E India CA

Professional Updates for Chartered Accountants

By

Invitation for Book release on Companies Act, 2013 (Sept-18), Authored by CA Vineet Jain

YOUNG GLOBAL PUBLICATIONS Cordially invites you to the release of "A user friendly guide" on The Companies Act, 2013 (Along with Rules & Forms up to September, 2018) Authored by CA Vineet Jain (B.Com, FCA, Certified Valuer of ICAI) Chief Guest CA Amarjit Chopra (Past President, ICAI) Guests of Honour CA (Dr.) Girish ...

By

SBI to bailout NBFCs? India’s largest bank triples asset purchase target from NBFCs – what Rajnish Kumar says

State Bank of India (SBI) today increased its asset purchase target from Non-Banking Financial Companies (NBFCs), which led to the question if the bank was trying to bail out the financing industry facing liquidity issues. State Bank of India (SBI) today increased its asset purchase target from Non-Banking Financial Companies (NBFCs...

By

ITR and Tax Audit Due date extended to 15th October’2018

F.No.225/358/2018/ITA.1I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITt· II Division New Delhi, the 24'h of September, 2018  Order under Section 119 of the Income-tax Act. 1961 On due consideration of representations from various stakeholders for ex...

By

Relief for FPIs as SEBI eases KYC guidelines

The Securities and Exchange Board of India (Sebi) on Friday relaxed know-your-client (KYC) requirements norms for foreign portfolio investors (FPIs). After considering the interim recommendations of the Sebi working group under the chairmanship of Harun R. Khan, a former deputy governor of the Reserve Bank of India, the capital mark...

By

If NFRA spreads its wings too wide its failure may not be ruled out: Amarjit Chopra, Chairman, NACAS

With the economy struck by a series of corporate frauds, the Modi government has approved setting up of National Financial Regulatory Authority (NFRA), an independent regulator for the auditing profession that will replace National Advisory Committee on Accounting Standards (NACAS). The regulator would not be a game changer and may n...

By

The rise of late-stage venture capital

A stock market listing has long been one of the most significant milestones in a company’s life. It comes with a range of benefits, including a raised company profile, flexible access to a very liquid pool of capital and the ability to attract top talent by offering employee stock options. However, while equity capital markets hav...

By

Company director sent to 6 months of rigorous imprisonment for TDS default

A court here has sentenced the director of a real estate firm to six months of rigorous imprisonment (RI) for allegedly failing to deposit over Rs 50 lakh TDS in time to the Income Tax Department. A senior official of the department said the director of the firm, engaged in building construction services, has been convicted re...

By

Why auditors are under scrutiny from regulators and investors, globally

It is not just India—auditors across the world find themselves under scrutiny from the governments, regulators and investors. Enhanced disclosures, lower conflict of interest and regulations to improve the quality of audit are in the works. How effective these are could also offer lessons to India. The International Forum of Indep...