CA World: Week 4, August 2017

One could create excellence at CA through hard & smart work, continuous learning and love for what we do and want to achieve. Here come the freshly minted updates from CA World for the Week 4 of August. Hope this helps you achieve the excellence that you are working towards.

CA Related Updates
(21st – 27th August 2017)

1. National Company Law Appellate Tribunal (Amendment) Rules, 2017
Ministry of Corporate Affairs (MCA) amended the NCLAT Rules by way of a notification dated 23-August-2017.
Through the said amendment, MCA allowed the proceeding parties to either appear in person or authorise one or more chartered accountants or company secretaries or cost accountants or legal practitioners to present the case before the Appellate Tribunal.

You can read more about this here

2. Arrests in connection with investigation of affairs of company of Serious Fraud Investigation Office
Sub-sections (8), (9) and (10) of section 212 of the Companies Act, 2013 provide provisions for arrests in connection with investigation of affairs of company by Serious Fraud Investigation Office. MCA has appointed 24 August 2017 as the date on which these provisions will come into force. This notification will come into force on the date of its publication in the Official Gazette.

MCA has also issued Companies (Arrests in connection with Investigation by Serious Fraud Investigation Office) Rules, 2017. These Rules will come into force on the date of their publication in the Official Gazette.

You can read more about this here

3. Release of CA Final study material for three subjects
Institute of Chartered Accountants of India (ICAI) has released study material for select chapters for three subjects namely Financial Reporting, Strategic Financial Management and Advanced Auditing and Professional Ethics

You can read more about this here

4. Issue of notes of Rs. 200 denomination
Reserve Bank of India (RBI) introduced the Rs. 200 denomination notes on 25-August-2017 which is expected to facilitate exchange transactions for the common man.

You can read more about this here

5. News Updates – Nandan Nilekani returns to Infosys as the non-executive chairman of the Board
Mr. Nandan Nilekani, co-founder of Infosys returned as the Non-Executive Chairman of the Board after Mr. Vishal Sikka, CEO and Mr. Seshasayee, Chairman quit the company due to a tussle between the Board of Directors and Mr. Narayana Murthy.

You can read more about this here

We hope you had a happy learning. See you again next Monday.

Keep Rising and Keep Shining.

Project Veda

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