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Posted Date : 05-Mar-2014 , 08:18:36 am | Posted By CASANSAAR
The Council of the Institute (ICSI) at its 220th meeting held on 20.12.2013 has revised and fixed separately the minimum amount of stipend payable to CS Executive Pass students and CS Professional Pass students as under: Trainer Executive Pass Rs./per month Professional Pa...
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Posted Date : 04-Mar-2014 , 08:45:08 am | Posted By CASANSAAR
Aspiring chartered accountants will soon get their lessons through the DTH platform, with Institute of Chartered Accountants of India (ICAI) entering into an agreement with the HRD Ministry to make this possible. ICAI will be utilising DTH education channels of the Ministr...
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Posted Date : 04-Mar-2014 , 08:38:18 am | Posted By CASANSAAR
The Supreme Court on Monday asked Nokia India Pvt Ltd to come up with a concrete proposal to settle its tax row with the income tax department. A bench, headed by justice A R Dave, decided to hear the matter on March 11 after Nokia's counsel submitted there was a need for an early...
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Posted Date : 03-Mar-2014 , 07:07:48 pm | Posted By CASANSAAR
The Reserve Bank of India has extended the date for exchanging the pre-2005 banknotes to January 01, 2015. The central bank has asked banks to facilitate the exchange of these notes for full value and without causing any inconvenience to the public. The RBI clarified that the public can con...
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Posted Date : 03-Mar-2014 , 04:33:00 pm | Posted By CASANSAAR
Now you no longer have to dial 139 or visit the rail website to check the status of your waitlisted ticket as the railways will now send booking status messages to passengers on mobile phones, if the tickets get confirmed before the journey. “For the last 10 days the trial was going o...
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Posted Date : 03-Mar-2014 , 08:26:25 am | Posted By CASANSAAR
Playing the governance and transparency card, the Company Secretaries Institute has urged the Corporate Affairs Ministry to revisit the proposed criteria for mandatory secretarial audit in companies. The new company law has stipulated secretarial audit for certain companies including listed...
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Posted Date : 03-Mar-2014 , 08:24:56 am | Posted By CASANSAAR
In the four-year period between April 1993 and March 1997, as many as 4,005 companies entered the capital markets with their initial public offerings (IPOs) to raise an aggregate of Rs 41,319 crore. The IPOs accounted for more than 9 per cent of the average market capitalisation of Bombay Stock Exch...
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Posted Date : 02-Mar-2014 , 08:30:29 pm | Posted By CASANSAAR
The crisis-hit United Bank of India, which has run into losses amid suspiciously high bad loans, now faces fresh probes for possible lapses related to auditing and corporate governance norms. Capital market regulator Sebi has received complaints about possible violations to its corporate go...
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Posted Date : 01-Mar-2014 , 09:28:32 pm | Posted By CASANSAAR
The next time you shop online or make payment from your debit or credit card at a retail outlet or buy or sell a property, make sure you have filed your income tax return and cleared all dues. After Central Processing Centres (CPC) for income tax returns and Tax Deducted at Sour...
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Posted Date : 01-Mar-2014 , 10:18:57 am | Posted By CASANSAAR
The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India has issued Guidance Note on Audit of Banks 2014 edition. For the benefit of members, complete text of the Guidance Note along with the accompanying appendices etc. ca...
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Posted Date : 01-Mar-2014 , 08:59:19 am | Posted By CASANSAAR
Corporate India wants the income tax law to be clarified upfront so that their CSR spend will be eligible for deduction for income tax purposes with effect from April 1 next year. The new corporate social responsibility (CSR) framework comes into effect from April 1. There is no ex...
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Posted Date : 01-Mar-2014 , 08:53:48 am | Posted By CASANSAAR
The government will take a decision on withdrawal of conciliation offer to Vodafone for resolving the Rs. 20,000 crores tax dispute after a transfer pricing case concerning the UK telecom giant is settled. "The Cabinet has decided to instruct the Income Tax Appellate Tribunal (ITA...
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Posted Date : 01-Mar-2014 , 08:43:48 am | Posted By CASANSAAR
With eyes on Assembly elections this year, Congress-led Haryana government on Friday presented a tax-free Budget for 2014-15, with major allocations being made for education, power and social justice and empowerment. Presenting Bhupinder Singh Hooda led state government's last budget ah...
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Posted Date : 28-Feb-2014 , 09:31:11 pm | Posted By CASANSAAR
The Finance Minister has allowed retirement fund body EPFO to become a member of a stock exchange although its trustees oppose parking even a part of its over Rs. 5 lakh crore corpus in equities. The Department of Economic Affairs has issued a notification under the Securities Contracts (...
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Posted Date : 28-Feb-2014 , 07:09:57 pm | Posted By CASANSAAR
28th February 2014 Currently, certified photo copies of evaluated answer books are being provided to the examinees who apply for the same, in accordance with a scheme formulated for the purpose.With a view to ensure faster delivery of certified copies to the applicants, it has now been decided to m...
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Posted Date : 28-Feb-2014 , 06:41:48 pm | Posted By CASANSAAR
The government also approved the terms of reference of the 7th Pay Commission, a move which would pave the way formerger of 50 per cent DA with the basic pay. According to an official, now the Commission can suggest the merger in its interim report. The 50 per cent DA merger with basic p...
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Posted Date : 28-Feb-2014 , 06:39:06 pm | Posted By CASANSAAR
The Union Cabinet today gave its approval to the Terms of Reference of 7th Central Pay Commission (CPC) as follows:- a) To examine, review, evolve and recommend changes that are desirable and feasible regarding the principles that should govern the em...
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Posted Date : 28-Feb-2014 , 11:13:01 am | Posted By CASANSAAR
Sahara chief Subrata Roy surrendered before the Lucknow police on Friday. Roy's legal counsel Ram Jethmalani has confirmed that his client has surrendered before the police. Roy will remain in police custody till March 04. Jethmalani's had earlier made submission that Roy be granted exemption from...
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Posted Date : 28-Feb-2014 , 08:42:52 am | Posted By CASANSAAR
Deloitte Haskins & Sells, the auditor of Multi Commodity Exchange (MCX), is understood to have objected to a special audit report on the exchange by PricewaterhouseCoopers (PwC). Earlier, the Forward Markets Commission (FMC) had asked PwC to carry out a special audit of MCX, since the exchange&r...
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Posted Date : 28-Feb-2014 , 08:39:20 am | Posted By CASANSAAR
The Securities and Exchange Board of India’s new rules to curb swindle by promoters in share buybacks could face a blockade as the law ministry has backed the ministry of corporate affairs’ claim that the market regulator was not empowered to change the regulations. The department of le...
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Posted Date : 28-Feb-2014 , 08:36:12 am | Posted By CASANSAAR
An expert committee appointed by the Reserve Bank of India has sought minutes of board meetings from banks, a move that bankers said could be aimed at ascertaining the role of shareholder promoters in influencing the day-to-day functioning of the lenders.The Nayak committee set up to review the gove...
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Posted Date : 28-Feb-2014 , 08:21:49 am | Posted By CASANSAAR
In one of the biggest scams of recent times, the Central Bureau of Investigation has recovered documents from the premises of Delhi—based real estate company, PACL — also known as 'Pearls'— and its sister company PGF, showing that they allegedly used ponzi scheme to cheat...
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Posted Date : 27-Feb-2014 , 04:46:55 pm | Posted By CASANSAAR
Notifications were issued here today to give effect to Section 135 and Schedule VII of the Companies Act, 2013, which relate to CSR (Corporate Social Responsibility) related spending by companies. Shri Sachin Pilot, Minister for Corporate Affairs, has said that the concerned rules have been finalise...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 422
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Posted Date : 27-Feb-2014 , 08:35:35 am | Posted By CASANSAAR
The Reserve Bank of India has moved in to make it difficult for corporate borrowers to escape repaying banks for their loans. In less than a month after putting up a plan for better fire-fighting against bad loans, RBI Governor Raghuram Rajan has finalised the rules for Indian banks. The no...
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Posted Date : 27-Feb-2014 , 08:33:45 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) has sought the law ministry's opinion on the course of action to be taken against Financial Technologies IndiaBSE 1.40 % after an inspection found the company of violating regulations, a senior MCA official said. An inspection of the Jignesh Shah-promoted comp...
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Posted Date : 26-Feb-2014 , 10:59:55 pm | Posted By CASANSAAR
The Council, at its 331st meeting held on 10th to 12th February, 2014, has approved an upward revision in fee charged by the Expert Advisory Committee for giving its opinion. The approved fee is given below: Rs. 75,000/- per query where the query relates to: an enterprise whose equity or debt...
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Posted Date : 26-Feb-2014 , 08:54:05 pm | Posted By CASANSAAR
The Supreme Court on Wednesday issued non bailable arrest warrant against Sahara Chief Subrata Roy for his failure to appear before it in connection with the case in which his two companies have been directed to refund Rs 20,000 crore to investors. “We had already declined on Tuesday ...
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Posted Date : 26-Feb-2014 , 08:51:07 pm | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has extended the time-limit for filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014 for returns e-filed with refund claims within the time allowed under section 139 of the Income Tax Act. Though time f...
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Posted Date : 26-Feb-2014 , 02:00:15 pm | Posted By CASANSAAR
The Congress-led United Progressive Alliance (UPA) is likely to take a major decision of increasing the retirement age of Central government employees by two years, from 60 to 62 this week. This would be applicable from March 1. It would be one of the major decisions to be ...
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Posted Date : 26-Feb-2014 , 08:46:31 am | Posted By CASANSAAR
To boost trading volumes and investor participation in the commodity futures market, regulator FMC has given freedom to national level bourses like MCX and NCDEX to charge different transaction fee. Currently, the commodity exchanges are collecting transaction charges from investors as per ...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
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- Bank Branch Statutory Audit Updates 2019
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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
Professional News For CA,CS,CMA.Fresh Accounting News Articles On Income Tax,Service Tax,Sales Tax, Vat,Company Law,RBI,CAG,Custom,Excise On CASANSAAR
