Update on RBI, Audit and Share Capital

  • May 29, 2019
  • CA Chandan Agarwal's Office
CA Chandan Agarwal

1) Reserve Bank of India extends timings for customer transactions through Real Time Gross Settlement (RTGS). Extends timings from 4:30 pm to 6:00 pm, effective from June 1.

2) File Audit report for F.Y. 15-16& 16-17 of trust etc: CBDT condones delay in filing of audit report by trust/institution for AYs 2016-17 & 2017-18 (Circular no. 10/2019, dated 22-05-2019)

3) PAS 6: Format for Reconciliation of Share Capital Audit for Unlisted Public Company has been notified in Form – PAS 6. Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019:http://www.mca.gov.in/Ministry/pdf/Rules_23052019.pdf

4) Valuation of equity shares issued at premium by Merchant Banker without evidence furnished as to suitability of DCF method for valuation is not acceptable:https://bit.ly/2HzsRrT

5) Individual insolvency: Relief from usury for the poor soon:https://bit.ly/2HzWMAo

6) ICAI book on Empanelment/ Professional Opportunities:
https://bit.ly/2M3hUU1

7) Empanelment of Concurrent and Stock Auditors for Indian Bank:
Hard copy to reach on or before 7th June 2019. Visit website of bank.

8) Webinar on DPT-3 & MSME FROM 1 :https://youtu.be/2D-fCQjRn6A

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