Voices on Reporting : January 2017
Voices on Reporting : January 2017
In this month’s call, we covered key financial reporting and regulatory matters that are expected to be relevant for stakeholders for the quarter ended 31 December 2016.
Our call included updates from the Ministry of Corporate Affairs (MCA), the
Securities and Exchange Board of India (SEBI), the Institute of Chartered
Accountants of India (ICAI), the Reserve Bank of India (RBI), Central Board of Direct Taxes (CBDT), etc. Some of the recent emerging issues on which we provided an update on the call are as follows:
- Notification of provisions relating to merger, amalgamation, winding-up, etc. and transfer of proceedings to the National Company Law Tribunal
- Amendment to Schedule II of the Companies Act, 2013 by MCA in
relation to revenue based amortisation method for toll roads - SEBI approves stricter norms for compensation agreements and related amendment in the Listing Regulations
- Issues discussed in clarification Bulletins 5 and 6 of Ind AS Transition Facilitation Group of ICAI
- Brief overview of various Guidance Notes issued by ICAI during the quarter.
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