Name of Company Struck off as the Audited Financial Statement was “Zero Revenue”: NCLAT uphold the NCLT Order [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that Name of the Company Struck off is valid since the Audited Financial Statement was...
![MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/MCA-Compulsory-filing-overdue-financial-statement-compulsory-filing-of-overdue-financial-statements-and-annual-returns-overdue-financial-statements-and-annual-returns-closure-of-companies-companies.jpg "MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]")
![CESTAT remands back matter to consider Refund afresh on basis of CA Certificate and Audited Financial Statement [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/CESTAT-Refund-CA-Certificate-CA-Financial-Statement-Audited-Financial-Statement-Taxscan.jpg "CESTAT remands back matter to consider Refund afresh on basis of CA Certificate and Audited Financial Statement [Read Order]")
CA signs Financial Statements not signed by Directors: Disciplinary Committee finds Guilty [Read Order]
The Chartered Accountant (CA) signed the financial statements which were not signed by the directors. The disciplinary committee of Institute of Chartered Accountant of India (ICAI) found guilty of...
ICAI releases Exposure Drafts of Guidance Notes on Financial Statements of Non-Corporate Entities and Financial Statements of LLPs
The Institute of Chartered Accountants of India (ICAI) has released the Exposure Drafts of Guidance Notes on Financial Statements of Non-Corporate Entities and Financial Statements of...
Non-Accrual of Interest on Borrowings by Companies in Violation of Indian Accounting Standards: NFRA Asks Auditors to Strictly Follow Norms [Read Order]
The National Financial Reporting Authority (NFRA) has advised all the Companies to follow Ind AS and their audit committees and advised not to discontinue recognition of the principal or interest...
![Non-Accrual of Interest on Borrowings by Companies in Violation of Indian Accounting Standards: NFRA Asks Auditors to Strictly Follow Norms [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Companies-Violation-Indian-Accounting-Standards-NFRA-TAXSCAN.jpg "Non-Accrual of Interest on Borrowings by Companies in Violation of Indian Accounting Standards: NFRA Asks Auditors to Strictly Follow Norms [Read Order]")
MCA issues Clarification on mandating Companies to round off Figures appearing in Financial Statements
The Ministry of Corporate Affairs ( MCA ) has issued a clarification on mandating Companies to round off the Figures appearing in Financial Statements. The MCA has said that, Amendment to Schedule...
![Income Tax leviable on Tuition Fee in the Year of Rendering of Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Tuition-Fee-Rendering-of-Services-ITAT-Taxscan.jpeg "Income Tax leviable on Tuition Fee in the Year of Rendering of Services: ITAT [Read Order]")