New Delhi, the 23rd January, 2015No. 1-CA(7)/167/2014.- Whereas certain draft regulations further to amend the Chartered Accountants Regulations, 1988, were published as required by sub-Section (3) of Section 30 of the Chartered Accountants Act, 1949 (38 of 1949), in the Gazette of India, Extraordinary, Part III, Section 4, dated the 10th September, 2014, inviting objections and suggestions from persons likely to be affected thereby, before the expiry of forty-five days from the date on which the copies of the Gazette containing the said notification were made available to the public;

And whereas the copies of the said Gazette were made available to the public on the 12th September, 2014;

And whereas the objections and suggestions received from the public on the said draft regulations have been considered by the Council of the Institute;

Now, therefore, in exercise of the powers conferred by sub-Section (1) of Section 30 of the said Act, the Council, with the approval of the Central Government, hereby makes the following regulations further to amend the Chartered Accountants Regulations, 1988, namely:-

  1. (1) These regulations may be called the

Chartered Accountants (First Amendment) Regulations, 2015.

(2) They shall come into force on the date of their final publication in the Official Gazette.

  1. In the Chartered Accountants Regulations, 1988 (hereinafter referred to as the said regulations),-
  • in regulation 28E, in sub-regulation (1), in clause (b), for the words “nine months”, the words “eight months” shall be substituted.
  • in regulation 48, in sub-regulation (1), for the Table, the following Table shall be substituted, namely:-

Table

  • in regulation 204, for the words “and International Trade Laws and World Trade Organisations” the words, “International Trade Laws and World Trade Organisation and International Taxation” shall be substituted.

[File No. 1-CA(7)/167 /2014]

Sd/- V. Sagar Acting Secretary

 

ICAI News

Note.-The principal regulations were published in the Gazette of India, Extraordinary, Part III, Section 4, dated the 1s‘June, 1988 vide number 1 -CA(7)/134/88 dated 1st June, 1988 and subsequently amended by –

  • Notification No. 1 -CA(7)/1 /89 published in the Gazette of India, dated 7h October, 1989
  • Notification No.1-CA(7)/10/90 published in the Gazette of India, dated 19lh January, 1991
  • Notification No.1-CA(7)/11/90 published in the Gazette of India, dated 19th January, 1991
  • Notification No.1-CA(7)/12/91 published in the Gazette of India, dated 23rd February, 1991
  • Notification No.1-CA(7)/13/90 published in the Gazette of India, dated 2na February, 1991
  • Notification No.1-CA(7)/19/92 published in the Gazette of India, dated 7th March, 1992.
  • Notification No.1-CA(7)/28/95 published in the Gazette of India dated 1st September, 1995
  • Notification No.1-CA(7)/30/95 published in the Gazette of India, Extraordinary dated 13th March, 1996
  • Notification No. 1-CA(7)/31/97 published in the Gazette of India, dated 16lh August, 1997
  • Notification No. 1-CA(7)/44/99 published in the Gazette of India dated 26′” February, 2000
  • Notification No.1-CA(7)/45/99 published in the Gazette of India, dated 26th February, 2000
  • Notification No.1-CA(7)/51/2000 published in the Gazette of India, Extraordinary, dated 17” August. 2001
  • Notification No.1-CA(7)/59 2001 published in the Gazette of India, Extraordinary dated 28,n 2001
  • Notification No.1-CA(7)/64 2002 published in the Gazette of India, Extraordinary dated 31s‘ March. 2003
  • Notification No.1-CA(7)/64A./2003 published in the Gazette of India, Extraordinary dated 4!r December, 2003
  • Notification No.1-CA(7) 83 2005 published in the Gazette of India, Extraordinary dated 28’” July. 2005
  • Notification No.1-CA(7),84 2005 published in the Gazette of India, dated 17h June, 2006
  • Notification No. 1-CA(7)/92 2006 published in the Gazette of India, dated 13^ September, 2006
  • Notification No. 1-CA(7) 102 2007(Ei published in the Gazette of India, dated 17h August, 2007
  • Notification No.1-CA(7)/116 2008 published in the Gazette of India, dated 25,h 2008
  • Notification No.1-CA(7)/123 2008 published in the Gazette of India, dated 3,a 2008
  • Notification No. 1-CA(7)/145 2012 ouDlished in the Gazette of India, Extraordinary dated 1* August. 2012
  • Notification No. 1-CA(7)/154 2014 published in the Gazette of India, Extraordinary dated 22 : 2014

 

 

 

| ICAI Awards for Excellence in Financial Reporting

ICAI Awards for Excellence in Financial Reporting for the year 2013-14


An awards presentation ceremony to honour the awardees of ‘ICAI Awards for Excellence in Financial Reporting’ was held on February 8, 2015 at Chennai. CA. K. Rahman Khan, M.R, Rajya Sabha, Former Union Minister of Minority Affairs & former Deputy Chairman Rajya Sabha, was the Chief Guest at the occasion. A list of awardees for the competition ‘ICAI Awards for Excellence in Financial Reporting’ for the year 2013-14 is as detailed below:

 

 

 

Category Award Name of the Entity Annual Report and Accounts for the year ended
I Public Sector Banks Gold Shield Nil Nil
Silver Shield Nil Nil
Plaque for commended Annual Report Canara Bank 31st March, 2014
11 Private Banks (including Co- operative banks and Foreign Banks) Gold Shield Axis Bank Limited 31st March, 2014
Silver Shield Nil Nil
Plaque for commended Annual Report HDFC Bank Limited 31s‘ March, 2014
III Insurance Sector Gold Shield ICICI Prudential Life Insurance Company Limited 31st March, 2014
Silver Shield HDFC Standard Life Insurance Company Limited 31st March, 2014
Plaque for commended Annual Report SBI Life Insurance Company Limited 31st March, 2014
IV Financial Services Sector (other than Banking and Insurance) Decided not to give any award in this category

 

Category Award Name of the Entity Annual Report and Accounts for the year ended
V Manufacturing Sector (Turnover equal to or more than ?500 crore) Gold Shield Jointly to: ACC Limited & Lupin Limited 31st December, 2013 &

31st March, 2014

Silver Shield Castrol India Limited 31st December, 2013
Plaque for commended Annual Report Hindustan Unilever Limited 31st March, 2014
VI Manufacturing Sector (Turnover less than ?500 crore) Gold Shield Nil Nil
Silver Shield Kewal Kiran Clothing Limited 31s‘ March, 2014
Plaque for commended Annual Report Centum Electronics Limited 31st March, 2014
VII Infrastructure and Construction Sector (Turnover equal to or more than ?500 crore) Gold Shield Nil
Silver Shield Nil
Plaque for commended Annual Report NTPC Limited 31st March, 2014
VIII Infrastructure and Construction Sector (Turnover less than f500 crore) Decided not to give any awards in this Category
IX Service Sector (other than financial services sector) (Turnover equal to or more than ?500 crore) Gold Shield Nil Nil
Silver Shield Mindtree Limited 31sl March, 2014
Plaque for commended Annual Report Info Edge(India) Limited 31st March, 2014
Hexaware Technologies Limited 31st December, 2013
Zensar Technologies Limited 31sl March, 2014
X Service Sector (other than financial services sector) (Turnover less than ?500 crore) Gold Shield Nil Nil
Silver Shield Alphageo (India) Limited 31st March, 2014
Plaque for commended Annual Report Just Dial Limited 31st March, 2014
XI Not-for- Profit Sector Gold Shield Nil Nil
Silver Shield Vidya Dairy 31st March, 2014
Plaque for commended Annual Report Nil Nil
XII Local Bodies Nil
XIII Agricultural Sector Nil

Disclaimer: The awardees have been selected by the panel of judges on review of accounting practices adopted by the participating enterprises in the preparation of their financial statements without regard to their financial condition and operating performance. Accordingly, the awards signify that the accounting policies followed by the concerned enterprise are the best amongst the enterprises that have participated in the Competition.

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