SIGN IN SUBSCRIBE

News Update

Requisite Checks for Appeals - RespondentInheritance Tax row - A golden opportunity to end 32-years long Policy Paralysis on DTCThe Heat is on: Preserving Earth's Climate in the Face of Global WarmingVAT - Timeline for frefund must be followed mandatorily while recovering dues under Delhi VAT Act: SCIndia, Australia to work closely for collaborative projectsCX - All the information was available to department in 2003 itself, therefore, SCN issued four years after gathering information is not sustainable and is highly barred by limitation: HCPowerful voices of amazing women leaders resonated at UN HqsCX - Clearance to sister concern for captive consumption - Department cannot compel assessee to perpetuate the illegality and in such circumstances the whole exercise was revenue neutral: HC75 International visitors from 23 countries arrive to watch world's largest elections unfoldCentre asks States to improve organ donation frequencyCus - Revenue involved in the appeal filed by Commissioner is far below the threshold monetary limit fixed by the CBEC, therefore, department cannot proceed with this appeal - Appeal stands disposed of: HCPM says NO to religion-based reservationCus - Export of non-basmati rice - Since the objective of Central Government in imposing ban with immediate effect was to avert a food crisis in the country, a strict compliance of exemption conditions would further the said intent of the Notification(s): HCAdani Port to develop port in PhilippinesCX - Appellant should not be left without an opportunity to put-forth his case on merits, particularly, when matter was decided during period of Covid-19 pandemic and also appellant contends that no opportunity of virtual hearing was granted by adjudicating authority: HCKiller floods - 228 killed in Kenya + 78 in BrazilI-T - Grant of registration u/s 12A can't be denied by invoking Sec 13(1)(b), as provisions of section 13 would be attracted only at time of assessment and not at time of grant of registration: ITATFlight cancellation case: Qantas accepts USD 66 mn penaltyI-T- Joint ownership in two residential properties at the time of sale of the original asset does not disentitle the assessee to claim of deduction under section 54F of the Act: ITATIsrael shuts down Al Jazeera; seizes broadcast equipmentI-T - If assessee was prevented from production of evidences because of its non-availability or delay in its retrieval coupled with ongoing several reassessment, assessee should be allowed to adduce additional evidence: ITATIndia to wait for Canadian Police inputs on arrest of men accused of killing Sikh separatist: JaishankarI-T- If assessee is otherwise found eligible, CIT(E) should grant provisional approval to assessee under Clause (iii) to First Proviso to section 80G(5): ITATLabour Party candidate Sadiq Khan wins record third term as London MayorI-T - Donation made to trust which is otherwise not approved during relevant period as per CBDT Circular, is not eligible for deduction u/s 35(1): ITATGovt scraps ban on export of onionI-T- Assessee could have filed application in Form No.10AB on or before 30.09.2022, which assessee failed to do : ITATUS Nurse convicted of killing 17 patients - 700 yrs of jail-term awardedI-T- AO erred in making addition for completed/non abated assessment as no incriminating material found during course of search :ITAT
Untitled Document

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)

GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
NEW DELHI

Dated: September 18, 2014

NOTIFICATION

S.O. (E).- In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes an Advisory Committee to be called the National Advisory Committee on Accounting Standards, consisting of the following persons to advise the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by companies or class of companies under the said Act, namely:-

S.No Name and Designation Post Held
(1) Shri Amarjit Chopra, Chartered Accountant Chairperson, [Nominated under clause (a) of sub-section (2) of section 210A]
(2) Dr. A.S. Durga Prasad, President, Nominee of The Institute of Cost and Works Accountants of India Member, [nominated under clause (b) of sub-section (2) of section 210A]
(3) Shri R. Sridharan, President, Nominee of The Institute of Company Secretaries of India Member, [nominated under clause (b) of sub-section (2) 210A]
(4) CA. K. Raghu President, Nominee of The Institute of Chartered Accountants of India Member, [nominated under clause (b) of sub-section (2) 210A]
(5) Joint Secretary, Ministry of Corporate Affairs. Member, [nominated under clause (c) of sub-section (2) 210A]
(6) Shri Sudarshan Sen, Chief General Manager-in-Charge, Nominee of Reserve Bank of India Member, [nominated under clause (d) of sub-section (2) 210A]
(7) Shri P Sesh Kumar, Director General (Commercial), Nominee of Comptroller and Auditor General of India Member, [nominated under clause (c) of sub-section (2) 210A]
(8) Prof. I.M Pandey, Ex-faculty, Indian Institute of Management, Ahmedabad Member, [nominated under clause (f) of sub-section (2) 210A]
(9) Joint Secretary, Tax Policy Law-II, Nominee of Central Board of Direct Taxes. Member, [nominated under clause (g) of sub-section (2) 210A]
(10) Shri Rostow Ravanan, Nominee of Confederation of Indian Industry. Member, [nominated under clause (h) of sub-section (2) 210A]
(11) Shri Adesh Gupta, Nominee of Federation of Indian Chambers of Commerce and Industry Member, [nominated under clause (h) of sub-section (2) 210A]
(12) Dr. Ashok Haldia, Nominee of Associated Chambers of Commerce and Industry of India Member, [nominated under clause (h) of sub-section (2) 210A]
(13) Shri S. Ravindran, Executive Director, Nominee of Securities Exchange Board of India. Member, [nominated under clause (i) of sub-section (2) 210A]

2. The Chairperson and members shall hold office for a period of one year from the date of publication of this notification in the Official Gazette or till the constitution of National Financial Reporting Authority under section 132 of the Companies Act, 2013, (18 of 2013) whichever is earlier.

3. This notification shall come into force on 18th September, 2014.

[F.No.1/5/2004-CL.V (Part V)]

(Amardeep Singh Bhatia)
Joint Secretary to the Govt. of India

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST