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CA Exam
PAPER – 1 : FINANCIAL REPORTING
PART – I : RELEVANT AMENDMENTS, NOTIFICATIONS AND ANNOUNCEMENTS
A.

Applicable for November, 2013 examination

(i)

Securities and Exchange Board of India Mutual Funds (Amendment) Regulations,
2013
In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board vide notification No. LAD-NRO/GN/201314/03/5652 dated April 16, 2013 had made amendment to the Securities and Exchange
Board of India (Mutual Funds) Regulations, 1996. These Regulations may be called as the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations,
2013. The SEBI (Mutual Funds) (Amendment) Regulations, 2013 can be downloaded from the link http://www.sebi.gov.in/cms/sebi_data/attachdocs/1366172455558.pdf

(ii) Securities and Exchange Board of India (Stock Brokers And Sub-Brokers)
(Amendment) Regulations, 2013
In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board vide notification No. LAD-NRO/GN/201314/01/8129 dated April 5, 2013 had made amendment to the Securities and Exchange
Board of India (Mutual Funds) Regulations, 1996. These Regulations may be called as the Securities and Exchange Board of India (Stock Brokers and Sub-brokers)
(Amendment) Regulations, 2013. The SEBI (Stock Brokers and Sub-brokers)
(Amendment) Regulations, 2013 can be downloaded from the link http://www.sebi.gov.in/cms/sebi_data/attachdocs/1365161667044.pdf (iii) Presentation of Foreign Currency Monetary Item Translation Difference
Account (FCMITDA)
In the Revised Schedule VI format, no line item has been specified for the presentation of “Foreign Currency Monetary Item Translation Difference Account (FCMITDA)”.
Therefore, the Council of the Institute at its 324th meeting held on March 24-26, 2013 at
New Delhi, decided that debit or credit balance in FCMITDA should be shown on the
“Equity and
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