RBI extends timeline for finalization of audited accounts by NBFC
In view of the on-going situation and taking in to account the feedback received from various stakeholders, RBI has decided that every applicable NBFC shall finalise its balance sheet within a period of 3 months from the date to which it pertains or any date as notified by SEBI for submission of financial results by listed entities.
As per RBI guidelines, every applicable NBFC is required to finalise its balance sheet within a period of 3 months from the date to which it pertains.
- After holding cash receipts/payments as unexplained, ad-hoc addition can not be made – HC
- Dividing total turnover by 365 days to arrive at daily cash sale is based on conjectures and surmises
- NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm
- Sibsagar University invites EoI for Appointment of Internal Auditor for 01.08.2024 to 31.03.2026.
- Andhra Pradesh High Court struck down Section 147A of the Income Tax Act, 1961 as unconstitutional
