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News Category : CA

35 to 40 CAs under RBI scanner in loan defaults by various companies
Posted Date : 09-Apr-2018 , 08:37:51 am | Posted By CASANSAAR

With the Reserve Bank of India (RBI) cracking the whip on bad loans menace, more than three dozen chartered accountants are under the scanner for allegedly conniving with promoters in defaulting as well as restructuring the stressed assets, officials said. At a time when more number of companies ...

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Category : CA | Comments : 1 | Hits : 3707

CAs, CSs and CMAs will come under SEBI ambit
Posted Date : 04-Apr-2018 , 09:27:49 am | Posted By CASANSAAR

Chartered Accountants, Cost Accountants and Company Secretaries may soon come under the ambit of the capital markets regulator. The Securities and Exchange Board of India will issue rules that will put the onus on chartered accountants, company secretaries, cost accountants, valuers and monitoring a...

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Category : CA | Comments : 0 | Hits : 3223

CA Megha Jain created history by flying from 18,400 Mtrs
Posted Date : 26-Mar-2018 , 04:15:21 pm | Posted By CASANSAAR

CA Megha Jain (2011 batch) created history to become the “First Indian civilian lady to record her name in LIMCA BOOKS OF RECORDS-2018 for flying fighter plane MIG29” on touching heights of around 18,400 m with a top speed of 1,850 km/hr over Sokol Airbase in Nizhny Novgorod, Russia.&nbs...

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Category : CA | Comments : 1 | Hits : 2027

NFRA to be run by bureaucrats, sans CAs
Posted Date : 08-Mar-2018 , 08:53:33 am | Posted By CASANSAAR

The Centre's new body to regulate accounting and audit professionals, the National Financial Regulatory Authority (NFRA), will not have any representation from chartered or cost accountants and could essentially be a body run by retired bureaucrats. This is mainly aimed to ensure that regulation...

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Category : CA | Comments : 5 | Hits : 2473

Govt moves to set up new regulator for CAs
Posted Date : 28-Feb-2018 , 10:40:37 am | Posted By CASANSAAR

The scam at state-run Punjab National Bank has prompted the government to move on setting up a new agency to regulate and discipline auditors, almost five years after the law provided for it. Setting up of the National Financial Reporting Authority, a new agency provided for in the Companies Act,...

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Category : CA | Comments : 0 | Hits : 1962

Government wants Auditors to be Audited
Posted Date : 23-Feb-2018 , 10:26:46 am | Posted By CASANSAAR

In the aftermath of the Rs 11,400-crore Punjab National Bank (PNB) fraud, the finance ministry is planning to create a National Financial Reporting Authority, which will work as a regulatory body for accountants (CAs) and audit firms with a power to penalise them for their misconduct. “The ...

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Category : CA | Comments : 0 | Hits : 3022

CAs cannot get away just by citing red flags - Govt
Posted Date : 21-Feb-2018 , 11:15:30 pm | Posted By CASANSAAR

Auditors may not be able to get away by citing “red flags” raised by them in fraud-hit companies as the government is set to crack down on errant entities, including those associated with Nirav Modi, Mehul Choksi and Punjab National Bank (PNB), which are at the centre of the over Rs 11,3...

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Category : CA | Comments : 1 | Hits : 1846

Government in favour of separate regulator for CAs
Posted Date : 29-Dec-2017 , 07:02:50 pm | Posted By CASANSAAR

The Government is in favour of an independent regulator to oversee compliance with accounting and auditing standards as well as for oversight of audit professionals, Parliament was informed today. However, the Institute of Chartered Accountants of India (ICAI) is of the view that existing framewo...

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Category : CA | Comments : 0 | Hits : 1856

Over 470 disciplinary cases filed against CAs till July this year
Posted Date : 22-Dec-2017 , 09:04:06 am | Posted By CASANSAAR

The number of disciplinary cases registered against chartered accountants (CA) in the first six months of this year was twice as many as that of the same period in 2016, a reply to a Right to Information (RTI) plea has disclosed. These cases involve members of the Institute of Chartered Accountan...

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Category : CA | Comments : 0 | Hits : 2151

Indian CAs in great demand as UAE looks to implement VAT
Posted Date : 04-Dec-2017 , 09:55:36 am | Posted By CASANSAAR

Indian chartered accountants (CAs), who have gone through the rigour of interpreting and implementing the Goods and Services Tax (GST), dubbed the most complicated tax law, are in great demand in the United Arab Emirates (UAE) and other Gulf countries these days.  Their knowledge of Hindi ha...

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Category : CA | Comments : 0 | Hits : 4311

CA S Ravi appointed as new ChairMan of BSE
Posted Date : 19-Nov-2017 , 02:19:46 am | Posted By CASANSAAR

Eminent chartered accountant Sethurathnam Ravi has been appointed as the chairman of the leading stock exchange BSE.  CA Ravi, who was a public interest director at the BSE, replaces Dhirendra Swarup.  In a regulatory filing, BSE said that Sebi has "approved the appointment of R...

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Category : CA | Comments : 0 | Hits : 416

Domain + Website + Hosting + 2 email ids @ Just Rs.3100/- with 30 days Money Back Guarantee.
Posted Date : 25-Sep-2017 , 06:23:27 am | Posted By CASANSAAR

CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose.  It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish.  ...

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Category : CA | Comments : 0 | Hits : 953

No papers to show CA's link with offence in Money laundering Case says Court
Posted Date : 14-Sep-2017 , 08:37:45 am | Posted By CASANSAAR

A special court earlier this week granted bail to CA Rajesh Aggarwal, arrested in a money-laundering case, on the grounds that there are “no documents on record” to show that he is connected with the commission of offence under Sections 3 and 4 of the Prevention of Money Laundering Act. ...

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Category : CA | Comments : 0 | Hits : 2651

CA Piyush Goyal takes place of CA Suresh Prabhu
Posted Date : 04-Sep-2017 , 08:38:03 am | Posted By CASANSAAR

One chartered accountant by profession, Piyush Goyal, has replaced another, Suresh Prabhu, in the Rail Bhawan. The country, however, hopes the days of finance-centric administration of the Railways will be over and the new man will strike a balance between operations, finance and infrastructure. ...

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Category : CA | Comments : 0 | Hits : 496

CASANSAAR Free Placement Cell for CA, CS, CMAs (For Job Seekers & Job Recruiters)
Posted Date : 29-Aug-2017 , 10:59:12 pm | Posted By CASANSAAR

CASANSAAR is pleased to announce the launch of CASANSAAR Free Placement Cell for CA, CS, CMAs once again. This Cell will assist Job Seekers & Job Recruiters for best fit..   If you have requirement of CA / CS / CMA's in your office / Firm / ...

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Category : CA | Comments : 0 | Hits : 1802

Youngest student clear CA, CS and CMA at the age of 21 years
Posted Date : 28-Aug-2017 , 10:23:48 pm | Posted By CASANSAAR

At the age of 21 years this diamond city resident holds four degrees of which three are considered few of the toughest courses in country. Aditya Jhavar, a resident of Parvat Patiya area in city, became the youngest student to clear company secretary (CS), chartered accountant (CA) and cost and mana...

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Category : CA | Comments : 0 | Hits : 1240

Beware of fake mails regarding Job Openings
Posted Date : 29-Jul-2017 , 08:00:55 am | Posted By CASANSAAR

Respected Professional Colleagues,   We would like to aware you that there are some fake agencies who mail you the  Job Appointment/Offer Letters in the name of some reputed companies and ask for some handsome amount from you (as a refundable security amount). And It will seem to ...

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Category : CA | Comments : 0 | Hits : 684

Govt plans NFRA to keep check on CAs
Posted Date : 24-Jul-2017 , 08:13:31 am | Posted By CASANSAAR

The government is reviewing plans to put in place the National Financial Reporting Authority (NFRA) as it seeks to rein in the Institute of Chartered Accounts for India (ICAI) for its perceived failure in enforcing discipline. While Companies Act 2013 had provided for NFRA as a regulatory agency ...

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Category : CA | Comments : 0 | Hits : 1262

CBDT sends names of 12 CAs indulging in tax evasion to ICAI
Posted Date : 04-Jul-2017 , 12:56:55 pm | Posted By CASANSAAR

In a move to crackdown on Chartered Accountants indulging in unethical tax evasion, Central Board of Direct Taxes (CBDT) has sent a list of 12 CAs to the Institute of Chartered Accountants of India (ICAI) for action. The move comes a day after Prime Minister Narendra Modi urged CAs to work against t...

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Category : CA | Comments : 0 | Hits : 3952

PM Narendra Modi will launch revised syllabus for CA students on July 1
Posted Date : 26-Jun-2017 , 09:25:35 pm | Posted By CASANSAAR

Prime Minister Narendra Modi will launch a revised syllabus for Chartered Accountancy students from July 1 this year, according to the former president of Institute of Chartered Accountants of India (ICAI), G Ramaswamy, who claimed that the number of students pursuing CA will increase in the next fe...

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Category : CA | Comments : 0 | Hits : 1228

Nepali CAs get enrolled with ICAI to be barred from practice in Nepal
Posted Date : 26-Jun-2017 , 09:19:06 pm | Posted By CASANSAAR

Chartered accountants, who get enrolled in the Indian chartered accountant institute after mid-July ’18 will not get a licence to practice chartered accountancy in Nepal. The Institute of Chartered Accountants of Nepal (ICAN), the regulatory body for chartered accountants, has taken a decis...

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Category : CA | Comments : 0 | Hits : 564

CAs could be punished for money laundering if clients hide ill-gotten wealth
Posted Date : 14-Jun-2017 , 08:18:40 am | Posted By CASANSAAR

The Government has moved to punish Chartered Accountants if they help clients hide ill-gotten wealth through opaque bank transactions, or money laundering, two top officials said on Tuesday. The proposal to tweak the Prevention of Money Laundering Act (PMLA) came from the revenue department on th...

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Category : CA | Comments : 0 | Hits : 4171

CAs move Madras HC against Rs 10,000 penalty provision
Posted Date : 06-May-2017 , 09:20:27 pm | Posted By CASANSAAR

The provision of Rs 10,000 penalty against chartered accountants (CAs) for each wrong certification or report, introduced in Finance Act 2017, has been challenged in Madras High Court. The court has accepted the objection and has asked the Central Board of Direct Taxes (CBDT) and the government t...

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Category : CA | Comments : 0 | Hits : 835

Missing Delhi based CA student returns home from Nepal
Posted Date : 22-Mar-2017 , 09:22:03 am | Posted By CASANSAAR

Delhi-based chartered accountancy (CA) student Shubham Maheshwari, who was missing for over a month, returned to his native place in Hathras on Monday night, police and his family confirmed. According to the police, their preliminary investigation revealed that Shubham had gone to Nepal on his ow...

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Category : CA | Comments : 0 | Hits : 4758

CAs, advocates helped in laundering illicit cash - Govt
Posted Date : 17-Mar-2017 , 05:22:40 pm | Posted By CASANSAAR

Serious Fraud Investigation Office (SFIO) has found that chartered accountants and advocates helped 559 people launder Rs 3,790 crore in cash, Parliament was informed today. Without giving direct reply to a query on whether shell companies swindled Rs 3,900 crore during the demonetisation period,...

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Category : CA | Comments : 0 | Hits : 5099

Happy Women's Day - Youngest woman CA in country clears exam at 19
Posted Date : 08-Mar-2017 , 09:11:24 am | Posted By CASANSAAR

Many spend years to clear the chartered accountancy exam but this 19-year-old girl did it in one go and became the youngest woman to become a CA in country. She is entering a field that is largely dominated by men at a tender age, but doesn't find it challenging at all. "I don't th...

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Category : CA | Comments : 0 | Hits : 1277

CA Student goes missing from Noida
Posted Date : 21-Feb-2017 , 07:28:48 am | Posted By CASANSAAR

A 23-year-old chartered accountancy course student has been missing for the past two days, police said.  They said Shubam Maheshwari, who is from Hathras and a final year CA student in Delhi, went missing on Saturday after he left for his hometown from Anand Vihar bus terminal. Around 9.3...

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Category : CA | Comments : 0 | Hits : 1726

Domain + Website + Hosting + 2 email ids @ Just Rs.2999/- with 30 days Money Back Guarantee
Posted Date : 16-Jan-2017 , 09:47:48 am | Posted By CASANSAAR

CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose.  It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish.  ...

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Category : CA | Comments : 0 | Hits : 755

I Tax Dept set to initiate criminal action against Mahesh Shah and his CA
Posted Date : 23-Dec-2016 , 08:54:21 am | Posted By CASANSAAR

Income-Tax authorities are set to initiate criminal action against realtor Mahesh Shah and his Chartered Accountant (CA) Tehmul Sethna for filing a “false” declaration of Rs. 13,860 crore black money under the Centre’s Income Disclosure Scheme (IDS). Mr. Shah had declared unacco...

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Category : CA | Comments : 0 | Hits : 914

CA, CS, CMA and Advocates can serve as insolvency Professionals
Posted Date : 24-Nov-2016 , 08:30:57 am | Posted By CASANSAAR

Insolvency and Bankruptcy Board (IBBI) of India notifies (Insolvency Professional) Regulations, 2016; Regulations inter alia provide for registration, regulation and oversight of insolvency professionals under the Code; These regulations to come into effect from 29th November, 2016.    ...

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Category : CA | Comments : 0 | Hits : 2503

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