COVID-19 pandemic has completely changed the scenario of learning and education. In order to avoid any hindrance in the education and classroom sessions, several institutes are now coming up with ‘Virtual Classes’ or online classes.

The Institute of Company Secretaries of India (ICSI) is no way different from the league and therefore with Registered Valuers Organization (RVO), the institute is coming up with 50 hours online classes educational course related to “Valuation of Securities or Financial Assets”. The classes held … Read More

A company is announced insolvent when it has no caliber left to continue with its business and that it is the end of its existence. An insolvent firm is left with no money to repay the loans. Nobody has control over issues like insolvency. A company might go insolvent due to the ever changing market, due to customers switching their priorities or any other reason. 

Talking about the resolution of insolvency it is the process where the professional works on … Read More

Just a few days ago, a government-appointed committee of experts had represented the idea of having an institutional framework for valuers which will be known as the National Institute of Valuers. The panel which was constituted by the ministry on 30th August 2019 headed by M S Sahoo Chairperson, Insolvency and Bankruptcy Board of India, has submitted the ‘Draft Valuers Bill, 2020” on 31st March. 

In the same matter, the corporate affairs ministry requested comments on the bill before the … Read More

The condonation fees required to be paid by the Chartered Accountant (CA) Students is being waived off by the Institute of Chartered Accountants of India (ICAI). The decision was taken by the department keeping in mind the problems faced by the students because of the outbreak of coronavirus.

The students are unable to fill and submit the forms related to practical training before the deadline. The condonation fee was supposed to be charged against the delay but the institute has … Read More

The Institute of Chartered Accountants of India (ICAI)’s Western Regional Council wrote a letter to the Chief Minister of Maharashtra, Mr. Uddhav Thackeray, stating that the services provided by the members of the Institute, the Chartered Accountants, should be considered as an “essential service” amid the lockdown started because of the outbreak of the coronavirus. 

The letter detailed the importance of the Goods and Services Tax (GST) and read, “Goods and Services Tax (GST) has become the primary source of … Read More

Nationwide lockdown announced to stop the spread of COVID-19 has resulted in many provisional changes in compliance norms like the due dates for many legal/tax/institutional compliances have been extended.  

One of which is the notification issued by the Institute of Companies Secretaries of India (ICSI) stating the extension in the deadlines for submitting Quarterly Training Reports. 

Read Also : COVID-19 – Changes introduced by ICSI in Secretarial Standards (SS-1 & SS-2)

Due dates for submitting the first quarterly progress report … Read More