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 Public Notice in the matter of wrong marketing of ICAI course by private colleges/educational institutes.
 Guidance Note on Audit of Consolidated Financial Statements (Revised 2016) issued by the Auditing and Assurance Standards Board
 Clarifications regarding exemptions in a paper(s) in CA Examinations
 Request to give suggestions on the Draft Rules and Regulations to the Insolvency and Bankruptcy Code, 2016 as issued by the Ministry of Corporate Affairs.
 Hosting of exemption(s) in a paper granted in Intermediate and Final examinations, valid for November 2016
 The Chartered Accountants’ Students Benevolent Fund (CASBF)
 Details of Roll Nos. and Exam Centres of PQC Exams-Nov. 2016
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 Request for improving of annual filing compliance by pursuing companies so as to help the Ministry of Corporate Affairs in achieving the targeted compliance.
 Zone-shifting of candidates for NOVEMBER - 2016 CA Exams
 CPE Events 10 October - 15 October 2016

Ease of Doing Business/Use of INC - 29 for Formation of Company.
August, 10th 2015

For ease of doing business, Ministry of Corporate Affairs has introduced a simplified Incorporation Form-INC-29. The form offers a number of advantages over traditional incorporation forms in terms of reduced number of procedures, time taken and the cost involved in getting approval. With this integrated single form, a company can be registered in India, get allotment of Director Identification Number, name availability, incorporation of company and commencement of business. This form can also generate PAN and TAN.

Instead of 8 different forms earlier, now with one single form, setting up of new business would be easier and convenient. 

The relevant notifications for these are available on the MCA website 

Further, the mandatory requirement of having a common seal has also been done away with the amendment in the Act vide Companies (Amendment) Act 2015 applicable from 29th May 2015. Therefore, the members are requested not to insist on such a non-mandatory requirement. If required, the members may advise the companies to amend the Articles of Association to do away with the requirement of having a common seal, if the company so desire. 

5th August, 2015

(V. Sagar)
Secretary, IC
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