Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: empanelment :: list of goods taxed at 4%
 
 
ICAI »
 Summary of MCA Notification dated 13.06.2017 to give further exemptions private companies as per Section 462 of the Companies Act 2013
 Exemption to Private Companies u/s 462 of The Companies Act 2013 as per Ministry of Corporate Affairs Notifications Dated 5th June, 2015 and 13th June, 2017
 Four Weeks Residential Programme to be held from 31st July, 2017 to 27th August, 2017 at Centre of Excellence, Hyderabad for Men Participants only.
 Next batch of the Certificate Course on Valuation at Bangalore from 15th July, 2017.
 CPE Events 19th June - 24th June 2017
 Post-implementation Review - IFRS 13 Fair Value Measurement
 Disclosure Initiative - Principles of Disclosure
 Volume XXXV of the Compendium of Opinions
  Permitting members to act as Insolvency Professional under the Insolvency and Bankruptcy Code, 2016 and related matters.
 Permitting members to act as Insolvency Professional under the Insolvency and Bankruptcy Code, 2016 and related matters.
 Change of venue in respect of some of the candidates at Jaipur, for Common Proficiency Test (CPT) scheduled to be held on 18th June, 2017

ICAI seeks information on companies being probed for fraud schemes
June, 03rd 2013

To ascertain whether there have been any auditing lapses, accounting watchdog ICAI has sought information from Serious Fraud Investigation Office on more than 50 companies that are being probed for duping investors through fraudulent money pooling schemes.

In the wake of Saradha scam in West Bengal, a special task force of the SFIO has started investigations into the affairs of over 50 companies, including 14 entities of Kolkata-based Saradha group.

The Institute of Chartered Accountants of India (ICAI) is looking into the issue of Saradha group companies and others that are alleged to have defrauded investors through ponzi schemes.

"We have written to the SFIO since it is already investigating over 50 companies. So we have asked them to share the details with us and as soon as we get the details, definitely we will look into it," ICAI President Subodh Kumar Agrawal told PTI.

According to him, the institute seeks information on whatever is related to chartered accountant and companies' financial statements.

"Basically, we look into the financial statements and only from the financial statements we can make out the role of auditors," he noted.

The government ordered the SFIO probe in April following the multi-crore Saradha scam.

SFIO has been asked to investigate the affairs of four business groups, including Saradha, which have "raised huge sums of money from the public at large".

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions