Nandhakumar & Sundaran
Chartered Accountants, Auditors

By: Nandhakumar & Sundaran | December 31, 2018

Names of more than 1 lakh companies have been struck off the official records in the current fiscal for not carrying business activities for a long time, the government said Friday. As part of clamping down on illicit fund flows, the Corporate Affairs Ministry has been taking action against entities that are suspected to be shell companies. Under the Companies Act, 2013, a company can be deregistered if it has not been carrying out any business for two continuous years and has .

Source : Economic Times

Category: Company Law 

Tags: News 

By: Nandhakumar & Sundaran | December 05, 2018

MCA has accepted the ICAI request/ representation to remove the criteria of a Chartered Accountant (CA) being a Graduate to become a Registered Valuer and has accordingly modified the Companies (Registered valuers and Valuation) Rules, 2017. Now, any qualified Chartered Accountant with 3 years experience can register as a valuer, i.e. a CA is not required to be a Graduate to become Registered Valuer.

ICAI Press Release dt. 26 Nov. 2018

Chartered Accountants need not to be a Graduate to become Registered Valuer 

Valuation is a highly specialised field which can be performed by the professionals having a blend of finance, accounting and finance. Chartered Accountants are best suited for valuation as at various levels of Chartered Accountanc...

Category: Company Law 

Tags: Updates