PCE Exams
Group-I: 4th , 6th & 8th May-2010
Group-II: 10th , 12th & 14th May-2010
(Afternoon Session – 2.00 p.m. to 5.00 p.m.) (IST)
IPCC
Group-I: 4th , 8th ,10th & 12th May ,2010
Group-II: 6th, 14th & 16th May,2010
(Afternoon Session – 2.00 p.m. to 5.00 p.m.) (IST)
FINAL (EXISTING AND NEW COURSE) EXAMINATIONS
Group -I: 3rd , 5th,7th & 9th May,2010
Group -II: 11th, 13th , 15th & 17th May ,2010
(Afternoon Session – 2.00 p.m. to 5.00 p.m.) (IST)
Highlights
Application form will also be available in the Regional and Branch Offices of the Institute from 5th Feb,2010.
Duly filled in may be sent so as to reach the Additional Secretary (Examinations) at New Delhi
by 26th February,2010 or
by 5th MARCH,2010 with late fee of Rs. 500/-
Online application form online at http://icaiexam.icai.org/ can be filled from 5th FEBRUARY,2010 to 5th MARCH,2010 and remit the fee online by using credit card, either VISA or Master Card.
Notificatin Link : http://www.icai.org/resource_file/17901NOTIFICATION__MAY-2010_Final.pdf
Wednesday, January 27, 2010
CPT Exams - June 2010
Common Proficiency Test ( Paper- Pencil Mode) will be held on Sunday, the 20th JUNE 2010 in two
sessions :
1) 10.30 AM to 12.30 PM (IST)
Section - A Fundamentals of Accounting
Section - B Mercantile Laws
2) 2.00 PM to 4.00 PM (IST)
Section - C General Economics
Section - D Quantitative Aptitude
Highlights
Application form will also be available in the Regional and Branch Offices of the Institute from 6th April,2010.
Duly filled in may be sent so as to reach the Additional Secretary (Examinations) at New Delhi by 27th April,2010
Online application form online at http://icaiexam.icai.org/ can be filled from 6th April,2010 ( 10:00 hrs) to 27th April,2010 ( 17:30hrs) and remit the fee online by using credit card, either VISA or Master Card.
Notification Link : http://www.icai.org/resource_file/17902CPT__June-2010_Notification_final.pdf
Wednesday, January 20, 2010
Requirement to include the registration number of the firm as allotted by ICAI, in the audit reports signed by members
ANNOUNCEMENT FOR THE ATTENTION OF THE MEMBERS (19-01-2010)
The Council of the Institute of Chartered Accountants of India (ICAI), at its 292nd meeting held on January 13, 2010 has decided to require the members of the Institute of Chartered Accountants of India to:
Include, in addition to the other requirements relating to signature on the audit report, as prescribed under the relevant Standard on Auditing, the registration number of the firm as allotted by ICAI, in the audit reports signed by them ; and
Ensure that the resolution passed by the company regarding appointment of the statutory auditor of the company under section 224 of the Companies Act, 1956, also contain the registration number of the firm of the auditor(s) with the ICAI.
Source Link : http://www.icai.org/post.html?post_id=5382&c_id=219
The Council of the Institute of Chartered Accountants of India (ICAI), at its 292nd meeting held on January 13, 2010 has decided to require the members of the Institute of Chartered Accountants of India to:
Include, in addition to the other requirements relating to signature on the audit report, as prescribed under the relevant Standard on Auditing, the registration number of the firm as allotted by ICAI, in the audit reports signed by them ; and
Ensure that the resolution passed by the company regarding appointment of the statutory auditor of the company under section 224 of the Companies Act, 1956, also contain the registration number of the firm of the auditor(s) with the ICAI.
Source Link : http://www.icai.org/post.html?post_id=5382&c_id=219
Monday, January 11, 2010
Circular by RBI on KYC Norms - to remove hardship to public
RBI / 2007- 08 / 239
DBOD.AML.BC. No.63/ 14.01.001 / 2007- 08
February 18, 2008
All Scheduled Commercial Banks/FIs (Excluding RRBs)
Dear Sir,
Know Your Customer (KYC) Norms / Anti-Money Laundering (AML)
Standards / Combating of Financing of Terrorism (CFT)
Banks have been advised vide our circular DBOD.NO.AML.BC.58/14.01.001 /2004-05 dated November 29, 2004 that the adoption of customer acceptance policy and its implementation should not result in denial of banking services to general public, especially to those, who are financially or socially disadvantaged. It was also clarified to the banks that a risk based approach has been followed in the KYC guidelines issued by Reserve Bank to avoid disproportionate cost to banks and a burdensome regime for the customers. Banks were accordingly advised that customer identification means identifying the customer and verifying his/her identity by using reliable, independent source documents, data or information to their satisfaction.
2. It was further clarified to banks that 'being satisfied' means that the bank must be able to satisfy the competent authorities that due diligence was observed based on the risk profile of the customer in compliance with the extant guidelines in place. An indicative list of the nature and type of documents/ information that may be relied upon for customer identification was also given in the Annex-II to the aforesaid circular. It has been brought to our notice that Annex-II, which was clearly termed as an indicative list, is being treated by some banks as an exhaustive list as a result of which a section of public is being denied access to banking services. Banks are, therefore, advised to take a review of their extant internal instructions in this regard.
3. It is clarified that permanent correct address, as referred to in Annex-II of our said circular, means the address at which a person usually resides and can be taken as the address as mentioned in a utility bill or any other document accepted by the bank for verification of the address of the customer. It has been observed that some close relatives, e.g. wife, son, daughter and parents etc. who live with their husband, father/mother and son, as the case may be, are finding it difficult to open account in some banks as the utility bills required for address verification are not in their name. It is clarified, that in such cases, banks can obtain an identity document and a utility bill of the relative with whom the prospective customer is living along with a declaration from the relative that the said person (prospective customer) wanting to open an account is a relative and is staying with him/her. Banks can use any supplementary evidence such as a letter received through post for further verification of the address. While issuing operational instructions to the branches on the subject, banks should keep in mind the spirit of instructions issued by the Reserve Bank and avoid undue hardships to individuals who are, otherwise, classified as low risk customers.
4. The instructions contained in paragraph 4 of the circular dated November 29, 2004, also require banks to put in place a system of periodical review of risk categorisation of accounts and the need for applying enhanced due diligence measures in case of higher risk perception on a customer. Banks are further advised that such review of risk categorisation of customers should be carried out at a periodicity of not less than once in six months. Banks should also introduce a system of periodical updation of customer identification data (including photograph/s) after the account is opened. The periodicity of such updation should not be less than once in five years in case of low risk category customers and not less than once in two years in case of high and medium risk categories.
5. Banks have been further advised, vide paragraph 9 of our circular dated November 29, 2004, that KYC/AML guidelines issued by Reserve Bank of India shall also apply to their branches and majority owned subsidiaries located outside India, especially, in countries which do not or insufficiently apply the FATF Recommendations, to the extent local laws permit. It is further clarified that in case there is a variance in KYC/AML standards prescribed by the Reserve Bank and the host country regulators, branches/overseas subsidiaries of banks are required to adopt the more stringent regulation of the two.
6. Combating financing of terrorism
a) In terms of PMLA......................
8. These guidelines are issued under Section 35A of the Banking Regulation Act, 1949 and any contravention thereof may attract penalties under the relevant provisions of the Act.
Yours faithfully,
( Vinay Baijal )
Chief General Manager
PAN requirement for transmission of shares in physical form
Circular No. SEBI/MRD/DoP/SE/RTA/Cir-03/2010, dated 7-1-2010
1. The Securities and Exchange Board of India (SEBI) vide circular ref. no. MRD/DoP/Cir-05/2007 dated April 27, 2007 made PAN mandatory for all securities market transactions. Thereafter, vide circular no. MRD/DoP/ Cir-05/2009 dated May 20, 2009 it was clarified that for securities market transactions and off-market/ private transactions involving transfer of shares in physical form of listed companies, it shall be mandatory for the transferee(s) to furnish copy of PAN card to the Company/ RTAs for registration of such transfer of shares.
2. Based on representations/ clarifications sought by market participants and in continuation to the aforesaid circulars, it is hereby clarified that it shall be mandatory to furnish a copy of PAN in the following cases –
2.1. Deletion of name of the deceased shareholder(s), where the shares are held in the name of two or more shareholders.
2.2. Transmission of shares to the legal heir(s), where deceased shareholder was the sole holder of shares.
2.3. Transposition of shares – when there is a change in the order of names in which physical shares are held jointly in the names of two or more shareholders.
3. Incase of mismatch in PAN card details as well as difference in maiden name and current name (in case of married women) of the investors -
3.1. The RTAs can collect the PAN card as submitted by the transferee(s). However, this would be subject to the RTAs verifying the veracity of the claim of such transferee(s) by collecting sufficient documentary evidence in support of the identity of the transferee(s) as provided for at para. 2 in the SEBI circular no. MRD/DoP/Dep/Cir-29/2004 dated August 24, 2004 read with SEBI circular no. MRD/DoP/Cir-08/2007 dated June 25, 2007.
4. All Stock Exchanges are advised to:-
4.1. implement the above by making necessary amendments to the byelaws and Listing Agreement, as applicable;
4.2. bring the provisions of this circular to the notice of the listed companies for necessary compliance and also to put the same on their website for easy access to the investors; and
4.3. communicate to SEBI the status of the implementation of the provisions of this circular and the action taken in this regard in the Monthly Development Report.
5. All Registrars to an Issue and Share Transfer Agents are advised to:-
5.1. take necessary steps to implement the above decision.
5.2. disseminate the provisions of this circular on their website.
6. This circular is issued in exercise of powers conferred under section 11(1) of the Securities and Exchange Board of India Act, 1992, read with section 55A of Companies Act to protect interests of investors in securities and to promote the development of, and to regulate the securities market.
Exam results - November 2009(Final) & December 2009(CPT)
Results of the Chartered Accountants Final and Final (New Course) Examinations held in November, 2009 and Common Proficiency Test (CPT) held in December, 2009 are likely to be declared on Sunday, the 17th January, 2010 around 2:00 PM - (08-01-2010)
-------------------------------------------------------------------------------
January 7, 2010
The results of the Chartered Accountants Final and Final (New Course) Examinations held in November, 2009 and Common Proficiency Test (CPT) held in December, 2009 are likely to be declared on Sunday, the 17th January, 2010 around 2:00 PM and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank in the case of Final Examination and candidates securing a minimum of 60% and above marks and upto the maximum of 10th Rank in the case of Common Proficiency Test) on all India basis will be available on the following website:
Arrangements have also been made for the students of Final, Final (New Course) Examinations and Common Proficiency Test (CPT) desirous of having results on their e-mail addresses to register their requests at the above website, i.e., http://www.caresults.nic.in from 11th January, 2010. All those registering their requests will be provided their results through e-mail on the e-mail addresses registered as above immediately after the declaration of the result.
Further facilities have been made for students of Final, Final (New Course) Examinations and Common Proficiency Test (CPT) held in November/December, 2009 desirous of knowing their results with marks on SMS. The service will be available through MTNL, India Times and Reliance.
For getting results through the message students should type:
i) for Final Examination result the following
CAFNL(space)XXXXX (Where XXXXX is the five digit Final examination roll number of the candidate)
e.g. CAFNL 00028
ii) for Final (New Course) Examination result the following
CAFNLNW(space)XXXXX (Where XXXXX is the five digit Final (New Course) examination roll number of the candidate)
iii) for Common Proficiency Test result the following
CACPT(Space)XXXXXX (Where XXXXXX is the six digit Common Proficiency Test roll number of the candidate
e.g. CACPT 000171
and send the message to:
52001 - for DOLPHIN AND TRUMP users only
58888 - for all mobile services - India Times
51234] - for Reliance subscribers (Also accessible through R-World and Voice Portal – To call 51234815 from Reliance Mobiles)
(G. SOMASEKHAR)
ADDITIONAL SECRETARY (EXAMS.)
Source Link :
Breach of Regulation 65 & 78 – Non submission of Form 112 - (08-01-2010)
In partial modification of the guidelines as contained in the Announcement dated 14th September 2009, it is hereby notified for the information of all concerned that the Council, in its 291st meeting held on 16th and 17th December 2009, has decided that delay in submission of Form 112 for having done additional / other course alongwith articleship through correspondence mode of study/private student (where there was no requirement of attending any classes at all)/early morning classes/evening classes (with no clash/overlapping between office and teaching hours) be condoned by taking a liberal view of the lapse on the part of the students concerned and membership be granted, as an amnesty measure for all such requests already received or to be received upto 31st March 2010.
However, for additional/other course pursued during day time classes along with articleship, two or more courses at a time alongwith articleship and / or where there is overlapping between working and teaching hours, the Council decided that each such case will be individually considered by the Executive Committee in the light of its decision taken at its 486th meeting held on 21st August 2009 and delay may be condoned and membership may be granted by imposing certain condition(s), as it may deem fit, to be fulfilled by the students concerned before enrollment as a member.
It is notified that wherever any statement made by a student or member is found to be false or varying with the facts discovered during the scrutiny process or later at any stage, the student and/ or member concerned will be liable to be proceeded with in accordance with the Chartered Accountants Act, 1949 and Regulations/Rules framed thereunder.
It was further decided that the student / articled assistants who have not yet taken permission for pursuing a course of study – whether academic or professional – alongwith articleship are advised, in their own interest, to submit Form 112 (can be downloaded from www.icai.org) so as to reach the concerned regional office of the Institute at Mumbai, Chennai, Kolkata, Kanpur or New Delhi, as the case may be, on or before 31st March 2010.
No request for condonation of breach of Regulation 65 & 78 for delay in submission of Form 112 will be considered effective from 1st April 2010.
Joint Secretary (MSS)
05th January, 2010
Thursday, January 7, 2010
Notification of Declaration of Results of Regional Councils
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI
[To be published in Part III Section 4 of the Gazette of India, Extra-Ordinary dated 6th January, 2010]
No.54-EL(1)/20/2010 6th January, 2010
NOTIFICATION (Chartered Accountants)
No.54-EL(1)/20/2010: In pursuance of provisions of Regulation 134(10) of the Chartered Accountants Regulations, 1988 read with Rule 36 of the Chartered Accountants (Election to the Council) Rules, 2006, the Council of the Institute of Chartered Accountants of India is pleased to notify for general information the names (in alphabetical order), membership numbers and places of the members, who have been elected to the Twentieth Regional
Councils of the Institute as given below :
[To be published in Part III Section 4 of the Gazette of India, Extra-Ordinary dated 6th January, 2010]
No.54-EL(1)/20/2010 6th January, 2010
NOTIFICATION (Chartered Accountants)
No.54-EL(1)/20/2010: In pursuance of provisions of Regulation 134(10) of the Chartered Accountants Regulations, 1988 read with Rule 36 of the Chartered Accountants (Election to the Council) Rules, 2006, the Council of the Institute of Chartered Accountants of India is pleased to notify for general information the names (in alphabetical order), membership numbers and places of the members, who have been elected to the Twentieth Regional
Councils of the Institute as given below :
| SIRC | ||
| Name | Place | |
| 1 | CA. Aruloli P.R. FCA | Chennai |
| 2 | CA. Babu Abraham FCA | Kochi |
| 3 | CA. Gopal Krishna Raju FCA | Chennai |
| 4 | CA. Jose V.X. FCA | Kochi |
| 5 | CA. Murali S. ACA | Coimbatore |
| 6 | CA. Naresh Chandra Gelli V. FCA | Hyderabad |
| 7 | CA. Phalguna Kumar E. FCA | Tirupati |
| 8 | CA. Prasanna Kumar D. FCA | Visakhapatnam |
| 9 | CA. Rajarajeswaran P.V. FCA | Madurai |
| 10 | CA. Satyanarayana G.V.V. FCA | Vijayawada |
| 11 | CA. Shanmukha Sundaram K. FCA | Coimbatore |
| 12 | CA. Srinivas C.S. FCA | Bangalore |
| 13 | CA. Sumermal D. Ostawal FCA | Hubli |
| 14 | CA. Suresh P.R. FCA | Bangalore |
| 15 | CA. Viswanath K. FCA | Bangalore |
| WIRC | ||
| Name | Place | |
| 1 | CA.Agarwal Vishnu Kumar FCA | Mumbai |
| 2 | CA.Apte Dilip Moreshwar ACA | Pune |
| 3 | CA.Bhandari Anil Satyanarayan FCA | Mumbai |
| 4 | CA.Chhaira Jay Ajit FCA | Surat |
| 5 | CA.Gandhi Dinesh Balkrishna FCA | Pune |
| 6 | CA.Hegde Nandkishore Chidamber FCA | Mumbai |
| 7 | CA.Jain Ashok Chand FCA | Mumbai |
| 8 | CA.Joshi Makarand Madhusudhan FCA | Nagpur |
| 9 | CA.Joshi Shriniwas Yeshwant FCA | Mumbai |
| 10 | CA.Kabra Durgesh Kumar FCA | Mumbai |
| 11 | CA.Khandelwal Dhiraj Kumar FCA | Mumbai |
| 12 | CA.Kinare Mangesh Pandurang FCA | Mumbai |
| 13 | CA.Lalan Sanjeev Dungarshi FCA | Mumbai |
| 14 | CA.Majithia Neel Pankaj ACA | Mumbai |
| 15 | CA.Patel Bhailalbhai Kanjibhai FCA | Ahmedabad |
| 16 | CA.Patodia Sunil Kumar FCA | Mumbai |
| 17 | CA.Pawar Chandrakant Vasant FCA | Nashik |
| 18 | CA.Raval Parag Rajnikant FCA | Ahmedabad |
| 19 | CA.Shah Julfesh Madhusudan FCA | Nagpur |
| 20 | CA.Shah Rajesh Navnitlal FCA | Vadodara |
| 21 | CA.Shah Shardul Dilip FCA | Mumbai |
| 22 | CA.Shah Shruti Jayesh(Ms.) FCA | Mumbai |
| EIRC | ||
| Name | Place | |
| 1 | CA. Agarwal Ranjeet Kumar FCA | Kolkata |
| 2 | CA. Bhattacharyya Krishanu FCA | Uttarpara Distt. Hooghly |
| 3 | CA. Bhattacharyya Prasun Kumar FCA | Kolkata |
| 4 | CA. Goyal Sushil Kumar FCA | Kolkata |
| 5 | CA. Rungta Pramod Dayal FCA | Kolkata |
| 6 | CA. Saraf Subhash Chandra FCA | Kolkata |
| CIRC | ||
| Name | Place | |
| 1 | CA. Agrawal Manu FCA | Kanpur |
| 2 | CA. Garg Umesh Kumar FCA | Agra |
| 3 | CA. Golechha Ankush FCA | Raipur |
| 4 | CA. Khanna Vivek FCA | Kanpur |
| 5 | CA. Kushwah Mukesh Singh FCA | Ghaziabad |
| 6 | CA. Maheshwari Om Prakash FCA | Jodhpur |
| 7 | CA. Parashar Pawan FCA | Jaipur |
| 8 | CA. Soni Kemisha (Ms.) FCA | Indore |
| 9 | CA. Vyas Nitin FCA | Jaipur |
| NIRC | ||
| Name | Place | |
| 1 | CA. Agrawal Deen Dayal FCA | New Delhi |
| 2 | CA. Agrawal Durga Das FCA | Delhi |
| 3 | CA. Agrawal Sanjay Kumar ACA | New Delhi |
| 4 | CA. Chugh Hans Raj FCA | New Delhi |
| 5 | CA. Garg Vishal FCA | Ludhiana |
| 6 | CA. Goel Rajiv FCA | Delhi |
| 7 | CA. Gupta Atul Kumar FCA | Delhi |
| 8 | CA. Kedia Gopal Kumar FCA | Delhi |
| 9 | CA. Khetrapal Rashmi (Ms.) FCA | Gurgaon |
| 10 | CA. Maheshwari Pramod Kumar FCA | New Delhi |
| 11 | CA. Mittal Mohan Lal FCA | New Delhi |
| 12 | CA. Sharma Rajesh FCA | Delhi |
(T. Karthikeyan)
Returning Officer and Secretary
Returning Officer and Secretary
ANNOUNCEMENT REGARDING NOTIFICATION OF THE DECLARATION OF RESULTS OF ELECTION TO THE COUNCIL AND REGIONAL COUNCILS
6th January, 2010
The Notification of the declaration of results under Rule 36 of the Chartered Accountants (Election to the Council) Rules, 2006 was to be published in the Gazette of India dated 6th January, 2010. While the Notification on the declaration of results of election to the 20th Regional Councils is being notified in the Gazette of India dated 6th January, 2010, however, the notification on the declaration of results in respect of election to the 21st Council is withheld arising out of the Stay granted by the Honourable High Court of Judicature for Rajasthan, Jaipur Bench, Jaipur vide its Orders dated 5.1.2010 in Civil Writ Petitions Nos. 157/2010 and 158/2010.
Please wait for the further Announcement in respect of the Notification on declaration of the results of election to the 21st Council.
(T. Karthikeyan)
Returning Officer & Secretary
Source Link: http://www.icai.org/post.html?post_id=5323
The Notification of the declaration of results under Rule 36 of the Chartered Accountants (Election to the Council) Rules, 2006 was to be published in the Gazette of India dated 6th January, 2010. While the Notification on the declaration of results of election to the 20th Regional Councils is being notified in the Gazette of India dated 6th January, 2010, however, the notification on the declaration of results in respect of election to the 21st Council is withheld arising out of the Stay granted by the Honourable High Court of Judicature for Rajasthan, Jaipur Bench, Jaipur vide its Orders dated 5.1.2010 in Civil Writ Petitions Nos. 157/2010 and 158/2010.
Please wait for the further Announcement in respect of the Notification on declaration of the results of election to the 21st Council.
(T. Karthikeyan)
Returning Officer & Secretary
Source Link: http://www.icai.org/post.html?post_id=5323
Friday, January 1, 2010
Empanelment of Chartered Accountant firms for the year 2010-2011 - CAG
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA
10, BAHADUR SHAH ZAFAR MARG, NEW DELHI 110124
Empanelment of Chartered Accountant firms for the year 2010-2011
Applications are invited online from the firms of Chartered Accountants who intend to be empanelled with this office for the year 2010-2011 for appointment as auditors of Government Companies/Corporations.
The format of application along-with detailed instructions regarding the documents to be furnished will be available on our website: http://www.cag.gov.in/ from 1st January to 15th February 2010.
The last date for the receipt of specified documents in this office is 10th March 2010.
Only the firms who apply online and send the specified documents to this office by the due dates will be considered for empanelment.
Sd/-
(K P Sasidharan)
Director General (Commercial)
Login Link: http://cagofindia.delhi.nic.in/cav2010/
10, BAHADUR SHAH ZAFAR MARG, NEW DELHI 110124
Empanelment of Chartered Accountant firms for the year 2010-2011
Applications are invited online from the firms of Chartered Accountants who intend to be empanelled with this office for the year 2010-2011 for appointment as auditors of Government Companies/Corporations.
The format of application along-with detailed instructions regarding the documents to be furnished will be available on our website: http://www.cag.gov.in/ from 1st January to 15th February 2010.
The last date for the receipt of specified documents in this office is 10th March 2010.
Only the firms who apply online and send the specified documents to this office by the due dates will be considered for empanelment.
Sd/-
(K P Sasidharan)
Director General (Commercial)
Login Link: http://cagofindia.delhi.nic.in/cav2010/
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