MCA
MCA has notified the Companies (Audit and Auditors) Amendment Rules, 2017 which shall come into force on the date of their publication in the Official Gazette i.e 30-03-2017. The amendment are being made to put additional responsibility on the shoulders of the Statutory Auditors to check, report and provide requisite disclosures in its financial statements as to holdings as well as dealings in Specified Bank Notes during the period from 8th November, 2016 to 30th December, 2016 and if so, whether these are in accordance with the books of accounts maintained by the company. Further, changes are also being carried out in the Income Tax returns for corporate to disclose all such figures in their returns for the financial year 2016-2017.
MCA
MCA has carried out further amendments to Schedule III of the Companies Act, 2013 with effect from the date of publication of this notification in the Official Gazette. In Part I under the heading “General instructions for preparation of Balance Sheet” in paragraph 6, after clause ‘W’, a new clause has been inserted which requires every company to disclose the details of Specified Bank Notes (SBN) held and transacted during the period from 8th November, 2016 to 30th December, 2016 as prescribed in given Table. For the purposes of this clause, the term ‘Specified Bank Notes’ shall have the same meaning provided in the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407(E), dated the 8th November, 2016.
News from NIRC of ICSI
Northern India Regional Council cordially invites you at Discussion & Interactive Session on CORPORATE SOCIAL RESPONSIBILITY(CSR) with CS Seema Rath, Joint Director (CSR), Ministry of Corporate Affairs, Govt. of India on Wednesday, the 5th April, 2017 – 5.30 PM onwards at NIRC Auditorium, ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. No participation Fees; PCH – 1.
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