Alerts & Updates

  • RBI grants in-principal approval for Payment Banks.


  • Online reporting with RBI.


  • Note on clarification issued by MCA.

Clarification issued by MCA on CFS and Reporting on Internal Financial Controls - Auditors

As per representations received from ICAI and other stakeholders, it is clarified by Ministry of Corporate Affairs (MCA) that Companies are not required to repeat disclosures which has been made in Standalone Financials again in Consolidate Financial Statements (CFS). In CFS, the Company needs to give only those disclosures which are relevant to CFS only.

- Clarification issued by MCA on CFS and Reporting on Internal Financial Controls - Auditors