🔮 Ethics of the Day🕵🏻
🌴
🏵️ FAQ: Can a member in practice be Promoter/Promoter Director of the Company?
👉 Ans :Yes, there is no bar for a member to be a promoter/signatory to the Memorandum and Articles of Association of any company. There is also no bar for such a promoter/signatory to be a Director Simplicitor of that company irrespective of whether the objects of the company include areas, which fall within the scope of the profession of Chartered Accountants. Therefore, members are *not required* to obtain specific permission of the Council in such cases. There is also no bar on holding any number/percentage of shares in the company.
🏵️ FAQ:Can a member in practice be a sleeping partner in family business concern?
👉 Ans :Yes, a member in practice can be a sleeping partner in a family business concern provided he takes prior and specific permission from the Council in terms of Regulation 190A of CA Regulations. He will,however, not be entitled to do attest functions.
.
========>
.
👉🏻GST Network blocks Rs. 14,000 Cr input tax credits of 66,000 taxpayers
(The Goods and Service Tax Network (GSTN) on Tuesday said it has blocked ₹14,000 crore worth of input tax credit (ITC) of 66,000 businesses registered under the GST)
👇🏻 👇🏻 👇🏻
https://bit.ly/3lzVWri
.
========>
.
⚫India will witness close to double digit economic growth this FY22, which would be the highest among the major economies of the world, FM said.
⚫The India-China trade volume looks set to cross the record figure of USD 100 billion this year despite a chill in bilateral relations due to the continuing military standoff between the two countries in eastern Ladakh.
⚫The IMF has projected the Govt debt, including that of the Centre and the states, to rise to a record 90.6% of GDP during 2021-22.
⚫The Centre abolished the basic customs duty on crude varieties of palm, soybean and sunflower oil and also slashed the agri-cess on them till March 2022, barely days after it authorised states to impose stock limits on oilseeds and edible oil.
⚫Govt removes additional restrictions on UK citizens arriving in India.
⚫Over 960 million Covid-19 vaccines administered in India.
.
========>
.
👉Choose Your Booth for Election voting
👉OPTION TO GET POLLING BOOTH RE-ALLOTED
A member as on 1st April 2021 as a voter can cast vote in any nearest booth of NIRC subject to 14 days prior intimation and May cast vote at any booth in any region of India subject to 21 days prior intimation to the election officer.
You can change the nearest polling booth at the link https://changebooth.icai.org
Check your booth in current
https://appforms.icai.org/elections/knowyourbooth2021.html
.
==============>
.
📲 Download my official Android app "Updates by CARJ" 📚 to stay connected with latest news and updates 📝
Thanks for reading
