Author Archive
Govt may harmonise voluntary corp governance norms in Cos Bill
By admin at 11 March, 2010, 10:42 am
The government today said it will try to harmonise the voluntary corporate governance norms with the new Companies Act and is open to make the existing guidelines more effective.
“We are open to redoing and reevaluating the voluntary corporate governance code next year… We will (also) try to harmonise the code with the new Companies Act [...]
Dissonance in IFRS convergence
By admin at 11 March, 2010, 10:39 am
Approaching IFRS (the International Financial Reporting Standards) through a converged set of accounting standards, as announced by India, is a highly inconsistent but alternative line of thinking, observes T. P. Ghosh, Professor in the Institute of Management Technology, Dubai International Academic City, UAE (www.imtdubai.ac.ae).
For starters, it may help to know why there is a growing [...]
Banks must pull up their socks, says ICAI’s Amarjit Chopra
By admin at 11 March, 2010, 10:38 am
The newly elected President of the Institute of Chartered Accountants of India, Amarjit Chopra said he is expecting amendments to the Companies Act and feels the banking sector needs to pull up its socks.
“The banking sector will have to work more. They will have to take a call, particularly the Reserve Bank, as to what [...]
ICAI mulls providing coaching classes
By admin at 9 March, 2010, 5:05 pm
The Institute of Chartered Accountants of India (ICAI), in a bid to save time and money of students pursuing the Chartered Accountancy programme as they complete their course is planning to provide them with coaching classes taught by the faculty members through virtual and physical medium.
Amarjit Chopra, president of ICAI said that, “This initiative, for [...]
PW plea on Satyam probe rejected
By admin at 9 March, 2010, 10:18 am
Price Waterhouse (PW), an Indian arm of the global consultancy firm PricewaterhouseCoopers, whose partners got embroiled in the Satyam accounting fraud, failed to get a reprieve from the stock market regulator, the Securities and Exchanges Board of India (Sebi).
The market regulator rejected a PW appeal for early winding up of the enquiry instituted against it [...]
CA rush on, never mind Satyam
By admin at 9 March, 2010, 10:17 am
Last year’s revelation of an accounting scandal in Satyam Computer Services has not dented the charm of accounting as a career, it seems.
Between February 2009 and 2010, the number of candidates registering with the Institute of Chartered Accountants of India (ICAI) to qualify as a chartered accountant has grown by more than 25 per cent.
“The [...]
Ministry of Corporate affair to bring out a mandatory corporate governance code after one year
By admin at 9 March, 2010, 10:15 am
Western India Regional Council of ICSI organized a one day seminar on MCA voluntary guideline on Corporate Governance at Landmark. The seminar was conducted by eminent faculties which included Hon’ Ble Roc, Joint Director (Technical) and Authorities, MCA ; Shri B L Tapadia, Executive Director, Ambuja Cement; Shri K Sethuraman, Group Company Secretary, Reliance Industries; [...]
Read More >>Ready with CCI norms for M&A: Govt
By admin at 9 March, 2010, 10:14 am
The government today said it is ready with the regulations to give teeth to the competition watchdog CCI for examining mergers and acquisitions and would notify it once the Commission develops expertise in tackling such cases.
“A lot of capacity building is still required (in the CCI)…If we notify it (merger norms) today, you know we [...]
Monitoring Committee for vanishing companies
By admin at 9 March, 2010, 10:12 am
The Government has informed Lok Sabha that a Coordination and Monitoring Committee (CMC), co- chaired by Secretary, Ministry of Corporate Affairs and Chairman, Securities and Exchange Board of India (SEBI) has been set up to look into issues relating to companies that had come out with public issues and vanished and to monitor the progress [...]
Read More >>ICAI’s Campus Placement Programme
By admin at 9 March, 2010, 10:11 am
The Institute of Chartered Accountants of India (ICAI), working under the aegis of the Ministry of Corporate Affairs, organizes campus placement programme for the benefit of newly qualified Chartered Accountants twice every year. The first phase of the programme is going on these days at 5 cities namely Bangalore, Chennai, Kolkata, Mumbai and New Delhi. [...]
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