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Posted Date : 12-Dec-2013 , 05:49:14 pm | Posted By CASANSAAR
Further to para 7 of the Press Release dated October 25, 2013, wherein it was stated that decision about the five (5) proposals will be communicated separately, the Government of India has approved two (2) proposals of Foreign Direct Investment (FDI) amounting to Rs. 97.85 crore. &nb...
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Posted Date : 12-Dec-2013 , 01:38:53 pm | Posted By CASANSAAR
Finance Minister P Chidambaram today called for better information sharing among various agencies of the government to check tax evasion. "I think organisations must come forward to share information withDRI (Directorate of Revenue Intelligence), just as DRI must come forward to share inf...
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Posted Date : 12-Dec-2013 , 08:39:43 am | Posted By CASANSAAR
As poll season gathers momentum, the CBDT has brought out a 19-point fresh standard format for 'Electoral Trusts', created by corporate and business houses to fund political parties. The checklist has been devised as such that the business firm could enumerate all relevant details about the c...
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Posted Date : 11-Dec-2013 , 07:03:48 pm | Posted By CASANSAAR
To mitigate the hardship of small investors and to expedite disposal of cases pending before the Company Law Board the first ever “Lok Adalat” was successfully held at the Company Law Board, Mumbai Bench at Mumbai on 07-12-2013. The initiative to hold Lok Adalat in Company Law Board take...
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Posted Date : 11-Dec-2013 , 10:49:34 am | Posted By CASANSAAR
The Supreme Court today said gay sex between consenting adults remains a criminal offence, in a major setback for the largely closeted homosexual community in India. The top court today said that the Delhi High court's 2009 order decriminalising homosexuality is constitutionally unsustainable...
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Posted Date : 11-Dec-2013 , 08:49:27 am | Posted By CASANSAAR
Regulators suspect the audits of several banks to be out of this world— not because of their high quality but because they are signed by deceased accountants.The authorities, who claim they are gravely concerned, will discuss the problem at the next meeting of the Financial Stability Developme...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 2008
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Posted Date : 11-Dec-2013 , 08:41:22 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) has sought details of progress made in the investigation of the beleaguered National Spot Exchange Ltd (NSEL) case which faces Rs 5,600 crore payment crisis. “The MCA is in touch with us. They have sought details of progress made in NSEL inves...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 268
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Posted Date : 10-Dec-2013 , 07:17:12 pm | Posted By CASANSAAR
To deal with insider trading and other offences in securities market, SEBI’s international advisory board today suggested steps like ‘naming and shaming’ of culprits, an effective whistleblower framework and larger penalties. The board also asked SEBI to consider provision...
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Posted Date : 10-Dec-2013 , 07:08:55 pm | Posted By CASANSAAR
Further to para 7 of the Press Release dated September 27, 2013, wherein it was stated that decision of the one proposal will be communicated separately, the Government of India has approved the proposal of Foreign DirectInvestment(FDI) amounting to Rs. 31.92 crore appr...
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Posted Date : 10-Dec-2013 , 07:01:45 pm | Posted By CASANSAAR
The Competition Commission of India (CCI) has imposed a penalty of Rs. 1773.05 crores on Coal India Limited for abusing its dominant position. The final order was passed on 09.12.2013 on a batch of informations filed by Maharashtra State Power Generation Company Ltd. and Gujarat State Electricity Co...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 239
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Posted Date : 10-Dec-2013 , 02:28:28 pm | Posted By CASANSAAR
Download ICSI Admit Cards December 2013 Session - Foundation, Executive and Professional Programmes. CLICK HERE FOR DECEMBER 2013 e-ADMIT CARDS...
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Posted Date : 10-Dec-2013 , 08:21:41 am | Posted By CASANSAAR
The Income Tax department has informed the Delhi High Court that Nokia India and Nokia Corporation owe it Rs. 21,153 crores as total tax liability (existing and anticipated), including penalty during a seven-year period from 2006-2013. The amount payable by Nokia has been arrived ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 407
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Posted Date : 10-Dec-2013 , 08:18:42 am | Posted By CASANSAAR
The government has rejected industry's demand for relaxation of a condition under the new companies law that makes it mandatory for them to disclose details of money given to political parties. Companies felt this would make them vulnerable to a backlash from parties that didn't get money or we...
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Posted Date : 10-Dec-2013 , 08:01:36 am | Posted By CASANSAAR
A Parliamentary panel Monday suggested the Reserve Bank should refrain from giving bank licences to corporates as the banking business is highly leveraged and involves public money. Headed by senior BJP leader Yashwant Sinha, the Standing Committee on Finance also asked the RBI to review the guidel...
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Posted Date : 09-Dec-2013 , 06:20:39 pm | Posted By CASANSAAR
As many as 21 companies signed agreements with Punjab government totalling an investment of Rs 53,000 crore in the state aimed at providing employment to over a lakh workers. These agreements include NRI business tycoon Lakshmi Mittal's commitment to expand the capacity of his refinery at Bathi...
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Posted Date : 09-Dec-2013 , 06:07:57 pm | Posted By CASANSAAR
The venue for Common Proficiency Test (CPT) to be held on 15th December 2013(Sunday) has been changed, as attached file given below, for some of the candidates in Delhi, Patnaand Thane centres: The Examination timing shall remain the same, i.e. 10.30 AM to 12.30 PM and 2.00 PM to 4.00 PM. The Admit...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 413
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Posted Date : 09-Dec-2013 , 01:43:37 pm | Posted By CASANSAAR
1. As per the Statement on CPE a member is exempted only for the particular calendar year during which he gets his membership for the first time.2. For Example: members enrolled at any point of time during the Calendar year 2011 (1st January-31st December, 2011) are exempted for the Calen...
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Posted Date : 09-Dec-2013 , 09:00:41 am | Posted By CASANSAAR
he Income Tax department may raise a total demand of over Rs 10,000 crore against Finnish mobile firm maker Nokia which is embroiled in an alleged tax evasion case ahead of its global takeover by software giant Microsoft. The department has calculated and arrived at the figure and may raise t...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 415
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Posted Date : 09-Dec-2013 , 08:52:02 am | Posted By CASANSAAR
Unlisted firms can now raise capital abroad without the requirement of prior listing in India initially for a period of two years after the department of industrial policy and promotion (DIPP) on Friday amended the existing policy on the issue of shares. The DIPP modified the FDI policy all...
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Posted Date : 09-Dec-2013 , 08:46:17 am | Posted By CASANSAAR
The Supreme Court on Friday sought responses of the Union finance ministry, Reserve Bank of India, Central Board of Direct Taxes (CBDT) and Registrar of Companies on a PIL seeking a thorough probe into the operations of leading accountancy firmPricewaterhouseCoopers (PwC). A ...
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Posted Date : 09-Dec-2013 , 08:34:31 am | Posted By CASANSAAR
Chhattisgarh Madhya Pradesh Rajasthan Delhi Party Lead Won INC 0 39 BJP 0 49 BSP 0 1 OTH 0 1 Party Lead Won INC 2 58 BJP 2 161 BSP 0 4 OTH 0 3 Party Lead Won INC 0 21 ...
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Posted Date : 08-Dec-2013 , 06:11:49 pm | Posted By CASANSAAR
The Law Ministry has started vetting provisions of the new Companies Act, which is expected to be in force by April next year. The Companies Act, 2013, that replaces nearly six-decade old law governing corporates, has many new provisions including those related to social welfare spending and in...
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Posted Date : 07-Dec-2013 , 05:38:21 pm | Posted By CASANSAAR
ATM usage is likely to get costlier as banks are planning to hike ATM charges by Rs 6 per transaction. The proposal to hike charges comes after a few state governments asked banks to tighten security at ATMs following the brutal assault of a customer inside an ATM in Bangalore in November. ...
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Posted Date : 07-Dec-2013 , 08:59:02 am | Posted By CASANSAAR
Capital markets Sebi today issued a detailed advisory for general public on how they can take up their grievances on various issues including investment frauds, manipulative activities and other irregularities. While providing a guidance to general public on effective ways to redress their gr...
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Posted Date : 07-Dec-2013 , 08:53:02 am | Posted By CASANSAAR
The Indirect Tax wing of the Finance Ministry, consisting of Custom, Excise and Service Tax Department, will get over 18,000 new recruits. This is a part of cadre restructuring proposal of the Central Board of Excise and Custom (CBEC) as approved by the Cabinet on Thursday. The mov...
Continue Reading... Category : Excise | Comments : 0 | Hits : 841
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Posted Date : 06-Dec-2013 , 08:28:58 pm | Posted By CASANSAAR
The Institute of Company Secretaries of India (ICSI), functioning under the aegis of the Ministry of Corporate Affairs, has decided to move fully to the online registration from 1st January 2014. Earlier, the Institute had moved to online enrolment for examination from 1st October 2013. So, from 01....
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Posted Date : 06-Dec-2013 , 07:35:21 pm | Posted By CASANSAAR
The functioning of UK-based multinational accounting firm PricewaterhouseCoopers (PwC) Pvt Ltd and its network audit firms in India came under judicial scrutiny with the Supreme Court agreeing to hear a petition for a probe against them for allegedly indulging in financial irregularities and fudging...
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Posted Date : 06-Dec-2013 , 08:28:57 am | Posted By CASANSAAR
As much as 25 per cent of the total non-performing assets (NPAs) in public sector banks (excluding SBI) is accounted for by 50 corporates with Kingfisher Airlines and Winsome Diamond topping the list. The combined default by the 50 corporates totalled to Rs 40,528 crore of bank loans. The t...
Continue Reading... Category : Banking | Comments : 0 | Hits : 675
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Posted Date : 05-Dec-2013 , 08:17:44 pm | Posted By CASANSAAR
In a relief to commodity exchanges, the government has allowed deduction of Commodity Transaction Tax (CTT) to traders as it forms part of their business income. The move will benefit Multi Commodity Exchange of India (MCX), National Commodity and Derivatives Exchange (N...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 516
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Posted Date : 05-Dec-2013 , 04:06:26 pm | Posted By CASANSAAR
Reserve Bank today directed urban co-operative banks to provide their customers tax deduction at source (TDS) certificate on time to enable timely filing of income tax returns. ."With a view to protecting the interests of depositors and for rendering better customer service, urban co-opera...
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- 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
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- 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
