Here comes the Secretarial Standards. After the standards notified by Companies Act for financial accounting and Income Tax Department for Tax Accounting, ICSI has notified following standards: SECRETARIAL STANDARD ON MEETINGS OF THE BOARD OF DIRECTORS (SS-1) SECRETARIAL STANDARD ON GENERAL MEETINGS (SS-2) These standards have been notified as per the Power given to ICSI…
MCA released new Companies (Auditor’s Report) Order, 2015. However date of applicability of new CARO is yet to be notified. Disclosure requirement has been reduced significantly in this new CARO, 2015. Full text of CARO, 2015 can be downloaded from here. Google Plus Google CommunityFacebookTwitter
MCA has issued following circular giving clarification regarding receiving of loan by private company from members, directors or their relatives. As per this notification, any loan received before 1st Apr-2014 is not to be considered ‘deposits’ under Companies Act 2013 and Companies (Acceptance of Deposits) Rules, 2014. Complete notification is given below: General Circular No.…