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CMA Relevant Amendments & Clarification Dec 2015 Exam

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CMA Relevant Amendments & Clarification Dec 2015 Exam, Clarification for December 2015 term of Examination Relevant Information for CMA Dec 2015 Exam. we are providing CWA/ICMAI/CMA Final and Inter Relevant Amendments Applicable For Dec 2015 Exam. Check Companies act 2013 section applicable for CMA Final exam December 2015. We Provide Information in This Article Like Applicability of Companies Act 2013 For CMA Dec 2015 exam, Applicability of Finance Act 2014 For CMA June 2015 Exam Etc. You Can Find all Amendments Applicable For CMA June 2015 & Dec 2015 Exam in this article. Now You can Scroll Down Below and See all Relevant Amendments Applicable For Dec 2015 Exams.

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CMA Relevant Amendments & Clarification Dec 2015 Exam

CMA Relevant Amendments

Relevant Amendments for CMA Dec 2015 Exams

Clarification for December 2015 term of Examination. This is to bring to the notice for further clarification to all concerned that the followings shall be applicable for December 2015 term of Examination

Companies Cost Records & Audit) Rules, 2014

Note: (This is already applicable since June-2015 Exam) Companies Act,2013

Applicable for CMA Inter and CMA Final

Reference Papers

  • Paper 10 – Cost & Management  Accountancy – Section B (group II) (CMA Inter)
  • Paper 19 – Cost & Management  Audit ( Group IV) (CMA Final)

Applicability of Companies Act, 2013

Note: Final There are some sections of Companies Act 2013 which is not yet enforced. Hence for Those corresponding sections of Companies Act,1956 as applicable for Examination of the institute is to be referred.

Applicable for CMA Inter and CMA Final

Reference Papers

  • Paper 6 – Laws, Ethics & Governance (Group I)
  • Paper 12 – Company Accounts & Audit ( Group II)
  • Paper 13 – Corporate Laws & Compliance ( Group III)
  • Paper 18 – Corporate Financial Reporting ( Group IV)
  • Paper 19 – Cost and Management Audit (Group IV)

CARO, 2015 – Companies(Auditor’s Report) Order, 2015

Applicable for CMA Inter and Final

Reference Papers

  • P12 – Company Accounts & Audit
  • P13 Corporate Laws & Compliance

Important Article – CARO 2015 For CMA December 2015 Exams

Finance Act,2014 Assessment Year 2015-16

CMA Intermediate

P7 – Direct Taxation

Wealth Tax Act,1957 since repealed as per Finance Act,2015, hence, excluded from December 2015 term)

Wealth Tax is excluded.

Revised weightage:

Income Tax (75 marks)
International Taxation(25 marks)

P11 – Indirect Taxation – As per Finance Act,2014

CMA Final

P16 – Tax Management and Practice – Wealth Tax is excluded.

Note 

(l)Foreign Trade Policy,2015 is not made applicable for December 2015 term of Examination. However, it shall be made applicable from June 2016 term of Examination

(2)Amendments made through Finance Act,2015 – for Indirect Taxation is not made applicable for December,2015 term of Examination. Hence, as per the prevailing procedure, the amendments prescribed vide Finance Act, 2015 shall be made applicable for June 2016 and December 2016 terms of Examination.

(3)Wealth Tax Act,1957, since repealed vide Finance Act,2015 – is excluded from December 2015 term of  Examination.

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Applicability of CAR, CARR, CAS ( 1-22) and CASS (1-4)

  • CAR and CARR (shall be applicable based on notification by the Ministry of corporate Affairs, Government of India) – shall be applicable from the date of notification in official gazette of the Government.
  • In case of change / amendments pronounced in CAR and CARR as per regulations prescribed under sec. 148 of the Company Act. 2013 pronounced having less than six months, then for June 2015 term of examination, CAR-2011 and CARR-2011 shall be applicable. If the time period is more than six months, than the revised CAR and CARR shall be applicable for the month of June 2015 and December 2015 term of Examination
  • Cost Accounting Standards (CAS) (1-22) and Cost Audit & Assurance Standards (CAAS) (1-4) shall be Applicable for June 2015 And Dec 2015 term of Examination.
  •  This shall cover both syllabus 2008 and Syllabus 2012 subject/papers, As Applicable.
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9 comments

  1. Sir,

    Please notify the amendments in December 2015.

    • Sir,

      Please notify the intermediate group 1 amendments of new syllabus in December 2015 exam.

      Thanks & Regards
      Juhi

  2. Dear sir, I am student of CMA inter belonging to old syllabus I.e2008 ,
    Caro is applicable for this examni.e June 2015

    Sir please replay
    Thanks &Regards
    Susil nayak

  3. SHIV RATAN SINGH

    Sir,. i m a student of CMA belonging to Old Syllabus i.e 2008. what are the chapters on which the companies act 2013 will be applicable in LAw & Audit.Is there any changes in Law Syllabus.AS the chapters are: Industrial LAw, Sale Of Goods Act,Contract Act….Is there any amendment in the old syllabus.
    Sir. Please reply.
    Thanks & Regards
    Shiv Ratan Singh.

    • SHIV RATAN SINGH

      Sir,. i m a student of CMA belonging to Old Syllabus i.e 2008. what are the chapters on which the companies act 2013 will be applicable in LAw & Audit.Is there any changes in Law Syllabus.AS the chapters are: Industrial LAw, Sale Of Goods Act,Contract Act….Is there any amendment in the old syllabus.
      Sir. Please reply.
      Thanks & Regards
      Shiv Ratan Singh.

    • Sir I’m 2008 sylbus inter group 1 student.pls send me law audit, accounts,income tax subjects amendment exam for June 2015

  4. sir pls tell me which subjects will remain d same i mean will companies act 2013 have any impact on busniess law and ethics and governence or will it change only corporate law..
    2.which chapters of direct tax r same as last time i mean which chapters have no amandments? does finance act 2014 have any impact on international taxion(in cma inter) ..
    3.what will be the changes in cost and fm
    pls reply..

  5. Sir, please notify the cma-inter amendments applicable for june2015

    • Hi Pavan

      These Amendments are applicable or Relevant For CMA Inter and CMA Final – Both Levels. If New Amendments are Available We will Updated You. Subscribe our Mailing List for More Future Updates.

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