18th march 2008, NCASA held meeting at babarmahal , discussion about some of major agenda like recognition of NCASA by Institute of chartered accountants of Nepal. And student council members and president, vice president are nominated from active members.
AGM of NCASA was decided to be held on April 4, 2009.
Invitation to all chartered accountants students of Nepal.
Extracts of Important Circulars Issued By Nepal Rastra Bank :
1. Promoter share holders are permitted to invest in right share of
the institution in advance provided the stipulated conditions
regarding general meeting, uses of fund and proper accounting
has been followed.
2. The Conditions to be fulfilled by the banks/financial institutions
for merger and acquisition or up gradation of the institution has
been issued by NRB in addition to the existing requirements. It
focuses on requirement of duly filled form, capital adequacy
requirements, financial performance of last five years, non
performing assets and other requirements as mentioned.
3. All types of Shares, other than initial public offer, issued to foreign
or indigenous promoter, promoter group and private placement
are considered to be the promoter/promoter group shares for
the purpose of regulatory application of Nepal Rastra Bank.
4. NRB has also implemented Basel II by making it as friendly as
possible in context of Nepal. Due to this the provisions regarding
capital adequacy and risk weighted assets has been amended
making the core capital ratio rise to 6% and total capital ratio to
be maintained at minimum of 10%. The risk has been assigned
from 0% to 150% and reporting requirements has been made
compulsory on monthly basis as compared to previous
requirement of quarterly reporting
Compiled by "Pasang C.Lama" Ca Finals
Contact no :- 9841 33 99 41
March 9, 2009 Monday, students of Nepal chartered accountant protested against the illegitimate demand of registered auditor's for demanding COP of fist class category. Students of chartered accountants protested heavily against this and compelled the registered auditors to open the lock on ICAN's door which they have locked for more than 2 days to get their demands accepted. All students stood heavily against it and shouted slogans like.
"Exam de, CA Ban"
"Talabandi Gardai ma,
CA bannu paudena"
"Bidhyarthi Ekta Zindabad."
Students from foundation level to final level came to show their unity towards the same cause.
However some of the final level students who did not cared to show their support, besides getting information are following.
Hope someday they will learn to believe in themselves and start to fight for their rights.
Pasang Chunda Lama
CA finals
