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: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: TDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: cpt :: form 3cd
 
 
« General »
 Tax Department To Launch 2nd Phase Of Bank Accounts' Scrutiny Next Month
 How to claim tax benefit on tuition fees under Section 80C
 Online Income Tax grievance redressal facility launched at 60 offices
 Demonetisation impact on government tax revenue marginal; direct tax personal income grew at above budget estimates
 ICAI seeks more accountability, transparency in defence sector
 Will Budget help double farmers’ income?
 Verify online deposits made post demonetisation, income tax department asks taxpayers
 Union Budget 2017: Best budget is do not change anything, do no harm, implement well
 Why salaried class deserves standard deduction
 3 new taxes that Modi government could introduce, but won't
 Tax gains may showcase demonetisation windfall

Network functioning soon for company
August, 08th 2009

The Institute of Company Secretaries of India (ICSI) the apex body to regulate company secretaries would soon allow networks among company secretary (CS) firms by using collective resources like infrastructure, manpower, and location for execution of professional services of one or more types.

Both, CS firms and individuals practicing as company secretaries can make networks by pooling their resources to serve their clients. This type of inter se arrangement makes a lot of business sense, as the number of CS firms in the country is less; therefore, establishing networks in terms of resources would help in reaching out, said N K Jain, CEO and secretary of ICSI.

A network would need to be registered with ICSI and there would be a set of guidelines and code of conduct to be followed by such networks. The network only acts as a facilitator for its members/constituent member firms to perform their professional assignments.

The guidelines are being finalised by the Institute. However, for taxes, the firms would be assessed separately in the inter se arrangement. At present, there are about 3,200 practising CS in the country, while the number of CS firms is 1,430.

The other two professional bodies, the Institute of Chartered Accountants of India (ICAI) and the Institute of Cost and Works Accountants of India (ICWAI), which regulate the profession of chartered accountants and cost accountants, respectively, had made such network provisions available for their members earlier.

Its been four-five years since ICAI allowed networks among CA and CA firms. However, it hasnt been successful and hasnt really caught on, said an ICAI member. There are regulatory issues that need to be cleared, he added. Registering with ICAI is optional for CA networks.

Likewise, ICWAIs council had approved this kind of arrangement about three years earlier, but it is done at an individual level. It is a new concept and we are waiting for the limited liability partnership (LLP) model to be picked up, under which CAs, CS and cost accountants can create multidisciplinary firms, said Chandra Wadhwa, past president, ICWAI.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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