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ICAI relaxes requirement of communication with retiring Auditor (Read Announcement)

ICAI relaxes requirement of communication with retiring Auditor (Read Announcement)

The Institute of Chartered Accountants of India (ICAI) relaxes requirement of communication with retiring Auditor due to prevailing conditions of lockdown.   ICAI,on Friday has announced that members may communicate with the retiring auditors with the Retiring Auditor vide E-mail. At present,ICAI Code of Ethics, 2009 requires that an incoming auditor …

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Govt extends lockdown for another two weeks (Read Press Release)

Ministry of Home Affairs issues order under the Disaster Management Act, 2005 to further extend the Lockdown for a further period of two weeks beyond May 4: MHA

In a massive development, the Ministry of Home affairs has issued a notification extending the lockdown by two weeks post may 3.  Ministry of Home Affairs (MHA) issued an Order under the Disaster Management Act, 2005, today, to further extend the Lockdown for a further period of two weeks beyond …

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CS exam 2020 postponed over COVID-19: Know important ICSI announcement

CS exam 2020 postponed over COVID-19: Know important ICSI announcement

The Institute of Company Secretaries of India (ICSI) has postponed the CS exam scheduled to be held in June, in view of the coronavirus pandemic. The exams will be now be held in July.      As per the notification, the ICSI said, “after due consideration of the prevalent situation …

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CA can not mention quantum of fees: ICAI issues advisory

CA can not mention quantum of fees: ICAI issues advisory

The Institute of Chartered Accountants of India (ICAI) has issued an advisory that Members of ICAI can not mention quantum of Fees (including free of charge), whatsoever, by members in any Advertisement of services or posting of particulars. Certain concerns have been raised by members as to whether it is …

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India signs $1.5 billion loan with ADB to support India’s COVID-19 immediate response

India signs $1.5 billion loan with ADB to support India’s COVID-19 immediate response

The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable …

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SEBI reduces broker turnover fees by 50% & filing fees for issuers (READ PRESS RELEASE)

SEBI reduces broker turnover fees by 50% & and filing fees for issuers

The Securities and Exchange Board of India (SEBI) said on Monday it has decided to reduce broker turnover fees and filing fees on offer documents for public issue & buyback of shares & rights issue.  Reduction in broker turnover fees will be applicable between June 2020 and March 2021. SEBI …

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COVID-19: ICAI Launched Virtual Courses to provide Learning at Doorstep

ICAI Launched Virtual Courses to provide Learning at Doorstep

In these unprecedented times of COVID-19 outbreak, the novel coronavirus has swept over 190 plus countries putting a serious threat to the entire mankind. A potent solution appears to be social distancing to contain the spread of the virus and we are moving towards a world wherein most of the …

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Our aim must be rapid response, need to follow mantra of ‘do gaz doori’: PM

Our aim must be rapid response, need to follow mantra of ‘do gaz doori’: PM

Prime Minister Narendra Modi today interacted with Chief Ministers of states via video conferencing to discuss the emerging situation and plan ahead for tackling the COVID-19 pandemic. This was the fourth such interaction of the Prime Minister with the Chief Ministers, the earlier ones had been held on 20th March, …

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IAS officer Rajesh Verma appointed as new secretary of MCA (Read Order)

IAS officer Rajesh Verma appointed as new secretary of MCA (Read Order)

Odisha cadre IAS officer Rajesh Verma has been appointed as secretary, Ministry of Corporate Affairs (MCA).   An Odisha cadre IAS officer of 1987 batch, Verma was the Special Secretary in the Ministry of Agriculture and Farmers’ Welfare before the new assignment. He will replace Injeti Srinivas following the latter’s superannuation …

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ICAI invites comments on Exposure Draft on Covid-19-Related Rent Concessions- IFRS 16, Leases (Read Draft)

ICAI invites comments on Exposure Draft on Covid-19-Related Rent Concessions- IFRS 16, Leases

The Institute of Chartered Accountants of India (ICAI) has invited comments on Exposure Draft on Covid-19-Related Rent Concessions (Proposed amendment to IFRS 16, Leases). As a result of the deadly Covid-19 pandemic, many lessors around the world have provided, or are expected to provide, rent concessions to lessees, as a …

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