Format of Audit Engagement Letter for Audit of Financial Statements under the Companies Act 2013, When Reporting u/s 143(3)(i) is Applicable
Example of an Audit Engagement Letter (to be added to Appendix 1 to SA 2101)
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Format of Audit Engagement Letter for Audit of Financial Statements under the Companies Act 2013, When Reporting u/s 143(3)(i) is NOT Applicable
Example of an Audit Engagement Letter Audit of Financial Statements under the Companies Act 2013 and the Rules Thereunder (When Reporting u/s 143(3)(i) of the Companies Act, 2013 is Not Applicable) (to be added to Appendix 1 to SA 2101) To, The Board of Directors of ……………… (name of the Entity) (Address) Dear Sirs, I … Read more
ICAI signed MoU with Employee’s Provident Fund Organisation (EPFO)
Employee’s Provident Fund Organisation (EPFO) moves to Accrual Accounting The Institute of Chartered Accountants of India (ICAI) through its research arm, ICAI Accounting Research Foundation (ICAI ARF) signed an MoU with Employee’s Provident Fund Organisation (EPFO) on December 11, 2014. As per the MoU, ICAI ARF will undertake a Pilot Study Project with EPFO to … Read more
THE COMPANIES (AMENDMENT) BILL, 2014 passed in Lok Sabha
STATEMENT OF OBJECTS AND REASONS Companies Act, 2013 (Act) was notified on 29th August, 2013. Barring provisons relating to Chapters XV to XX and certain other provisions relating to setting up of/exercise of powers by National Company Law Tribunal (NCLT)/National Company Law Appellate Tribunal (NCLAT); Investor Education and Protection Fund (IEPF’); National Financial Reporting Authority … Read more
Clarifications regarding the different aspects of the Pradhan Mantri Jan Dhan Yojana (PMJDY) Including Accidental Insurance coverage and Life Insurance coverage
Press Information Bureau Government of IndiaMinistry of Finance 17-December-2014 11:38 IST Ministry of Finance Issues Clarifications with Regard to Different Aspects of the Pradhan Mantri Jan Dhan Yojana (PMJDY) Including about Availing of Benefits Under the Yojana Various queries or questions have been raised from time to time with regard to different aspects of the … Read more
All the Ministries/Departments of Govt. of India have been requested to upload the reply to RTI application and first appeal on their respective websites
Press Information Bureau Government of IndiaMinistry of Personnel, Public Grievances & Pensions 17-December-2014 17:04 IST Uploading RTI Applications A facility to upload the reply of RTI applications and first appeals on the respective website of the Ministry/Department has been started from 31st October, 2014 vide Office Memorandum No. 1/1/2013-IR dated 21/10/2014 of this Department. All the … Read more
Underwriting Auctions for Government Securities for Rs. 14,000 crore on December 19, 2014
The Government of India have announced the sale (re-issue) of the Government Stock through auctions to be held on December 19, 2014. As per revised scheme of underwriting, dated November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auctions, per Primary … Read more
RBI imposes monetary penalty on ICICI Bank and Bank of Baroda for violating KYC/AML Instructions
The Reserve Bank of India has imposed monetary penalty on the following two banks for violation of its instructions, among other things, on know your customer/anti money laundering Know Your Customer(KYC)/Anti Money Laundering (AML). The details of the penalty are: Sl. No. Name of the bank Penalty Amount (in Rs.) 1 ICICI Bank Ltd. 5.00 … Read more
ICAI Holding a Fresh Common Proficiency Test (CPT) for candidates of Mathura examination centre on 21st December 2014
Important Announcement CPT held on 14th December 2014, at Mathura examination centre. Candidates with the following Roll numbers, who were admitted to the CPT held on 14th December 2014 for appearing at the above mentioned centre at Mathura (U.P), are required to appear once again, in the Fresh CPT examination at Kanha … Read more
Meaning of “Substantially financed by the Government” for the purposes of clause (23C) of section 10 – CBDT Notification
MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION INCOME-TAX New Delhi, the 12th December, 2014 S.O. 3168 (E). – In exercise of the powers conferred by section 295 read with sub-clauses (iiiab) and (iiiac) of clause (23C) of section 10of the Income-tax Act, 1961 (43 of 1961), the Central Board … Read more