ICAI to take stringent action against use of unfair means in exams-Advisory to students ICAI has warned about the use unfair means in CA Examinations. While admitting that cases of adoption/attempt to adopt unfair means are reported every year in respect of the prestigious CA examinations,  ICAI disclosed …

Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran  The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has approved an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes …

Chit Funds (Amendment) Bill 2018 Notification. Bill for strengthening and streamlining of the registered Chit Fund sector The Chit Funds Act, 1982 was enacted to provide for the regulation of chit funds which are indigenous business in India and have conventionally satisfied the financial needs of the low-income …

Government Nomination on the Bench II and Bench III of the Disciplinary Committee   The Ministry of Corporate Affairs has nominated the following persons on the Bench – II and Bench III of the ICAI Disciplinary Committees under the provisions of Section 21B of the Chartered Accountants Act, …

Foreign law firms/companies or foreign lawyers cannot practice profession of law in India either in the litigation or in nonlitigation side. “fly in and fly out” will only cover a casual visit not amounting to “practice” ABCAUS Case Law Citation: ABCAUS 2245 (2018) (03) SC The issue involved …

Resolution professional doesn’t require nod of shareholders/members for insolvency resolution  Ministry vide its circular no. IBC/01/2017 dated 25.10.2017 clarified that Section 30 and 31 of the Code provide a detailed procedure from the time of receipt of resolution plan by the resolution professional to its approval by the …