ABCAUS Corporate & Professional Updates

Excel for Chartered Accountants

21-07-2014
MCA-Cost Audit Rules - Government constitutes expert committee to review implications for cost accountancy profession

22-07-2014
MCA further extends name availability period of 1930 cases where 60 days have expired

25-07-2014
MCA Clarification on transitional period for resolutions passed under the Companies Act, 1956

25-07-2014
Central Information Commission order on RTI Application seeking action taken on various Law Commission Reports

25-07-2014
MCA Notification-Companies Carrying Multiple Bussiness who can appoint common Chairperson and MD or CEO at the same time

25-07-2014
MCA-Relatives of directors or managers in a private company would render it a related party under section 2(76)(iv)

28-07-2014
MCA-Maintenance of Electronic Records u/s 120 now made optional

31-07-2014
MCA-Auditors Appointment in Deemed Government Companies to be by CAG as covered under section 139(5) 139(7)

04-08-2014
Securities Laws Amendment Bill 2014- SEBI to take action Against Unregulated Deposit Taking and Ponzi Schemes

04-08-2014
SEBI - Allocation of 15 minutes for conducting AGM of a public listed company having more than one lakh shareholders is not adequate enough

05-08-2014
Enhancement of investment limit for micro, small and medium manufacturing enterprises

07-08-2014
EPFO orders inspection of Establishments splitting wages to reduce PF liability

08-08-2014
Slum Area Development included in Corporate Social Responsibility CSR Activity

08-08-2014
Provisions of Cos Act 2013 and SEBI with respect to woman director in board of companies

11-08-2014
Board approves SEBI Real Estate Investment Trusts (REIT) Regulations 2014

11-08-2014
Board approves SEBI Infrastructure Investment Trusts (INVIT) Regulations 2014

12-08-2014
Independent Directors Repository Portal Operationalized -Frequenly Asked Questions

13-08-2014
MCA launches Company Law Settlement Scheme 2014 for two months 15-08-2014 to 15-10-2014

15-08-2014
RBI –Other Banks ATM Use free transactions limit reduced to 3 per month for metro cities. In other cities 5 free usage for savings bank account to continue

15-08-2014
PM Narendra Modi's speech on 68th Independence day - Full Text

15-08-2014
PM Narendra Modi's speech on 68th Independence day - Key Highlights

16-08-2014
MCA-revised rules for permitted related party transactions with special resolutions

24-08-2014
List Comptroller and Auditor General of India since Independence 15-08-1947

25-08-2014
Supreme Court declares Coal Block Allocation since 14-07-1993 as illegal

26-08-2014
RBI simplifed norms of KYC for opening of a bank account

27-08-2014
Launch of Bharat domain name registry in hindi devanagari srcript

27-08-2014
Prime Minister Narendra Modi Pradhan Mantri Jan Dhan Yojana (PMJDY). SMS Mobile Banking Facility on Basic Mobile Phones

29-08-2014
EPF Minimum Wage Ceiling Limit increased to Rs. 15000/- from Rs. 6500/-

29-08-2014
MCA Circular-Applicability of Accounting Standard 10-16 to power projects cost plus or competitive bid for capitalization of borrowing cost.

31-08-2014
MCA Notification: Amendment to Schedule II Companies Act 2013 related to useful lives of assets to compute depreciation

31-08-2014
Savings Bank Accounts with Customer Mandate for Share Dividend Credit to be treated as Inoperative / Dormant only after Two Years

03-09-2014
Professional Partnership Firms (CA CMA CS) governed by special acts can be registered / reconstituted with more than 20 partners under Companies Act, 2013

03-09-2014
Cos Act 2013. Auditor resignation Section 140-2. Filing physical ADT3 and e-form GNL2 by Company or the Auditor? How to avoid Penalty for non filing by auditor

05-09-2014
CAG power to appoint auditor amended to include companies owned controlled by Central or State Governments, directly indirectly

09-09-2014
RBI Master Circular-Gidelines on Wilful Defaulters Clarification regarding Guarantors, Lender and Units

11-09-2014
RBI Guidelines Wilful Defaulters- Accounts Falsification and Complaint of negligent, deficient auditor chartered accountant firm with ICAI

12-09-2014
RBI Guidelines on Wilful Defaulters are ultra vires so far as being made applicable to all the directors-Gujrat High Court

15-09-2014
Cos Act 2013 Section 135, Rule 4-Notification: Total CSR expenditure limit of 5% on personnel capacity building to include administrative overheads

15-09-2014
SEBI further amends Clause 49A of Listing Agreement. Classes of listed companies exempted from corporate governance. Related party transactions simplified

18-09-2014
Salaries paid to regular CSR staff or volunteers of the companies no longer qualify as part of the CSR expenditure of CSR Project Cost

19-09-2014
MCA-Constitution of National Advisory Committee on Accounting Standards under Section 210A of Cos Act 1956. Notification from 18-09-2014

22-09-2014
MCA Notification-Revised procedure for allotment of DIN, Independent Directors Repository. New Form DIR-3, DIR-3A, DIR-3B, DIR-3C, DIR-6