the Board is as under: Makarand M. Lele Chairman Pune Vineet K.Chaudhary Vice Chairman Noida Amit Gupta Member Lucknow Amit Kumar… Read More
The Authority, in exercise of the powers conferred by Section 14 of Insurance Regulatory and Development Authority of India Act, 1999, read with clause (b) of sub-section (4) of Section 6A of the Insurance Act, 1938, proposed to issue Guidelines for Listed Indian Insurance Companies. A summary of these guidelines is as under 1. These… Read More
The Indirect Taxes Committee of ICAI is getting ready to prepare training material for the professionals and executive once GST law is in place. It invites suggestions on the Model GST Law for consideration and inclusion in its representation to be submitted to the Ministry of Finance. Please submit your valuable suggestions latest by 30th June,… Read More