CA NeWs Beta*: January 2015

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Friday, January 30, 2015

Vacancy for CA/ICWA in Amazon India

  • 8 to 13 yrs
  • As per Industry Standards
  • Bengaluru/ Bangalore
  • Accounts Receivable CA ICWA financial

IT : Disallowance under section 14A for assessment year 2007-08 has to be worked out on some reasonable basis, without resorting to rule 8D

IT : Disallowance under section 14A for assessment year 2007-08 has to be worked out on some reasonable basis, without resorting to rule 8D
IT : Expenditure incurred for software development and consulting charges is

If RBI inspectors identify fraud in limited time,why banks' auditors not?:RBI Comments on Bank Auditors

If RBI inspectors identify fraud in limited time,why banks' auditors not?:RBI Comments on Bank Auditors

Pointing to the gaps in the auditors' work, the Reserve Bank of India (RBI) has asked banks to adopt a more stringent auditing process to ensure that review of financial results and identification of fraud is done more promptly.

RBI Deputy Governor S S Mundra said there is a greater need to take a closer look into the asset quality, instances of restructuring of advances, provisioning held, etc. to ensure that there was no

ICAI doubles stipend payable to CA students

ICAI doubles stipend payable to CA students


Final Notification – Amendment in Regulations 28E, 48 (stipend to articled assistants) and 204 of the

Opening for CA

Need a qualified CA with the following requirements:
Post Qualification Experience: 3-5 Years

Requirement of Fresh CA

We have requirement of fresh CA for our firm based in Noida. Please contact below mentioned person for  interview Schedules.

Contact Person :Sharad Sahu

Vacancy for CA in RBS

  • Accounting/Tax/Company Secretary/Audit,Finance
  • Banking
  • Audit & Risk,Back Office

Final Notification - Amendment in Regulations 28E, 48 (stipend to articled assistants) and 204 of the Chartered Accountants Regulations, 1988. - (23-01-2015)

Thursday, January 29, 2015

Vacancy for CA/ICWA in Indraprastha Power Generation Compnay Limited

Indraprastha Power Generation Compnay Limited (IPGCL) & Pragath Power Corporation Limited invited applicants for recruitment to 06 Managerial posts. The candidates eligible for the post can apply through prescribed format before 15 February 2015.
Important Dates
Last date for receipt of applications: 15 Feburary 2015
Details of Post
  • DGM (Finance): 01
  • DGM (HR): 01
  • Manager (Finance): 03 (Deputation) and 01 (Direct Recruitment)

Vacancy for CA/ICWA-Inter in Balmer Lawrie and Company Limited

Junior Officer (A&F)

Balmer Lawrie and Company Limited

Address: Core 8, Ground Floor, Scope Complex, 7, Lodhi Road, New Delhi
Postal Code: 110003
City: New Delhi
State: Delhi
Pay Scale: Rs.9000-22000
Educational Requirements: B.Com (Minimum), B.Com with CA/ICWA-Inter (Preferred)

Sunday, January 25, 2015

Vacancy for CA/Inter CA in KPMG


Associate Director - Internal Audit Risk Consulting

kpmg india pvt ltd

  • 10 to 15 yrs
  • As per Industry Standards

PROCESS TO RAISE CAPITAL FOR UNLISTED COMPANIES UNDER NEW COMPANIES ACT-2013

 PROCESS TO RAISE CAPITAL FOR UNLISTED COMPANIES UNDER NEW COMPANIES ACT-2013,  1. PROCEDURE FOR ALLOTMENT OF RIGHT ISSUE OF SHARES:  Call a Board meeting by issue notice of meeting. (Draft Format Attached)  Approve right issue including "lette...read more

Thursday, January 22, 2015

SPECIALLY FOR FIRST BOARD MEETING OF PRIVATE COMPANIES

SPECIALLY FOR FIRST BOARD MEETING OF PRIVATE COMPANIES GOYAL DIVESH & ASSOCIATES Series-1 Hello Professionals, As per New Company Law, gap between two board meetings can’t exceed 120 Days. If last board meeting of company was held on 31st March 2014 then next board meeting can be hel...read more

Now start using WhatsApp on your desktop in 5 easy steps

New Delhi: WhatsApp has finally rolled out what most of you may have been waiting for a long time - the ability to use WhatsApp on your desktop. Wondering how to bring the app to your computer? Not anymore. Our step-by-step tutorial here will guide you through the process of bringing

Sunday, January 11, 2015

Dal-Cheese Kofta Curry recipe



Dal-Cheese Kofta Curry
By Sify Bawarchi


Prep Time: 15 mins
Total Time: 35 mins
Makes/Yield: 4
Difficulty: Moderate

Ingredients
For the kofta:
  • 100 g - chana dal (soaked overnight)
  • 100 g - moong dal (soaked overnight)
  • 2-3 cubes - processed cheese
  • 2 - bread slices
  • Ajwain - 1/4 tsp
  • Cumin - 1/4 tsp
  • Coriander seeds 1/4 tsp
  • Black pepper powder, turmeric powder, asafoetida powder, chilli powder and salt to taste
  • Oil to fry
For the gravy:
  • 1 kg - tomatoes, ripe
  • 1 - onion
  • 3 - green chillies, slit
  • Cloves - a few
  • Black peppercorns - a few
  • Bay leaves
  • Cumin seeds
  • 1 - cardamom
  • Cashewnuts, almonds
  • 1/2 cup - yogurt (beaten well)
  • Garam masala, coriander powder, cumin powder
  • Salt to taste
  • Oil to fry


"Get a Better Butt" Treadmill Workout

In the Get Fit 2015 Challenge, it's time to combine some booty-toning hills with some calorie-torching cardio. Working the incline on the treadmill targets your hamstring and glutes! This calorie-torching workout combines bursts of running with quick hilly walking as you play with speed and

Now, Jet Airways Offers Sale on Next Year's Tickets

Jet Airways has joined other airlines in offering special fares on tickets for travel next year. Under '2015 Sale' Jet Airways is offering fares from Rs 2015 on economy class and Rs 7,999 on premiere class travel on domestic routes.
The bookings for this Jet Airways offer are open from December 25-31, 2014. And it is valid on

Thursday, January 8, 2015

Applicability of Managing Director/ Whole Time Director under Companies Act 2013

As per Provisions of sub section ‘1’ of Section 203 of Companies Act, 2013:
As per Provisions of Section 203 of Companies Act, 2013 read with Rule 8 Chapter XIII, Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:

Applicability of KEY MANAGERIAL PERSONNEL under Companies Act, 2013

As per Provisions of sub section ‘1’ of Section 203 of Companies Act, 2013:
As per Provisions of Section 203 of Companies Act, 2013 read with Rule 8 Chapter XIII, Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:

The following class of companies shall be required to Appoint Key Managerial Personnel, namely:-

Applicability of AUDITORS COMMITTEE under Companies Act 2014

As per Provisions of sub section ‘1’ of Section 177 of Companies Act, 2013:
As per Provisions of Section 177 of Companies Act, 2013 read with Rule 6 Chapter XII, Companies (Meetings of Board and its Powers) Rules, 2014:

Applicability of NOMINATION COMMITTEE under Companies Act 2013

As per Provisions of sub section ‘1’ of Section 177 of Companies Act, 2013:
As per Provisions of Section 177 of Companies Act, 2013 read with Rule 6 Chapter XII, Companies (Meetings of Board and its Powers) Rules, 2014:

Companies Act 2013 makes Appointment of Women Directors mandatory by certain companies

As per Provisions of sub section ‘1’ of Section 149 of Companies Act, 2013:
As per Provisions of Section 149 of Companies Act, 2013 read with Rule 3 Chapter XI, Companies (Appointment and Qualification of Directors) Rules, 2014:

Applicability of Vigil Mechanism under Companies Act 2013

As per Provisions of sub section ‘9’ of Section 177 of Companies Act, 2013:
As per Provisions of Section 177 of Companies Act, 2013 read with Rule 7 Chapter XII, Companies (Meetings of Board and its Powers) Rules, 2014:

Applicability of Special Resolution in case of Related Party Transaction under Companies Act 2013

As per Provisions of Section: 188 of Companies Act, 2013 read with Rule RULE -3, of Chapter Xii (Meetings Of Board And Its Power) Second Amendment Rules, 2014:
For entering Transactions with related parties mention below SR is required to be passed in GM:

Mercedes-Benz TV: World premiere of the Mercedes-Benz F 015 Luxury in Mo...

Tuesday, January 6, 2015

CBDT - Standard Operating Procedures (SOP) for Administering TDS


STANDARD OPERATING PROCEDURES (SOP) FOR ADMINISTERING TDS INCORPORATING THE RE-ENGINEERED PROCESSES DEVELOPED BY THE CPC-TDS

TDS is a non-obtrusive but powerful instrument to prevent tax evasion as well as to expand the tax net. TDS also minimizes tax avoidance by the taxpayer (income earners), as the payee’s transaction(s) are reported to the Department by the third person. The contribution of TDS to the

SUPREME COURT CLARIFIES: RECOVERY APPLICATION BY BANKS STAYED AGAINST SICK COMPANY


SUPREME COURT CLARIFIES: RECOVERY APPLICATION BY BANKS STAYED AGAINST SICK COMPANY


  • A three judge bench of the Supreme Court holds that the immunity under Section 22 of Sick Industrial Companies (Special Provisions) Act, 1985 would also extend to a recovery application

Extension of last date “for complying with the CPE hours requirement for the Calendar Year 2014”

FOR INFORMATION OF THE MEMBERS


Subject: Extension of last date “for complying with the CPE hours requirement for the Calendar Year 2014” - from 31st December, 2014 to 31st March, 2015

This is for kind information of the members that it has been decided to extend the last date for

Monday, January 5, 2015

Vacancy for CA in Deloitte

Function :
U.S. India Consulting

Service Area:
OPT
Work Location:
Bengaluru/Hyderabad

Required Skills: -
- Experience on PL/SQL, Reports, Interfaces, Conversions, Extensions, Forms and

Sunday, January 4, 2015

Vacancy for CA/CS in NABARD


NABARD Recruitment 2015 – 128 Manager & Asst Manager Posts: National Bank for Agriculture & Rural Development has issued notification for the recruitment of 128 Assistant Managers (Grade-A) & Managers (Grade-B) posts.
Vacancy Details:
Total Posts: 128
Name of the Posts:
1. Assistant Managers (Grade ‘A’ ) in RDBS: 100 Posts
2. Assistant Managers (Grade ‘A’ ) in Rajbhasha Service: 09 Posts

Why being Indian is good for your health


Get the Indian edge
Did you know that the Indian route to rock hard abs, bigger biceps and a healthier mind is one of the most effective in the world? We look back at some of our ancient workout practices that still make so much sense.
Workout like a wrestler
Hindu push-up: Certified fitness trainer Nupur Shikhare began his fitness journey at age 10 when he started playing competitive tennis. He was visibly excited when we asked him about the Hindu

Pineapple Pastries Recipe



Pineapple Pastries
By Sify Bawarchi


Total Time: 30 mins
Makes/Yield: 4
Difficulty: Moderate

Ingredients
  • 1 cup - flour.
  • 1 tsp - baking powder.
  • 4 eggs.
  • 3 tbsp - water.
  • 1/2 tsp - pineapple essence.
  • 1 tsp - butter for greasing the cake tin.
  • little flour for dusting the greased cake tin.
For the Icing:
  • 300 g - fresh cream.
  • 8 to 10 tbsp - icing sugar.
  • 1/2 tsp - pineapple essence.
  • 1 small tin pineapple slices.
  • few cherries for decoration.




Now a mobile app that pays you for downloading mobile apps

Now a mobile app that pays you for just using it. The app once downloaded on your mobile phone and opened shows various mobile applications alongwith the revenue in INR against each app that

Saturday, January 3, 2015

Vacancy for CA/CS in PWC

Requirement Associate - Merger & Acquisitions - 6067/[2014]
Location
Openings 6 Experience 0.00 to 2.00 years
Education NA
Skills Regular articleship plus knowledge of tax
Job Description
Job Profile :
PwC’s M&A Tax & Regulatory practice provides end-to-end solutions for different types of domestic and cross-border transactions including mergers, demergers, acquisitions, divestitures, joint ventures, corporate restructuring, inbound and outbound advisory, transaction and business model structuring, due diligence and family arrangements. The services consider a host of legislations and regulations including direct tax, indirect tax, stamp duty, corporate laws, exchange control regulations, accounting standards, etc.

The tasks, roles and responsibilities concerned with the job will include the following:
• End to end execution of client deliverables ensuring quality and timeliness

President nods to changes in Land Acquisition Act; allows acquisition of land for private hospitals/schools

How Listed Companies Launder Money

Watch the video at the end of the article to know how unaccounted money is converted into tax-free long term capital gains

The Securities and Exchange Board of India (SEBI) has set anti-money laundering guidelines to put in place stronger checks against possible laundering of funds through capital markets. Despite the regulations in place, SEBI recently sought help from various investigative agencies under the finance

Most TP Audit Report by CAs unreliable with pathetic professional work:ITAT

Most TP Audit Report by CAs unreliable with pathetic professional work

Wrigley India Pvt Ltd vs. ACIT (ITAT Delhi), I.T.A. Nos. 5648, 5649 and 5650/Del/12, Date of pronouncing the order : December 31, 2014.
It seems CAs are under attack from all parts of the world for good or not so good reasons. Recently CAG in its report Criticised CAs for alleged Mistakes in Tax Audit Report and signing of Tax Audit

SEBI has placed the Discussion Paper on Re-classification of Promoters as Public

SEBI has placed the Discussion Paper on Re-classification of Promoters as Public on its website for

MCA charts roadmap for implementation of new Accounting Standards



MCA charts roadmap for implementation of new Accounting Standards

MCA, Ministry of Corporate Affairs, IndAS, accounting standards, ICAI
The IndAS once applied will converge accounting procedures in India with the IFRS standards

The Ministry of Corporate Affairs (MCA) released a revised

Cost Audit Rules-Amended

MCA vide notification dated 31st December 2014 has made amendment in the Companies (cost records and audit) Rules, 2014 through Companies (Cost Records and Audit) Amendment Rules, 2014. The details of amendment is reproduced as below:-

CA Students youth festival

CA Students youth festival - UDAAN by WICASA on 04/01/2015 at Jasoda Rang
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