Click the below given link to download-
New Form Nos. 23AC-XBRL and 23ACA - XBRL
Friday, October 21, 2011
Announcement for the Corporate Affairs Standards: The need of the hour
The globalisation and the emerging scenario of the corporate world require specialized professionals who can provide service with excellence, professionalism & objectivity to deal with various aspects of the corporate affairs. Technicalities of Corporate laws, accounting and auditing have undergone and are undergoing important changes. Members and other stakeholders need guidance on various areas of corporate laws and practice.
While appreciating the need of the profession and the global corporate sector the Council of the Institute of Chartered Accountants of India issued the Corporate Affairs Standards (CAS) to guide the members and other stakeholders. The three Corporate Affairs Standard on Business Valuation; Auditors’ appointment, retirement & removal and Certification under MCA-21 have been drafted with the view to empower the members on various areas of corporate field and to disseminate the same amongst other stakeholders and also in interpreting various Laws, Rules, Regulations, principles, practices and procedures. The main purpose of formulating Corporate Affairs Standards is not to interpret the Law but to sets out the concepts, principles, practices and procedures that underlie the corporate law compliances, corporate governance and management of corporates.
We are hopeful that the Corporate Affairs Standards prove to be an empowerment exercise for the profession and enable to equip the members to continue professional work as skilled and acclaimed professional and also have a positive impact on the economic and corporate environment, society and will contribute to good governance and management.
The CAS issued by ICAI:
CAS-Business Valuation
Certification under MCA-21
Corporate Affairs Standard on Auditors' Appointment and Removal
While appreciating the need of the profession and the global corporate sector the Council of the Institute of Chartered Accountants of India issued the Corporate Affairs Standards (CAS) to guide the members and other stakeholders. The three Corporate Affairs Standard on Business Valuation; Auditors’ appointment, retirement & removal and Certification under MCA-21 have been drafted with the view to empower the members on various areas of corporate field and to disseminate the same amongst other stakeholders and also in interpreting various Laws, Rules, Regulations, principles, practices and procedures. The main purpose of formulating Corporate Affairs Standards is not to interpret the Law but to sets out the concepts, principles, practices and procedures that underlie the corporate law compliances, corporate governance and management of corporates.
We are hopeful that the Corporate Affairs Standards prove to be an empowerment exercise for the profession and enable to equip the members to continue professional work as skilled and acclaimed professional and also have a positive impact on the economic and corporate environment, society and will contribute to good governance and management.
The CAS issued by ICAI:
CAS-Business Valuation
Certification under MCA-21
Corporate Affairs Standard on Auditors' Appointment and Removal
Saturday, October 1, 2011
Clarification on 100% promoter holding in demat fSub: Clarification on 100% promoter holding in demat form 1. This is further to SEBI circular SEBIorm
CIRCULAR
SEBI/Cir/ISD/ 05 /2011
September 30, 2011
To,
All the Recognized Stock Exchanges,
Dear Sir/Madam
Sub: Clarification on 100% promoter holding in demat form
1. This is further to SEBI circular SEBI/Cir/ISD/3 /2011 dated June 17, 2011 regarding 100% promoter holding in demat form.
2. On review of the promoters hooding in demat form it has been observed that there has been improved compliance to the above circular and the companies/promoters have started the process of converting their physical holdings in dematerialized form. At the same time representations have been received from large number of companies as well as various industry bodies regarding practical difficulties being faced in dematerializing promoters holding
and seeking exemptions/extension in complying with the provisions.
3. In light of above, it has been decided to extend the current deadline by one quarter i.e. quarter ending December 2011.
4. The Stock Exchanges are advised to:
- put in place the adequate systems and issue the necessary guidelines to the market for implementing the above decision.
- make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately.
- bring the provisions of this circular to the notice of the member brokers of the Exchange and also to disseminate the same on the website.
- communicate to SEBI, the status of the implementation of the provisions of this circular in a Monthly Report.
5. This circular is issued in exercise of powers conferred by sub-section (1) of Section 11 of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
6. This circular is available on SEBI website at www.sebi.gov.in
Yours faithfully,
S. Ramann
Executive Director
Integrated Surveillance Department
022-26449994
Procedure for electronic filing of Central Excise and Service Tax returns and for electronic payment of excise duty and service tax
Government of India
Ministry of Finance Department of Revenue
(Central Board of Excise and Customs)
New Delhi
Dated, the 28th September,2011
To
All Chief Commissioners of Customs &Central Excise,
All Chief Commissioners of Central Excise,
All Chief Commissioners of Large Taxpayers Unit.
Sub.: Procedure for electronic filing of Central Excise and Service Tax returns and for electronic payment of excise duty and service tax.
Sir/madam,
1.Attention is invited to Circular No. 919 / 09 / 2010 - CX dated 23rd March 2010 prescribing the procedure for electronic filing of Central Excise and Service Tax returns and payment of Central Excise duty and Service Tax by all the assessees who had paid Central Excise duty and Service Tax of Rs. 10 Lakh or more (including payment by utilisation of Cenvat credit) in the previous financial year. Attention is also invited to Notifications No. 21/2011-Central Excise(NT) & 22/2011-Central Excise (NT) both dated 14.09.2011 and No. 43/2011-ST dated 25.08.2011 prescribing mandatory electronic filing of Central Excise and Service Tax returns.
2. DG (Systems) has prepared comprehensive instructions outlining the procedure for electronic filing of Central Excise duty and Service Tax returns and electronic payment of taxes under ACES. The same is annexed. The said instructions outline the registration process for new assessees, existing assessees, non–assessees and for Large Taxpayers Unit assessees, steps for preparing and filing of return, use of XML Schema for filing dealer’s return, procedure for obtaining acknowledgement of e-filed return, procedure for e-payment etc. It is requested to sensitize the concerned officers as well as the trade and industry regarding the said instructions.
3. As a large number of taxpayers would be required to file Central Excise and Service Tax return electronically, it is requested that the trade and industry may be provided all assistance so as to help them in adopting the new procedure.
4. Field formations and trade/industry/service provider may also be informed suitably.
5. Hindi version will follow.
Yours faithfully,
(V.P.Singh)
Under Secretary (C.X.6)
Click here for : Annexure
Subscribe to:
Comments (Atom)