Category Archives: News

Code on Social Security 2019 Bill Introduced in Lok Sabha

By | December 11, 2019

The Code on Social Security 2019 Code on Social Security 2019 introduced in Lok Sabha on 11.12.2019 STATEMENT OF OBJECTS AND REASONS The Second National Commission on Labour, which submitted its report in June, 2002 had recommended that the existing set of labour laws should be broadly amalgamated into the following groups, namely:–– (a) industrial… Read More »

Personal Data Protection Bill 2019 introduced in Lok Sabha : Download

By | December 11, 2019

Personal Data Protection Bill 2019 The Lok Sabha has introduced the Personal Data Protection Bill, 2019 on 11.12.2019  whereby various clauses related to obligation of data fiduciary, grounds for processing of personal data without consent, personal data and sensitive personal data, personal data for children, rights of personal data and so on have been discussed.… Read More »

Citizenship (Amendment) Bill 2019 Passed in Parliament

By | December 11, 2019

Ministry of Home Affairs Parliament passes the Citizenship (Amendment) Bill 2019 Bill seeks to grant Indian Citizenship to persons belonging to Hindu, Sikh, Buddhist, Jain, Parsi and Christian communities on ground of religious persecution in Pakistan, Afghanistan and Bangladesh Narendra Modi government is committed to protect rights of each citizen of the country. The only… Read More »

Govt introduced 33 tranches of Sovereign Gold Bonds

By | December 9, 2019

Ministry of Finance Government has introduced 33 tranches of Sovereign Gold Bonds Posted On: 09 DEC 2019 The Government Sovereign Gold Bonds (SGB) Scheme was introduced in November 2015. SGBs are provided as a substitute for physical gold to investors. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance &… Read More »

FAQ on ‘Presentation of Dividend and Dividend Distribution Tax'(Revised September, 2019)

By | September 18, 2019

FAQ on ‘Presentation of Dividend and Dividend Distribution Tax'(Revised September, 2019) – (17-09-2019) by ICAI Question: What is the presentation requirement as per Ind AS in India for dividend and dividend distribution tax thereon? Response: Presentation of Dividend The paragraphs 35 and 36 of Ind AS 32, Financial Instruments: Presentation, reproduced hereunder relate to recognition… Read More »

ICAI Advisory on Auditor’s Reporting on Section 197(16) of the Companies Act, 2013

By | September 9, 2019

Advisory on Auditor’s Reporting on Section 197(16) of the Companies Act, 2013 1    Section 197(16) of the Companies Act, 2013 requires as under: “The auditor of the company shall, in his report under section 143, make a statement as to whether the remuneration paid by the company to its directors is in accordance with the… Read More »