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Posted Date : 21-Apr-2013 , 07:38:03 pm | Posted By CASANSAAR
Amid a countrywide proliferation of fraud investment schemes, markets watchdog Sebi is joining forces with other agencies, including RBI, SFIO, Enforcement Directorate and state police departments, to tackle the menace. A large number of fraudulent schemes have come to the f...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 237
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Posted Date : 21-Apr-2013 , 07:36:23 pm | Posted By CASANSAAR
About two dozen companies, including state-run giants like ONGC and Coal India, had investor complaints pending against them for more than two months at the end of last fiscal, as per Sebi data.The latest data available with Sebi Complaints Redress System (SCORES) shows that a to...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 277
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Posted Date : 20-Apr-2013 , 04:55:46 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) will now be able slap a penalty of Rs 1 crore on banks if they breach a single norm. If more than one norm is breached, then the fine will be multiples of Rs 1 crore. Earlier, the fine was Rs 5 lakh for a single violation. The new norm came into effect after Section ...
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Posted Date : 20-Apr-2013 , 10:19:03 am | Posted By CASANSAAR
Most of them are quintessential backroom boys whose job is to keep companies they work for on the right side of law. And, it's they who often end up paying an immediate price when employers indulge in sharp practices. The quiet exits of these professionals from listed companies in recent t...
Continue Reading... Category : ICSI | Comments : 0 | Hits : 484
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Posted Date : 20-Apr-2013 , 08:29:52 am | Posted By CASANSAAR
If the ministry of corporate affairs has its way, independent directors in the country may soon see themselves in classrooms before they get into board rooms. The ministry is working on a proposal to develop "a training module" for independent directors to provide them a snap course on corporate gov...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 369
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Posted Date : 20-Apr-2013 , 08:17:06 am | Posted By CASANSAAR
India's forex reserves jumped for the second consecutive week, rising USD 1.40 billion to stand at USD 295.25 billion for the week ended April 12, due to an increase in core currency assets. The reserves had gained USD 1.19 billion to USD 293.84 billion in the previous week. Fore...
Continue Reading... Category : RBI | Comments : 0 | Hits : 224
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Posted Date : 19-Apr-2013 , 06:32:28 pm | Posted By CASANSAAR
Decks have been cleared for clubbing of allowances with basic pay for PF deductions under the EPFO scheme, a move that will increase savings but reduce take-home pay of over 5 crore subscribers. A review committee, constituted to look into the nitty- gritty of club...
Continue Reading... Category : General | Comments : 0 | Hits : 408
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Posted Date : 19-Apr-2013 , 04:15:15 pm | Posted By CASANSAAR
IT and software major Microsoft has emerged as India's most attractive employer for the third straight year in 2013, according to a survey by HR service firm Randstad. The company was followed by Hewlett Packard and Google India in the second and third positions, respectively. Othe...
Continue Reading... Category : General | Comments : 0 | Hits : 354
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Posted Date : 19-Apr-2013 , 08:26:12 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) is looking at the possibility of shortening the trade settlement cycle for domestic stocks. In a discussion paper on Thursday, the capital markets regulator invited suggestions for the proposal to cut the trading settlement to the first day after th...
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Posted Date : 18-Apr-2013 , 10:16:43 pm | Posted By CASANSAAR
The Reserve Bank Of India has decided to come up with a new model to curb tax evasion, post Cobrapost revelations. On Wednesday, reacting to RBI’s probe report on Cobrapost sting, banking secretary Rajiv Takru had noted that audit report pointed towards some severe Know Your Customer (KYC) ...
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Posted Date : 18-Apr-2013 , 10:13:13 pm | Posted By CASANSAAR
Union Cabinet today approved the proposal to increase dearness allowance (DA) to 80 per cent, from existing 72 per cent, benefiting about 50 lakh employees and 30 lakh pensioners of the central government. The hike would be effective from January 1, 2013 and the employees and pensioners wi...
Continue Reading... Category : General | Comments : 0 | Hits : 350
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Posted Date : 18-Apr-2013 , 06:09:51 pm | Posted By CASANSAAR
Over 50 million subscribers of the retirement fund body EPFO will be able to apply online for transfer and withdrawal of their provident fund from July 1, a move aimed at speedy settlement of claims. “We have decided to set up a central clearance house which will be operational on Jul...
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Posted Date : 18-Apr-2013 , 03:35:55 pm | Posted By CASANSAAR
Old Center Existing Center No Roll No. From To Medium New Center University Commmerce of College, Jawahar Lal Nehru Marg Jaipur – 302004 153 132701 134105 133300 134304 Englis...
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Posted Date : 18-Apr-2013 , 08:45:49 am | Posted By CASANSAAR
The income-tax department in Mumbai has started prosecution proceedings against 700 entities for non-payment of tax deducted at source, or TDS, in fiscal 2013. The department has found that at least 2,000 entities defaulted on TDS payments in the year ended March. The total TDS collection for the M...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 715
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Posted Date : 18-Apr-2013 , 08:34:24 am | Posted By CASANSAAR
Following a sharp fall in gold prices over the past few days, banks have started reviewing the margin requirement for loans against the yellow metal. After dropping Rs 3,160 over the last three sessions, gold prices on Wednesday fell Rs 90 to Rs 26,350 per 10g, the lowest level since August 17, 201...
Continue Reading... Category : Banking | Comments : 0 | Hits : 310
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Posted Date : 17-Apr-2013 , 10:32:09 pm | Posted By CASANSAAR
Nokia India today withdrew the writ petition filed in the Delhi High Court against the income tax department's demand notice of over Rs. 2,000 crore served on it for alleged evasion of taxes in its transactions here. The High Court today directed Nokia to take their appeal to Commissioner...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 286
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Posted Date : 17-Apr-2013 , 10:01:18 pm | Posted By CASANSAAR
The Centre today said it is drafting a policy on the direct-selling industry to address the concerns of consumers and strengthen the credibility of the sector that is providing huge employment opportunity. The industry sells various consumer products directly to customers rather than via retail...
Continue Reading... Category : General | Comments : 0 | Hits : 256
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Posted Date : 17-Apr-2013 , 08:56:39 am | Posted By CASANSAAR
A 46-year-old employee of a Chartered Accountant was held with around Rs 1 crore, which he allegedly could not account for, in Grant Road area Tuesday evening. Police said the accused, Mohammad Islam Shaukat Ali Khan, was traveling in a BEST bus when it was stopped for a check at a nakabandi.  ...
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Posted Date : 17-Apr-2013 , 08:53:46 am | Posted By CASANSAAR
Chartered Institute of Management Accountants (CIMA), a professional body of management accountant, is set to launch CIMA Whiz - a case-study competition for working professionals. The competition aims to bring out the best of analytical and decision making skills amongst business managers and make ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 503
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Posted Date : 17-Apr-2013 , 08:45:57 am | Posted By CASANSAAR
Shares of companies engaged in gold loan business like Muthoot Finance and Manappuram Finance have extended their yesterday’s fall and trading lower by up to 10% after the sharp slide in gold prices. Manappuram Finance is locked in maximum lower circuit of 10% for a second consecutive da...
Continue Reading... Category : Shares & Stock | Comments : 1 | Hits : 340
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Posted Date : 17-Apr-2013 , 08:42:31 am | Posted By CASANSAAR
Seeking to overhaul two-decade old set of rules for insider trading in the stock market, Sebi today said it has decided to seek inputs from the general public for drafting the new regulations in this regard. The public inputs and suggestions have been invited on various aspects of the issue, includ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 247
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Posted Date : 16-Apr-2013 , 09:53:08 pm | Posted By CASANSAAR
COMPILATION OF QUALITY SCRUTINY ASSESSMENT CASES COMPLETED DURING FINANCIAL YEAR 2012-13 LETTER [F.NO. 225/65/2013/ITA-II], DATED 11-4-2013 I am directed to draw your kind attention towards Board's decision to review the Quality of assessments completed by the Assessing Officers during financ...
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Posted Date : 16-Apr-2013 , 07:02:37 pm | Posted By CASANSAAR
In a princely offering, an NRI devotee from US today donated Rs 16 crore to the famous hill shrine of Lord Venkateswara at nearby Tirumala. M Ramalinga Raju, an entrepreneur based in the United States, handed over the offering in the form of a demand draf...
Continue Reading... Category : General | Comments : 0 | Hits : 418
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Posted Date : 16-Apr-2013 , 04:43:58 pm | Posted By CASANSAAR
Tremors were reported in Delhi, Gurgaon and other parts of northern India this afternoon after an earthquake of 7.8 magnitude struck the Iran-Pakistan border region.Mild tremors were reported in Chandigarh, where people said furniture shook for about half a minute. Tremors were also r...
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Posted Date : 16-Apr-2013 , 02:40:04 pm | Posted By CASANSAAR
Finance Minister P Chidambaram has made it clear that any bilateral investment protection agreement has to be subject to jurisdiction of domestic legal institutions and India will not allow it to be subjected to foreign courts or tribunals. "We cannot allow highest court of the land to be subjected...
Continue Reading... Category : International Business | Comments : 0 | Hits : 204
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Posted Date : 16-Apr-2013 , 02:31:55 pm | Posted By CASANSAAR
April 16, 2013 NO CHANGE IN THE SCHEDULE OF THE CHARTERED ACCOUNTANTS EXAMINATIONS - MAY 2013. Students appearing for Intermediate (Integrated Professional Competence) Examination may note that, owing to the Bye Elections to Ward 43 – Nangloi East and Ward 256 Yamuna Vihar of North...
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Posted Date : 16-Apr-2013 , 08:33:21 am | Posted By CASANSAAR
The Supreme Court, on Monday, ordered nationalised banks - Punjab National Bank, Union Bank of India and the Indian Bank - to deposit a sum of Rs 400 crore within 15 days with the Prothonotary and Master of Bombay High Court as part of the bank guarantee money due to the Boa...
Continue Reading... Category : Banking | Comments : 1 | Hits : 498
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Posted Date : 15-Apr-2013 , 08:18:27 pm | Posted By CASANSAAR
Gold prices Monday tumbled by Rs 750 to Rs 27,600 per 10 grams to hit an over 15-month low in the national capital due to persistent selling by stockists triggered by a heavy sell-off in global markets. The precious metal, which had suffered the most ever in the previous session by losing Rs 1,250,...
Continue Reading... Category : General | Comments : 0 | Hits : 395
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Posted Date : 15-Apr-2013 , 06:47:43 pm | Posted By CASANSAAR
State-owned oil marketing companies today cut the price of petrol by Rs. 1 per litre, without taxes, effective midnight tonight, while the price of diesel was left unchanged, Indian Oil said in a release. Oil firms review the price of petrol every two weeks. While petrol is deregulated an...
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Posted Date : 15-Apr-2013 , 05:11:43 pm | Posted By CASANSAAR
Dated: 14th February, 2013 Revised Announcement for Empanelment as a Technical Reviewer with the Quality Review Board The Government of India has, in exercise of the powers conferred by Sec. 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board to perform the followin...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 443
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