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From Royal Charters to Global Standards: The Fascinating History of Chartered Accountants

Adwaid M S

At first glance, the title “Chartered Accountant” might evoke images of tax filing, audits, and financial statements. But behind this modern-day ...

Appointment and Remuneration of Managerial Personnel (Sections 196–205) of Companies Act

New MCA V3 Filing Rules: AOC-4 Submissions Now Require Mandatory Linked Forms

NIIT Wins Income Tax Appeal: ₹5.34 Crore Demand Quashed by CIT(A)

NFRA Issues Notices to IndusInd Bank Auditors Over Suspected Accounting Irregularities

MCA Mandates PDF Attachment of Signed Financials with E-form AOC-4 XBRL Filing, Notifies Amendment [Read Notification]

The Ministry of Corporate Affairs ( MCA ) has amended the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015. As per the notification issued on June...

How Ind AS Differs from IFRS: A Detailed Look at Carve-Outs and Carve-Ins

Indian Accounting Standards (Ind AS) are India’s version of International Financial Reporting Standards (IFRS), adapted to suit the Indian legal and economic environment. Issued by the Institute of...

Understanding Financial Statements of A Company: A Practical Companion for the Modern Accountant

In today’s dynamic financial reporting environment, staying updated is no longer optional—it’s essential. With evolving regulations, changing interpretations, and a greater push for transparency and...

Financial Statements - Financial Statements of A Company - A Practical Companion - taxscan

Checklist for Preparing Financial Statements as per Revised Schedule III of Companies Act

Preparing financial statements properly is not just a legal formality — it helps companies build trust with investors, bankers, and regulators. Under the Companies Act, 2013, Schedule III provides...

MCA Imposes Penalty on Company and Directors for Failure to Approve and File Financial Statements and Board’s Report

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, the company and its directors were penalized with Rs....

Operating Segment Reporting under Ind AS 108: What CAs Must Know

Segment reporting is financial disclosure, particularly for organizations with diverse business activities or operating in multiple economic conditions. The purpose is to equip the users of financial...

MCA imposes Penalties on Company and Directors for Non-Filing of Financial Statements from FY 2016-17 to FY 2020-21 [Read Notification]

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company and its 3 directors for...