Corporate Updates 25 April 2014


RBI has advised Guidelines on Uniform Accounting Standards at Asset Reconstruction Companies (ARCs) and will be effective from the accounting year 2014-15. Wherein guidelines relating to Acquisition cost (Pre and post acquisition), Revenue Recognition, Valuation of Security Receipts (SRs), Applicability of ‘Operating Cycle Concept’ under Schedule VI are prescribed in detail.


The Government of National Capital Territory of Delhi has issued a Circular for use of digital signature for online filing of applications/returns etc and all registered dealers can avail of the facility by obtaining digital signatures from any of the certifying authorities. The dealers filing the returns online by using digital signature need not” to file Return verification Form in Form DVAT-56. The hard copy of such documents need not be filed with the Department if a document/return/application” etc. is submitted using digital signature.

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