Friday, 15 December, 2017

Vistra India Update 341

December 01 - December 15, 2017

COMPANY LAW

Companies (Cost records and Audit) Amendment Rules, 2017

Ministry of Corporate Affairs has amended Cost records and audit rules to clarify that “Indian Accounting Standards” referred in Companies (cost records and audit)  rules 2014 means India Accounting Standards as referred to in Companies (Indian Accounting standards) Rules 2015. Further, updated form CRA-1 (Particulars relating to the items of Costs to be included in the Books of Accounts) and form CRA-3 (Form of Cost audit report) is notified. These amendment is made effective 1st April, 2016

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Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Second Amendment Rules, 2017

Ministry of Corporate Affairs has amended Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015 to replace Annexure III which provides for XBRL Taxonomy

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Relaxation of additional fees and extension of last date of filing of Form CRA.4 under the Companies Act, 2013

Following the Amendment to Companies Cost Records and Audit rules, Ministry of Corporate Affairs has extended the last date for filing of Form CRA-4 (Form for filing Cost audit report in XBRL format) for the financial years starting on or after 1st April, 2016 without additional fees till 31st December, 2017

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CUSTOMS

Publishing of rate of exchange for conversion of the foreign currency

The Central Board of Excise and Customs (CBEC) vide Notification No. 113 /2017 - Customs (N.T.) notified the rate of exchange for conversion of the foreign currency into Indian currency or vice versa for Export and Import of goods, with effect from 8th of December 2017 respectively 

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Events

Moscow | 19 Feb - 20 Feb
Stockholm | 20 Feb
Berlin | 26 Feb - 1 Mar
Hong Kong | 2 Mar
Krakow | 8 Mar
Hong Kong | 12 Mar
Bucharest, Romania | 28 Mar - 29 Mar

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