PNB Scam: ICAI ensures ‘Accelerated Enquiry’
The Institute of Chartered Accountants of India- ICAI has already issued show cause notices to the auditors of Punjab National Bank and Gitanjali Gems, which are involved in the scam, has said that it has taken a
ICAI forms Group to Study Amendments Proposed by High Level Committee set up by MCA
The Institute of Chartered Accountants of India (ICAI) established a Group to Study the Amendments Proposed by the High-Level Committee set up by the Ministry of Corporate Affairs (MCA). The President, in terms of the
MCA sanctions Prosecution in 366 cases given in violation of CSR Provisions
The sanction for prosecution in violation of Corporate Social Responsibility ( CSR)  provisions has been accorded in 366 cases besides 121 applications for compounding have been made and 37 cases have been compounded. All CSR
MCA constitutes High Level Committee on Corporate Social Responsibility
A High-Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) has been constituted under the Chairmanship of Shri. Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA) to review the existing framework and guide and formulate
Bombay HC asks Govt to form a High-Level Committee to grant Entertainment Tax Benefits under GST [Read Order]
A two-judge bench of the Bombay High Court has directed the State Government to constitute a high-level committee to study the issues and to grant relief to the entertainment sector after the entertainment tax benefits
BCI Censures Comments of Justice Muhamed Mustaque on Legal Education set by High Level Committee: Says Justice misled by some Vested Interests Persons
The Bar Council of India (BCI) in its vide press release dated 18th June 2023 condemned the comments made by the Justice Muhamed Mustaque of Kerala High Court. According to the Bar Council, the comments
ICAI publishes Draft Report of High-Level Independent Committee on CA Exam Processes and Regulations for Public Comments [Read Report]
The Institute of Chartered Accountants of India ( ICAI ) has published a draft report of the High-Level Independent Committee on Exam Process and Regulations for the public comments. ICAI had on 26th September 2019,
Tamil Nadu Trade Bodies requests CM to form GST High Level Advisory Committee
The establishment of an Advisory committee at the state level to state the concerns before the Goods and Services Tax (GST) Council has been requested by trade organisations to Chief Minister M.K. Stalin. An apex
ICAI Constitutes High Level Independent Committee to look into the Examination processes/ Regulations governing CA Examinations
The Institute of Chartered Accountants of India ( ICAI ) has decided to constitute a High-Level Independent Committee to look into the Examination processes/ Regulations governing CA Examinations including Regulation 39(4) of the Chartered Accountants
CBEC notifies simplified Central Excise norms for Jewellers
In a relief to jewellers, in this year’s Budget, central excise duty of 1% without input and capital goods tax credit or 12.5% with credit was imposed on articles of jewellery falling under heading 7113
Govt. extends Time Limit for Registration of Jewellers under Central Excise Act [Read Circular]
The Central Board of Excise & Customs vide Circular No. 1033/21/2016 extended the time limit for taking excise registration of an establishment by a jeweller to 31.07.2016. As per the present and earlier notices in
Govt. increases SSI Eligibility limit & SSI Exemption limit for jewellery manufacturers
Government accepts the recommendations of Sub-Committee of the High Level Committee to interact with Trade & Industry on Tax Laws on issues relating to compliance procedure for the excise duty,records to be maintained and other
Urgent Notice to Advocates: Bar Council asks Advocates to Declare Existence in Profession
In a recent communication dated 14th January 2024, the Bar Council of India (BCI) has addressed concerns and misconceptions surrounding the Advocates' Declaration of Existence in the legal profession. The notice is directed to all
New Regulatory for ICAI, ICSI & ICWAI on the Cards
After the implementation of the auditor’s regulator National Financial Reporting Authority (NFRA), the Government is now looking to discipline the three professional institutes, including the Institute of Chartered Accountants of India ( ICAI ), Institute
CLC Report suggests key Amendments in LLP Act [Read Report]
The 2nd Company Law Committee (CLC) report was released on Monday wherein many recommendations suggesting major changes in the Liability Partnerships Act 2008 (LLP Act). The Committee was set up in September, 2019 recategorization of certain