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Posted Date : 25-Apr-2013 , 09:19:36 pm | Posted By CASANSAAR
Railways has reduced advance booking period from four months to two months from May 1 as part of its efforts to prevent touts from cornering bulk of tickets. The advance reservation period (ARP) for booking reserved train tickets will be reduced from existing 120 days to 60 days (excluding ...
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Posted Date : 25-Apr-2013 , 08:52:09 pm | Posted By CASANSAAR
Before he was arrested from a hotel in Kashmir, Sudipta Sen, head of the Saradha Group, sent a letter to the CBI in which he listed 22 people who he accuses of blackmailing or "using" him to make money. Among them are senior leaders of the ruling party in Bengal, the Trinamo...
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Posted Date : 25-Apr-2013 , 07:21:14 pm | Posted By CASANSAAR
The eclipse will occur on the intervening night of April 25-26-beginning at 11:31 pm and ending at 3:43 am and would be visible from all parts of India. Sky gazers can look forward to a partial lunar eclipse that will take place Thursday and will be first of the three eclipses of 2013, offi...
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Posted Date : 25-Apr-2013 , 07:15:56 pm | Posted By CASANSAAR
Saradha group, which is under fire for allegedly defrauding investors, has more than 100 firms registered with the RoC (Registrar of Companies) for businesses across sectors including real estate, automobile, education and entertainment. Most of these companies are registered with the starting name...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 435
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Posted Date : 25-Apr-2013 , 07:13:57 pm | Posted By CASANSAAR
Shell India has moved dispute resolution panel (DRP) challenging a notice by the income tax department alleging tax evasion by underpricing share transfer between member companies on the ground that the order was based on incorrect interpretation of regulations, NDTV has learned. The income tax dep...
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Posted Date : 25-Apr-2013 , 03:42:56 pm | Posted By CASANSAAR
LAST DATE FOR PAYMENT OF FEES:30TH SEPTEMBER,2013...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 3230
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Posted Date : 25-Apr-2013 , 03:37:58 pm | Posted By CASANSAAR
Amidst growing protests outside a Kolkata court against an alleged chit fund scam, the Corporate Affairs Ministry on Thursday decided to conduct a probe into Saradha group companies. The Chairman of the Saradha Group Sudipta Sen, was produced before a Kolkata court in the wake of...
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Posted Date : 25-Apr-2013 , 08:50:50 am | Posted By CASANSAAR
Though the jail in Patiala has quite a line-up of VIP inmates - a former deputy commissioner, senior superintendent of police, former MLA and powerful Akali leaders, besides a top taxman - the one whose special treatment overshadows others' is Ashwani Gupta, a Chartered Accountant arrested by the CB...
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Posted Date : 25-Apr-2013 , 08:39:30 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) will introduce rules for wealth management and foreign broking firms, which intend to sell financial products to Indian citizens. The fresh set of regulations, to be in addition to those from the Reserve Bank of India (RBI), are being considered to b...
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Posted Date : 25-Apr-2013 , 08:35:46 am | Posted By CASANSAAR
The West Bengal government has cracked down on the Saradha group in the chit fund scam. The Mamata Banerjee government has frozen about 35 bank accounts belonging to the Saradha group, while 36 cars belonging to Saradha Chairman Sudipta Sen and his company have been seized. Four office buil...
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Posted Date : 25-Apr-2013 , 08:32:18 am | Posted By CASANSAAR
All hotels and restaurants throughout the country will be closed on April 29 in protest against the levy of service tax on air-conditioned restaurants announced in the Union Budget for 2013-14. A decision to this effect was taken at a meeting of the hotel associations of all States held in Mumbai on...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 499
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Posted Date : 24-Apr-2013 , 09:52:55 pm | Posted By CASANSAAR
Planning Commission Deputy Chairman Montek Singh Ahluwalia today pitched for an internal system by government for settling disputes with private sector players to improve business climate in the country. "Government should set up internal mechanism (for settling dispute...
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Posted Date : 24-Apr-2013 , 06:51:12 pm | Posted By CASANSAAR
The Centre has appointed Archana Bhargava as Chairman & Managing Director of United Bank of India, a public sector lender. Prior to this appointment, Bhargava was an Executive Director at Canara Bank (since April 1, 2011). She has assumed charge of her new posting on Tuesday at...
Continue Reading... Category : Banking | Comments : 0 | Hits : 524
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Posted Date : 24-Apr-2013 , 08:40:13 am | Posted By CASANSAAR
The Reserve Bank has not yet received any application for the setting up of more private sector banks under the new licensing norms released in February, Parliament was informed today. RBI had invited applications two months ago and the last date is July 1, 2013. "RBI has informed that as on date ...
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Posted Date : 24-Apr-2013 , 08:37:35 am | Posted By CASANSAAR
Finance minister P Chidambaram on Tuesday said listed companies must comply with the Securities and Exchange Board of India's (Sebi) minimum public shareholding requirement as enough time has been given to them by the market regulator. "Companies have been given enough time...(they) should ...
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Posted Date : 23-Apr-2013 , 09:58:09 pm | Posted By CASANSAAR
Please refer to the return of income filed by you for PAN AXXXXXXXXA for Assessment Year 2012-13...The refund determined in this proceeding is being adjusted against the outstanding demands....'' In the last few months, several taxpayers have received similarly worded notices from the I-T Departmen...
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Posted Date : 23-Apr-2013 , 09:19:22 pm | Posted By CASANSAAR
The Securities and Exchange Board of India, SEBI, has begun a fresh probe into the fund-raising activities of the Kolkata-based Saradha group.The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public, a s...
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Posted Date : 23-Apr-2013 , 09:00:20 pm | Posted By CASANSAAR
After Nokia and Royal Dutch Shell, the Income Tax (I-T) department has sent a demand notice to software giant Microsoft’s Indian arm, which said it has challenged the same. I-T department reportedly sent notice to Microsoft seeking details of its income from Indian operations for four...
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Posted Date : 23-Apr-2013 , 06:38:38 pm | Posted By CASANSAAR
Chris Gayle has set a new record for the fastest century in the history of professional cricket with an astonishing ton off just 30 balls for the Royal Challengers Bangalore in the Indian Premier League, then went on to make the highest score ever seen in Twenty20, ending unbeaten with 175 off ...
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Posted Date : 23-Apr-2013 , 08:56:05 am | Posted By CASANSAAR
The Punjab government will launch an online VAT refund system for traders and industrialists, Deputy Chief Minister Sukhbir Singh Badal today said. Speaking at a meeting with industry delegation from Ludhiana here, Badal asserted that the functioning of state excise and taxation department ...
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Posted Date : 23-Apr-2013 , 08:52:20 am | Posted By CASANSAAR
The ICSI, a premier professional body constituted under an Act of Parliament, invites applications for the following posts at its headquarters, Regional offices and Chapter offices across India :- Name of the Post Pay Band & Grade Pay(Rs.) Max. Age(as on 01.04.2013) Total No...
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Posted Date : 23-Apr-2013 , 08:38:36 am | Posted By CASANSAAR
This story of a 22 year old who fabricated his skills and talents for the goodwill of Indian government is truly an inspiring one. So, what is the ‘so’ inspiring part? Well, it’s quite not that common where you get to see a young lad (that too a 22 year old) become the ‘India...
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Posted Date : 23-Apr-2013 , 08:33:07 am | Posted By CASANSAAR
Market regulator Sebi has allowed 47 entities to set up AIFs - newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds, over a period of ten months. The 47 Alternative Investment Funds (AIFs) have been registered w...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 307
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Posted Date : 23-Apr-2013 , 08:25:14 am | Posted By CASANSAAR
A measure that would empower US states to require out-of-state retailers to collect online sales tax won backing from President Barack Obama on Monday and is expected to pass a legislative test vote in the Senate later this evening. The bill will be the subject of a procedur...
Continue Reading... Category : International Business | Comments : 0 | Hits : 212
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Posted Date : 22-Apr-2013 , 09:02:53 pm | Posted By CASANSAAR
Under Companies Act, 1956 there is no provision for Corporate Social Responsibility (CSR) but the Companies Bill, 2012 incorporates a provision of CSR under Clause 135. This Clause states that every company having net worth of Rs. 500 crore or more, or turnover of Rs. 1,000 crore or more o...
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Posted Date : 22-Apr-2013 , 09:00:33 pm | Posted By CASANSAAR
There are no monetary ceilings of salaries laid down in the Companies Act,1956 for personnel serving in the corporate sector including CEOs, CFOs and Directors thereof. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate...
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Posted Date : 22-Apr-2013 , 02:19:41 pm | Posted By CASANSAAR
Dedicated reporter Chen Ying didn’t let her wedding day get in the way of reporting a major news story. She was having her make-up put on at a photographic studio just before her ceremony when a devastating 6.6 magnitude earthquake struck the city of Ya’an. After a qui...
Continue Reading... Category : International Business | Comments : 0 | Hits : 406
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Posted Date : 22-Apr-2013 , 09:16:09 am | Posted By CASANSAAR
A government committee has turned down an RBI proposal to limit FII investments in the secondary market, considering the significant role foreign investments can play in propping up the economy. "The suggestion made by the RBI of limiting FII investments to secondary market was discussed. I...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 234
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Posted Date : 21-Apr-2013 , 08:35:21 pm | Posted By CASANSAAR
World-renowned mathematical wizard and astrologer, aptly known as the Human Computer born in Namma Bengaluru, Shakuntala Devi passed away in a private hospital in the city on Sunday. She was admitted to the hospital two weeks ago due to respiratory and heart related problems. She died of ca...
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Posted Date : 21-Apr-2013 , 07:40:10 pm | Posted By CASANSAAR
With government set to launch the second phase of Direct Benefit Transfer(DBT) scheme, Finance Ministry has asked PSU banks to put in place robust automated systems to ensure that the beneficiaries list does not undergo any changes. "All banks...need to have robust automated syst...
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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
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- NCLT orders insolvency proceedings against Subhash Chandra
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- Payment of MCA fees –electronic mode-regarding
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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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