CAclubindia News


India poised to become one of the largest digital markets in the world, says Commerce Minister

   01 October 2021 at 06:01

As of May 2021, India's United Payments Interface (UPI) has seen participation of 224 banks & recorded 2.6 billion transactions worth over $68 Bn and the highest ever, more than 3.6 Bn transactions, in Aug'21.

Posted in Others |   1446 Views


Request for extension of time limit for filing of DIR-3 KYC by ICSI

   30 September 2021 at 06:01

The Institute of Company Secretaries of India has written a representation letter to the Ministry of Corporate Affairs requesting the concerned authorities to extend the time limit for filing of DIR-3 KYC for a period of 30 days.

Posted in Professional Resource |   11523 Views


ECLGS' scope expanded and scheme extended till 31st March 2022

   30 September 2021 at 06:01

As on 24th September 2021, loans sanctioned have crossed Rs. 2.86 lakh crore under the Scheme and out of total guarantees issued, about 95% of the guarantees issued are for loans sanctioned to Micro, Small and Medium Enterprises.

Posted in Others |   1518 Views


NFRA advises to remove compulsory statutory Audit for all companies!

   30 September 2021 at 06:01

A preliminary analysis has been done by NFRA on the key financial parameters of the companies registered in India and it is found that the fees paid to auditors by a large majority of MSMCs are way below what an audit would require.

Posted in Corporate Law  4 comments |   8124 Views


CBDT issues order u/s 119(2)(b) for filing applications for settlement before Interim Board for Settlement by 30th September 2021

   29 September 2021 at 06:01

CBDT has authorized the Commissioner of Income Tax to admit an application for settlement on behalf of the Interim Board filed after 31.01.2021 and before 30.09.2021 and treat such applications as valid and process them as "pending applications".

Posted in Income Tax |   6078 Views


Exemption of All Types of CMA Training Requirements for December-2021 Term of Examinations

   29 September 2021 at 05:55

The Institute of Cost Accountants of India, keeping in view the COVID-19 pandemic and subsequent merging of June and December exams, has exempted all types of training requirements for students appearing for the CMA Inter and Final Exam in December 2021.

Posted in Students |   2565 Views


New online system of MSME/Udyam Registration crosses 50 lakh mark

   29 September 2021 at 05:51

Enterprises which are not yet registered, should register themselves to avail the benefits of Ministry of MSME and other Government agencies. The registration is free of cost and should be done only on the Government portal. 

Posted in Corporate Law |   4353 Views


Quarterly Report on Public Debt Management for the quarter ended June 2021

   29 September 2021 at 05:49

During Q1 of FY22, the Central Government issued dated securities worth ₹3,18,493 crore as against ₹3,46,000 crore in Q1 of FY21, while repayment were at ₹1,05,186 crore. The weighted average yield of primary issuances increased to 6.11% in Q4 FY21.

Posted in Others |   900 Views


Extension of last date of filing Cost Audit Report

   28 September 2021 at 15:18

The cost auditor can submit the CAR for the F.Y. 2020-21 to the Board of Directors of the companies by 31st October 2021 and it shall not be considered as a violation of rule 6(5).

Posted in Audit |   3747 Views


Declaration of Result of CS Foundation, Executive and Professional Programme Examinations - June 2021 Session

   28 September 2021 at 05:50

Result of CS Professional Programme (Old and New Syllabus), Executive Programme (O1d and New Syllabus) and Foundation Programme Examinations, June 2021 Session would be declared on Wednesday, 13th October 2021.

Posted in Students |   1698 Views