Category: ICAI

ICAI to allot online Firm Registration Number (FRN) within 24 hours for proprietorship firm of Chartered Accountants to promote the Ease of Business ICAI to allot Firm Registration Number (FRN) within 24 hours Professional Development Committee (PDC) of ICAI has announced that in order to promote the ‘Ease …

ICAI issues Election Code of Conduct for 24th Council and 23rd Regional Councils elections  ICAI has issued Election Code of Conduct for Compliance by Candidates and their authorized representatives for Election to the Twenty Fourth Council and Twenty Third Regional Councils to be held on 7th and 8th …

Panel for enforcement of ICAI Election Code of Conduct consisting of Returning Officer, 2 other officers either from MCA or from ECI/other Ministry or Department MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 23rd August, 2018 G.S.R. 796(E).—In exercise of the powers conferred by clause (a) of sub- section (2) …

SBN disclosure requirement not applicable to Financial Year 2017-18 and onwards in both Notes to Account and the Audit Report. ICAI Clarification The Ministry of Corporate Affairs (MCA) had issued Notification dated 30th March 2017 with reference to amendment in Schedule III of Companies Act, 2013 for disclosure …

ICAI Draft Quick Insight on GST – Entertainment Industry, Hospitality Industry, Construction & Infrastructure Industry and Textile Industry  ICAU has issued five Draft Papers covering GST provisions on various industries as under: Draft Quick Insight on GST – Entertainment Industry  Draft Quick Insight on GST – Hospitality Industry  …

ICAI Implementation Guide to Standard on Auditing (SA) 610 (Revised) Using the Work of Internal Auditors Under the provisions of the Companies Act 2013, it is mandatory for auditors of companies to comply with the Standards on Auditing (SAs) issued by the Institutes of Chartered Accountants of India …

Publication on Judicial Pronouncements under Insolvency and Bankruptcy Code, 2016 Series 1 , by Insolvency and Bankruptcy Laws Group, CLCGC, ICAI The Insolvency and Bankruptcy Code, 2016 (IBC), is a recent legislation and the various Judicial Pronouncements under the Code are very important inputs to understand the law on …

Extension of the last date for submission of examination application forms in respect of CA exams to be held in November 2018, for candidates in Kerala only In view of the heavy rains/floods and disruption of normal life in Kerala and the consequent hardships caused to students, the …

ICAI Implementation Guide on Revised Tax Audit Report in Form 3CD  as per CBDT Notification No. 33/2018 dated 20.7.2018 effective from 20.8.2018 As we all are aware, recently, the CBDT vide Notification No. 33/2018 dated 20th July, 2018 has made several amendments to Form No. 3CD madating additional …

ICAI opens bank account for collecting donations for Kerala Flood Relief. The collected amount will be given to Prime Minister national Relief Fund  ICAI Kerala Flood Relief Fund The recent flood in the state of Kerala has caused extensive devastation. A large number of people have died and …