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Posted Date : 25-Oct-2013 , 08:17:33 am | Posted By CASANSAAR
Market regulator Sebi today issued detailed guidelines, including on eligibility criteria, for listing of start-ups and small and medium enterprises (SMEs) on stock exchanges without an initial public offer(IPO). The guidelines follow notification of new norms by Sebi e...
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Posted Date : 25-Oct-2013 , 08:14:02 am | Posted By CASANSAAR
Internet giant Google has emerged as the world's best multinational company to work for, followed by software developer SAS Institute and network storage provider NetApp in the second and third place, respectively. Software giant Microsoft was ranked ...
Continue Reading... Category : International Business | Comments : 0 | Hits : 385
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Posted Date : 25-Oct-2013 , 08:09:30 am | Posted By CASANSAAR
Reserve Bank today constituted an advisory group to implement a national bill payment system that will enable households to pay utility bills, school fees, remittances and other bills using their bank accounts. "The RBI has announced the constitution of aGIRO Advisory Group (GAG)...
Continue Reading... Category : Banking | Comments : 0 | Hits : 500
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Posted Date : 24-Oct-2013 , 01:19:50 pm | Posted By CASANSAAR
A CBI court here yesterday sentenced former Chairman and Managing Director of Indian Bank M Gopalakrishnan and four others to one year imprisonment for defrauding various branches of the bank to the tune of about Rs 6.5 crore. CBI Principal Sessions Judge S Malathi also ordered Gopalakrishn...
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Posted Date : 24-Oct-2013 , 08:16:11 am | Posted By CASANSAAR
The finance ministry proposes to have a legislative frame work for curbing the impact of overseas market disruptions by Indian entities and securities listed abroad on the Indian market. According to officials, the legislative framework has to be worked out within the new Companies Bill. The m...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 286
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Posted Date : 23-Oct-2013 , 09:50:41 pm | Posted By CASANSAAR
The Delhi High Court today asked the Centre to look into "afresh" the accounts of Aam Aadmi Party (AAP) to find out the source of money received by it after its inception. A bench of justices Pradeep Nandrajog and V K Rao asked the counsel for the Centre to inform ...
Continue Reading... Category : General | Comments : 0 | Hits : 531
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Posted Date : 23-Oct-2013 , 06:18:53 pm | Posted By CASANSAAR
The capital infusion by the Government of India in Public Sector Banks (PSBs) is done with the twin objective of adequately meeting the credit requirement of the productive sectors of economy as well as to maintain regulatory capital adequacy ratios in PSBs. The G...
Continue Reading... Category : Banking | Comments : 0 | Hits : 248
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Posted Date : 23-Oct-2013 , 06:13:15 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has extended by 4 days the last date for accepting suggestions/ comments for the 3rd tranche of Draft Rules being framed under the Companies Act, 2013. Now, such suggestions/ comments can be given till 5th November 2013. In this phase, following 3 Chapters have been...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 241
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Posted Date : 23-Oct-2013 , 07:24:02 am | Posted By CASANSAAR
The National Financial Reporting Authority (NFRA), the proposed apex body for accounting and auditing standards, will have powers to probe and review audits of companies, including those which have securities listed outside India. NFRA would be a quasi-judicial body under the new ...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 643
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Posted Date : 23-Oct-2013 , 07:16:00 am | Posted By CASANSAAR
With an aim to make the reverse mortgage facility more attractive for senior citizens, the government has decided to give tax break on installment earned by pledging his residential property. Now it has been decided that annuity would be tax exempt, National Housing Bank Chairman and Managing ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 530
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Posted Date : 23-Oct-2013 , 07:10:52 am | Posted By CASANSAAR
Accounting giant Deloitte & Touche will pay a $2 million penalty to settle civil charges that it allowed a suspended auditor to continue working in the firm's public company audit practice, the US audit watchdog said Tuesday. The Public Company Accounting Oversight Board, the...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 833
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Posted Date : 22-Oct-2013 , 07:03:05 pm | Posted By CASANSAAR
Concerned over defaults by big borrowers, Finance Minister P. Chidambaram on Tuesday said the government is monitoring the top 30 NPA accounts in each PSU bank and asked the lenders to set up separate verticals to recover money from written-off accounts. Talking to reporters after meeting t...
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Posted Date : 22-Oct-2013 , 04:00:47 pm | Posted By CASANSAAR
Moving ahead with implementation of the new companies law, the government on Tuesday issued draft rules for the proposed National Financial Reporting Authority. Besides NFRA, draft rules relate to Serious Fraud Investigation Office (SFIO) and acceptance of deposits by companies have been re...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 476
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Posted Date : 22-Oct-2013 , 08:17:37 am | Posted By CASANSAAR
Tax Administration Reform Commission (TARC), set up by the Finance Ministry to suggest measures to prevent economic offences among other things, held the first meeting today and is expected to submit its report in six months. "The Commission held its first meeting today and will submi...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 203
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Posted Date : 22-Oct-2013 , 08:08:54 am | Posted By CASANSAAR
Market regulator Sebi today asked entities acquiring substantial shares in listed companies to make additional disclosures regarding pledging of scrips, a move that will help investors to make an informed decision."In order to ensure that adequate disclosures are made to help investors in ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 243
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Posted Date : 22-Oct-2013 , 08:08:04 am | Posted By CASANSAAR
Four days before the third edition of India's F1 race gets rolling at the Buddh International Circuit (BIC), the Uttar Pradesh government on Monday sought the Supreme Court's permission to withdraw its 2011 decision to grant entertainment tax exemption to Indian Grand Prix&n...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 373
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Posted Date : 22-Oct-2013 , 07:55:43 am | Posted By CASANSAAR
Several states on Monday opposed inclusion of petroleum products and liquor in the proposed Goods and Services Tax (GST) regime as the move would severely affect their revenues. This came out at the meeting of the Empowered Committee of State Finance Ministers that deliberated th...
Continue Reading... Category : GST | Comments : 0 | Hits : 331
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Posted Date : 21-Oct-2013 , 08:30:50 pm | Posted By CASANSAAR
As if the additional information required in tax returns was not enough, there's more bad news for tax evaders. Salaried taxpayers who claim HRAexemption will now have to report their landlord's PAN if the total rent in a year exceeds Rs 1 lakh. "In case the landlord does not have a P...
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Posted Date : 21-Oct-2013 , 08:24:35 am | Posted By CASANSAAR
Introduction of a ‘negative list’ for comprehensive taxation of the services sector was touted as a major tax reform. But, even after a year of its introduction, few new services have been brought in the tax net. Thanks to a manpower shortage, officials of the service taxdepartment ...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 557
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Posted Date : 21-Oct-2013 , 08:23:13 am | Posted By CASANSAAR
Officials of the Ministry of Corporate Affairs (MCA) and market watchdog Securities and Exchange Board of India (Sebi) will hold discussions this week on bringing regulations for listed firms in line with provisions of the new Companies Act. A government official said the ministry is scheduled to h...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 277
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Posted Date : 20-Oct-2013 , 09:08:22 am | Posted By CASANSAAR
RBI Governor today said the newreal time gross settlement (RTGS) system for fund transfers will improve the efficiency of the country's financial markets."With its advanced liquidity and queue management features, the new RTGSsystem is expected to significantly improve the efficiency ...
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Posted Date : 20-Oct-2013 , 09:06:00 am | Posted By CASANSAAR
After the enactment of the Companies Act, 2013, the ministry of corporate affairs has now shifted its focus on rolling out international reporting standards for Indian companies which were to be implemented beginning April 1, 2011. According to the draft plan, the ministry wants to implemen...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 774
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Posted Date : 20-Oct-2013 , 09:04:38 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi), which had directed all independent investment advisors to register with the regulator, according to the Investment Advisors Regulation, had received only about 70 applications, said Sebi Executive Director Ananta Barua. He added from October 21, on...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 230
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Posted Date : 20-Oct-2013 , 09:00:55 am | Posted By CASANSAAR
Favours allegedly shown to top corporate houses like Mukesh Ambani's Reliance Industries Ltd, his brother Anil Ambani's ADAG group, Tatas, working of touts, kickbacks in aviation sector, manipulation of Unitech's stocks and illegal gratification paid to tax officers arising from Niira Radia's t...
Continue Reading... Category : General | Comments : 0 | Hits : 154
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Posted Date : 19-Oct-2013 , 08:20:17 am | Posted By CASANSAAR
The income tax department has never looked at coercion as a way to unearth unaccounted money and the idea is not to create nightmares, a senior tax official said today. “The department is never looking coercion as a way. I would like to assure everybody...our idea is not to create nig...
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Posted Date : 18-Oct-2013 , 03:34:22 pm | Posted By CASANSAAR
17th October, 2013 64th Annual Report and Audited Annual Accounts of the Institute for the year 2012 - 2013. In accordance with the provisions as contained in sub-section (5B) of Section 18 of the Chartered Accountants Act, 1949, a copy of the Annual Report and Audited Accounts of the Institute fo...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 697
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Posted Date : 18-Oct-2013 , 07:53:23 am | Posted By CASANSAAR
Congress has rejected the suggestions made by the Election Commission(EC) to bring transparency and accountability regarding donations received by political parties.The ruling party, in its response to the EC's letter seeking views of all recognized parties on bringing transparency in their fin...
Continue Reading... Category : General | Comments : 1 | Hits : 316
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Posted Date : 18-Oct-2013 , 07:52:29 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) is likely to enact a new regulation to incorporate various provisions in the new Companies Bill. In order to beef up corporate governance practice among companies, the Companies Bill stipulates strict guidelines on appointment of independen...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 259
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Posted Date : 18-Oct-2013 , 07:50:59 am | Posted By CASANSAAR
Nearly 2.5 crore, or 30 per cent, of all provident fund accounts have a negative balance, some of which may be due to fraudsters who faked withdrawal claims to siphon off money by opening bank accounts using forged identity documents. The PF department, startled by these two separate findings m...
Continue Reading... Category : General | Comments : 0 | Hits : 318
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Posted Date : 17-Oct-2013 , 08:32:12 pm | Posted By CASANSAAR
October 15, 2013 Chartered Accountants Examinations - November, 2013Important Announcement for the candidates of Ratlam (Madhya Pradesh) Due to unavoidable circumstances, the captioned examinations will not be conducted in the Government Girls College, Ratlam. The said examinations...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 450
- 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
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- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
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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
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
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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
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