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Friday, June 27, 2014

Vacancy for CA in HSBC Bank



Candidate profile
Minimum 8 years of experience in commercial banking space with MBA Finance/ CA Degree

Ability to lead and motivate staff, fostering a teamwork atmosphere, with a high degree of sales

Amendment in Companies Act likely in 3 phases

Amendment in Companies Act likely in 3 phases: Sources Since the notification of Companies Act on April 1, 2014, there have been demands by corporates and company law experts to amend it.

since the notification of Companies Act on April 1, 2014, there have been

SEBI clarifies on employee stock option norms

http://www.thehindu.com/business/Industry/sebi-clarifies-on-employee-stock-option-norms/article6155847.ece?homepage=true

ROC Clarification on Annual Return

CA Day Celebrations of the ICAI - 1st July, 2014.

http://www.icai.org/new_post.html?post_id=10748&c_id=240

Wednesday, June 25, 2014

Vacancy for CA in American Express

Job Description

The Incumbent Will Be Primarily Responsible For The Delivery Of Functions For Research and cleareance and To Lead The Team To Continually . • Deliver On The Commitment To Customers As Per Agreed Timelines, With High Quality In A Controlled Environment •Improve The Process(Es), Effectiveness, To Advance His/Her Area Of Functional Expertise And To Ensure That Integrity, Control And Optimal Functionality / Efficiency Is Established, Maintained And Improved For The Assigned Processes And Associated Cost / Quality Metrics • In Addition, The Incumbent Will Serve A Critical Role In The Development And Implementation Of The Standardization, Continuous Improvement And Re-Engineering Initiatives That Continue To Support The Organisation’s Momentum In Achieving Goals And Service Levels, Meeting And Exceeding Customer Objectives. • The Incumbent Will Be Expected To Quickly Gain Detailed Understanding Of Inputs, Processes, Controls, Flows, Metrics, Risks, Sla And Outputs Of The Process Area. • The Incumbent Shall Support Various Initiatives / Projects For The Area . • The Incumbent Shall Ensure That All Deadlines Are Continually Met And Adequate Controls Are Maintained Over The Processes Handled By The Team • The Incumbent Shall Ensure Compliance With The Prevailing Policies And Procedures Besides Contractual And Regulatory Requirements As Applicable • The Incumbent Shall Be Required, Among Other Things, To Maintain Close Contact With Customer / Business Partners, Technologies And Other Interface Groups • Should Have Good Maturity To Respond Quickly To Crisis Situations Related To The Process, Customers And Unique Employee Issues. -The Incumbent Shall Support Various Initiatives/Projects For The Area, Primarily Around This Position Reports To Sdl
This role may be subject to additional background verification checks.

Qualifications

The Incumbent Should Either Be A B.Com (Or Equivalent) / Ca / Mba With Relevant Working Experience. Well-Developed Analytical Skills, Ability To Understand The Linkages To Processes. Demonstrated Accounting Expertise. Ability To Think Innovatively And To Pursue Ideas With Conviction. Excellent Team Player With Strong Inter-Personal Skills And Communication Skills – Both Written And Spoken. The Incumbent Should Be Assertive, Should Be Able To Influence &

e Wealth Tax Return Mandatory

Draft Amendments to Companies Act,2013

Private companies may be exempted from complying with the new company law provisions on related party transactions (RPTs).
This forms part of several relaxations proposed by the Corporate Affairs Ministry (MCA) for private firms.
The Ministry has now come out with a draft notification which, among other things, provides for exemption to private companies with regard to compliance with provisions on related party transactions.
The new company law had wanted private companies to comply with detailed provisions on such transactions, including the most stringent one of seeking nod from disinterested directors and shareholders.
“The latest MCA proposal will free private companies from the hassle of getting disinterested vote and should definitely bring cheer to them,” Lalit Kumar, Partner, J Sagar Associates, a law firm, told Business Line . Getting a disinterested vote is generally not possible in a private company situation

File Form MBP 14 within 30 days of First Board Meeting related to Disclosure of interest by directors

 CA Nitesh More
1) As per Section 184 of the Companies Act, 2013, and Rule 8 and 9 of the Companies (Meetings of Board & its Powers) Rules, 2014, every director shall at the first meeting of the Board of every year, has to give disclosure of his interest/concern in form MBP 1.

2) Further as per Section 117 of Companies Act, 2013, Company needs to file the Board Resolution noting such disclosure in e-Form no. MGT-14 within 30 days from the date of Board Meeting in

IT : Capital gains arising out of sale of property under construction is to be computed by taking projected cost of construction and not merely on cost till date



IT : Capital gains arising out of sale of property under construction is to be computed by taking projected cost of construction and not merely on cost till date


[2014] 45 taxmann.com 434 (Delhi)
HIGH COURT OF DELHI
Commissioner of Income-tax , Delhi - VI
v.
Tyagi Anand & Co. (P.) Ltd.

MCA issued clarification on format of Annual Return for F.Y. 2013-14

MCA has issued clarification on applicability of Annual Return format for the financial year ended on 31/03/2014.

As per the clarification for the F.Y. ended before 01/04/2014 format of Annual Return shall be as per Companies Act, 1956 and not format as per MGT - 7.

GOOD NEWS:20 AUDIT LIMIT WILL NOT APPLY TO PVT LTD CO:Draft exemptions to be given to PVT LTD COs: MCA invites suggestions: What exemption u require for pvt Ltd companies?


NOTICE INVITING COMMENTS FOR THE DRAFT NOTIFICATION UNDER
SECTION 462 OF THE COMPANIES ACT, 2013 FOR PRIVATE COMPANIES
 
Section 462(1) of the Companies Act, 2013 (Act) empowers the Central  Government to direct, by notification, in the public interest, that any of the provisions of this Act shall not apply to such class or classes of companies, or shall apply to the class or classes of companies with such exceptions, modifications and

Monday, June 23, 2014

Vacancy for CA/CPA in Deloitte

Job Description

About Deloitte
"Deloitte" is the brand under which independent firms throughout the world collaborate to provide services in a particular geographic area. These firms are members of Deloitte Touché Tohmatsu Limited DTTL, a UK private company limited by guarantee. With 170,000 people in over 150 countries, Deloitte member firms serve more than 80 percent of the world's largest companies as well

Vacancy for CA/CPA in PWC

Job Profile :
PwC's Systems and Process Assurance (SPA) practice provides services related to controls around the financial reporting process, including financial business process and IT management controls. Serving both audit and non-audit clients, SPA provides:

Prohibited Services by the same auditors


Prohibited Services:-
Under the Companies Act 13, an auditor will be allowed to provide only such other services to the company as are approved by its board or audit committee. However, the Auditor is not allowed to render the following services either directly or indirectly to the company, its holding or subsidiary company:

CL Update 32: Format of auditor's certificate for DPT 4(Revised format)

CL Update 32: Format of auditor certificate for DPT 4

Under Rule 20 of the Companies (Acceptance of Deposits Rules, 2014)

Certified that the Statement of Deposit in Form DPT 4 annexed herewith of ------------LIMITED as on 1.4.2014 has been verified and in our opinion and to the best of our information and according to the explanation given to us the said Statement is correct and give the information in accordance with the provisions of clause (a) of sub-section (1) of section

CFO and CS--Are they Related Parties for 2013-14?

The Companies Act 2013 defines a Key Management Personnel (KMP) in Section 2(51) as follows:

[(51) “key managerial personnel”, in relation to a company, means

Wednesday, June 18, 2014

For CA: Quickheal & other softwares, Bank finance available at discounted price

As you all are aware that Committee for Capacity Building of CA Firms and Small & Medium Practitioners (CCBCAF & SMP) has always been proactive to strengthen practice profile of CA firms as well as Small & Medium Practitioners with various initiatives on a continuous basis.We are glad to share with you that during the year your Committee has taken various initiatives under the visionary leadership of President and Vice President for benefit of SMPs & CA Firms. May we also put on record that to do such voluminous quality work in a short time span was not possible to achieve single

Format of Statutory Auditors Report for Financial Year 2013-14

The report has considered the certain changes as prescribed by Institute of Chartered Accountants of India (ICAI) consequent to notification of certain sections under Companies Act, 2013. Highlighted the changes introduced in blue for your reference :- 

Independent Auditors’ Report

TO THE MEMBERS OF ABC LIMITED
REPORT ON THE FINANCIAL STATEMENTS

We have audited the accompanying financial statements of ABC Limited (the Company), which comprise the Balance Sheet as at March 31, 2014, the Statement of Profit and Loss and Cash Flow

CPE TEN MINUTE INCREMENTS--OHIO USA

Ohio is the first state in the nation to allow continuing professional education in 10-minute increments for CPAs.
Ohio Society of CPAs president and CEO Scott D. Wiley announced the change Tuesday at the OSCPA’s Leadership Summit and Annual Meeting in Columbus. The Accountancy Board of Ohio

Monday, June 16, 2014

Vacancy for CA/ICWA in Railtel Corporation of India Ltd

Railtel Corporation of India Ltd Recruitment 2014 – 93 Dy Manager, Manager & Other Posts: RailTel Corporation of India Limited has issued a notification for the recruitment of 93 Senior Manager Data Centre, Manager Data Centre, Deputy General Manager, Senior Manager, Manager, Deputy Manager, Assistant General Manager, Joint General Manager, Company Secretary & Dy. General Manager/ Joint General Manager vacancies. Eligible candidates may apply online from

Vacancy for CA Inter/ICWA Inter/CS Inter in APEDA

APEDA Recruitment 2014 – Manager Accounts Posts: Agricultural & Processed Food Products Export Development Authority (APEDA) has issued notification for the recruitment of Manager Accounts vacancies. Eligible candidates may send their applications on or before 20-06-2014. For more details like age limit, qualification, selection process, application fee, how to apply are given below…
APEDA Vacancy Details:
Total No.of Posts:01
Name of the Post: Manager Accounts (General)
Age Limit: Candidates age limit should be 40 years as on last date of applications. Age relaxation for SC/ ST/ OBC and PH candidates applicable as per rules.
Educational Qualification: Candidates should possess Bachelors degree in Commerce with Accountancy, Mathematics, and Intermediate CA/ ICWA/CS with 3 years experience in Accountancy.
Selection Process: Shortlisted candidates will be called for skill test/ interview.
Application Fee: Candidates should pay Rs.100/- through IPO/ Bank Draft in favor of Agricultural

Associate Vice President, Internal Audit job vacancy at HSBC Bank


Candidate profile
Qualified CA or MBA

Professional accounting and auditing accreditation and/or equivalent management/audit experience

Expert knowledge of the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing

Detailed vacancy information and online application facility can be accessed through the link provided below.

Vacancy for CA/ICWA/CA Inter/ ICWA Inter in Shell

Specialist- Management Information Planning Analysis
India
The aim of the Shell Business Service Centre, Chennai is to provide the Group with operational excellence through highlighting and utilizing process improvements and functional efficiencies as well as by leveraging economies of scale. Currently, the Chennai centre provides a wide range of finance, accounting and business services to Shell operating companies across several

Wednesday, June 11, 2014

Vacancy for CA in GE

1961197
GE Global Growth Organization
Global Growth Organization - GE India
GE (NYSE: GE) works on things that matter. The best people

Govt may drop attestation of documents

You may no longer need a gazetted officer or a magistrate to attest documents sought by government departments. Prime Minister Narendra Modi has asked his bureaucrats to repeal all laws and rules which come in the way of effective governance.  

In a meeting with secretaries on Wednesday, the PM suggested government departments should adopt the system of self-attestation of certificates, photographs and marksheets, instead of asking for attested documents or filing of affidavits. He also told officials all government application forms

ASB of ICAI requires fresh CAs

Fresh and Experienced CAs interested in joining ASB of ICAI may send their CV
/ Resume / Profile to manish.iyer@icai.in

Important MCA Update:MCA has released General Circular 14/2014 dated June 09, 2014:Matters relating to appointment and qualification of directors and Independent Directors reg.: clarification on Rules prescribed

MCA has released General Circular 14/2014 dated June 09, 2014.

It is a clarification on Rules prescribed under Companies Act, 2013 -
Matters relating to appointment and qualification of directors and
Independent Directors reg.

Clarifications have been given on the following matters :

1. Section 149(6)(c) : "pecuniary interest in certain transactions" - In
view of the provisions of Section 188 which take away transactions in the

IT:Recognition of ICAI publications by Supreme Court

CIT v Punjab Stainless Steel Industries 364 ITR 144 (SC)

The court observed "there is no reason not to accept the meaning of the
term "turnover" given by a body of accountants, having statutory
recognition"

Threshold limits for appointment of Whole Time CS restored to 5 cr including for private companies

MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 9th June, 2014

G.S.R. 390(E).—In exercise of the powers conferred by sub-section (1) of Section 203 of the Companies Act, 2013 (18 of 2013) read with clause (51) of Section 2 and Section 469 of the said Act, the Central Government hereby makes the following rules to amend the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, namely:—
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