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Posted Date : 18-Nov-2013 , 09:30:42 pm | Posted By CASANSAAR
The Delhi High Court Monday directed the Institute of Chartered Accountants of India (ICAI) to prepare a panel of writers to assist disabled students in appearing for the chartered accountancy examinations that it conducts. The court has asked that the panel be...
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Posted Date : 18-Nov-2013 , 08:53:15 pm | Posted By CASANSAAR
Reserve Bank deputy governor KC Chakrabarty has said banks have written off a whopping Rs 1 trillion in the past 13 years and criticised the lenders because as much as 95 per cent of these write-offs were for large borrowers. "During the past 13 years what we see is t...
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Posted Date : 18-Nov-2013 , 08:45:38 pm | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) has directed stock exchanges to beef up their surveillance system to ensure the disclosure standard of listed companies is accurate and adequate. The move is aimed at ensuring complete and timely information reaches investors to enable them ta...
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Posted Date : 18-Nov-2013 , 05:37:31 pm | Posted By CASANSAAR
18th November, 2013 Important AnnouncementAttention: Intermediate (IPC) and Final Course studentsNon-applicability of Companies Act, 2013 for May 2014, Examinations This is to bring to the notice of students that the Companies Act, 2013 notified in the Official Gazette on 30th August, 2013 (...
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Posted Date : 18-Nov-2013 , 02:45:47 pm | Posted By CASANSAAR
Reserve Bank has designated 29 bank branches, including public and private banks to collect income tax payment in advance of the due date to avoid the last minute rush towards March-end. State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, Allahabad Bank, Punjab National Bank, Oriental Ba...
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Posted Date : 17-Nov-2013 , 09:46:56 pm | Posted By CASANSAAR
The banking system's slippage to recovery and upgradation ratio has shot up to 257 as of March 2013 from 217 in March 2011 as banks have failed to implement efficient and speedy measures for recovering stressed assets, according to the Reserve Bank. This increase in the slippages ratio was a tad ab...
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Posted Date : 17-Nov-2013 , 09:43:40 pm | Posted By CASANSAAR
Axis Bank will become a "foreign- owned" lender, to be governed by FDI policy, following the go- ahead to its proposed increase in foreign investment holding to 62 per cent, entailing inflow of over Rs. 6,200 crore. The proposal, recently cleared by the Foreign Investment Promotion Board,...
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Posted Date : 17-Nov-2013 , 06:18:28 pm | Posted By CASANSAAR
Promoters and top executives, intending to buy or sell shares of their companies, may soon have to inform the market well in advance before such transactions. Securities and Exchange Board of India (Sebi), which is in the process of an overhaul of its insider trading rules, is considering ...
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Posted Date : 17-Nov-2013 , 06:08:27 pm | Posted By CASANSAAR
Retirement fund body EPFO will pay at least 8.5 percent rate of return on PF deposits for 2013-14 to its over 5 crore subscribers as provided in the previous fiscal and the decision in this regard could be taken as early as next month. "The Employees' Provident Fund Organisation (EPFO) will...
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Posted Date : 16-Nov-2013 , 04:51:56 pm | Posted By CASANSAAR
The Government of India on Saturday decided to award the Bharat Ratna to Sachin Tendulkar, who incidentally retired the same day in the morning after playing his 200th Test in Mumbai. Tendulkar and eminent scientist Professor CNR Rao were the two names announced by the government for the hi...
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Posted Date : 16-Nov-2013 , 09:18:23 am | Posted By CASANSAAR
Commodity market regulator Forward Markets Commission (FMC) has shortlisted two Mumbai-based chartered accountancy firms — Haribhakti & Co and Chokshi & Chokshi Chartered Accountants — to conduct a forensic audit of gold and silver backing the socalled e-series bullion contracts ...
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Posted Date : 16-Nov-2013 , 09:13:36 am | Posted By CASANSAAR
Central Bureau of Investigation, anti-corruption branch, Mumbai registered a case against Satyanarayan Vanam, office superintendent of income tax, 21(2), Pratyaksha Kar Bhavan, Bandra Kurla Complex, Mumbai and Mehboob Shaikh, tax consultant for demanding bribe of Rs 50,000 from a complaina...
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Posted Date : 16-Nov-2013 , 09:12:44 am | Posted By CASANSAAR
Union Finance Minister P. Chidambaram, on Friday, suggested that the Reserve Bank of India (RBI) should not issue new banking licences to entities that clone the existing banks. “Most banks are clones to each other. I am inclined to think that there is more cloning than differentiatio...
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Posted Date : 15-Nov-2013 , 05:16:15 pm | Posted By CASANSAAR
Market regulator Sebi is likely to come out with detailed guidelines on corporate disclosures on Monday, aiming to improve the quality of giving out information by companies. "Today, there are 1,100 companies which are not compliant with the requirement of clause 35 of shareholding pat...
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Posted Date : 15-Nov-2013 , 08:33:35 am | Posted By CASANSAAR
The ICAI has issued this exposure draft on Investment Entities which includes amendments to Ind AS 110 Consolidated Financial Statements, Ind AS 112 Disclosure of Interests in Other Entities and Ind AS 27 Separate Financial Statements. The exposure draft is open for public commen...
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Posted Date : 14-Nov-2013 , 09:15:53 pm | Posted By CASANSAAR
The management and the board of the National Spot Exchange (NSEL) ignored an internal audit report prepared way back in 2011, which noted that the spot exchange was acting as a non-banking finance company (NBFC) without formal approval from the Reserve Bank of India (RBI). The audit report ...
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Posted Date : 14-Nov-2013 , 09:09:37 pm | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) has laid down the framework for 'search and seizure' operations to conduct investigations more effectively. Before officially notification, the stock market regulator today today issued draft 'Procedure for Search and Seizure Regulations 2013' and ...
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Posted Date : 14-Nov-2013 , 07:44:52 pm | Posted By CASANSAAR
The net bad assets of the 40 listed banks have jumped 38 per cent to Rs 1,28,533 crore during the first half of this fiscal, from Rs 93,109 crore at the end of the last fiscal, and is likely to cross Rs 1.5 lakh crore by the end of the fiscal, says a study. Out of the total 40 lis...
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Posted Date : 14-Nov-2013 , 08:25:24 am | Posted By CASANSAAR
In a time when high inflation is blowing holes in pockets of consumers, if a relaxation is granted on tax deduction, consumers will definitely get a reason to celebrate. Well, Ministry of Law and Justice has approved the proposal to raise annual income tax exemption limit from 2 lakh to 3 la...
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Posted Date : 14-Nov-2013 , 08:20:25 am | Posted By CASANSAAR
During the Current Financial Year, a total of 801 Investor Awareness Programmes have been organized by the Ministry of Corporate Affairs in various parts of the country (till the end of October) through its 3 Professional Institutes: Institute of Chartered Accountants of India (ICAI), Institute of C...
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Posted Date : 13-Nov-2013 , 04:58:03 pm | Posted By CASANSAAR
No. ICAI / HRD(P)/35/2013 ...
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Posted Date : 13-Nov-2013 , 04:54:07 pm | Posted By CASANSAAR
No. 13-CA (EXAM)/N/2013/ Ann. /6November 11, 2013 Chartered Accountants Examination - 21st November, 2013Subject: Change of Examination Centre in Bareilly (U.P.) on 21.11.2013 Due to unavoidable circumstances, the Final examination scheduled to be held on 21st November 2013 at F....
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Posted Date : 13-Nov-2013 , 11:58:34 am | Posted By CASANSAAR
Financial Technologies India Ltd (FTIL) founder & Group CEO Jignesh Shah has questioned Grant Thornton’s forensic audit report on the Rs 5,600-crore settlement crisis at the FTIL-owned National Spot Exchange (NSEL). Shah and FTIL are defending their 'fit & proper’ s...
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Posted Date : 12-Nov-2013 , 08:13:03 pm | Posted By CASANSAAR
The Supreme Court on Tuesday said that it is mandatory for the police to register a First Information Report or FIR when a complaint is filed at a police station. So far, it was upto the police to decide whether to formally accept a complaint, though the Criminal Civil Procedure code says police mus...
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Posted Date : 12-Nov-2013 , 07:21:20 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India No.13-CA(Exam)Nov-2013 November 12, 2013 ANNOUNCEMENTNo Change in the date of examination scheduled for 15th November, 2013 Certain enquiries are being received as regard to the holding of examination on 15th November, 2013 since ...
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Posted Date : 12-Nov-2013 , 02:24:16 pm | Posted By CASANSAAR
Final Examination GROUP I PAPER - 1 : FINANCIAL REPORTING PAPER - 2 : STRATEGIC FINANCIAL MANAGEMENT PAPER – 3 : ADVANCED AUDITING AND PROFESSIONAL ETHICS PAPER – 4 : CORPORATE AND ALLIED LAWS I...
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Posted Date : 12-Nov-2013 , 08:46:40 am | Posted By CASANSAAR
Addressing judges as My Lordor Your Lordships in courts is a relic of colonial era and a sign of slavery, a petition filed in Supreme Court said today and sought a ban on their use in the country. A PIL was filed today by a 75-year-old lawyer seeking the apex court's di...
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Posted Date : 12-Nov-2013 , 08:40:20 am | Posted By CASANSAAR
The Reserve Bank today waived the requirement of No Objection Certificate(NoC) with regard to share transfer from residents to non-residents where the investee company is in the financial servicesdomain. On a review, it has now been decided that the requirement of NoC(s) will be waive...
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Posted Date : 12-Nov-2013 , 08:39:22 am | Posted By CASANSAAR
Election Commission has issued instructions asking candidates to open a separate bank account exclusively for the purpose of election expenditure. The account should be opened not later than one day before the date on which the candidate files his nomination papers, a spokesman of Har...
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Posted Date : 12-Nov-2013 , 08:17:15 am | Posted By CASANSAAR
In a bid to attract capital inflows, the RBI today allowed SEBI-registered foreign institutional investors (FIIs) and qualified foreign investors (QFIs) to invest in the credit enhanced bonds up to a limit of $ 5 billion. These investments would be within the overall limit o...
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