Daily Archives: August 7, 2016

ICAI Exposure draft on Guidance on Accounting for Oil and Gas Activities b

Exposure Draft of the Guidance Note on Accounting for Oil and Gas Producing Activities (for entities to whom Ind AS is applicable) (Comments to be received by August 31, 2016) – (02-08-2016) As the era of Indian Accounting Standards, i.e., Ind AS has already started, the Institute of Chartered Accountants of India (ICAI) has taken… Read More »

Issuance of Rupee Bonds to Overseas Investors by Indian Companies : MCA Circular

SECTION 71 OF THE COMPANIES ACT, 2013 ISSUANCE OF RUPEE BONDS TO OVERSEAS INVESTORS BY INDIAN COMPANIES GENERAL CIRCULAR NO.9/2016 [NO.1/21/2013-CL-V], DATED 3-8-2016 The Ministry has received references from stakeholders seeking clarity on applicability of provisions of Chapter III of the Companies Act, 2013 (Act) and rule 18 of Companies (Share Capital and Debenture) Rules,… Read More »

GST bill in Lok Sabha on Monday; Narendra Modi to intervene

Lok Sabha is set to take up the GST Bill for passage on Monday during which Prime Minister Narendra Modi will intervene, even as the Centre today continued efforts for its early ratification by the state assemblies. Giving the information that Lok Sabha will take up the GST Bill on Monday, a senior Union minister… Read More »

Category: GST