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 :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: VAT Audit :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: articles on VAT and GST in India :: empanelment :: ACCOUNTING STANDARD
 
 
« ICAI »
 Frequently Asked Questions on the Companies Act 2013
  Frequently Asked Questions on the Insolvency and Bankruptcy Code, 2016
 Change of venue in respect of some of the candidates of Intermediate (IPC) at Rajkot and Kolkata, for May 2017 exams
 Registrations open for Post Qualification Diploma in International Taxation - Chennai and Pune
 Swot analysis for the profession and Institute & actionables thereon and in process also identify and analyze the strategic alliances
 Request to provide/update PAN details to avoid blocking of e-filing account by the Income-tax Department
 Revised order amplifying the Terms of Reference of the High Level Committee by Govt to dispose off disciplinary cases.
 Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 5 (Revised)
 FAQ on treatment of Securities Premium Account under Ind AS on the date of transition.
 Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013 issued by the Auditing and Assurance Standards Board
 Next Batches for the Certificate Course on Cooperatives at Jamshedpur and Ranchi.

ICAI - Announcements - Definition of Relative in Chapter-IV of the Council General Guidelines, 2008
July, 30th 2011

ANNOUNCEMENT

No. ICAI/ESB//2011/02

All the members of the Institute of Chartered Accountants of India (ICAI) are hereby informed that in terms of its decision taken at the 299th Meeting of the Council held on 27th 28th October, 2010, it has been decided that the term relative for the purpose of Chapter-IV of Council General Guidelines, 2008 (Opinion on Financial Statements when there is substantial interest) will have the same meaning as assigned to it in AS-18.
 
Accordingly, the Chapter IV of the Council General Guidelines, 2008 as appended to the ICAI publication titled The Chartered Accountants Act, 1949 is modified and modified version shall read as under -


Chapter IV
Opinion on financial statements when there is substantial
interest


4.0 A member of the Institute shall not express his opinion on financial statements of any business or enterprise in which one or more persons who are his relatives within the meaning of Accounting Standard (AS - 18) has / have, either by themselves or in conjunction with such member, a substantial interest in the said business or enterprise.
 
Explanation: For this purpose and for the purpose of compliance of Clause (4) of Part I of the Second Schedule to the Chartered Accountants Act, 1949, the expression substantial interest shall have the same meaning as is assigned thereto under Appendix (9) to the Chartered Accountants Regulations, 1988.

This decision shall be in force with effect from 28th June, 2011

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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