Requirements to become a Chartered Accountant:
1. Through Foundation Course route:
(i) Enrol for Foundation Course after appearing in Class 12thExamination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
(ii) Complete four months Study Period. Register till 30th June/ 31st December for being eligible to appear in November/ May Foundation Course Examination.
(ii) Appear in Foundation Examination after passing in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and on complying with (ii) above.
(iii) Join Intermediate Course after passing Foundation Examination.
(iv) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of Courses on Information Technology and Orientation Course at the earliest but these are to be completed compulsorilybefore commencement of their articleship.
(v) Appear in Intermediate Examination on completion of 8months of study course as on first day of the month in which theexamination is to be held.
(vi) Join articled training after passing either of the Group or Both Groups ofIntermediate Course and after successfully undergoing ICITSS.
(vii) Clear the balance Group (if any) of Intermediate Examination.
(viii) Register for Final Course.
(ix) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills during the last two years of practical trainingbut before appearing in the Final Examination.
(x) Appear in the Final Examination on completion of the practical training or whileserving last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be heldafter successful completion of AICITSS.
(xi) Complete articled training of 3 years.
(xii) Pass Final Examination.
(xiii) Enrol as a member of the ICAI and be designated as “Chartered Accountant”

2. Through Direct Entry route:
I. Commerce Graduates/Post-Graduates (55%) or Other Graduates/Post-Graduates (60%):
(i) Enrol with the Institute for Intermediate Course.
(ii) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of Courses on Information Technology and Orientation Course before commencement of their articleship.
(iii) Register for Practical Training of three years.
(iv) Appear in Intermediate Examination on completion of 9 months of Practical Training on first day of the month in which the examination is to be held.
(v)Appear and pass in both groups of Intermediate Examination.
(vi) Register for CA Final Course.
(vii) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills during the last two years of practical training but before appearing in the Final Examination.

(viii) Appear in the Final Examination on completion of the practical training or while serving last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held after successful completion of AICITSS.
(ix) Complete articled training of 3 years.
(x) Pass Final Examination.
(xi) Enrol as a member of the ICAI and be designated as “Chartered Accountant”.
Provisional Registration: Candidates who are pursuing the Final year of Graduation Course shall be eligible for provisional registration to the Intermediate Course. Such candidates would be required to submit satisfactory proof of having passed the graduation examination with the specified percentage of marks within such period not exceeding six months as from the date of appearance in the final year graduation examination. During the period of provisional registration, the candidate can undergo and complete ICITSS. It is clarified that in their case, the practical training will commence only on becoming a graduate with specified percentage of marks. Such candidates shall be eligible for appearing in the Intermediate Examination on completion of nine months of practical training. If such candidates fail to produce the proof within the aforesaid period, his provisional registration shall be cancelled and the registration fee or the tuition fee, as the case may be, paid by him shall not be refunded and no credit shall be given for the theoretical education undergone.
II. Candidates who have passed Intermediate level examination of Institute of Company Secretaries of India or Institute of Cost Accountants of India
(i) Enrol with the Institute for Intermediate Course.
(ii) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of Courses on Information Technology and Orientation Course at the earliest but these are to be completed compulsorily before commencement of their articleship.
(iii) Appear in Intermediate Examination on completion of 8 months of study course as on first day of the month in which the examination is to be held.
(iv) Join articled training after passing either of the Group or Both Groups of Intermediate Course and after successfully undergoing ICITSS.
(v) Clear the balance Group (if any) of Intermediate Examination.
(vi) Register for Final Course.
(vii) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills during the last two years of practical training but before appearing in the Final Examination.
(viii) Appear in the Final Examination on completion of the practical training or while serving last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held after successful completion of AICITSS.
(ix) Complete articled training of 3 years.
(x) Pass Final Examination.
(xi) Enrol as a member of the ICAI and be designated as “Chartered Accountant”.
website
https://www.icai.org/indexbkp.html

The Controller General of Patents, Designs & Trade Marks invites online application from eligible candidates under Section 126 of the Patents Act, 1970, willing to appear in Patent Agent Examination2020 which is likely to be held on 28.06.2020. Online registration of candidates shall start from 25.02.2020 (02:00 PM). Last date for registration is 25.03.2020 (05:30 PM). The examination will be conducted in two sessions namely Paper-I (objective type, two hours duration) & Paper-II (descriptive type, three hours duration).

http://www.ipindia.nic.in/writereaddata/Portal/Images/pdf/2020-02-24__1_.pdf

Guidelines for Fiiling the Online Udyog Aadhaar Form :-

Note:

1. Aadhaar Number – 12 digit Aadhaar number issued to the applicant should be filled in the appropriate field.

2. Name of Owner– The applicant should fill his/her name strictly as mentioned on the Aadhaar Card issued by UIDAI. E.g. if Raj Pal Singh has his name as Raj P. Singh, the same should accordingly be entered if the name does not match with the Aadhar Number, the applicant will not be able to fill the form further.To Validate Aadhar:-

  1. Validate Aadhar– The applicant must click on Validate Aadhaar button for verification of Aadhaar, after that only user can fill the form further.
  2. Reset– The applicant can click on reset button to clear the field of Aadhaar No and Name of the owner for different Aadhaar.

OTP will be sent to your mobile number registred with UIDAI. If your mobile number is not registered with UIDAI, please follow instructions given on Pop up window.

3. Social Category– The Applicant may select the Social Category (General, Scheduled Caste, Scheduled Tribe or Other Backward Castes (OBC). The proof of belonging to SC, ST or OBC may be asked by appropriate authority, if and when required.

4. Gender– The Applicant can select gender of Entrepreneur

5. Physically Handicapped– The Applicant can select Physically Handicapped status of Entrepreneur

6. Name of Enterprise– The Applicant must fill the name by which his/her Enterprise is known to the customers/public and is a legal entity to conduct business. One applicant can have more than one enterprises doing business and each one can be registered for a separate Udyog Aadhaar and with the same Aadhaar Number as Enterprise 1 and Enterprise 2 etc.
Combination of same Aadhaar Number and Enterprise Name can be aadded second times. Only additinal details can be added or deleted at the time of editing

7. Type of Organization– The Applicant may select from the given list the appropriate type of the organisation for his/her enterprise. The Applicant must ensure that he/she is authorised by the legal entity (i.e. enterprise being registered for Udyog Aadhaar) to fill this online form. Only one Udyog Aadhaar number shall be issued for each enterprise.

8. PAN Number – The Applicant have to enter PAN Number in case of Co Operative,Private Limited, Public Limited and Limited Liability Partnership It. Will be optinal in remaining type of Organisation

9. Location of Plant– The Applicant may add multiple plant location in one registration by clicking Add Plant button.

10. Official Address– The Applicant should fill in the appropriate field the complete postal address of the Enterprise including State, District, Pin code, Mobile No and Email.

11. Date of Commencement– The date in the past on which the business entity commenced its operations may be filled in the appropriate field.

12. Previous Registration Details(if any)– If the Applicant’s enterprise, for which the Udyog Aadhaar is being applied, is already issued a valid EM-I/II by the concerned GM (DIC) as per the MSMED Act 2006 or the SSI registration prevailing prior to the said Act, such number may be mentioned in the appropriate place.

13. Bank Details– The Applicant must provide his/her bank account number used for running the Enterprise in the appropriate place. The Applicant must also provide the IFS Code of the bank’s branch where his/her mentioned account exists. The IFS code is now a days printed on the Cheque Books issued by the bank. Alternatively, if the Applicant knows the name of the Bank and the branch where his/her account is there, the IFSC code can be found from website of the respective Bank.

14. Major Activity– The major activity i.e. either “Manufacturing” or “Service” may be chosen by the enterprise for Udyog Aadhaar. If your enterprise involves in both type of activities and if major work involves in Manufacturing and small portion of activity involves in Service sector then select your major activity type as “Manufacturing” and if major work involves in Services and small portion of activity involves in Manufacturing then select your major activity type as “Services”

15. National Industry Classification Code(NIC Code)– The Applicant may choose multiple National Industrial Classification-2008 (NIC) Codes to includes all their activities. Which means user can select multiple NIC code of Manufacturing and Service sector by clicking “Add More” button.If you want to add Manufacturing then select “Manufacturing” radiobutton and keep on adding by clicking “Add More” button otherwise if you want to add Service then select “Services” radiobutton and keep on adding by clicking “Add More” button. The NIC codes are prepared by the Central Statistical Organisation (CSO) under the Ministry of Statistics and Program implementation, Government of India.

The Applicant may use National Industrial Classification-2008 (NIC) Codes searching facility to avoid 3 steps selection process.
Example: User has to write matching key word (2 or more characters) in Search text box in Column No 11 . Then all related NIC CODEs will be listed (including Nic 2 Digit, Nic 4 Digit & Nic 5 Digit) with code and description. If User selects NIC 5 Digit code, then automatically all the related fields(like NIC 2 Digit, 4 Digit, 5 Digit & Enterprise Type) at column 11 will be automatically filled. Same way, If user selects NIC 4 digit, then related field of 2 digit NIC Code will filled, but user has to select NIC 5 digit from drop down(In this case 2 steps are required).

16. Person employed– The total number of people who are directly been paid salary/ wages by the enterprise may be mentioned in the appropriate field.

17. lnvestment in Plant & Machinery / Equipment– While computing the total investment , the original investment ( purchase value of items) is to be taken into account excluding tho cost of pollution control, research and development, industrial safety devices, and such other items as may be specified, by notification of RBI. If an enterprise started with a set of plant and machinery purchased in 2008 worth Rs. 70.00 lakh has procured additional plant and machinery in the year 2013 worth Rs. 65.00 lakh, then the total investment in Plant & Machinery may be treated as Rs. 135.00 lakh.

18. DIC– The Applicant, based on the location of the Enterprise, has to fill in location of DIC. This Column will be active and show option only when there are more than one DIC in the district. In fact if there is only one DIC in the district system will automatically register you in the same DIC.

19. Submit– The Applicant must click on Submit button to generate OTP which will be sent to email id mentioned for registration.

20. The Applicant have to enter OTP received on mobile (linked with Aadhaar) second time.

21. Enter Captcha– The Applicant must enter Captcha before clicking Final Submit button.

REGISTRATION : https://udyogaadhaar.gov.in/UA/UAM_Registration.aspx

CHECK STATUS : http://www.msmedatabank.in/Info/Verify.aspx

https://udyogaadhaar.gov.in/UA/UA_EntrepreneurLogin.aspx

Legal Entity Identifier India Limited (CIN- U74900MH2015PLC268921) – A Wholly Owned Subsidiary of The Clearing Corporation of India Ltd. acts as a Local Operating Unit (LOU) for issuing globally compatible Legal Entity Identifiers (LEIs) in India.

“LEIL has been recognized by the Reserve Bank of India as an “Issuer” of Legal Entity Identifiers under the Payment and Settlement Systems Act 2007 (as amended in 2015).” LEIL has been Accredited by the Global Legal Entity Identifier Foundation (GLEIF) as a Local Operation Unit (LOU) for issuance and management of LEI’s.Why is a Legal Entity Identifier required for my organization?

The Legal Entity Identifier (LEI) is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction.
LEIL will assign LEIs to any legal identity including but not limited to all intermediary institutions, banks, mutual funds, partnership companies, trusts, holdings, special purpose vehicles, asset management companies and all other institutions being parties to financial transactions.
LEI will be assigned on application from the legal entity and after due validation of data. For the organization, LEI will

  • Serve as a proof of identity for a financial entity
  • Help to abide by regulatory requirements
  • Facilitate transaction reporting to Trade Repositories

What is the LEI code?

The structure of the global LEI is determined in detail by ISO Standard 17442 and takes into account Financial Stability Board (FSB) stipulations.

LEIL as an LOU

The parent Company CCIL, offers a host of services that enables trading on sophisticated Trading Platforms, reporting trades to a comprehensive Trade Repository, settle the trades on a guaranteed basis through its CCP services and enjoy a range of post-trade services. At every stage, the LEI will be a useful value-addition. LEIL uses its parent company’s expertise in trading, reporting and settlement engines to bring to you LEI web portal that provides a number of benefits:

  • Self-registration – Set yourself up quickly and simply
  • Advanced search and filter including foreign LEIs – helps you find the information you need quickly
  • Challenges – assists with the proactive maintenance of entity data
  • Easy to use interface – User Guide, FAQs and very little training required
  • Accuracy and reliability – Rigorous duplicate check from consolidated database from other LOUs.

https://www.ccilindia-lei.co.in/Documents/NOTI1770EA1DB41CD8A4567BBC6E71114F7E5BE.pdf

https://www.ccilindia-lei.co.in/Documents/NOTI3143399AEE12E684FCF9FEEA7E03E0E9064.pdf

MCA has specified rules for the takeover of unlisted companies wherein it is provided that a member along with other members holding not less than 3/4th of shares of the Company can make an application to the NCLT in relation to a takeover offer for acquiring the remaining shares of the Company.

Any person who is aggrieved by the aforesaid takeover offer may file an application to Tribunal in Form NCLT-1 along with related documents.

The Central Government hereby appoint February 03, 2020, as the date on which the above said rules shall come into force

Source : http://www.mca.gov.in/Ministry/pdf/Rules1_04022020.pdf

MCA has notified the Companies (Registration Offices and Fees) Amendment Rules, 2020 which shall come into force on the date of their publication in the Official Gazette i.e 19-02-2020. Through this amendment, MCA has released revised Form No. GNL-2. As the Companies can file certain documents with the Registrar of Companies by filing this e-Form GNL-2 and in case there is no e- Form prescribed for filing any document with Registrar, then company or liquidator can file such documents through this e-Form.

http://www.mca.gov.in/Ministry/pdf/rule_19022020.pdf

The CBDT has issued a Circular which contains the rates of deduction of Income Tax from the payment of income chargeable under the head “Salaries” during the financial year 2019-20 (A.Y. 2020-21) and explains certain related provisions of Section 192 of the Act and Income-tax Rules, 1961. The relevant Acts, Rules, Forms, and Notifications are also available at the website of the Income Tax Department. Further, the circular has broad scheme of tax deduction at source from “Salaries”, Persons responsible for deduction tax & their duties and method of computation of income under the head “Salaries”.

https://www.incometaxindia.gov.in/communications/circular/circular_no_4_2020.pdf

    Several requests have been received in the Ministry with respect to filing of documents in the MCA-2 1 registry where an Insolvency Professional (lnterim Resolution Professional (lRP) or Resolution Professional (RP) or Liquidator) has been appointed under IBC, 2016 in respect of a company. Keeping in view the requirements for statutory compliances by such companies under the Companies Act, 2013 and to enable compliance of such requirements by such Resolution Professionals, it is hereby clarified that the following procedures shall be followed in resDect of all such cases:- The IRP/ RP/ Liquidator would have to first file the NCLT order approving him as the IRP/RP/Liquidator in form INC-28 on the MCA21 portal by selecting the option “Others” at serial no. s(a)(i) from the drop down menu in the form. After filling in the form, the IRP/RP/Liquidator while affixing his DSC, shall choose his designation as “Others” in the declaration box. Jurisdictional ROC, shall thereafter examine and approve the INC-28 form so filed if the same is found to be in order. If the filed Form is not in order, he shall mark the form as under Re-submission / Rej ected category as applicable. Once the INC-28 form is approved, only the IP (lRP/ RP/ Liquidator) shall thereafter be allowed to file any form on behalf of the company. For all subsequent filings, the IP shall choose his designation as “Chief Executive Officer”(CEO), for the purpose of filing e-forms, in various e-forms. (i) (ii) Page no.2 contd., (iv) (vl (vi) -z- (iii) The Master Data for the company shall, after the approval of Form No.INC28 clearly display that the said company is under CIRp or Liquidation, as the case may be, and the name of the IP so appointed shall be dispiayed in the CEO column. The IP shall be responsible and will be able to file all necessary documents/ disclosures/ returns for the purposes of compliances under the Companies Act. 20 13. For filing e-forms SH-8 and SH-9 and iXBRL, the Ip shall be allowed to file the same in his role as CEO instead of the form being signed by two Directors. In respect of e-form MGT-7 the IP shall sign the form instead of a Director and thereafter the form would have to be certi{ied by a Company Secretary in practice. Unless INC-28 e-form is approved, no other forms would be enabled for filine by the IRP/RP/Liquidator in his role of designated CEO. The IRP/RP/Liquidator in his role as designated CEO shall again file e-form INC-28 upon the approval of the resolution plan, initiation of liquidation proceedings or upon withdrawal of the application for CIRp based on which the status of the company would get suitably reflected in the company master data. In case, a new Board is required to be appointed in terms of the order passed by the Tribunal or Appellate Tribunal, the details of the first authorised signatory of such board will be inserted by the jurisdictional Registrar after receiving an application from the IP, wherein the SRN of the relevant e-from INC-28 shall be quoted. Consequently, the authorisation for the Ip to fire documents on behalf of the company shall then cease and the new authorised signatory shali then take over the responsibility of filing e-forms on behalf of the company. r [vii) Page no.3 contd., -.) – 2. lt is further clarified that in case the order of admission of a company (corporate Debtor) into cIRP or into liquidation is stayed or set aside by the Tribunal or Appellate Tribunal or other courts, such order shall be filed in Form INC-28 by the concerned IP, and the status ofthe company and the authorisation for filing of forms on behalf of company would then change accordingly

    file:///C:/Users/f80697b/Downloads/Circular_17022020.pdf