AUBSP: All Updates and Books for Students and Professionals.http://www.aubsp.com/All Updates, Books, Notes and News for The Institute of Chartered Accountants of India (ICAI), The Institute of Company Secretaries of India (ICSI), The Institute of Cost Accountants of India (ICAI), International Federation of Accountants (IFAC), Certified Information Systems Auditor (CISA), Chartered Financial Analyst (CFA), The Financial Risk Manager (FRM), CIMA, MBA, NCFM, Ministry of Corporate Affairs (MCA), RBI, SEBI And Finance Management Related Students And Professionals.ennoreply@blogger.com (Suresh Prasad)Wed, 19 Jun 2013 03:28:52 PDTBlogger http://www.blogger.com368125@ All Rights Reserved.http://www.aubsp.com/http://lh5.googleusercontent.com/-uPmjLtja7sI/TvTf38xKmgE/AAAAAAAAA44/cdkNZTbOb_A/s212-c/FeedBurnerAUBSP: All Updates and Books for Students and Professionals: CA, CS, CWA, CPA, CMA, MBA...SureshPrasadhttp://feedburner.google.comSubscribe with My Yahoo!Subscribe with NewsGatorSubscribe with My AOLSubscribe with BloglinesSubscribe with NetvibesSubscribe with GoogleSubscribe with PageflakesSubscribe with PlusmoSubscribe with The Free DictionarySubscribe with Bitty BrowserSubscribe with Live.comSubscribe with Excite MIXSubscribe with WebwagSubscribe with Podcast ReadySubscribe with WikioSubscribe with Daily RotationSuresh Prasad:- Hello..... Friends !!!!! Welcome to the World of AUBSP, An Interactive Platform for Finance Professionals.....! Chartered Accountant(CA), Company Secretary(CS), Cost and Works Accountant(CWA) and Taxpayers.Concept and Definition of Company under Income Tax Act, 1961http://feedproxy.google.com/~r/SureshPrasad/~3/_v02WqqGF74/meaning-of-company-for-tax-purpose.htmlTaxpayersnoreply@blogger.com (Suresh Prasad)Sun, 16 Jun 2013 12:00:02 PDTtag:blogger.com,1999:blog-2681379616392091249.post-146600880931186820<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Concept and Definition of Company" border="0" src="http://4.bp.blogspot.com/-pGhgR3BjRos/Ub37tEaoo5I/AAAAAAAADUI/JW8NvZ00N2E/s1600/Concept+and+Definition+of+Company+under+Income+Tax+Act,+1961.png" height="252" title="Concept and Definition of Company under Income Tax Act, 1961" width="320"></div> <div style="text-align: justify;"> In India, for the purpose of income tax, the biggest form of assessee from which government <a href="http://www.aubsp.com/2011/06/tax-collections-during-first-two-months.html">collects</a> the revenue in the form of tax and duties is company. Companies are taxed at flat rates and therefore the progressive rates of taxes, applicable to individuals and Hindu undivided families etc., are not applicable for it.</div> <div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;"> <br></div> <div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;"> <span lang="EN-GB">Generally, the term “company” we mean it as defined in the Companies Act, 1956 but under the <a href="http://www.aubsp.com/2013/01/complete-list-of-sections-of-income-tax-act-1961.html">Income-tax Act, 1961</a>, it has a much wider meaning than what has been given to it under the Companies Act.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;"> <br></div> <div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;"> <span lang="EN-GB">Did you know? Institution, Association and body corporate shall be deemed to be a company for income-tax purposes. Additionally, an unincorporated association, illegal entities and even companies having no share capital and those which are limited by guarantee are companies for tax purposes.</span></div> <a href="http://www.aubsp.com/2013/06/meaning-of-company-for-tax-purpose.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=_v02WqqGF74:OumwdX8HlMc:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=_v02WqqGF74:OumwdX8HlMc:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=_v02WqqGF74:OumwdX8HlMc:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=_v02WqqGF74:OumwdX8HlMc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=_v02WqqGF74:OumwdX8HlMc:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=_v02WqqGF74:OumwdX8HlMc:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=_v02WqqGF74:OumwdX8HlMc:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/_v02WqqGF74" height="1" width="1"/>2013-06-17T00:30:02.892+05:30http://www.aubsp.com/2013/06/meaning-of-company-for-tax-purpose.htmlEnhancement in Foreign Investment limits in Government Debthttp://feedproxy.google.com/~r/SureshPrasad/~3/ZbPwWwprXGE/enhancement-in-foreign-investment-limits-in-government-debt.htmlInvestorsSEBIShares And Stocksnoreply@blogger.com (Suresh Prasad)Sat, 15 Jun 2013 18:45:40 PDTtag:blogger.com,1999:blog-2681379616392091249.post-8773666543605981735<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Enhancement in Foreign Investment limits" border="0" src="http://4.bp.blogspot.com/-E8QOAeGwkNk/UblCs1_V8XI/AAAAAAAADTc/Rsdsotfj8Zk/s336/Enhancement+in+Foreign+Investment+limits+in+Government+debt.png" title="Enhancement in Foreign Investment limits in Government Debt"></div> <div style="text-align: justify;"> The <a href="http://www.aubsp.com/search/label/Investors">foreign portfolio investors</a> may now invest upto $30 billion in government bonds. This is because the Government of India has enhanced the Government Debt Limits by US $ 5 billion which equivalent to approximately Rs. 29,137 Crore converted at the RBI reference rate of $1 = Rs. 58.274 as on June 12, 2013.</div> <div class="MsoNormal"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Did you know? On Wednesday, 12th June, 2013, Foreign Institutional Investors (<a href="http://www.aubsp.com/2012/06/fiis-odi-pn-transaction-report.html">FIIs</a>) pulled out $393.73 million from the domestic debt market which resulted in weakening of the rupee against the dollar.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> On the same day, it also give rise to the government bond yields by 0.14% moving up the yield on the 10-year benchmark government <a href="http://www.aubsp.com/search/label/Shares%20And%20Stocks">securities</a> (G-sec) 7.16 per cent 2023 to 7.30 per cent.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> You may note that the aforesaid enhanced limit of USD 5 billion shall be available for investments only to those FIIs (Foreign Institutional Investors) which are registered with SEBI under the following five categories:<br> </div><a href="http://www.aubsp.com/2013/06/enhancement-in-foreign-investment-limits-in-government-debt.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ZbPwWwprXGE:BORgu40UOxI:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ZbPwWwprXGE:BORgu40UOxI:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ZbPwWwprXGE:BORgu40UOxI:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ZbPwWwprXGE:BORgu40UOxI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ZbPwWwprXGE:BORgu40UOxI:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ZbPwWwprXGE:BORgu40UOxI:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ZbPwWwprXGE:BORgu40UOxI:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/ZbPwWwprXGE" height="1" width="1"/>2013-06-16T07:15:40.691+05:30http://www.aubsp.com/2013/06/enhancement-in-foreign-investment-limits-in-government-debt.htmlConnectivity with NSDL and CDSL for shifting from TFTS to Normal Rolling Settlementhttp://feedproxy.google.com/~r/SureshPrasad/~3/ssBUTfQnvW0/shifting-trade-settlement-rolling.htmlUnderwritersStock ExchangesBanksCompany SecretarySEBIShares And StocksStock Brokersnoreply@blogger.com (Suresh Prasad)Sat, 15 Jun 2013 18:39:32 PDTtag:blogger.com,1999:blog-2681379616392091249.post-6635585332668914622<div class="separator" style="clear: both; text-align: center;"> <a href="http://4.bp.blogspot.com/-_1Sul5wQMAc/T5qh65SEUoI/AAAAAAAABMY/hq2SPobC954/s320/NSDL+CDSL+TFTS.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Connectivity with NSDL and CDSL" border="0" src="http://4.bp.blogspot.com/-_1Sul5wQMAc/T5qh65SEUoI/AAAAAAAABMY/hq2SPobC954/s336/NSDL+CDSL+TFTS.png" title="Connectivity with NSDL and CDSL"></a></div> <div style="text-align: justify;"> Now, eight new companies have established connectivity with both the depositories National Securities Depository Limited (NSDL) and Central Depository Securities Limited (CDSL) for <a href="http://www.aubsp.com/2011/07/companies-eligible-for-shifting-from.html">shifting</a> from Trade for Trade Settlement (TFTS) to normal Rolling Settlement.<br> <div class="MsoNormal"> <o:p></o:p></div> <div class="MsoNormal"> <br></div> <div class="MsoNormal"> The <a href="http://www.aubsp.com/search/label/Stock%20Exchanges">stock exchanges</a> may consider shifting the trading in these securities to normal Rolling Settlement subject to the following:<o:p></o:p></div> <div class="MsoNormal"> <br></div> <div class="MsoNormal"> A) At least 50% of holdings other than promoter holdings<o:p></o:p></div> <div class="MsoNormal"> - as per clause 35 of Listing Agreement<o:p></o:p></div> <div class="MsoNormal"> - are in dematerialized mode<o:p></o:p></div> <div class="MsoNormal"> - before shifting the trading in the securities of the company<o:p></o:p></div> <div class="MsoNormal"> - from TFTS to normal Rolling Settlement.</div> </div><a href="http://www.aubsp.com/2011/12/shifting-trade-settlement-rolling.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ssBUTfQnvW0:SsenoWYdwE0:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ssBUTfQnvW0:SsenoWYdwE0:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ssBUTfQnvW0:SsenoWYdwE0:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ssBUTfQnvW0:SsenoWYdwE0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ssBUTfQnvW0:SsenoWYdwE0:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ssBUTfQnvW0:SsenoWYdwE0:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ssBUTfQnvW0:SsenoWYdwE0:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/ssBUTfQnvW0" height="1" width="1"/>2013-06-16T07:09:32.162+05:30http://www.aubsp.com/2011/12/shifting-trade-settlement-rolling.htmlTaxes and Duties enumerated in Union and State Listhttp://feedproxy.google.com/~r/SureshPrasad/~3/No9zcVqsH48/taxes-and-duties-enumerated-in-union-and-state-list.htmlTaxpayersWealth-tax ActAdvance TaxService Taxnoreply@blogger.com (Suresh Prasad)Wed, 19 Jun 2013 03:21:31 PDTtag:blogger.com,1999:blog-2681379616392091249.post-3817000107349001002<div dir="ltr" style="text-align: left;" trbidi="on"> <div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Taxes and Duties List" border="0" src="http://4.bp.blogspot.com/-Lo32b-nDfHA/UbdsGto-NnI/AAAAAAAADTM/vU6JcoEgvqQ/s336/Taxes+and+Duties+enumerated+in+Union+and+State+List.png" title="Taxes and Duties enumerated in Union and State List"></div> <div style="text-align: justify;"> As we know that before any Finance Bill can be moved in either House of Parliament, a prior recommendation of President of India is required. Thus, no Bill or amendment shall be introduced or moved in either House of Parliament except on the recommendation of the President.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Article 265 of the Constitution of India, the supreme law of India, provides that no tax shall be levied or collected except by authority of law. Articles 268-281 of the Constitution of India relate to the distribution of revenues between the Union and the States.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> However, one should also note that the distribution of fields of taxes and duties etc. between the Union and the States are assigned in Seventh Schedule. Article 246(1) states that Parliament has exclusive power to make laws with respect to any of the matters enumerated in List I (Union List) in the Schedule VII. Article 246(3) stipulates that the Legislature of any State has exclusive power to make laws for such State or any part thereof with respect to any of the matters enumerated in List II (State List) in the Seventh Schedule.</div> </div><a href="http://www.aubsp.com/2013/06/taxes-and-duties-enumerated-in-union-and-state-list.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=No9zcVqsH48:1ZxBT_MzV38:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=No9zcVqsH48:1ZxBT_MzV38:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=No9zcVqsH48:1ZxBT_MzV38:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=No9zcVqsH48:1ZxBT_MzV38:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=No9zcVqsH48:1ZxBT_MzV38:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=No9zcVqsH48:1ZxBT_MzV38:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=No9zcVqsH48:1ZxBT_MzV38:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/No9zcVqsH48" height="1" width="1"/>2013-06-19T15:51:31.220+05:30http://www.aubsp.com/2013/06/taxes-and-duties-enumerated-in-union-and-state-list.htmlDirect Tax collections during current Financial Year 2013-14http://feedproxy.google.com/~r/SureshPrasad/~3/IluhyFT9oRs/tax-collections-during-first-two-months.htmlMCATaxpayersnoreply@blogger.com (Suresh Prasad)Sat, 15 Jun 2013 19:42:57 PDTtag:blogger.com,1999:blog-2681379616392091249.post-2526089939160741486<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img border="0" src="http://4.bp.blogspot.com/-vgB2-NyUs-c/UbacOtx7p0I/AAAAAAAADS8/fRCBotMJwRM/s336/Direct+Tax+collections.png"></div> <div style="text-align: justify;"> Gross direct tax collections during April-May of the current Financial Year 2013-14 is up by 21.10 percent at Rs. 63,252 crore as against Rs. 52,231 crore in the same period during the last fiscal.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Net Direct Tax Collections was up by 6.44 percent and stood at Rs. 37596 crore, as compared to Rs. 35,322 crore in the same period in the last fiscal.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> While Gross Collections of Corporate Taxes showed an increase of 14.91 percent and stood at Rs. 27,957 crore as against Rs. 24,329 crore in the same period during last year.<br> </div><a href="http://www.aubsp.com/2011/06/tax-collections-during-first-two-months.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=IluhyFT9oRs:Bi_d6OGQxGM:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=IluhyFT9oRs:Bi_d6OGQxGM:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=IluhyFT9oRs:Bi_d6OGQxGM:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=IluhyFT9oRs:Bi_d6OGQxGM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=IluhyFT9oRs:Bi_d6OGQxGM:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=IluhyFT9oRs:Bi_d6OGQxGM:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=IluhyFT9oRs:Bi_d6OGQxGM:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/IluhyFT9oRs" height="1" width="1"/>2013-06-16T08:12:57.906+05:30http://www.aubsp.com/2011/06/tax-collections-during-first-two-months.htmlCA Intermediate (IPC) Nov, 2013 Exam Under Direct Entry Schemehttp://feedproxy.google.com/~r/SureshPrasad/~3/RNCAgdOiUf8/ca-cpt-exemption-to-graduate-and-students-of-icai-icsi.htmlICSICMA IntermediateCS FoundationCA IPCCCA CPTCA ATEICAICS ProfessionalCS ExecutiveICWAICA IPCnoreply@blogger.com (Suresh Prasad)Sat, 15 Jun 2013 20:09:39 PDTtag:blogger.com,1999:blog-2681379616392091249.post-2452143026621006914<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Exemption from CA CPT" border="0" src="http://4.bp.blogspot.com/-yLX36S7PTt0/T_lLUjoKJOI/AAAAAAAABak/7WrWpkX15OM/s336/ICAI+CPT+Exemption.png" height="320" title="Direct Admission to CA Intermediate (IPC) Course" width="291"></div> <div style="text-align: justify;"> In addition to the Intermediate level Examination passed students of The Institute of Cost Accountants of India (<a href="http://www.aubsp.com/search/label/ICWAI">ICAI</a>) and The Institute of Company Secretaries of India (<a href="http://www.aubsp.com/search/label/ICSI">ICSI</a>), any graduates with good marks may get direct entry to the Intermediate (Integrated Professional Competence) course of The Institute of Chartered Accounts of India (<a href="http://www.aubsp.com/search/label/ICAI">ICAI</a>) to become a <a href="http://www.aubsp.com/search/label/Chartered%20Accountants">Chartered Accountant</a>.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> In other words, all Applicants who fulfil the requirements, as given below, will be exempted from the entrance exam of ICAI i.e. <a href="http://www.aubsp.com/2012/07/cpt-exam-schedule-form-june-december.html">Common Proficiency Test</a> (CPT), an objective type test with negative marking.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> This Direct Entry Scheme was announced by ICAI vide BoS/Announcement/227/12 (1) dated 16<sup>th</sup> August, 2012 issued in pursuant to Notification No. 1-CA(7)/145/2012 dated 1st August, 2012 published in the Gazette of India notifying amendments made to the Chartered Accountants (CA) Regulations, 1988.</div> <a href="http://www.aubsp.com/2012/08/ca-cpt-exemption-to-graduate-and-students-of-icai-icsi.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=RNCAgdOiUf8:egVKQ-XP9RI:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=RNCAgdOiUf8:egVKQ-XP9RI:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=RNCAgdOiUf8:egVKQ-XP9RI:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=RNCAgdOiUf8:egVKQ-XP9RI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=RNCAgdOiUf8:egVKQ-XP9RI:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=RNCAgdOiUf8:egVKQ-XP9RI:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=RNCAgdOiUf8:egVKQ-XP9RI:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/RNCAgdOiUf8" height="1" width="1"/>2013-06-16T08:39:39.533+05:30http://www.aubsp.com/2012/08/ca-cpt-exemption-to-graduate-and-students-of-icai-icsi.htmlTime limit for allotting UCIC extended up to March 31, 2014http://feedproxy.google.com/~r/SureshPrasad/~3/dyWmGyObNBc/unique-customer-identification-code-by-banks-in-india.htmlBanksRBInoreply@blogger.com (Suresh Prasad)Sat, 15 Jun 2013 20:29:35 PDTtag:blogger.com,1999:blog-2681379616392091249.post-5417965475104745736<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Unique Customer Identification Code" border="0" src="http://1.bp.blogspot.com/-2RsSXyqTKUQ/UbLTzKu2QcI/AAAAAAAADSs/IzQirYosh88/s336/Unique+Customer+Identification+Code.png" title="Unique Customer Identification Code (UCIC) by banks"></div> <div style="text-align: justify;"> It was never be an easy task for getting details of all transactions made by a single person in different <a href="http://www.aubsp.com/search/label/Banks">banks</a> and Financial Institutions. In the present scenario of financial world where there are lots of complexity and volume of transactions are involved, there is a need of a unique identification code for each customer of <a href="http://www.aubsp.com/2011/12/banks-free-to-determine-interest-rate.html">all banks in India</a>. In other words, the customers do not have multiple identities within a bank, across the banking system and across the financial system.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> The Government of India in this regard in the paragraphs 86 and 87 of Monetary Policy Statement 2012-13 announced dated April 17, 2012 mentioned the basic features for allotting Unique Customer Identification Code (UCIC) by banks to their customers.</div> <a href="http://www.aubsp.com/2013/06/unique-customer-identification-code-by-banks-in-india.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=dyWmGyObNBc:laf6TAN2XeM:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=dyWmGyObNBc:laf6TAN2XeM:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=dyWmGyObNBc:laf6TAN2XeM:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=dyWmGyObNBc:laf6TAN2XeM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=dyWmGyObNBc:laf6TAN2XeM:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=dyWmGyObNBc:laf6TAN2XeM:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=dyWmGyObNBc:laf6TAN2XeM:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/dyWmGyObNBc" height="1" width="1"/>2013-06-16T08:59:35.031+05:30http://www.aubsp.com/2013/06/unique-customer-identification-code-by-banks-in-india.htmlAmendments and Publications for CA Final Examination Nov, 2013http://feedproxy.google.com/~r/SureshPrasad/~3/V1XOhKFeQPc/amendments-for-ca-final-examination-may.htmlCA FinalICAInoreply@blogger.com (Suresh Prasad)Sat, 15 Jun 2013 23:41:57 PDTtag:blogger.com,1999:blog-2681379616392091249.post-804915731811456327<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Amendments and Publications for CA Final Examination Nov, 2013" border="0" src="http://4.bp.blogspot.com/-EuQkUXljWsU/Tvy_9G4zL0I/AAAAAAAAA84/3aKguSoQB1k/s336/Relevant+Amendments+for+CA+Final.PNG" title="Amendments and Publications for CA Final Examination Nov, 2013"></div> <div style="text-align: justify;"> As <a href="http://www.aubsp.com/search/label/ICAI">ICAI</a> examinations are more practical, all students should thoroughly go through the relevant amendments which the CA Institute has published from time to time. Therefore, all students must be aware of the Institute’s Pronouncements, Publications and other notifications for the coming exam to be held in May and November every year.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Further, if you analyse/ evaluate the pattern of even the last 3-5 attempt Question Papers then you come to know that the institute has given more stress on their Study Materials, Practice Manuals and Revision Test Papers (RTP) and therefore all the materials provided by CA Institute are more than enough for scoring good marks in your coming examination.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Never go for selective study as because <a href="http://www.aubsp.com/search/label/ICAI">ICAI</a> is evaluating their students by asking questions from each and every topic of the syllabus. Try to avoid unnecessary and irrelevant answers and write to the point as the level of knowledge of a <a href="http://www.aubsp.com/search/label/CA%20Final">CA Final</a> student should be Expert Knowledge and not working Knowledge.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> You may visit <a href="http://www.aubsp.com/p/downloads.html">download</a> section of AUBSP for latest Study Material, Practice Manuals, Supplementary Paper, RTPs and other relevant updates.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> However, ICAI has announced that the following relevant amendments and topics are most important for every student who will appear for their <a href="http://www.aubsp.com/search/label/CA%20Final">CA Final</a> Nov, 2013 Examination:</div> <a href="http://www.aubsp.com/2011/12/amendments-for-ca-final-examination-may.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=V1XOhKFeQPc:9xuruRmTHOw:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=V1XOhKFeQPc:9xuruRmTHOw:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=V1XOhKFeQPc:9xuruRmTHOw:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=V1XOhKFeQPc:9xuruRmTHOw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=V1XOhKFeQPc:9xuruRmTHOw:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=V1XOhKFeQPc:9xuruRmTHOw:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=V1XOhKFeQPc:9xuruRmTHOw:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/V1XOhKFeQPc" height="1" width="1"/>2013-06-16T12:11:57.120+05:30http://www.aubsp.com/2011/12/amendments-for-ca-final-examination-may.htmlRelevant Amendments applicable for CA IPC Nov, 2013 Examhttp://feedproxy.google.com/~r/SureshPrasad/~3/55MMtxkJg6Y/ca-ipcc-exam-applicability-relevant.htmlCA IPCCICAICA IPCnoreply@blogger.com (Suresh Prasad)Sun, 16 Jun 2013 00:04:54 PDTtag:blogger.com,1999:blog-2681379616392091249.post-3575558470710267696<div style="text-align: justify;"> <div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Relevant Amendments applicable for CA IPC Nov, 2013 Exam" border="0" src="http://3.bp.blogspot.com/-DOHC8Xr01YY/UbGB08N8gAI/AAAAAAAADSc/r-tTnEMb0zM/s1600/Relevant+Amendments+applicable+for+CA+IPC.png" height="266" title="Relevant Amendments applicable for CA IPC Nov, 2013 Exam" width="320"></div> A student who has <a href="http://www.aubsp.com/2013/01/ca-cpt-toppers-rank-holders-merit-list-pass-percentage-june-dec.html">passed Common Proficiency Test </a>(CPT) and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto may join the Intermediate (Integrated Professional Competence) Course of The Institute of Chartered Accountants in India (ICAI).</div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">Further, the Chartered Accountants (Amendment) Regulations, 2012 gives the eligibility for graduated students for <a href="http://www.aubsp.com/2012/08/ca-cpt-exemption-to-graduate-and-students-of-icai-icsi.html">direct entry in CA Intermediate Course</a>.<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">Chartered Accountancy Intermediate (IPC) erstwhile known as Integrated Professional Competence Course (<a href="http://www.aubsp.com/search/label/CA%20IPCC">IPCC</a>) is the second stage/ label of examination to be conducted by ICAI.</span><span lang="EN-US"> It may be noted that in terms of Notification No/1-CA(7)/145/2012 dated 1st August 2012, “Integrated Professional Competence Examination(IPCE)”, stands renamed as “Intermediate (IPC) Examination”.<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">At this stage students only gets working knowledge </span><span lang="EN-US">of core and allied subjects to accountancy profession</span><span lang="EN-US"> and t</span><span lang="EN-US">herefore they have to undergo nine months study course in order to develop a strong theoretical base for their better result apart from </span><span lang="EN-US">practical training as an article assistant for the period of three years in a CA firm under any chartered accountant in practice.<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">Therefore, CA IPC students must read and learn thoroughly following </span><span lang="EN-US">p</span><span lang="EN-US">ronouncements/ legislative <a href="http://www.aubsp.com/2012/09/icai-exam-important-announcements-board-of-studies.html">amendments</a>/ circulars etc. provided by CA Institute and are most important for the coming Examination November, 2013:</span><br> </div><a href="http://www.aubsp.com/2011/12/ca-ipcc-exam-applicability-relevant.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=55MMtxkJg6Y:xGzACWZE_3U:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=55MMtxkJg6Y:xGzACWZE_3U:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=55MMtxkJg6Y:xGzACWZE_3U:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=55MMtxkJg6Y:xGzACWZE_3U:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=55MMtxkJg6Y:xGzACWZE_3U:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=55MMtxkJg6Y:xGzACWZE_3U:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=55MMtxkJg6Y:xGzACWZE_3U:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/55MMtxkJg6Y" height="1" width="1"/>2013-06-16T12:34:54.863+05:30http://www.aubsp.com/2011/12/ca-ipcc-exam-applicability-relevant.htmlOffer For Sale of Shares by Promoters through Stock Exchange http://feedproxy.google.com/~r/SureshPrasad/~3/H8hx1pW-MMw/offer-for-sale-of-shares-by-promoter-through-stock-exchange.htmlStock ExchangesCorporate And Allied LawsSEBIShares And StocksStock Brokersnoreply@blogger.com (Suresh Prasad)Sun, 16 Jun 2013 00:33:02 PDTtag:blogger.com,1999:blog-2681379616392091249.post-6815796171002245398<div style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"> <img alt="OFS of Shares by Promoters" border="0" src="http://3.bp.blogspot.com/-CesyTo4ZWA8/Uao9uo9yH4I/AAAAAAAADSE/BVIHnT8DiAs/s336/Offer+For+Sale+of+Shares+by+Promoters+through+Stock+Exchange.png" title="Offer For Sale of Shares by Promoters through Stock Exchange "></div> <div style="text-align: justify;"> Now, one clear trading day is not required to make an announcement for sale of shares through Offer For Sale (OFS) route by promoter(s)/ promoter group entities. In other words, Seller(s) shall announce the intention of sale of shares at least <i>on the day prior to the offer for sale</i> instead of one clear trading day prior to the opening of offer.</div> <div style="text-align: justify;"> <br></div> <div style="text-align: justify;"> Thus, companies can make an announcement about sale of shares through OFS route on Sunday even it is not a trading day.</div> <div style="text-align: justify;"> <div class="MsoNormal"> <o:p></o:p></div> </div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Did you know? In accordance with minimum public shareholding norms of SEBI, all private sector listed companies need to have at least 25 per cent public shareholding and promoters have been asked to lower their stake to 75 per cent or below by June 3, 2013.<br> </div><a href="http://www.aubsp.com/2013/06/offer-for-sale-of-shares-by-promoter-through-stock-exchange.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=H8hx1pW-MMw:vT8NUJUoqqc:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=H8hx1pW-MMw:vT8NUJUoqqc:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=H8hx1pW-MMw:vT8NUJUoqqc:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=H8hx1pW-MMw:vT8NUJUoqqc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=H8hx1pW-MMw:vT8NUJUoqqc:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=H8hx1pW-MMw:vT8NUJUoqqc:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=H8hx1pW-MMw:vT8NUJUoqqc:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/H8hx1pW-MMw" height="1" width="1"/>2013-06-16T13:03:02.022+05:30http://www.aubsp.com/2013/06/offer-for-sale-of-shares-by-promoter-through-stock-exchange.htmlNew eligible scrips for Securities Lending and Borrowing mechanismhttp://feedproxy.google.com/~r/SureshPrasad/~3/oxfesKZT_Ss/slb-securities-lending-borrowing.htmlAuthorized DealersStock ExchangesCorporate And Allied LawsSEBIShares And Stocksnoreply@blogger.com (Suresh Prasad)Fri, 31 May 2013 12:00:01 PDTtag:blogger.com,1999:blog-2681379616392091249.post-5020273655159872465<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Eligible scrips for SLB mechanism" border="0" src="http://4.bp.blogspot.com/-QI5Dkmu9YEY/UajumE8qU1I/AAAAAAAADR0/S9yP2-jVCoI/s336/Eligible+scrips+for+Securities+Lending+and+Borrowing+mechanism.png" title="New eligible scrips for Securities Lending and Borrowing mechanism"></div> <div style="text-align: justify;"> With effect from Monday, July 01, 2013, the trading of shares in the Securities Lending and Borrowing (SLB) segment would not only be confined to the scrips on which derivatives contracts are available.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> This is because the market regulator, the Securities and Exchange Board of India (SEBI) has widened the scope of SLB mechanism vide circular no. CIR/MRD/DP/ 18 /2013 dated May 30, 2013 to allow a larger number of shares for trading and for borrowing of securities to enable settlement of securities sold short.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Accordingly, the scrips that fulfill the following criteria shall now be considered eligible for SLB:<br> </div><a href="http://www.aubsp.com/2013/06/slb-securities-lending-borrowing.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=oxfesKZT_Ss:E4H3zoM7CwM:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=oxfesKZT_Ss:E4H3zoM7CwM:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=oxfesKZT_Ss:E4H3zoM7CwM:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=oxfesKZT_Ss:E4H3zoM7CwM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=oxfesKZT_Ss:E4H3zoM7CwM:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=oxfesKZT_Ss:E4H3zoM7CwM:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=oxfesKZT_Ss:E4H3zoM7CwM:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/oxfesKZT_Ss" height="1" width="1"/>2013-06-01T00:30:01.132+05:30http://www.aubsp.com/2013/06/slb-securities-lending-borrowing.htmlConcept, Definition, Declaration and Distribution of Dividendhttp://feedproxy.google.com/~r/SureshPrasad/~3/ujKoV36U5Xw/dividend-concept-definition-declaration-distribution.htmlICSIICAICorporate And Allied LawsICWAInoreply@blogger.com (Suresh Prasad)Sun, 26 May 2013 17:39:38 PDTtag:blogger.com,1999:blog-2681379616392091249.post-2820673983413659754<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Concept, Definition, Declaration and Distribution of Dividend" border="0" src="http://4.bp.blogspot.com/-SmJCD7H2c5E/UaI6PkKPMLI/AAAAAAAADRk/_f8fbpNuCQM/s336/Concept,+Definition,+Declaration+and+Distribution+of+Dividend.png" title="Concept, Definition, Declaration and Distribution of Dividend"></div> <div style="text-align: justify;"> The distribution of profits earned by a company is commonly known as dividend. However, the term ‘dividend’ has been defined inclusively u/s 2(14A) of the Companies Act, 1956 to the effect that it includes Interim Dividend.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> The Act neither specifically defines the term Dividend nor makes any distinction between interim and final Dividend. Thus, the provisions of sec. 205A, 205C, 206, 206A and 207 etc. applicable to final dividend shall, as far as may be, also apply to interim dividend.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> In 1967, there was a judgement made by Supreme Court (SC) in re. CIT v Gridhardas &amp; Co. (P) Ltd that for going concern company, dividend is the portion of the profits of the company which is allocated to the holders of shares in the company whereas in case of winding up, dividend means a division of the <a href="http://www.aubsp.com/2011/08/actions-will-be-taken-by-official.html">net realised assets</a> among creditors and contributories according to their respective rights.<br> </div><a href="http://www.aubsp.com/2013/05/dividend-concept-definition-declaration-distribution.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ujKoV36U5Xw:lP7U2AUyy-k:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ujKoV36U5Xw:lP7U2AUyy-k:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ujKoV36U5Xw:lP7U2AUyy-k:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ujKoV36U5Xw:lP7U2AUyy-k:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ujKoV36U5Xw:lP7U2AUyy-k:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ujKoV36U5Xw:lP7U2AUyy-k:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ujKoV36U5Xw:lP7U2AUyy-k:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/ujKoV36U5Xw" height="1" width="1"/>2013-05-27T06:09:38.454+05:30http://www.aubsp.com/2013/05/dividend-concept-definition-declaration-distribution.htmlReporting of LRS data only through Online Returns Filing Systemhttp://feedproxy.google.com/~r/SureshPrasad/~3/hQ1KDfpmx4g/liberalised-remittance-scheme-for-resident-individuals-reporting.htmlAuthorized DealersBanksRBInoreply@blogger.com (Suresh Prasad)Thu, 23 May 2013 18:27:23 PDTtag:blogger.com,1999:blog-2681379616392091249.post-4203987826848863462<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Reporting of LRS data" border="0" src="http://1.bp.blogspot.com/-VOlcTHlXuuI/UZ5PHD2hvlI/AAAAAAAADRU/K_yFMcgiwUE/s336/Reporting+of+LRS+data+only+through+Online+Returns+Filing+System.png" title="Reporting of LRS data through Online Returns Filing System"></div> <div class="MsoNormal" style="text-align: justify;"> From 1st day of July, 2013, <a href="http://www.aubsp.com/2012/03/authorised-dealers-in-foreign-exchange.html">Authorised Dealer</a> (AD) Category – I banks are required to upload the Liberalised Remittance Scheme (LRS) data in Online Returns Filing System (ORFS) on or before 5th of the following month.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Note that in case there is no data to furnish, AD banks shall have to upload ‘nil’ figures in the ORFS system.</div> <a href="http://www.aubsp.com/2013/05/liberalised-remittance-scheme-for-resident-individuals-reporting.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=hQ1KDfpmx4g:ohDsejWrf6E:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=hQ1KDfpmx4g:ohDsejWrf6E:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=hQ1KDfpmx4g:ohDsejWrf6E:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=hQ1KDfpmx4g:ohDsejWrf6E:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=hQ1KDfpmx4g:ohDsejWrf6E:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=hQ1KDfpmx4g:ohDsejWrf6E:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=hQ1KDfpmx4g:ohDsejWrf6E:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/hQ1KDfpmx4g" height="1" width="1"/>2013-05-24T06:57:23.076+05:30http://www.aubsp.com/2013/05/liberalised-remittance-scheme-for-resident-individuals-reporting.htmlRevised fee structure and upcoming batches of GMCS Coursehttp://feedproxy.google.com/~r/SureshPrasad/~3/kMzKmS_Nv98/compulsory-gmcs-i-and-ii-course.htmlCA FinalCA IPCCChartered AccountantsICAICA IPCnoreply@blogger.com (Suresh Prasad)Thu, 23 May 2013 11:30:02 PDTtag:blogger.com,1999:blog-2681379616392091249.post-9168220584742031270<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="GMCS Courses" border="0" src="http://3.bp.blogspot.com/-w_eaIL0tCPI/UZ4NZJGVp5I/AAAAAAAADRE/BZT0DUukPsg/s336/Fee+Structure+and+next+batch+of+GMCS.png" title="Revised fee structure and upcoming batches of GMCS Course"></div> <div class="MsoNormal" style="text-align: justify;"> Recently, the Council of the Institute of Chartered Accountants of India (ICAI) has revised the fee structure of the General Management and Communication Skills (GMCS) <a href="http://www.aubsp.com/2012/08/icai-course-fee-structure-under-direct-entry-scheme.html">Course</a>, a prerequisite for membership enrolment of the CA Institute under Regulation 51A/72A.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Accordingly, every participants have to pay Rs. 5,500 for each GMCS Course (GMCS – I and GMCS – II courses) including existing GMCS Course with effect from 1st July, 2013.</div> <a href="http://www.aubsp.com/2013/05/compulsory-gmcs-i-and-ii-course.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=kMzKmS_Nv98:J5cj1YWT5uc:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=kMzKmS_Nv98:J5cj1YWT5uc:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=kMzKmS_Nv98:J5cj1YWT5uc:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=kMzKmS_Nv98:J5cj1YWT5uc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=kMzKmS_Nv98:J5cj1YWT5uc:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=kMzKmS_Nv98:J5cj1YWT5uc:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=kMzKmS_Nv98:J5cj1YWT5uc:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/kMzKmS_Nv98" height="1" width="1"/>2013-05-24T00:00:02.934+05:30http://www.aubsp.com/2013/05/compulsory-gmcs-i-and-ii-course.htmlDownload Admit Card for CS June 2013 Examinationhttp://feedproxy.google.com/~r/SureshPrasad/~3/jCjuN9eGJAs/download-cs-exam-admit-card-hall-ticket.htmlICSICS FoundationCS ProfessionalCS ExecutiveCompany Secretarynoreply@blogger.com (Suresh Prasad)Wed, 22 May 2013 18:09:15 PDTtag:blogger.com,1999:blog-2681379616392091249.post-4853083704107298650<div dir="ltr" trbidi="on"> <div style="text-align: justify;"> All students who has applied for Company Secretaries (CS) June, 2013 session examination to be conducted by the Institute of Company Secretaries of India (ICSI), may download their Admit Card or hall ticket in PDF form after entering their registration number.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal"> </div> <div style="text-align: justify;"> However, all students should have to check at least 2 most important instructions otherwise it may entail cancellation of your examinations:</div> <br />a) Check all entries/ particulars of your Admit Card just after downloading it.<br /><br />b) Do not forget to carry your Student Identity Card along with Admit Card.<div class="MsoNormal" style="text-align: justify;"> <div class="separator" style="clear: both; text-align: center;"> </div> <br /></div> <div> Thus, you may download your Admit Card from <a href="http://icsi.indiaeducation.net/">India Education</a> after entering your 17 digit Reg. No. (e.g. 120271470/02/2011) as per Students Identity Card.<br /><br />You may like to read:</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> A) <a href="http://www.aubsp.com/2011/12/new-type-of-main-answer-books-for-use.html" target="_blank">New Type of main Answer Books</a><o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> B) <a href="http://www.aubsp.com/2011/06/company-secretaries-examinations.html" target="_blank">Amendments applicable for June 2013 Exam</a><o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> C) <a href="http://www.aubsp.com/2012/01/new-syllabus-for-foundation-programme.html" target="_blank">New Syllabus and Pattern for Foundation Programme</a><o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> D) <a href="http://www.aubsp.com/2011/11/icsi-6-six-months-training-executive.html" target="_blank">6 Months Training for Executive/ Professional Pass Students</a><o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: center;"> Please read the following <i>extract of important instructions</i> as prescribed by the CS Institute:<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b>1) Verification of Particulars:</b> You should have to verify all particulars mentioned in your Admit Card/ Hall Ticket such as Name, Registration Number, Stage and Module(s) of Examination enrolled for, Examination Centre, Exemption granted, etc.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> In case of any discrepancy, please inform to ICSI Institute immediately through:<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a) E-Mail id: <a href="mailto:enroll@icsi.edu">enroll@icsi.edu</a>;<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b) Telephone No.(s) 0120-4522081-86;<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; c) Speed Post<o:p></o:p></div> <div class="MsoNormal" style="margin-left: 72pt; text-align: justify; text-indent: 36pt;"> To<o:p></o:p></div> <div class="MsoNormal" style="margin-left: 72pt; text-align: justify; text-indent: 36pt;"> The Director (Student Services),<o:p></o:p></div> <div class="MsoNormal" style="margin-left: 72pt; text-align: justify; text-indent: 36pt;"> The Institute of Company Secretaries of India, C-37,<o:p></o:p></div> <div class="MsoNormal" style="margin-left: 72pt; text-align: justify; text-indent: 36pt;"> Institutional Area, Sector-62, NOIDA – 201 309<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b>2) Admission to the Examination Hall:</b> Never forget to carry your Admission Certificate (i.e. Admit Card/ Hall Ticket) and Student Identity Card otherwise you will not be allowed to enter the Examination Hall.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b>3) Photograph/ Signature in Admit Card:</b> If the downloaded Admission Certificate does not bear your photograph/ signature then don’t worry about it and just do the following instruction prescribed by CS Institute:<o:p></o:p></div> <div class="MsoNormal" style="margin-left: 99.25pt; text-align: justify; text-indent: -14.2pt;"> a) Affix your recent passport size photograph;<o:p></o:p></div> <div class="MsoNormal" style="margin-left: 99.25pt; text-align: justify; text-indent: -14.2pt;"> b) Put your signature; <o:p></o:p></div> <div class="MsoNormal" style="margin-left: 99.25pt; text-align: justify; text-indent: -14.2pt;"> c) Get it Attested by either from <o:p></o:p></div> <div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: 36pt;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i) Member of ICSI<o:p></o:p></div> <div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: 36pt;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ii) Gazetted Officer of State/ Central Government<o:p></o:p></div> <div class="MsoNormal" style="margin-left: 36pt; text-align: justify; text-indent: 36pt;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; iii) Principal of Recognised School<o:p></o:p></div> <div class="MsoNormal" style="margin-left: 72pt; text-align: justify; text-indent: 36pt;"> iv) Manager of Nationalised Bank.<o:p></o:p></div> <div class="MsoNormal" style="margin-left: 99.25pt; text-align: justify; text-indent: -14.2pt;"> e) Handover one identical photograph to the Superintendent of Examination Centre for affixing the same in the Attendance Sheet.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b>4) Allowable Calculator and Rough Work:</b> Bring your own battery operated noiseless and cordless pocket calculator with not more than 6 functions, 12 digits and 2 memories. Remind that irrespective of use of calculator you have to show all working notes relating to solutions of practical problems along with their answers and rough work done should be marked as <b><span style="color: #1f497d; mso-themecolor: text2;">“ROUGH WORK TO QUESTION No. ……..”</span></b><span style="color: #0070c0;"> </span>and scored off by drawing two parallel lines across such rough work.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b>5) Questions to be Attempted:</b> &nbsp;ICSI has strictly stated that candidates must attempt questions in accordance with the directions given on each Question Paper. If the questions are attempted in excess of the prescribed number, only the questions attempted first upto the required number will be valued and awarded marks and the remaining answer(s) will be ignored.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b>6) Attempt Questions in Consecutive Order:</b> You are required to start answering each question from a fresh page and all parts/sub-question(s) of that question should be attempted in a consecutive order and do not leave any blank space(s)/page(s) in between the answers or answer book(s). Always mention the respective Question No. at the start of answer in bold capital letters and draw parallel lines underneath the question number on the left-hand side margin of the page.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: left;"> E.g. <b><u>ANSWER TO QUESTION No. ….</u></b><u><o:p></o:p></u></div> <div class="MsoNormal" style="text-align: center;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> Further, except the Question No. or Sub-Question No., do not write anything on the left-hand side margin of pages of answer books.<o:p></o:p><br /> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <div class="MsoNormal"> <b>7) To the point Answers and Bad or illegible Handwriting:</b> Institute has advised that the candidates are expected to write to-the-point answers to the questions in neat and legible handwriting citing relevant provisions, of the Acts/Rules quoting case law in support of the answers, wherever applicable. Bad and illegible handwriting will be penalised. Note that any answer book containing entirely illegible (unreadable) handwriting is liable to be awarded “ZERO” marks, if in addition to the original examiner; another examiner had examined and declared that the candidate’s handwriting in the answer book(s) was illegible.<o:p></o:p></div> </div> <div style="text-align: justify;"> <span style="font-family: 'Times New Roman', serif; font-size: 11pt;"><br /></span> <br /> <div class="MsoNormal"> Did You Know: Central Government (CG) has prescribed under section 383A of the Companies Act, 1956 that all companies having a paid -up share capital of Rs 5 crore or more are statutorily required to appoint a whole-time Company Secretary.</div> </div> </div><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=jCjuN9eGJAs:tYxydhNKAho:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=jCjuN9eGJAs:tYxydhNKAho:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=jCjuN9eGJAs:tYxydhNKAho:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=jCjuN9eGJAs:tYxydhNKAho:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=jCjuN9eGJAs:tYxydhNKAho:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=jCjuN9eGJAs:tYxydhNKAho:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=jCjuN9eGJAs:tYxydhNKAho:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/jCjuN9eGJAs" height="1" width="1"/>2013-05-23T06:39:15.930+05:30http://www.aubsp.com/2012/05/download-cs-exam-admit-card-hall-ticket.htmlInformation Systems Audit Course Assessment Test - June 2013http://feedproxy.google.com/~r/SureshPrasad/~3/vhtG0FuOwn0/apply-online-for-isa-course-test.htmlChartered AccountantsICAInoreply@blogger.com (Suresh Prasad)Thu, 16 May 2013 19:25:05 PDTtag:blogger.com,1999:blog-2681379616392091249.post-1641287434810412198<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="ISA Course Assessment Test" border="0" src="http://4.bp.blogspot.com/-vAhgpw6j4mI/UZWTHMEOWbI/AAAAAAAADQ0/bm83OiZAzC4/s1600/Information+Systems+Audit.png" title="Information Systems Audit Course Assessment Test"></div> <div class="MsoNormal" style="text-align: justify;"> The present scenario of the world is based on the technology and therefore a <a href="http://www.aubsp.com/2013/05/delaying-grant-of-icai-membership.html">Chartered Accountant</a> (CA) in practice must have the profound knowledge of the digital environment so that he can help the present business world and form an opinion in a better way as to whether the financial statement of his client give true and fair views of its profit or loss for the period.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> You may be acquainted with the words like ERP/ CAAT/ GAS/ E-Governance/ Network Security Audit &amp; Review/ IT Enabled Services (ITES) etc. and all these <a href="http://www.aubsp.com/2013/03/banking-company-audit-report.html">IT challenges</a> would be converted into opportunities for our ISA qualified CA professionals.<br> </div><a href="http://www.aubsp.com/2013/05/apply-online-for-isa-course-test.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=vhtG0FuOwn0:EY8wgpzB4oU:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=vhtG0FuOwn0:EY8wgpzB4oU:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=vhtG0FuOwn0:EY8wgpzB4oU:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=vhtG0FuOwn0:EY8wgpzB4oU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=vhtG0FuOwn0:EY8wgpzB4oU:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=vhtG0FuOwn0:EY8wgpzB4oU:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=vhtG0FuOwn0:EY8wgpzB4oU:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/vhtG0FuOwn0" height="1" width="1"/>2013-05-17T07:55:05.718+05:30http://www.aubsp.com/2013/05/apply-online-for-isa-course-test.htmlBanks should strictly follow Clean Note Policy of RBIhttp://feedproxy.google.com/~r/SureshPrasad/~3/wiA5LuWVXJ4/rbi-clean-note-policy-for-banks.htmlBanksRBInoreply@blogger.com (Suresh Prasad)Wed, 15 May 2013 11:30:01 PDTtag:blogger.com,1999:blog-2681379616392091249.post-2630210584197636439<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Clean Note Policy of RBI" border="0" src="http://3.bp.blogspot.com/-qINUIy5cdhs/UZNy-CgzWxI/AAAAAAAADQM/wHSTwDITl5Q/s1600/Clean+Note+Policy+of+RBI.png" height="266" title="Banks should strictly follow Clean Note Policy" width="320"></div> <div class="MsoNormal" style="text-align: justify;"> Did you know? India’s Central Bank will soon run a trial pilot project for plastic or polymer currency notes with a view to increase the shelf-life of notes.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> According to the Reserve banks data, on an average, 20% i.e. 1 out of 5 paper notes in circulation gets disposed of every year after getting soiled and in the fiscal year 2012-13 that ended on 31 March 2013, the number of such soiled currency bills stood at over 13 billion units.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> This is because , the Reserve Bank of India (RBI) always endeavours to ensure a steady supply of fresh banknotes to public and try to make improvement in quality of bank notes to dispose of the soiled bank notes and to discontinue the practice of stapling bank notes.</div> <a href="http://www.aubsp.com/2013/05/rbi-clean-note-policy-for-banks.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wiA5LuWVXJ4:FaPpC7bh-FI:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wiA5LuWVXJ4:FaPpC7bh-FI:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wiA5LuWVXJ4:FaPpC7bh-FI:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wiA5LuWVXJ4:FaPpC7bh-FI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wiA5LuWVXJ4:FaPpC7bh-FI:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wiA5LuWVXJ4:FaPpC7bh-FI:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wiA5LuWVXJ4:FaPpC7bh-FI:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/wiA5LuWVXJ4" height="1" width="1"/>2013-05-16T00:00:01.845+05:30http://www.aubsp.com/2013/05/rbi-clean-note-policy-for-banks.htmlAlteration of Articles of Association of a Companyhttp://feedproxy.google.com/~r/SureshPrasad/~3/ae71VvIVpy4/companies-articles-of-association.htmlICSIStock ExchangesROCICAICorporate And Allied LawsICWAIShares And Stocksnoreply@blogger.com (Suresh Prasad)Tue, 14 May 2013 11:30:01 PDTtag:blogger.com,1999:blog-2681379616392091249.post-9146065352800261124<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Alteration of Articles of Association of a Company" border="0" src="http://3.bp.blogspot.com/-hYnHQWwZDuQ/UZIlQqy0x0I/AAAAAAAADP0/NnMTH1PGXZ8/s1600/Articles+of+Association+of+a+Company.png" height="266" title="Alteration of Articles of Association of a Company" width="320"></div> <div class="MsoNormal" style="text-align: justify;"> The expression “Articles” has been defined in section 2(2) of Companies Act, 1956 and accordingly, articles means<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> - the Articles of Association (AOA) of a company<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> - as originally framed or as altered from time to time<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> - in pursuance of any previous Companies Law or of Companies Act, 1956.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> It is most important to note that articles cannot override the provisions of Companies Act. This is because section 9 of Co. Act clearly states that the provisions of Co. Act shall have effect notwithstanding anything to the contrary contained in the articles of a company and any provision contained in the articles shall, to the extent to which it is repugnant (inacceptable) to the provisions of Co. Act, become or be void, as the case may be.</div> <a href="http://www.aubsp.com/2013/05/companies-articles-of-association.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ae71VvIVpy4:X63FROLyJHg:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ae71VvIVpy4:X63FROLyJHg:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ae71VvIVpy4:X63FROLyJHg:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ae71VvIVpy4:X63FROLyJHg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ae71VvIVpy4:X63FROLyJHg:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ae71VvIVpy4:X63FROLyJHg:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=ae71VvIVpy4:X63FROLyJHg:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/ae71VvIVpy4" height="1" width="1"/>2013-05-15T00:00:01.654+05:30http://www.aubsp.com/2013/05/companies-articles-of-association.htmlRevised Schedule of CA Examination for May, 2013http://feedproxy.google.com/~r/SureshPrasad/~3/l7y6iKxn1Fg/icai-exam-schedule-form-fees-may-nov.htmlCA FinalCA IPCCICAICA IPCCA PCCnoreply@blogger.com (Suresh Prasad)Fri, 17 May 2013 20:53:24 PDTtag:blogger.com,1999:blog-2681379616392091249.post-9165832929050811635<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="text-align: justify;"> <div class="separator" style="clear: both; text-align: center;"> <a href="http://2.bp.blogspot.com/-ubMQ1UXGXwI/T_RbVRdfOAI/AAAAAAAABZw/zwUbGgrcHk8/s336/CA+Exam+Schedule.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="CA Exam Schedule May, 2013" border="0" src="http://2.bp.blogspot.com/-ubMQ1UXGXwI/T_RbVRdfOAI/AAAAAAAABZw/zwUbGgrcHk8/s336/CA+Exam+Schedule.png" height="279" title="CA IPC, Final and IRM Exam Schedule May, 2013" width="320"></a></div> <div class="MsoNormal" style="margin-bottom: 0.0001pt;"> The Institute of Chartered Accountants of India (ICAI) has clarified on 13th May, 2013 that due to unavoidable circumstances the examination of Group –II, Paper- 7 – Information Technology and Strategic Management of Intermediate (Integrated Professional Competence) Examination scheduled on <b><span style="color: #cc0000;">15th May-2013 stands postponed</span></b>.<br> <br> <div class="MsoNormal"> In other words, ICAI has cancelled the CA IPC exam of GP-II, Paper-7, ITSM scheduled to be held on 15th may, 2013.<o:p></o:p></div> <div class="MsoNormal"> <br></div> <div class="MsoNormal"> Accordingly, the said examination for the candidates will <b><span style="color: blue;">now be held on 24th May, 2013</span></b> (Friday) from 2.00 PM to 5.00 PM.</div> </div></div></div><a href="http://www.aubsp.com/2012/07/icai-exam-schedule-form-fees-may-nov.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=l7y6iKxn1Fg:4DvfS9RWIWY:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=l7y6iKxn1Fg:4DvfS9RWIWY:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=l7y6iKxn1Fg:4DvfS9RWIWY:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=l7y6iKxn1Fg:4DvfS9RWIWY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=l7y6iKxn1Fg:4DvfS9RWIWY:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=l7y6iKxn1Fg:4DvfS9RWIWY:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=l7y6iKxn1Fg:4DvfS9RWIWY:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/l7y6iKxn1Fg" height="1" width="1"/>2013-05-18T09:23:24.919+05:30http://www.aubsp.com/2012/07/icai-exam-schedule-form-fees-may-nov.htmlResult of Assessment Test of the Certificate Course on International Taxationhttp://feedproxy.google.com/~r/SureshPrasad/~3/0173QawA4Q4/international-taxation-certificate-course.htmlChartered AccountantsICAInoreply@blogger.com (Suresh Prasad)Sat, 11 May 2013 20:07:41 PDTtag:blogger.com,1999:blog-2681379616392091249.post-1414971713129231000<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Certificate Course on International Taxation" border="0" src="http://1.bp.blogspot.com/-K9drvmVCr10/UY8G3OPlE8I/AAAAAAAADPk/C-rM7QbXnm8/s1600/Certificate+Course+on+International+Taxation.png" height="266" title="Certificate Course on International Taxation" width="320"></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">The Institute of Chartered Accountants of India (ICAI) has declared the result of the Assessment Test of the Certificate Course on International Taxation. This test was organised by the Committee on International Taxation of ICAI on Sunday 24th March, 2013.<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">This year only 41 members has got success in this Assessment Test of the Certificate Course on International Taxation whereas total 168 chartered accountants were passed in the last year assessment test organised on Sunday 12th August, 2012.</span></div> <a href="http://www.aubsp.com/2013/05/international-taxation-certificate-course.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=0173QawA4Q4:KSAxljVoXrY:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=0173QawA4Q4:KSAxljVoXrY:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=0173QawA4Q4:KSAxljVoXrY:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=0173QawA4Q4:KSAxljVoXrY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=0173QawA4Q4:KSAxljVoXrY:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=0173QawA4Q4:KSAxljVoXrY:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=0173QawA4Q4:KSAxljVoXrY:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/0173QawA4Q4" height="1" width="1"/>2013-05-12T08:37:41.887+05:30http://www.aubsp.com/2013/05/international-taxation-certificate-course.htmlProcedure for Appointment of First Auditor of a Companyhttp://feedproxy.google.com/~r/SureshPrasad/~3/9-YlGKNLGd8/first-auditors-appointment-resolution.htmlICSICA FinalChartered AccountantsCA CPTICAICA FirmsCS ProfessionalCS ExecutiveCompany SecretaryCA IPCnoreply@blogger.com (Suresh Prasad)Fri, 10 May 2013 11:30:02 PDTtag:blogger.com,1999:blog-2681379616392091249.post-8662798537667622459<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Appointment of First Auditor of a Company" border="0" src="http://3.bp.blogspot.com/-ROeMMLHXqNI/UYzJ3kljMdI/AAAAAAAADN0/qOekRRY2J94/s1600/Appointment+of+First+Auditor+of+a+Company.png" title="Appointment of First Auditor of a Company"></div> <div style="text-align: justify;"> It is well known to everyone that each public as well as private company registered under the companies act, 1956, shall have to comply the provisions contained in sections 224-233B [except sec. 224(1B) which applies only to public companies] of the Companies Act, 1956.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> The power for appointment of the first auditor of a company confers in the hands of Board of Directors (BOD) of that company and it governs only with the provisions of sub-section (5) of sec. 224 of Companies Act, 1956.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Accordingly, the first auditors of a company which has been recently formed can not be appointed through the Memorandum of Association (MOA) or Articles of Association (AOA).<br> </div><a href="http://www.aubsp.com/2013/05/first-auditors-appointment-resolution.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=9-YlGKNLGd8:PDl0CVoGgj4:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=9-YlGKNLGd8:PDl0CVoGgj4:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=9-YlGKNLGd8:PDl0CVoGgj4:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=9-YlGKNLGd8:PDl0CVoGgj4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=9-YlGKNLGd8:PDl0CVoGgj4:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=9-YlGKNLGd8:PDl0CVoGgj4:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=9-YlGKNLGd8:PDl0CVoGgj4:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/9-YlGKNLGd8" height="1" width="1"/>2013-05-11T00:00:02.886+05:30http://www.aubsp.com/2013/05/first-auditors-appointment-resolution.htmlAdditional course permitted simultaneously with CA coursehttp://feedproxy.google.com/~r/SureshPrasad/~3/wunv9bQ6HWA/delaying-grant-of-icai-membership.htmlCA FinalChartered AccountantsICAICA IPCnoreply@blogger.com (Suresh Prasad)Fri, 10 May 2013 07:17:43 PDTtag:blogger.com,1999:blog-2681379616392091249.post-5824408691663459273<div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Restriction on pursuing additional course" border="0" src="http://2.bp.blogspot.com/-gP44SJg4_nc/UYua_ojpmiI/AAAAAAAADLc/7KuZDLipnvg/s336/Course+permitted+simultaneously+with+CA+course.png" title="Restriction on pursuing additional course during Articled Training"></div> <div style="text-align: justify;"> At present there are two routes for doing Chartered Accountancy (CA) course viz. <a href="http://www.aubsp.com/2013/01/ca-cpc-registration-for-cpt-exam-june-december.html">CPT</a> (Common Proficiency Test) route and <a href="http://www.aubsp.com/2012/08/ca-cpt-exemption-to-graduate-and-students-of-icai-icsi.html">Direct Entry</a> route to enroll as a member of the Institute of Chartered Accountants of India (ICAI) to be designated as “Chartered Accountant”.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br> In both the routes there is a compulsory requirement of practical training for the period of 3 years as an Articled Assistants/ Audit Trainee to apply theoretical knowledge in practical situations and to acquire work experience of a professional nature.</div> <div class="MsoNormal" style="text-align: justify;"> <o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Under the present scheme of education and training CA students may join Articleship Training / Audit Training (8 months equivalent to 6 months of articleship training) just after passing either Group I or Both Groups of Intermediate (Integrated Professional Competence) Course.<br> </div><a href="http://www.aubsp.com/2013/05/delaying-grant-of-icai-membership.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wunv9bQ6HWA:htdwbPFNR_M:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wunv9bQ6HWA:htdwbPFNR_M:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wunv9bQ6HWA:htdwbPFNR_M:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wunv9bQ6HWA:htdwbPFNR_M:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wunv9bQ6HWA:htdwbPFNR_M:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wunv9bQ6HWA:htdwbPFNR_M:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=wunv9bQ6HWA:htdwbPFNR_M:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/wunv9bQ6HWA" height="1" width="1"/>2013-05-10T19:47:43.166+05:30http://www.aubsp.com/2013/05/delaying-grant-of-icai-membership.htmlCBEC extends the last date of e-filing of Service Tax Return (ST3) for Third Quarterhttp://feedproxy.google.com/~r/SureshPrasad/~3/msblnOkno_U/service-tax-return-forms-filing-last-date.htmlTaxpayersService Taxnoreply@blogger.com (Suresh Prasad)Mon, 29 Apr 2013 18:20:17 PDTtag:blogger.com,1999:blog-2681379616392091249.post-2697783704874401531<div class="MsoNormal" style="text-align: justify;"> <div class="separator" style="clear: both; text-align: center;"> <a href="http://2.bp.blogspot.com/-J0QsUlyvkVg/UIZY-Qci_YI/AAAAAAAACOw/A9MDGXXoYZc/s336/CBEC+entered+into+MoUs+with+ICAI+ICSI+ICWAI+for+CFCs.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Certified Facilitation Centres (CFCs)" border="0" src="http://2.bp.blogspot.com/-J0QsUlyvkVg/UIZY-Qci_YI/AAAAAAAACOw/A9MDGXXoYZc/s336/CBEC+entered+into+MoUs+with+ICAI+ICSI+ICWAI+for+CFCs.png" title="Pay Your Service Tax with the help of CFCs"></a></div> As we know that Service <a href="http://www.aubsp.com/p/taxpayers.html">TaxPayers</a> have to pay their service tax on all services except those mentioned either in the Negative List or in the Mega Exemption vide Notification No. 12/2012-ST dated 17.03.2012.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Accordingly, from 1st July, 2012 after implementation of the Negative List concept in Service Tax by Central Government (CG) vide Notification No. 19/2012-ST dated 05.06.2012, the return filing cycle of six months (April-September, 2012) has been spilt into quarterly service <a href="http://www.aubsp.com/2013/01/how-to-calculate-taxable-income-and-tax-payable.html">tax return filing</a>.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> As we know that in exercise of the powers conferred by rule 7(4) of the Service Tax Rules, 1994, the Central Board of Excise &amp; Customs (CBEC) had extended the last date of submission of the New Service Tax Return Form ST-3 for the period from 1st July 2012 to 30th September 2012, from 15th April, 2013 to 30th April, 2013 vide Order No 2/2013 dated the 12th April, 2013.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Thus, today is the last day for submission of Service Tax Return (ST-3) for second quarter July-September, 2012 and Automation of Central Excise and Service Tax (ACES) has released the modified version of the Service Tax Return (ST3) for the period 1st July- 30th September, 2012.<br> </div><a href="http://www.aubsp.com/2012/10/service-tax-return-forms-filing-last-date.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=msblnOkno_U:jklkgczaXfM:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=msblnOkno_U:jklkgczaXfM:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=msblnOkno_U:jklkgczaXfM:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=msblnOkno_U:jklkgczaXfM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=msblnOkno_U:jklkgczaXfM:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=msblnOkno_U:jklkgczaXfM:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=msblnOkno_U:jklkgczaXfM:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/msblnOkno_U" height="1" width="1"/>2013-04-30T06:50:17.322+05:30http://www.aubsp.com/2012/10/service-tax-return-forms-filing-last-date.htmlHow to Check Enrollment Status for CS June, 2013 Examinationhttp://feedproxy.google.com/~r/SureshPrasad/~3/FuGlf6o7gYM/icsi-exam-enrollment-status-june-december.htmlICSICS FoundationCS ProfessionalCS Executivenoreply@blogger.com (Suresh Prasad)Wed, 22 May 2013 18:44:09 PDTtag:blogger.com,1999:blog-2681379616392091249.post-884315293992187637<div class="MsoNormal" style="text-align: justify;"> <div class="separator" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"> <img alt="Enrollment Status for CS Exams" border="0" src="http://2.bp.blogspot.com/-pTlKSVSY4ws/UIMSv188s6I/AAAAAAAADGM/KcGZP11tlAI/s336/Check+CS+Exam+Enrollment+Status.png" title="Enrollment Status for CS Exams June, 2013"></div> Are you waiting for your Admit Card for CS June, 2013 exams? Are you avid to know your enrollment status for the coming Company Secretary Examinations to be held in June, 2013?<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> If your answer is in glaring then you had come at the right place where you will get all relevant information relating to your exam viz. Status, Name, Stage, Module, Exam Centre Name, Exam Year and medium etc. and guidance regarding your query.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> All those students whose request for examination enrollment have been rejected due to expiry of registration but applied for renewal of registration in time may contact the CS Institute at e-mail id extension@icsi.edu or at telephone number 0120-4522072/75 for verification of records.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Further, if your exam form/fee has not been received by CS Institute or you had entered wrong registration number then the following message will be displayed on screen:<br> </div><a href="http://www.aubsp.com/2012/10/icsi-exam-enrollment-status-june-december.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=FuGlf6o7gYM:TsFx5k0BO9A:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=FuGlf6o7gYM:TsFx5k0BO9A:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=FuGlf6o7gYM:TsFx5k0BO9A:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=FuGlf6o7gYM:TsFx5k0BO9A:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=FuGlf6o7gYM:TsFx5k0BO9A:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=FuGlf6o7gYM:TsFx5k0BO9A:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=FuGlf6o7gYM:TsFx5k0BO9A:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/FuGlf6o7gYM" height="1" width="1"/>2013-05-23T07:14:09.110+05:30http://www.aubsp.com/2012/10/icsi-exam-enrollment-status-june-december.htmlHow to download CA Intermediate (IPC)/ATE and Final Exam Admit Card for May, 2013?http://feedproxy.google.com/~r/SureshPrasad/~3/gVKpxexuoRo/download-ca-exam-admit-card-hall-ticket.htmlCA FinalCA IPCCCA ATEICAICA IPCCA PCCnoreply@blogger.com (Suresh Prasad)Tue, 23 Apr 2013 18:20:32 PDTtag:blogger.com,1999:blog-2681379616392091249.post-5096653547678846965<div class="separator" style="clear: both; text-align: center;"> <a href="http://1.bp.blogspot.com/-BKjYzy0w66Y/T2AoysoVp9I/AAAAAAAABFs/EzV87W_sO8U/s336/ICAI-+Download+CA+Exam+Admit+Card+Hall+Ticket.PNG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="CA Exam Admit Card" border="0" src="http://1.bp.blogspot.com/-BKjYzy0w66Y/T2AoysoVp9I/AAAAAAAABFs/EzV87W_sO8U/s336/ICAI-+Download+CA+Exam+Admit+Card+Hall+Ticket.PNG" title="Intermediate (IPC)/ATE and Final Exam Admit Card"></a></div> <div class="MsoNormal" style="text-align: justify;"> As per Paragraph 11 of Guidance Note “Issue of Admit Cards” hosted on www.icaiexam.icai.org  the dispatch of physical admit cards has now been discontinued.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> Therefore, all students of CA Intermediate (IPC)/ATE and Final course who are going to appear for the coming examination to be held in the month of May, 2013, have to download and/ or print their Admit Card online for May, 2013 examination.<o:p></o:p></div> <div class="MsoNormal" style="text-align: justify;"> <br></div> <div class="MsoNormal" style="text-align: justify;"> For downloading/ printing of CA exam admit cards online, you will be asked for enter the following information:</div> <a href="http://www.aubsp.com/2012/03/download-ca-exam-admit-card-hall-ticket.html#more">Read the Full Article for conclusion !</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=gVKpxexuoRo:dLbGHyrqEas:V-t1I-SPZMU"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=V-t1I-SPZMU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=gVKpxexuoRo:dLbGHyrqEas:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=gVKpxexuoRo:dLbGHyrqEas:I9og5sOYxJI"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=I9og5sOYxJI" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=gVKpxexuoRo:dLbGHyrqEas:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=gVKpxexuoRo:dLbGHyrqEas:UT3xtbGYFzA"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=UT3xtbGYFzA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=gVKpxexuoRo:dLbGHyrqEas:bcOpcFrp8Mo"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=bcOpcFrp8Mo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/SureshPrasad?a=gVKpxexuoRo:dLbGHyrqEas:xD1eprFKJ5M"><img src="http://feeds.feedburner.com/~ff/SureshPrasad?d=xD1eprFKJ5M" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/SureshPrasad/~4/gVKpxexuoRo" height="1" width="1"/>2013-04-24T06:50:32.411+05:30http://www.aubsp.com/2012/03/download-ca-exam-admit-card-hall-ticket.html@ All Rights Reserved.nonadult