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Extension of e-payment deadline and of banking hours

The Reserve Bank of India has issued instructions vide RBI/2014-15/515 dated March 25, 2015 wherein it has been decided that all agency banks shall keep the counters of their designated branches conducting government business open for full day on March 30, 2015, and till 8.00 p.m. on March 31, 2015. All electronic transactions would, however, continue till midnight of March 31, 2015.


Thus the assesses can make e payment till the mid night of March 31, 2015.
Hope the information will assist you in your Professional endeavors.

Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) - Required CA



Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) emerged as a new Company in the year 2002, after de-merger from Hindustan Fertilizer Corporation Ltd. It is the first factory of its kind to use associated natural gas as basic raw material for producing nitrogenous fer tilizer. The production Units of the Corporation situated at Namrup, Assam have been revamped and modernized recently. BVFCL have two Ammonia and two Urea plants in operation with total production capacity of 5.55 lakhs MT of Urea per annum

Discipline : Finance & Accounts

Essential Qualification : Graduate with CA/ICWA

No. of Posts : 7

Selection Procedure: Eligible candidates will be required to appear in the All India Selection Test at their own expenses in the test Centre opted for in any of the five locations.

Last date of submission of the online application by the candidate is 17.04.2015


For More Details read the Official Notification

Telecommunications Consultants India Limited (TCIL) Recruitment for Chartered Accountant




Field : Finance

Minimum Education Qualification : CA/CMA from Institute of Chartered Accountants of India/ Institute of Cost Accountants of India. Candidate with additional qualification of ACS/FCS from the Institute of Company Secretaries of India shall be given preference. 

Minimum Experience : More than 25 years in the field of Finance. Job description : Candidate should have extensive familiarity with modern systems of financial & cost accounting, management reporting, taxation, financial planning budgeting and budgetary control, tender evaluations funds management & tax matters, preparation & finalization of accounts etc.


The last date of receipt of applications is 8 th April 2015.


To read the official notification Click Here.



5 Charted Accountants who have made it Big

5 Charted Accountants who have made it Big

Being a charted accountant in India is not an easy job. With a passing percentage of 2% and number of aspirants in lakhs, being a CA is no easy task. But even in this tough competition scenario, there are some famous names that have a successful career.  One of the major reasons that the number of aspirants for CA are more is because these are widely regarded an edge above all. The following article talks about a number of CA’s who have made it big in some field or the other.
Valued worldwide, a CA is a much in demand profession. In India the number of aspirants per year rises. Therefore, passing all the required exams to become a CA is in itself an achievement. With that there are some Indian Charted Accountants who have made a name in the industry.
Taking a look at a few of the big names in this industry:

T.N Manoharan
Born in April 1956 in a family that belonged to a freedom fighter, T.N Manoharan is a commerce
graduate with a law degree. He completed is CA in the year 1983 and set up his public practice in the same year. Manoharan was one of the four representatives of India who were appointed in board of Satyam Computer Services for its restructuring.
He has been a teacher, a board member and is the former president of Institute of Charted Accountants of India (ICAI). Rewarded the Padma Shri award in 2010, T.N Manoharan is a popular name amongst a lot of CA students. 


Deepak Parekh
A B.Com graduate from Mumbai, Deepak Parekh is a well-known CA and business leader who has been awarded with prestigious awards like:
·         Padma Bushan
·         Businessman of the Year in 1996 from Business Insider
·         JRD Tata Corporate Leadership Award by AIMA
Deepak Parekh is the Chairman for Housing Development and Financing Corporation (HDFC) and is non-executive chairman of Infrastructure Development Finance Company. Other than this he also has his presence in many prestigious companies like Glaxo India, Castrol India, Hindustan Unilever, Mahindra & Mahindra and Siemens.
The expert committee that was formed by the Ministry of Power was under chairmanship and took care of the reforms that took place in the power sector.

Motilal Oswal
The CA turned businessman, Motilal Oswal is the founder, chairman and managing director of the renowned Motilal Oswal Financial Services. He has been awarded with a number of awards. He has
been awarded with the ‘Ashtray Samman Patra’ for being the highest tax payer for a tenure of five years from FY 95 to FY 99.
He has been awarded with a number of awards for his business achievements. Listing some of them are:
·         Excellent Business Achiever Award in Financial Services
·         Udyog Rattan Award
·         The Hall of Fame for Excellence in Franchise by Franchising World Magazine
·         India’s Best Market Analyst Awards 2009 by Zee Business
·         Champion of Arthsashtra by Rotary Club
·         Special Contribution in Indian Capital Market


K.M Birla
The Indian Industrialist K.M Birla who take over the Aditya Birla group at the age of 28 had completed his CA from ICAI before that. He took over the Birla group after the sudden death of his father and has not only taken good care of the established business but also has expanded it and today is in the books of well-known businessmen.  The Aditya Birla group has expanded over different sectors under his leadership.


Rakesh Jhunjhunwala
The Indian investor and trader, Rakesh Jhunjhunwala is a qualified chartered accountant. Often referred as the Indian Warren Buffett, Rakesh Jhunjhunwala manages his own portfolio in his asset management firm. He has been a famous sole because of his investment and trading techniques.



In the End
All in all, a chartered accountant is more than just that. The learnings and struggle not only make them a better CA but develop them over all. CA courses till date are considered as one of the toughest ones to clear.


                                      Author Bio
Akansha Arora is a professional writer and blogger who loves to pen down her views on a number of topics that interest a reader. She writes keeping in mind the current scenarios and wishes to keep her readers well informed. You can follow her on google +












Bank of Maharashtra Recruitment 2015 for CA (Chartered Accountant)

Bank Of Mahrashtra - One Family One Bank

Job ProfileChartered Accountant (MMGS-II)

Number of Vacancies : 40

Work Experience : Minimum 2 years experience in any firm/bank/company

Selection Procedure : The selection will be through direct interview and/or Group Discussion.

Commencement of online application form: 30/03/2015 to 21/04/2015.
Last date to receive hard copy of online application: 30/04/2015.


To read the official notification Click Here.

Reduction of Administrative Charges of EPF from 1.10% to 0.85 % W.E.F 01.01.2015

Recently The Ministry of Labour and employment government of India has issued notification to revise the rate of administrative charges under the EPFS. The changes are effective from 01.01.2015.



The Government of India issues notification No. S.O. 323(E) and S.O. 324(E) both dated 02.02.2015,  on reducing the administrative charges under the Employees’ Provident Funds Scheme, 1952. The Ministry of Labour and Employment, Government of India, has issued a notification to revise the rate of administrative charges under the Employees’ Provident Funds Scheme, 1952. The changes will be effective from 1 January 2015 so administration charges payable upto 31.12.2014 will be levied at old rate.

EPFO (Employees Provident Fund Organisation) has cut the administrative fee it charges under the ambit of its social security schemes, effective from January 1st 2015. The administrative charges have been reduced to 0.85% of basic wage from 1.10% as per a Labour Ministry Notification No. S.O. 323(E) and S.O. 324(E) both dated 02.02.2015.

Below is the Summary of P.F Rates.

Various accounts of PF Challan
OLD Rate
New rates W.e.f 1-Jan-15
Employee
Employer
Employee
Employer
A/c No 1: PF contribution Account
12%
3.67%
12%
3.67%
A/c No 2: PF Admin account

1.10%

0.85%
A/c No 10: EPS account

8.33%

8.33%
A/c No 21: EDLIS account

o.50%

o.50%
A/c No 22: EDLIS admin account

0.01%

0.01%
Net Rate
12%
13.61%*
12%
13.36%*

To Download the official Notification click here

National Innovation Foundation - Vacancy for CA/ICWA/CFA

Job ProfileManager (Finance)

Pay: Senior Manager:Rs. 30,000 -50,000/
         Manager: Rs. 20,000 -30,000/-

Qualification:
CA/ICWA/CFA/ Post Graduate in Commerce, Finance and accounts, Human Resource Management, Public administration and other related subjects with least threeyears’ experience for Manager and five years’ experience for Senior Manager in handling the administration, finance,  store and purchase etc.

Desirable:Work experience in public funded institutions.


Last Date to Apply is 31st March 2015

For More Information Click Here.

Delhi Metro Rail Corporation Ltd. Recruitment 2015





Job profile : Asstt. Manager/Finance
Education Qualification : CA/ICWA with minimum of 50% marks and with post qualification work experience in relevant field of one year. Knowledge of SAP/ERP will be preferred


Job profile : Section Officer (Finance) on contract basis for a period of 4 years
Education Qualification : CA(inter)/ICWA (inter) with minimum 50% marks with 7 years‟ post qualification experience in relevant field.


Last date to receive online application is 16.04.2015  

For more information  read the official Notification.










Persistence Is The Key – Very Much Needed Before The Exams



“The key of persistence shall open up any door that has been closed because of resistance”

I start my mornings usually by going up to my house terrace and get a breath of fresh air.  It feels really nice when cool breeze hits your face and makes you feel highly refreshed and relaxed.  And this, followed by the sunrise is a spectacular view to watch. 

Everyday what I also notice is the activity of birds that makes the whole morning environment quite chirpy.  You see thousands of birds flying here and there making it very difficult to imagine if they are creating any particular pattern whilst in the air.  Sometimes you see hundreds flocked and flying together and sometimes you see only a couple of them sitting together trying to identify what to do.  Perhaps they are mates trying to figure out their future J.

Whatever be the no of birds in the air, there is one thing that clearly emerges out, i.e., their desire to go and fetch food or water for themselves.  You can notice each of them fly down to a place that has some food, pick it up from their beak and then fly down to a tree and sit and eat.  Some of them feed their children and relentlessly fly down to pick up food and eat it.  If you carefully watch them, you notice a superb level of persistence, i.e. the ability to continuously fly down and pick up food and fee the children or themselves and then again fly down to pick up food.  This process continues till the time they are either no more hungry or are not left with any more food.

It is awesome to see their commitment to fly despite all odds such as bad weather or a threat to get eaten by a cat or any other animal.  The birds continuously persist in their motive to find food and never stop until they successfully achieve the desired result. 

What I wanted to bring out through the above illustration is that if each one of us adopts the bird like attitude of continuously making the effort to achieve our objectives, we can surely achieve our goals and consequently, a much better life.   The life of a student demands lot of hard work and persistence and unless we develop that attitude, it is going to be very difficult to survive and grow.  Relentlessly pursuing your objectives, filled up with the desire to achieve your goals is the key to success and in my personal opinion people having that attitude are the real winners. 

A lot of students ask me – “Nimish, how do you develop persistence or the attitude of not giving up on your dreams.  They ask me that in this world there are so many things to do and therefore, we sometime get lost in the mist.  How do we keep moving with the flag of our goal held high considering there are so many obstacles on the way”.  These are highly relevant questions and more important in today’s times when there are so many things to distract you.  There has never been a time before today when the world was inundated with so much information, so much media and so much social networking.  Today, people find it very difficult to get away with Facebook and the temptation to not look at WhatsApp whenever a new message arrives. Obviously, all these things including TV form a major part of what I call the ‘Distraction Kitty’.   The Distraction Kitty is nothing but a pool of all the items distracting you from your goals and consequently, taking you away from your dreams.

In my personal opinion the only way one can get away from your Distraction Kitty is when you have a strong ‘Desire’.  Unless and until you have a very strong desire to achieve something, your Distraction Kitty is going to sway you away from your dream goals.  People who have succeeded in life are the ones who have had very strong desire to become rich, very strong desire to achieve success, very strong desire to create big organizations and a very strong desire to change the world. 

In addition to having a strong desire to achieve your goals, there has to be a strong ‘Faith’ in your dreams.  Unless you believe that something good is going to happen to you, in my opinion no good will happen.  You have to have a strong desire and that desire has to be backed up with equivalent amount of faith.  You would have heard stories of disabled people climbing up mountains, or people without legs participating in cycling events or children of slum dwellers clearing IAS or CA papers and topping the charts.  All these are brilliant examples of the terms ‘desire’ plus ‘faith’.  These people have a very strong desire to achieve what they want and when they start they have an unwavering faith in their capabilities and in their actions to achieve the results.  They simply ignore the thought of giving up and that’s exactly what is needed to become a champion.

From my personal experience I can share that when I was doing CA, there was not even a single thought that ran in my mind whether I would clear CA or not.  I remember the motley group of people in our firm and despite being different, all of us in the batch of the year 1999 had one common desire – “the desire to become CA in the year 2002”.  And honestly, none of us ever had any doubt in our ability to clear the exams.  Our faith to pass was extremely strong it led the majority of us including myself become CA in the minimum stipulated time.

Its end of March now and only a month left before May 2015 attempt appears before you.  I think this is the time to work extremely hard, burn the midnight oil and leave nothing to chance.  And along with hard work, have faith in your capabilities and just believe in your self.

I want to suggest few tips that might help you develop faith in your abilities, faith in yourself and the attitude that YOU WILL MAKE IT:

1.            Prepare a list of affirmations

For the next 45 days make a habit to say positive affirmations to yourself.  You have to convince your subconscious mind that you are born to win and there is no way any obstacle can deviate you from your goals. 

I have been a staunch believer of affirmations and in a lot of my previous blogs I have talked about how writing and loudly speaking out the affirmations influence your subconscious mind.  Our subconscious mind gets influenced with images and words and the more we affirm to ourselves that we can do it and that clearing examinations are possible, the more our subconscious mind would make it a reality. 

Some examples of affirmations you can use:

(a)         Everyday and in every way I am getting closer to my goal of becoming a chartered accountant;
(b)         I can see myself holding the chartered accountancy degree in the attempt of May 2015;
(c)          I am very well prepared for the May 2015 exams and I will surely pass in this attempt;
(d)         There is nothing that can stop me from achieving my goal to clear the papers in May 2015 attempt and I can see myself very clearly becoming a chartered accountant.

Similarly, you can create your own affirmations and read them loudly 5-6 times in a day.

2.            Emotionalize your affirmations

For affirmations to work in your favour, it is important to have strong emotions in them.  Emotionalizing means putting lot of feelings so that the subconscious mind attracts the thoughts and then put them into action. 

Research on this topic has shown that when emotions are thrown in the thoughts and mixed with faith, the subconscious mind gets charged up and ensures that the same gets materialized.  It may sound slightly cheeky to you, but this concept has been proven scientifically and has been used by top performers.

When you are speaking your affirmations loudly, feel as if you have already got what you want and you are already in possession of your desired object.   If your desire is to clear the exams then whilst speaking your affirmations completely submerge yourself with the thought that you have already received the CA degree and behave the way you would behave when the results would be out in July 2015.  Have the same feeling that you would have when you would see your results.  Have complete faith that whatever you are speaking is going to get the desired result for you.    

3.            Be consistent

Whatever you do, be consistent with it.  Whether it is following the schedule you have prepared at the beginning or revision that you do everyday before you pick up any new topic or saying affirmations to yourself 5-6 times a day.  Be highly consistent with your actions.  Remember – “Consistency is the key to mastery”.

4.            Have a Bubble around you

At this stage it is critical to cancel all the noises around you and completely focus on studies.  There should not be anything that should take priority than your studies, food and rest.  These are the only 3 things that should form part of your life for the next 45 days and until the exams are over.

Create a mental bubble around you so that nothing else other than the 3 things I mentioned above enter your life.  If there is anything else, just don’t allow it.  Do this consciously and do it well.  You cannot afford to play with your career and with your parents and friends expectations. Just Do It!

5.            Don’t try to do too many things

I am sure you would know it but its better if not too many experiments are done at this point of time.  You have nearly 45 days left and therefore, it is critical to be calm, positive and just revise whatever you have studied so far.  It might be much better to revise properly what you have already studied so far, rather than studying new topics.

I would like to end this article with a beautiful quote:

“If you want something you never had, you have got to do something you have never done”

Wishing you all green lights and loads of good luck…

------------------------------------------------------------------------------------------------
Authored by Nimish Goel (www.nimishgoel.com), a qualified chartered accountant who’s passion is to coach young chartered accountants and aspiring students achieve the best in their life.  Nimish used to work with EY and PwC in India and has also worked with KPMG in Europe.  He now runs his own consulting company and runs a blog www.nimishgoel.com.  He can be reached for any queries and issues on his blog. 










Hindustan Steelworks Construction Limited (HSCL) Recruitment 2015


Job Profile : Finance Officer
Department: Finance
Qualification: I.C.W.A. / C.A. / I.C.W.A. (Inter.) / C.A. (Inter.)
Criteria: I.C.W.A. / C.A. should have 1-3 years of experience and I.C.W.A. (Inter.) / C.A. (Inter.) should have 8-10 years of experience. Experience in infrastructure industries and PSUs will be preferred. Retired executives of PSUs / Govt. Departments are encouraged to apply.
Location : North-East India


Job Profile : Senior Finance Officer
Department: Finance
Qualification: I.C.W.A. / C.A. / I.C.W.A. (Inter.) / C.A. (Inter.)
Criteria: I.C.W.A. / C.A. should have 4-9 years of experience and I.C.W.A. (Inter.) / C.A. (Inter.) should have 11-15 years of experience. Experience in infrastructure industries and PSUs will be preferred. Retired executives of PSUs / Govt. Departments are encouraged to apply.
Location : North-East India


Job Profile : Finance Manager
Department: Finance
Qualification: I.C.W.A. / C.A. / I.C.W.A. (Inter.) / C.A. (Inter.)
Criteria: I.C.W.A. / C.A. should have 9-12 years of experience and I.C.W.A. (Inter.) / C.A. (Inter.) should have 16-19 years of experience. Experience in infrastructure industries and PSUs will be preferred. Retired executives of PSUs / Govt. Departments are encouraged to apply.
Location : North-East India 



Last date to receive application form: 28/03/2015

For More information click Here.















Empanelment of members for the assignment of “Checkers” for CA examinations to be held in May, 2015. - (20-03-2015)

Checking of totaling of marks etc in the answer books of CA examinations, after they have been evaluated by the examiners, is being assigned/carried out by members of the Institute, who are empanelled for the purpose.

Accordingly, application are herby invited from members ( up to 15 years experience) to act as “Checkers” for checking the totaling of marks etc in the answer books, in respect of the CA examinations to be held in May, 2015.

For details regarding eligibility requirements to act as Checkers, functions of checkers, honorarium payable, terms and conditions etc. (please click here)

It may be noted that a fresh panel of checkers is prepared for every examination. Hence those who had empanelled as Checkers for earlier examinations are also required to apply online afresh.

Members, who are desirous of empanelling as Checker for May, 2015 examinations, may click here. And submit their applications on or before 10th April, 2015.

Members who are allotted assignments of checker will be informed through e-mail / letter between 20th to 30th May, 2015.

For any further clarifications / assistance, contact examchecker@icai.in or call at 0120 – 3054 812, 3054 858 or 4953 758.
Examination Department












Empanelment of “Writers” for Chartered Accountants examination - (18-03-2015)

The concessions extended by the Institute of Chartered Accountants of India, to differently abled candidates, in CA examinations, inter alia include a) compensatory time and/or b) writer (scribe). Detailed guidelines in this regard are hosted in the students>examination section of www.icai.org 

Institute is in the process of building a panel of writers (scribes), in various cities, who can act as “writers” for differently abled candidates in CA examinations and invites applications from eligible persons who are studying in recognized schools, colleges and other educational institutions for empanelment as “Writers” in the following cities: 

Delhi, Mumbai, Chennai, Kolkata, Kanpur, Jaipur, Ahemdabad, Pune, Bangalore, Hyderabad, Chandigarh, Bhubaneswar, Guwahati, Indore and Ludhiana. 

The eligibility for becoming a writer is given below: 

Examination
Educational Qualification of writer
CPT
10th class/Matriculation passed.
Final/Intermediate[IPC]
Under Graduate students. (Registered students of CA/CWA/CS course, passed Final examination and a member of the ICAI, ICWAI and ICSI are not eligible to act as a writer).


A writer will be eligible for a honorarium of Rs. 500/-(Rupees five hundred only) per paper/two sessions of Common Proficiency Test (CPT)

Those who are desirous of empanelling themselves may send their handwritten application in the prescribed format (Click here) at the following address, on or before 30th April, 2015. 

The Deputy Secretary (Exams)
The Institute of Chartered Accountants of India
‘ICAI Bhawan’
Indraprastha Marg,
New Delhi – 110002 



(B. Muralidharan)
Deputy Secretary (Exams.)












Godrej - Vacancy for Chartered Accountant and ICWA





About the Business
Godrej Aerospace caters to the precision & high-tech manufacturing requirement of Aerospace Industry. It is now staged to explore the domestic & global Aircraft Industry as trusted partners & by participating in offset programs of Government of India.
Job Profile
Key Responsibilities
1. Cost Management
2. Financial Accounting
3. MIS on Business Performance
4. Compliance with Direct and Indirect Tax Laws
Job Description
1. Cost Management, Computation of project costs and Cost Audits
2. Financial accounting, Statutory Audit and Internal Audit.
3. Preparing MIS Reports and highlight variances wrt Plans.
4. Valuation of Inventories as per Accounting Standards
5. Ensuring compliance of all Direct and Indirect Tax Laws, Tax Audit within the Division and Comply with Statutory Requirements
6. Ensuring that all credits for Cenvat, VAT and Service tax are claimed
7. Working capital Analysis
8. Fixed Assets Accounting
9. Controlling over Accounts Payable, Accounts Receivable and Expense Accounting systems
10. Development of Systems pertaining to Cost and Financial Accounting with appropriate controls
11. Assisting Finance Head in Annual Business Planning, in controlling costs and in improvement initiatives like Business Excellence, Risk Management
12. Valuing the information received, effort spent in creating every piece of information
13. Ensuring that the right information is accessed by right individuals
14. Ensuring Confidentiality, Integrity and Availability of information

Qualification Details
Essential Qualification: Chartered Accountant / ICWA
Preferred Qualification: --
Experience Details
Essential Experience: 5 years of work experience
Preferred Experience: --
Special Skill

- Analytical skills
- Communication skills
- Interpersonal skills
- Result Orientation
- Process Orientation
- Computer Savvy
- Knowledge Of:
1. ERP
2. Systems development



For more Information and to Apply online click Here.


To apply online 










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