Take action against foreign accounting firms violating law - SC
Posted Date : 10-Oct-2017 , 08:46:31 am | Posted By CASANSAAR
The Supreme Court asked the government to take action against those foreign accounting firms which are operating in India and found violating the law in any manner.
A bench, comprising Justices A K Goel and U U Lalit, was informed by the Centre that they were taking action against the firms...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1540
|
 |
ICAI should have powers to penalise audit firms - SEBI
Posted Date : 09-Oct-2017 , 08:18:58 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI should have powers to punish audit firms and impose a fine of up to Rs 1 crore on erring auditors, according to the suggestions made by a Sebi panel on corporate governance.
At present, the Institute of Chartered Accountants of India (ICAI) can only impos...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1641
|
|
Double taxation happening under GST - ICAI
Posted Date : 06-Oct-2017 , 08:21:11 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has submitted suggestions to remove the instances of double taxation under goods and services tax (GST).
It claimed that provisions of reverse charge mechanism (RCM) and composition scheme are leading to cascading of taxes. Under GST, i...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2469
|
|
ICAI president Nilesh Vikamsey's daughter found dead in Mumbai
Posted Date : 05-Oct-2017 , 10:35:36 am | Posted By CASANSAAR
The Institute of Chartered Account of India (ICAI) president Nilesh Vikamsey’s daughter, who went missing on Wednesday, was found dead under mysterious cicrumstances in Mumbai on Thursday.
Mumbai Police said the deceased has been identified as Pallavi Vikamsey, 21-year-old.
Pallavi was m...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 8413
|
|
Check Online ICAI Membership Fees Payment Status
Posted Date : 17-Sep-2017 , 10:15:12 pm | Posted By CASANSAAR
Last Date for payment of Membership fees for the year 2017-18 are 30th September 2017. Following is the link where you can check whether your fees are paid or still pending
http://112.133.194.253/reprintletter/memberp.aspx
Please pay Membership and COP fee before 30th September, ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 6932
|
|
ICAI Convocation - 2017-18
Posted Date : 21-Aug-2017 , 09:06:37 am | Posted By CASANSAAR
In order to promote a sense of comradeship among members and for bringing them closer to the Institute, the Institute of Chartered Accountants of India (ICAI) organizes Convocations for distributing certificates to the newly qualified members. In fact, this is an occasion to mark th...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2185
|
|
ICAI directed to address govt units' complaints quickly
Posted Date : 06-Aug-2017 , 03:10:03 pm | Posted By CASANSAAR
Chartered accountants' apex body ICAI has been directed to resolve complaints from government organisations in a "time-bound manner", union minister Arjun Ram Meghwal said today.
The minister of state for corporate affairs informed the Lok Sabha that in the last five years, th...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1152
|
|
Govt keen to set up NFRA, to regulate Audit quality
Posted Date : 31-Jul-2017 , 08:20:51 am | Posted By CASANSAAR
If you thought that the Modi government had abandoned plans to set up National Financial Reporting Authority (NFRA) to regulate audit quality, think again.
The Centre is clearly inclined to go ahead and set up NFRA going by the latest amendment moved to the company law on Thursday last, say econo...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1046
|
|
ICAI to brainstorm on July 24 after PM’s criticism
Posted Date : 24-Jul-2017 , 08:07:07 am | Posted By CASANSAAR
Taking Prime Minister Narendra Modi’s tough talk in right earnest, ICAI will on Monday discuss the way forward on crucial issues, including improving the disciplinary mechanism and steps needed to create a ‘Big Four’ network out of India.
On July 1, while addressing a gathering ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2367
|
|
Cost Accountants give undertaking to HC on use of ICAI acronym
Posted Date : 16-Jul-2017 , 08:37:32 pm | Posted By CASANSAAR
The Institute of Cost Accountants of India has given an undertaking to the Madras High Court that it will consider changing its acronym from 'ICAI' to 'ICOAI', and submit the compliance report before it on August 21 after a meeting of the body next month.
When a petition by V Venk...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1690
|
|
ICAI penalises four for encouraging money laundering during demonetization
Posted Date : 05-Jun-2017 , 08:48:37 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India on Friday found four persons guilty of advising individuals for encouraging money laundering during the demonetisation drive.
In lieu of this, the ICAI facilitated a three-month suspension, along with a fine of Rs. one lakh each under the Chartered ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2522
|
|
ICAI proposes joint audit for Private Banks
Posted Date : 05-Jun-2017 , 08:45:00 am | Posted By CASANSAAR
To enhance the quality of audit the Institute of Chartered Accountants of India (ICAI) has proposed an introduction of a new concept of joint audit in private banks to the Finance Ministry and the Reserve Bank of India.
This process follows questions over the auditors in an estimation of NPA&rsqu...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2085
|
|
Private banks under ICAI scanner for misreporting bad loans
Posted Date : 30-May-2017 , 10:47:45 am | Posted By CASANSAAR
The apex body of chartered accountants, the Institute of Chartered Accountants of India (ICAI), sought information from the Reserve Bank of India (RBI) regarding divergence in bad loan estimates by the top private sector banks, reports livemint.com.
The report said that the 2015-16 financial stat...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1323
|
|
ICAI asks auditors to ensure proper disclosure on junked notes
Posted Date : 07-May-2017 , 07:37:48 pm | Posted By CASANSAAR
Chartered accountants’ apex body ICAI has asked its members to ensure that companies have made adequate disclosures about transactions involving canceled notes post demonetisation till December 30, 2016. Companies are required to disclose details about transactions involving scrapped notes fro...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1912
|
|
Extension of last date for submission of Application Forms in respect of CPT June, 2017 Exams - ICAI
Posted Date : 02-May-2017 , 10:26:04 am | Posted By CASANSAAR
1st May, 2017
CPT is scheduled to be held on 18th June, 2017. Students who have registered for the Common Proficiency Course on or before 3rd April, 2017 and fulfill the eligibility requirements are eligible to apply for the exam.
The last date for submission of exam application forms ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 869
|
|
ICAI finds 4 CAs guilty of Professional Misconduct
Posted Date : 28-Apr-2017 , 09:30:36 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI said it has initiated disciplinary action against four of its members for "misconduct" with respect to offering advice on exchanging old currency notes for new ones.
As part of efforts to fight the black money menace as well as curb corrup...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 3584
|
|
Marks for passing ISA (Assessment Test) reduced to 60%
Posted Date : 27-Apr-2017 , 10:29:48 am | Posted By CASANSAAR
25th April 2017 – Requirements for passing Information Systems Audit (Assessment Test)
It is hereby informed that in exercise of the authority vested with it under Regulation 204 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2112
|
|
Discontinuation of some of the Post Qualification Courses for Members - ICAI
Posted Date : 26-Apr-2017 , 09:48:35 am | Posted By CASANSAAR
The post qualification courses for members conducted by ICAI include the following:
Management Accountancy Course (MAC)
Tax Management Course (TMC)
Corporate Management Course (CMC) and
International Tax Laws and World Trade Organisation Course (ITL & WTO)
Examinations in respect of the a...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1290
|
|
Panel to review misconduct rules for accounting professionals
Posted Date : 21-Apr-2017 , 08:53:18 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) has constituted a high-level committee to review disciplinary rules and regulations governing chartered accountants, company secretaries and cost accountants.
The six-member committee, chaired by retired IAS officer Meenakshi Datta Ghosh, has been tas...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1692
|
|
Request to provide/update PAN details to avoid blocking of e-filing account by the Income-tax Department - ICAI
Posted Date : 19-Apr-2017 , 04:46:34 pm | Posted By CASANSAAR
I. Members who have not shared their PAN with ICAI
It has been informed by the Income Tax Department that the e-Filing account of the members, who have not provided their PAN details to the Institute but are using e-filing account with Income Tax Department, will be blocked by the In...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1688
|
|
Action will be taken against erring members - ICAI on ED raids
Posted Date : 14-Apr-2017 , 09:06:13 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI said disciplinary "proceedings" have been initiated against members allegedly involved in money laundering through dubious companies.
Asserting that the matter of such members would be dealt with seriously, the Institute of Chartered Accou...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2567
|
|
ICAI signs MoU with TCS iON
Posted Date : 31-Mar-2017 , 08:56:25 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) has signed an MoU with TCS iON for deploying the latter's digital content market place platform (Digital Hub) as a part of its digitisation drive.
The institute's digitisation efforts through the Digital Hub would provide students an...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1071
|
|
Canada (Toronto) Chapter of ICAI launched helpline for Members interested for getting CPA Canada membership
Posted Date : 10-Mar-2017 , 07:16:34 am | Posted By CASANSAAR
In continuation of our efforts to help our members acquire CPA designation, we are pleased to inform you that we have launched a helpline platform in this regard. We are very fortunate to have our members Dweep Mehta, Priyanka Baidya, Saoli Chakraborty (recent successfu...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1710
|
|
ICAI to train 15 lakh traders in GST basics
Posted Date : 09-Mar-2017 , 09:01:36 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) plans to train 15 lakh traders across the country over the next one year in GST basics, according to CMA Manas KR Thakur, National President.
Addressing a press conference here, he said, “We were among several other professional bodies who h...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1331
|
|
Guidance Note on Audit of Banks 2017 edition issued by AASB - ICAI
Posted Date : 01-Mar-2017 , 08:04:02 am | Posted By CASANSAAR
The Auditing and Assurance Standards Board of the ICAI has today issued the Guidance Note on Audit of Banks 2017 edition. For the benefit of the members, complete text of the Guidance Note and the contents of accompanying CD can be downloaded at the following links:
Guidance Note on Audi...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2064
|
|
ICAI may Temporarily Suspend erring members
Posted Date : 15-Feb-2017 , 08:47:10 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) is toying with the idea of introducing the concept of “temporary suspension” of erring members as part of broader improvement of its disciplinary mechanism of the audit profession, said Nilesh Vikamsey, newly elected President.
&l...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 3206
|
|
Increase in Entrance, Annual Membership, COP & Restoration Fee - ICAI
Posted Date : 14-Feb-2017 , 07:45:30 am | Posted By CASANSAAR
[TO BE PUBLISHED IN PART III, SECTION 4 OF THE GAZETTE OF INDIA,
EXTRAORDINARY DATED, 9TH FEBRUARY, 2017]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
New Delhi, the 9th February, 2017
NOTIFICATION
No.1-CA(7)/179/2017:- In exercise of the powers conferred under sub-secti...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2473
|
|
Newly Elected President & Vice-President of ICAI
Posted Date : 12-Feb-2017 , 10:11:01 pm | Posted By CASANSAAR
New President & Vice-President of ICAI
CA Nilesh S Vikamsey & CA Naveen ND Gupta elected as President & Vice President of ICAI for the F.Y. 2017 - 18.
Many Many Congrats from the team of CASANSAAR.
CA.Vivek Khurana (Founder - CASANSAAR) Wi...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1989
|
|
ICAI plans representation before govt over penalty proposal
Posted Date : 09-Feb-2017 , 08:05:38 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI will approach the government amid concerns over certain proposals under which action can be taken against members for certain violations.
The Council of the Institute of Chartered Accountants of India (ICAI) has discussed the issues.
"There ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1424
|
|
Branch Vice Chairman will be the Chairman for the next following year - ICAI
Posted Date : 06-Feb-2017 , 09:14:37 am | Posted By CASANSAAR
ICAI have issued directions to the branches that Vice Chairman of the branch will be the Chairman of the Branch for the next following year
Elevation of Vice Chairman of the Branch as the Chairman in the following year unless two-third of the members present vote to the contrary.
The Managing ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2487
|
|
|
