Key Audit Matters - KAM for Bank Branch Audit
Posted Date : 23-Mar-2020 , 09:10:54 am | Posted By CASANSAAR
Key Audit Matters - KAM for Bank Branch Statutotry Audit as explained by CA.Amarjit Chopra Ji (Past President, ICAI)
Watch this Video, Click on the link,,,
https://youtu.be/4A33HkVS-Yw
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Bank Branch Audit |
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Officially or unofficially, India in lockdown, restrictions put in place in 82 districts
Posted Date : 23-Mar-2020 , 09:06:11 am | Posted By CASANSAAR
Even as the day-long nationwide “janata curfew” called for by Prime Minister Narendra Modi drew to a close on Sunday evening, much of India came under a lockdown with most state governments extending total public transport shutdown and other restrictions for varying periods to fight the ...
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General |
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BSE, NSE to operate as usual on March 23
Posted Date : 23-Mar-2020 , 08:51:17 am | Posted By CASANSAAR
"All segments at BSE will operate as usual on Monday, 23 March 2020," a BSE spokesperson said.
Similarly, all segments of NSE will also operate on Monday.
The news puts to rest uncertainty over the continuity of the stock market in light of the lockdown the central government has imp...
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Shares & Stock |
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Bank branches to provide only essential services from March 23 - IBA
Posted Date : 23-Mar-2020 , 08:37:25 am | Posted By CASANSAAR
With the impact of the coronavirus pandemic being felt across the country, the Indian Banks’ Association (IBA) on Sunday said bank branches will provide only essential services such as cash deposits and withdrawals, clearing of cheques, remittances and government transactions from March 23, 20...
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Banking |
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Canada invites 668 Express Entry candidates to apply for PR
Posted Date : 21-Mar-2020 , 10:26:23 am | Posted By CASANSAAR
The Government of Canada has released the details of this week’s Express Entry draw, inviting 668 candidates to apply for permanent residence.
Invitations were received on March 18, however official details of the draw were released today, March 20. This draw brings the total number of invi...
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Category :
International Business |
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Companies, LLPs to be told to submit Covid-19 readiness form
Posted Date : 21-Mar-2020 , 10:03:34 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) plans to soon come up with a simple web-based form for companies and limited liability partnerships (LLPs) to confirm their readiness to deal with the Covid-19 threat.
The web form — to be named CAR (Company Affirmation of Readiness towards Covid-19) ...
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Category :
Corporate Law |
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RBI to inject Rs 30,000 Cr liquidity into market next week
Posted Date : 20-Mar-2020 , 09:07:58 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) will inject liquidity of Rs 30,000 crore through open market operations next week to maintain financial stability in the system in the wake of the coronavirus outbreak.
The RBI has decided to conduct purchase of government securities under open market operations (O...
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RBI |
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Govt advises Companies to implement Work from Home policy
Posted Date : 20-Mar-2020 , 08:59:26 pm | Posted By CASANSAAR
The government has advised companies to implement 'Work from Home' policy for their staff to encourage "social distancing" to curb spreading of coronavirus infections.
As part of relaxations in compliance requirements, the corporate affairs ministry has allowed companies t...
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Category :
General |
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NCLT not to accept any fresh filings till March 27
Posted Date : 20-Mar-2020 , 08:07:48 am | Posted By CASANSAAR
All benches of the National Company Law Tribunal (NCLT) will not accept fresh filings till March 27, said a notification on Thursday.
"It is observed that all NCLT benches have become crowded filing counters, which may lead to community transmission of COVID-19 therefore, it is decided to cl...
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Category :
Corporate Law |
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0 | Hits : 1217
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PM calls for Janta Curfew, urges people to stay indoors
Posted Date : 20-Mar-2020 , 07:50:19 am | Posted By CASANSAAR
Prime Minister Narendra Modi on Thursday made a fervent appeal to all Indians to stay indoors as much as possible to avoid getting infected by coronavirus, saying the world has never seen a danger as grave as this.
He called for 'Janta curfew' on March 22 from 7 am-9 pm, saying no citizen...
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General |
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Bank Branch Audit 2020 Updates
Posted Date : 19-Mar-2020 , 09:38:13 pm | Posted By CASANSAAR
As per reliable source - RBI has send the panel for Statutory Bank Auditors to Banks.
Following Banks has started sending mails (it can be region wise) as informed by members :-
(www.casansaar.com)
Bank of India.
Bank of Maharashtra.
Andhra Bank.
Allahabad Bank.
Indian B...
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Category :
Bank Branch Audit |
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Video recording of the Webinar on Bank Branch Statutory Audit
Posted Date : 19-Mar-2020 , 12:06:27 pm | Posted By CASANSAAR
Have you missed the Webinar on Bank Branch Statutory Audit?
Don't worry...
Plz find below the link for Video recording of the Webinar on Bank Branch Statutory Audit by CA. Amarjit Chopra ji (Past President, ICAI)
https://youtu.be/B_CBPgb-0-Y
Dont Forget to Subscribe CA Sansaar YouTub...
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Category :
Bank Branch Audit |
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YES Bank gets Rs 60k Cr credit line from RBI to resume operations
Posted Date : 19-Mar-2020 , 08:38:53 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has extended a credit line of Rs 60,000 crore to YES Bank to ensure that the bank is able to meet its obligations to depositors as it resumed its full-service operations on Wednesday, according to sources familiar with the development.
RBI Governor Shaktikanta Das ...
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Category :
Banking |
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0 | Hits : 798
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PM Modi to address nation tonight on Coronavirus
Posted Date : 19-Mar-2020 , 08:31:17 am | Posted By CASANSAAR
Prime Minister Narendra Modi chaired a high-level meeting to review the ongoing efforts to tackle COVID-19 on March 18.
He is scheduled to address the nation on March 19 at 8 p.m., during which he will talk about issues relating to COVID-19 and the efforts to combat it.
“During the meeti...
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Category :
Income Tax |
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0 | Hits : 714
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Webinar on Bank Branch Statutory Audit also on YouTube
Posted Date : 18-Mar-2020 , 09:29:39 am | Posted By CASANSAAR
Thank you very much for an overwhelming response for the Webinar on Bank Audit by CA. Amarjit Chopra ji on 18th March 2020 from 03:30 PM to 05:30 PM.
If you haven't received the link at your email id because of overwhelming response then also you can watch Live Webinar on YouTube.
ht...
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Category :
Bank Branch Audit |
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Bank branches could be shut for 4 days next week due to strike, holidays
Posted Date : 18-Mar-2020 , 09:20:01 am | Posted By CASANSAAR
Bank branches could be open only for three days next week due to a day-long bank strike and other bank holidays. To protest against the mega merger plan of 10 PSU banks into four larger banks, the All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) ...
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Category :
Banking |
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Govt set to overhaul Audit regime to check lapses in governance
Posted Date : 18-Mar-2020 , 09:17:29 am | Posted By CASANSAAR
The Ministry of Corporate Affairs is set to make major changes to the framework of statutory audits to ensure that managements cannot arm-twist or tempt auditors into overlooking governance lapses.
The proposed changes will mostly be through rules under the Companies Act as well as through change...
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Category :
Auditing |
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0 | Hits : 1702
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Vivad Se Vishwas Scheme Procedure
Posted Date : 17-Mar-2020 , 11:15:55 am | Posted By CASANSAAR
Procedure for Vivad Se Vishwas Scheme,
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https://youtu.be/UKC1YUcRDBc
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Category :
Income Tax |
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RBI unveils Rs 1 Lakh Cr liquidity infusion to fight virus effect
Posted Date : 17-Mar-2020 , 09:17:10 am | Posted By CASANSAAR
Reserve Bank of India (RBI) governor Shaktikanta Das announced a Rs 1-lakh-crore liquidity infusion for banks through a long-term repo operation (LTRO) at the central bank’s policy rate of 5.15%. It also announced a second six-month dollar-swap facility. Under this, the central bank will make ...
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RBI |
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Former CJI Ranjan Gogoi nominated to Rajya Sabha
Posted Date : 17-Mar-2020 , 09:08:57 am | Posted By CASANSAAR
President Ram Nath Kovind on Monday nominated former Chief Justice of India (CJI) Ranjan Gogoi to the Rajya Sabha.
“In exercise of the powers conferred by sub-clause (a) of clause (1) of article 80 of the Constitution of India, read with clause (3) of that article, President is pleased to n...
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Category :
General |
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Canada to welcome One Million immigrants over next 3 years
Posted Date : 16-Mar-2020 , 12:06:37 pm | Posted By CASANSAAR
Canada aims to welcome over 10 lakh immigrants over the next three years, up to 2022. This spells good news for skilled Indians, especially those in the technology sector. Given the challenges thrown up by the US immigration policies Canada has emerged as an attractive alternate destination.
Acco...
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Category :
International Business |
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RBI issues new rules for Debit / Credit Cards
Posted Date : 16-Mar-2020 , 11:57:52 am | Posted By CASANSAAR
The new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. In January, the Reserve Bank of India (RBI) had issued new rules to improve user convenience and increase the security of card transactions. These rules will help in curbing the misuse of debit and c...
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RBI |
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Outcomes of 39th GST Council Meeting | Updates of 39th GST Council Meeting
Posted Date : 15-Mar-2020 , 09:22:35 am | Posted By CASANSAAR
Updates of 39th GST Council Meeting explained by CA. Hajela.
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https://youtu.be/bWRjwsCw3vA...
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Category :
GST |
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Vivad Se Vishwas Scheme Eligibility
Posted Date : 14-Mar-2020 , 10:12:02 am | Posted By CASANSAAR
Eligibility Criteria for availing Vivad Se Vishwas Scheme discussed by CA. (Adv) Kapil Goel with CA. Vivek Khurana.
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https://youtu.be/RORU_GTvK00
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Category :
Income Tax |
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0 | Hits : 1158
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RBI issues guidelines for Ind AS implementation by NBFCs, ARCs
Posted Date : 14-Mar-2020 , 10:05:00 am | Posted By CASANSAAR
The Reserve Bank on Friday came out with regulatory guidelines for implementation of Indian Accounting Standards (Ind AS) by non-banking financial companies (NBFCs) and asset reconstruction companies (ARCs) while preparing their financial results.
The guidelines, which are aimed at promotin...
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RBI |
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ITC frauds under GST rise 170% in just nine months of FY20
Posted Date : 14-Mar-2020 , 09:52:46 am | Posted By CASANSAAR
The number of input tax credit (ITC) fraud cases under Goods & Services Tax (GST) in the first nine months of this financial year has risen 170 per cent more than that reported in the whole of last fiscal. During the same period, the amount involved is nearly 80 per cent of full FY19.
Accordi...
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Category :
GST |
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Cabinet approves reconstruction scheme for Yes Bank
Posted Date : 13-Mar-2020 , 10:12:51 pm | Posted By CASANSAAR
The Union Cabinet Friday approved reconstruction scheme for Yes Bank under which SBI will acquire 49 per cent stake in the crisis-ridden private sector bank.
Finance Minister Nirmala Sitharaman said the Union Cabinet has approved the reconstruction scheme for Yes Bank as suggested by the Reserve ...
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Category :
Banking |
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Parliament passes Vivad Se Vishwas Bill for settlement of Direct Tax disputes
Posted Date : 13-Mar-2020 , 09:49:03 pm | Posted By CASANSAAR
Parliament has passed the Vivad Se Vishwas Bill, 2020 today. The bill provides a waiver on interest, penalty and prosecution for settlement of Direct Tax disputes. It grants a complete waiver on interest and penalty when the disputed amount is paid before 31st of this month, and provisions an additi...
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Category :
Income Tax |
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Govt. approves Rs 7,660 crore green highway project in four states including UP
Posted Date : 13-Mar-2020 , 05:40:26 pm | Posted By CASANSAAR
The government on Friday approved a proposal for the construction of 780 km of green highways at a cost of Rs 7,660 crore. "The Cabinet has approved building 780-km 'green' National Highway project at a cost of Rs 7,660 crore," Union Minister Prakash Javadekar told reporters after ...
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Category :
General |
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e-Invoicing Process under GST
Posted Date : 13-Mar-2020 , 03:29:14 pm | Posted By CASANSAAR
e-Invoicing Process under GST explained by Mr. Gaurav Mohan.
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https://www.youtube.com/watch?v=3x1giycA-eA
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Category :
GST |
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