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Posted Date : 18-Apr-2014 , 08:27:40 am | Posted By CASANSAAR
The Ministry of Corporate Affairs today said efforts are being made to resolve difficulties faced by various professional entities, including company secretaries and auditors, with regard to new companies law. There have been discontent in some quarters related to certain rules under the...
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Posted Date : 18-Apr-2014 , 08:26:17 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has taken upon itself the task of investigating bank frauds after a series of inquiries by banks themselves in high-profile cases such as those involving Deccan ChronicleBSE 1.81 % and Kingfisher Airlines yielded very little. The Board of Financial Supervision (B...
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Posted Date : 17-Apr-2014 , 01:07:29 pm | Posted By CASANSAAR
Chartered accountants, cost accountants and company secretaries—three classes of professionals recognized under the statute— have protested against the notification of the new companies law, with each saying that they will be hurt by it in various ways. While chartered accountants a...
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Posted Date : 17-Apr-2014 , 01:03:32 pm | Posted By CASANSAAR
In a judgement with far-reaching consequences across various business sectors, the Supreme Court on Thursday ruled that the Comptroller and Auditor General (CAG) was empowered to examine the accounts of private telecom companies. The court held that such a scrutiny was imperative ...
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Posted Date : 16-Apr-2014 , 09:26:33 pm | Posted By CASANSAAR
1. The next Eligibility Test for ISA PQC is scheduled to be held on Saturday the 10th May, 2014 from 08.00 a.m. to 12.00 p.m. A detailed notification giving list of centers would be hosted on Committee Portal at http://cit.icai.org by 15th April, 2014. 2. Attendance of members, wh...
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Posted Date : 16-Apr-2014 , 09:13:39 pm | Posted By CASANSAAR
Election Commission has written to the CBDT seeking cancellation of income tax exemption given to certain political parties as they failed to submit their mandatory expenditure contribution reports on time to the poll body. The Central Board of Direct Taxes, sources said, h...
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Posted Date : 16-Apr-2014 , 09:20:27 am | Posted By CASANSAAR
In a landmark verdict, the Supreme Court granted legal recognition to transgenders or eunuchs as third category of gender and directed the Centre and all states to treat them as socially and educationally backward classes to extend reservation in admission in educational institutions and f...
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Posted Date : 16-Apr-2014 , 09:13:27 am | Posted By CASANSAAR
The Income-Tax Department will now get an opportunity to protect the interests of the Revenue in reconstruction or amalgamation schemes filed for approval before various High Courts. The Central Board of Direct Taxes (CBDT) has directed the Chief Commissioners of Income-Tax (CCITs) to ensur...
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Posted Date : 15-Apr-2014 , 10:10:04 pm | Posted By CASANSAAR
Former RBI governor Bimal Jalan on Monday said the managements of public sector banks, and not the finance ministry, should be held accountable for the wrong assessment of credit worthiness to check the rising number of bad loans. “If you put public sector banks in one bracket and oth...
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Posted Date : 15-Apr-2014 , 08:24:23 am | Posted By CASANSAAR
Are you receiving emails or telephone calls from banksadvising you to invest in recurring deposits because there is no tax deducted at source (TDS) in this case? Remember, such investments aren’t tax-free. No TDS merely means the bank will pay you the entireinterest&n...
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Posted Date : 15-Apr-2014 , 08:10:15 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) has made a pitch for including additional financial concepts related to capital markets in school syllabus. The market regulator said it has followed up with Central Board of Secondary Education (CBSE) and HRD Ministry on the proposal and ha...
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Posted Date : 14-Apr-2014 , 08:45:58 am | Posted By CASANSAAR
CA Anand Agarwal, Age 26 ,who was posted in Assam for in service with Eastern Coal field ltd. He was found dead in his room on 04.04.2014. He was poisoned through Dinner. A news paper circulated this sad news. Police is not taking any substantial action due to possible involvement of Coal mafias a...
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Posted Date : 14-Apr-2014 , 07:26:52 am | Posted By CASANSAAR
The firm that promotes the bank should be wholly owned by the promoter group and 50% of the directors of the NOFHC should be independent directors The Reserve Bank of India is unlikely to allow the promoters of private banks to become CEOs when it allows new banks to come up. ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 443
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Posted Date : 14-Apr-2014 , 07:21:43 am | Posted By CASANSAAR
Worried over corporates defrauding revenue by mergers and acquisitions, the Finance Ministry has asked its officials to ensure that such deals do not result in loss to the exchequer. The revenue officials, CBDT said in a communication to Chief Commissioners, should raise concern...
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Posted Date : 13-Apr-2014 , 07:49:35 am | Posted By CASANSAAR
A working group set up by the Reserve Bank of India (RBI) on pricing of credit has said that floating interest rates on existing loans charged by banks need not change with every change in the Base Rate of banks. Instead, it has said the covenant of floating rate loans may have mandatory r...
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Posted Date : 12-Apr-2014 , 11:46:17 am | Posted By CASANSAAR
Justice RM Lodha, the senior most judge of the Supreme Court, has been recommended as the next Chief Justice of India, the Law Ministry said on Friday. "In exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the President is pleased to appoint Shr...
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Posted Date : 12-Apr-2014 , 11:34:13 am | Posted By CASANSAAR
The National Stock Exchange on Friday came out with new guidelines for the futures and options segment as part of strengthening risk management measures to ensure orderly trading on the bourse. The new framework would come into effect from May 5 and would initially be applicable "...
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Posted Date : 11-Apr-2014 , 05:22:47 pm | Posted By CASANSAAR
The Corporate Affairs Ministry is hoping to find a solution to the structural problem that company secretaries are facing, after the notification of rules under the new company law. The rules had completely exempted a private limited company (irrespective of its paid-up capital) from the re...
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Posted Date : 11-Apr-2014 , 08:48:27 am | Posted By CASANSAAR
The Reserve Bank today said existing guidelines on interest rates for overseas borrowings will continue for another three months. "On a review, it has been decided that the all-in-cost ceiling...will continue to be applicable till June 30, 2014, and is subject to review thereafter. All other as...
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Posted Date : 11-Apr-2014 , 08:47:01 am | Posted By CASANSAAR
The income tax department has directed the management of the Deccan Chronicle Holdings Ltd (DCHL) to get the accounts of the company audited by an authorized auditor after receiving information about procedural irregularities in the company. Since the cloud of doubts is centered...
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Posted Date : 10-Apr-2014 , 07:19:41 pm | Posted By CASANSAAR
Capital markets watchdog Sebi is in process of cracking its whip soon on various illicit money-pooling schemes in West Bengal, which has already seen regulatory actions against some entities linked to Saradha and Rose Valley groups. According to sources, those currently under scanne...
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Posted Date : 10-Apr-2014 , 07:11:37 pm | Posted By CASANSAAR
A panel set up by the Reserve Bank of India (RBI) has recommended that banks' base lending rate should be based on the marginal cost of funds if their average deposit tenure is on the lower side. The panel, which was headed by RBI Deputy Governor Anand Sinha, had been set up to bring in tra...
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Posted Date : 10-Apr-2014 , 08:38:35 am | Posted By CASANSAAR
United Bank of India — which brought down its gross non-performing assets (NPAs) by over R2,000 crore in the January-March quarter last fiscal — will soon approach the RBI for the removal of a R10-crore single-borrower threshold for advancing fresh loans. Pointing out its succes...
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Posted Date : 10-Apr-2014 , 08:14:05 am | Posted By CASANSAAR
For convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRSs), a Press Release (No.2/2010) laying down roadmap for application of converged Indian Accounting Standards (Ind AS) by companies (other than Banking companies, Insuran...
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Posted Date : 10-Apr-2014 , 07:59:03 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish. By paying just ...
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Posted Date : 09-Apr-2014 , 12:30:56 pm | Posted By CASANSAAR
We are getting Lots of Call for CASANSAAR New Initiative - Web site for Professsionals. On the Basis of Such Calls We have Prepared some Frequently Asked Questions. (FaQ). Q. How Much Charges for a Website? Just Rs. 2100/- PA. (It Includes Domain Charges, Hosting Charges, Designing ...
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Posted Date : 09-Apr-2014 , 08:32:48 am | Posted By CASANSAAR
Top-notch audit firms Deloitte and BSR and Co, a preferred partner of KPMG, will be barred from auditing the books of India's largest commodity bourse, MCX, whose dealings with group entities have come under regulatory glare. Commodity market regulator Forward Markets Commission (FMC) has direc...
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Posted Date : 09-Apr-2014 , 08:30:14 am | Posted By CASANSAAR
The constant fear of being haunted by the Central Vigilance Commission (CVC) for taking an incorrect decision may be a thing of the past for the government-owned banks if the Reserve Bank of India (RBI) has its way. The CVC, an authority set up to weed out corruption among government-owned unit...
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Posted Date : 09-Apr-2014 , 08:27:45 am | Posted By CASANSAAR
The tax department received 232 applications from MNCs in 2013-14, up 60 per cent year-on- year, to obtain advance ruling over pricing arrangement for transactions within group firms and the ensuing tax liability. In 2012-13, 146 companies had applied for Advance Pricing Agreement, a mechanism ...
Continue Reading... Category : International Business | Comments : 0 | Hits : 407
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Posted Date : 08-Apr-2014 , 09:19:15 pm | Posted By CASANSAAR
CLARIFICATION Applicability of the Companies Act, 2013 to Auditor’s Report to FY 2014-15 and Onwards The Ministry of Corporate Affairs, on 26th March 2014 notified a majority of the remaining sections of the Companies Act, 2013, including sections 139 to 148, relating to audi...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
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- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
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