Advisory on Mentioning Fees in Advertisements issued by Members - ICAI
Posted Date : 29-Apr-2020 , 09:55:23 am | Posted By CASANSAAR
Certain concerns have been raised by members as to whether it is permissible to advertise the services rendered by them, while also mentioning that Professional Fees with regard to individuals engaged in Community service would be charged lesser than what is usually charged by them/ free of charge b...
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ICAI |
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RBI may appoint additional Bank Branch Auditors in case of refusal by existing
Posted Date : 28-Apr-2020 , 09:27:17 am | Posted By CASANSAAR
In case Banks face problems on account of refusal to take up assignments by the branch auditors, they can approach RBI for approval to appoint additional audit firms selected from the list of recommended audit firms made available by RBI.
RBI has given public sector banks (PSBs) some flexibility ...
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Bank Branch Audit |
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CBDT takes action against three IRS officers for controversial tax report
Posted Date : 28-Apr-2020 , 09:16:36 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has stripped three senior officers of their current responsibilities for allegedly breaching service rules in preparing a policy document suggesting ways to deal with the coronavirus pandemic and making it public.
CBDT has charged three Indian Revenue Serv...
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CBDT |
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Franklin Templeton MF suspends six more schemes
Posted Date : 27-Apr-2020 , 10:54:57 am | Posted By CASANSAAR
Franklin Templeton MF, the troubled fund house that was forced to close six of its debt funds due to extreme liquidity in the market, has marked down six fund of funds (FoFs) managed by it with total assets of about Rs 933 crore. Since these FoFs had investments in two of the six funds which were cl...
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Shares & Stock |
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Online Bank Branch Statutory Audit | Bank Audit | e-Audit of Bank Branch
Posted Date : 26-Apr-2020 , 10:47:47 am | Posted By CASANSAAR
How Chartered Accountants can conduct Online Bank Branch Statutory Audit during this COVID -19 Pandemic Situation discussed by CA. Ashish Gupta also discussed on latest
RBI Circular on Interest Subvention (IS) and Prompt Repayment Incentive (PRI) for Short Term Crop Loans.
RBI/2019-20/224
FIDD.CO...
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Bank Branch Audit |
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IBBI excludes lockdown from resolution time frame
Posted Date : 26-Apr-2020 , 10:34:33 am | Posted By CASANSAAR
The insolvency regulator has issued notifications to exclude the lockdown period following the Covid-19 outbreak from the time frames governing corporate insolvency resolution or liquidation processes.
Introducing a special provision in the IBBI (Insolvency Resolution Process for Corporate Person...
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Corporate Law |
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SEBI slaps Rs 30 lakh fine on six entities for fraudulent trade
Posted Date : 26-Apr-2020 , 10:30:09 am | Posted By CASANSAAR
Markets regulator Sebi has imposed a total penalty of Rs 30 lakhs on six individuals for indulging in fraudulent trading in the shares of Mapro Industries.
The regulator through an order levied a fine of Rs 6 lakh each on six persons Bijay Kumar Chourasia, Shyam Kanheyalal Vyas, Jyoti Jha, Mukund...
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SEBI |
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Govt declares banking industry as a public utility service for six months till October 21
Posted Date : 25-Apr-2020 , 10:27:09 am | Posted By CASANSAAR
Government has declared banking industry as a public utility service for six months till October 21 under the provisions of the Industrial Disputes Act.
Bringing banking services under the provisions of this Act means that the banking sector would not see any strikes by employees or officers duri...
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Banking |
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Companies Fresh Start Scheme | LLP Settlement Scheme | CFSS 2020
Posted Date : 25-Apr-2020 , 10:17:55 am | Posted By CASANSAAR
Companies Fresh Start Scheme 2020 and LLP Settlement Scheme 2020 discussed by Adv.(CA) Arun Saxena,.,.,
https://youtu.be/oRJpkPCaXYg
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Corporate Law |
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RBI allows banks to issue electronic cards for overdraft accounts
Posted Date : 25-Apr-2020 , 10:14:55 am | Posted By CASANSAAR
Reserve Bank of India permitted banks to issue electronic cards to persons having overdraft accounts that are only in the nature of personal loan without any specific end-use restrictions.
Banks, as per the central bank's July 2015 directions, were permitted to issue debit cards to customers ...
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RBI |
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MHA allows reopening of all shops excluding malls in non-hotspot areas
Posted Date : 25-Apr-2020 , 09:48:39 am | Posted By CASANSAAR
Ministry of Home Affairs allowing certain categories of shops registered under the Shops and Establishment Act to open. The order said that shops in market complexes outside municipal corporation and municipality limits, are exempt from revised consolidated lockdown restrictions.
The government a...
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General |
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Invitation for Public Comments on Draft Valuers Bill, 2020
Posted Date : 25-Apr-2020 , 09:40:02 am | Posted By CASANSAAR
Government of India
Ministry of Corporate Affairs
(PI Section)
Invitation for Public Comments on Draft Valuers Bill, 2020
Ministry of Corporate Affairs had constituted a...
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Companies Act |
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Search and Seizure under Income Tax
Posted Date : 24-Apr-2020 , 10:57:10 am | Posted By CASANSAAR
Law Relating to Search and Seizure under Income Tax Explained by Dr.(CA) Rakesh Gupta, Ex Member - ITAT (Income Tax Appellate Tribunal).
https://youtu.be/16zBYHC68Ks
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Category :
Income Tax |
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SEBI relaxes valuation norms for mutual funds
Posted Date : 24-Apr-2020 , 10:57:01 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Thursday relaxed valuation norms on money and debt market instruments held by mutual funds in the wake of the loan moratorium for companies by the Reserve Bank of India on account of the business disruptions caused by the ongoing lockdown.
The ...
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SEBI |
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MCA extends period for filing of names for companies and re-submission of forms
Posted Date : 24-Apr-2020 , 10:55:47 am | Posted By CASANSAAR
MCA extends period for filing of names for companies and re-submission of forms....
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MCA |
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GST PMT 09 Live on GST Portal | File GST PMT-09
Posted Date : 23-Apr-2020 , 10:27:02 am | Posted By CASANSAAR
GST portal update Form PMT-09 is live on GST Portal. How taxpayer can transfer cash balance under one head to another head explained by CA. Mansi Vohra..
https://youtu.be/5Z-051O07Tw
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GST |
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MCA allows companies to hold first AGM before September 30
Posted Date : 23-Apr-2020 , 10:15:49 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) allowed companies whose financial year ended in December, to hold their first Annual General Meeting (AGMs) within the first nine months of their current fiscal or September 30, without it being viewed as a violation under the Companies Act.
The relaxation ...
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Corporate Law |
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Bank Audit using Excel | Excel Tips and Tricks for Bank Audit - Part 2
Posted Date : 22-Apr-2020 , 10:24:07 am | Posted By CASANSAAR
How Excel can help in doing Bank Audits | Excel Tips and Tricks for Bank Audit - Part 2 discussed by CA. Deepak Garg. Watch the Video,,,.,
https://youtu.be/gHGTRzaEhdM
Dont Forget to Subscribe CA Sansaar YouTube Channel.
...
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Bank Branch Audit |
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RBI asks banks to extend all benefits announced by govt pertaining to short-term crop loans to farmers
Posted Date : 22-Apr-2020 , 10:22:18 am | Posted By CASANSAAR
The Reserve Bank of India has asked banks to extend the benefit of interest subvention (IS) and prompt repayment incentive (PRI) for short-term crop loans to farmers till 31st May, 2020. In a notification, RBI said, it has observed that many farmers are not able to travel to bank branches for paymen...
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RBI |
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Emails to taxpayers for tax refund should not be misconstrued - CBDT
Posted Date : 22-Apr-2020 , 10:19:28 am | Posted By CASANSAAR
The Central Board of Direct Taxes, CBDT, today refuted rumours circulated on social media alleging that the Income Tax Department is pursuing recovery proceedings and using arm-twisting methods by adjusting outstanding demands of the start-ups. CBDT stated these observations completely unfounded and...
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CBDT |
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SEBI eases fund raising norms for share sales, rights issues
Posted Date : 22-Apr-2020 , 10:16:27 am | Posted By CASANSAAR
India’s markets regulator on Tuesday said it has granted a one-time relaxation in its primary market fund-raising norms to make it easier for companies to raise capital amid the covid-19 pandemic.
The Securities and Exchange Board of India (Sebi) has extended its period of approval for init...
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SEBI |
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Amendments in TDS Provisions by Finance Act 2020 | Changes in TDS Provisions
Posted Date : 21-Apr-2020 , 11:09:58 am | Posted By CASANSAAR
Amendments in TDS Provisions by Finance Act 2020 discussed by CA.Saloni Varshney. Watch the Video,,,,
https://youtu.be/LUcxlQUSc4I
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TDS |
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SEBI extends trading curbs to contain market volatility till May end
Posted Date : 21-Apr-2020 , 11:09:44 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Monday said the measures aimed at containing the wild swings in stock prices would continue till the end of next month.
On March 20, the markets regulator had imposed temporary restrictions on short-selling, increased margin requirements, and h...
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SEBI |
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ED attaches assets worth Rs.175.29 Cr in bank fraud case
Posted Date : 21-Apr-2020 , 11:08:05 am | Posted By CASANSAAR
The Enforcement Directorate (ED) has attached 124 immovable properties worth more than Rs 175 crore of a West Bengal-based company in connection with a money laundering probe linked to an alleged bank fraud case, the agency said on Monday.
It said a provisional order for attachment of the assets ...
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Banking |
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RBI Circular | Assets Classification and Provisioning | NPA Identifications
Posted Date : 20-Apr-2020 , 08:58:49 am | Posted By CASANSAAR
RBI Latest Circular on Assets Classification and Provisioning and Identification of NPA for Bank Audits discussed by CA. Ashish Gupta. Watch this Video,,,
https://youtu.be/bSPo2Z94u88
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RBI |
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SEBI, MCA seek essential service status for Auditors of listed companies
Posted Date : 20-Apr-2020 , 08:51:15 am | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India (Sebi) has written to the Ministry of Corporate Affairs to take up the matter of permitting auditors of listed companies to operate from April 20, 2020 with the Ministry of Home Affairs. The Home Ministry through a recent notification exempted ...
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SEBI |
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CBDT revised return forms for FY 2019-20 to be notified by end of this month
Posted Date : 20-Apr-2020 , 08:46:03 am | Posted By CASANSAAR
Central Board of Direct Taxes is revising the return forms for Financial Year 2019-20 which shall be notified by the end of this month. This is being done in order to enable income tax payers to avail full benefit of various timeline extensions upto 30th of June granted by Centre due to COVID-19 pan...
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CBDT |
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Series of Webinar for PM Cares Fund - Not on Zoom
Posted Date : 19-Apr-2020 , 12:29:40 pm | Posted By CASANSAAR
On the Request of Members,,,,
CA Sansaar is going to organise again Series of Webinar for Members' interest and also for the PM Cares Fund.
Seminar Participation Fees :- Pay Any Amount as per your discretion to PM Cares Fund. (Rs.21/-, Rs.51/- or Rs.101/-)
...
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International Business |
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LFAR | Long Form Audit Report | Bank Branch Audit | Bank Audit Planning
Posted Date : 19-Apr-2020 , 10:27:45 am | Posted By CASANSAAR
Bank Audit Planning and clause by clause discussion on LFAR (Long Form Audit Report) by CA. Nayan R.Kothari. Watch this Video,,,
https://youtu.be/61xzOclEC4k
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Bank Branch Audit |
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0 | Hits : 1936
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Firm, individual from country sharing border with India can invest only after govt approval - DPIIT
Posted Date : 19-Apr-2020 , 10:21:03 am | Posted By CASANSAAR
A company or an individual from a country that shares land border with India can invest in any sector here only after getting government approval, according to DPIIT.
The decision, which is likely to impact foreign investments from countries like China, has been taken to curb "opportunistic ...
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International Business |
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