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SAI VENKATESHWARAN
Cos add muscle to internal investigation teams to thwart fraudBoth listed and unlisted entities are also roping in external agencies for establishing internal investigation teams, according to experts.
KPMG hails RBI proposal on accounting standards road mapRBI today said it has recommended a road map to the Ministry of Corporate Affairs for implementation of Indian Accounting Standards (Ind-AS...
M&A deals may hit speed bump with new accounting standardsThe new standards, called Ind-AS, would need companies to make changes in the way they account for revenue and tax.
Government notifies new accounting standards for computing business incomeThe government today notified new accounting standards for computation of business income, which will ensure consistency and help minimise ...
Companies can access all professional services from one source soonRegulations will allow multi-disciplinary partnerships operational in India so that audit, accounting, tax, legal and other related service...
Government eases compliance norms under companies lawThe Corporate Affairs Ministry has made new amendments to rules under the Companies Act, 2013 -- whose most provisions came into force from...
MCA to roll out Phase I of new Accounting Standards in FY17The ministry had announced the Ind AS roadmap. Banking, insurance and non-banking finance companies are exempted from the roadmap.
Companies with foreign subsidiaries exempted from filing CFS this fiscal yearExemption was needed since subsidiaries that are incorporated outside India are required to follow the financial reporting frameworks appli...
'Companies law amendments to improve ease of doing business in India'Jaitley said "oppressive provisions" have been removed as it was felt "no body will come here to set up business if such an environment per...
Companies Act amendments to make related party deal norms easierAmendments seeks to partly align provision of Cos Act with that of Sebi norms but in some other aspects, it has sought to provide greater r...
Government eases procedural norms for directors in new companies lawThe changes have been made through the Companies (Appointment and Qualification of Directors) Amendment Rules, 2014, according to the Corpo...
Government amends accounting norms for depreciationWith the latest changes, requirement to adjust difference directly to opening balance of retained earnings has now been made optional.
Accounting norms applicability may hit power companies' profitsThe country's power sector is facing tough times mainly on account of coal shortages, which is hurting electricity generation at various pl...
Changes to related party transaction norms significant: KPMGThe latest amendments to related party transaction norms are "significant" and would help reduce practical difficulties faced by companies,...
Government clarifies 'related party' deal norms in new Companies ActThe government clarified "related party" refers to those who have interest in arrangement for which special resolution is passed.
Vacant seats on board drags Coal India into deeper crisisAbsence of independent directors leads to violation of Clause 49, may delay results.
- IFRS compliance to boost M&A; bring more transparency: Experts
Despite apprehensions about companies conforming to IFRS when declaring their earnings, experts in the field of merger and acquisition feel...