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Posted Date : 03-Jan-2013 , 02:56:04 pm | Posted By CASANSAAR
The Prime Minister’s Economic Advisory Council (PMEAC) has put to rest all the speculation and confusion about the Comptroller and Auditors General’s power of auditing oil and gas blocks operated by private firms. Referring to oil and gas block contracts operated by the privat...
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Posted Date : 03-Jan-2013 , 02:54:57 pm | Posted By CASANSAAR
A U.S. court has dismissed civil claims filed against former independent directors of erstwhile Satyam Computer, saying they themselves were victims of over $ 1-billion accounting fraud at Indian IT firm. Hearing the petition, the US District Court Judge Barbara Jones of...
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Posted Date : 03-Jan-2013 , 12:04:35 pm | Posted By CASANSAAR
Income-tax officials have seized documents believed to be US Treasury bonds worth Rs. 28,000 crore during a raid on the premises of a businessman in Tirupur district. The raids were carried out on the residence of Ramalingam at Upputhurai Palayam village on December 31 night, of...
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Posted Date : 02-Jan-2013 , 07:29:39 pm | Posted By CASANSAAR
Sebi has proposed significant changes to existing framework for buyback of shares by companies from open market, that require the process be to complete in three months and minimum repurchase to be 50 per cent of the target. The proposals are primarily aimed at ensuring that only serious companies ...
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Posted Date : 02-Jan-2013 , 06:49:12 pm | Posted By CASANSAAR
In a stern warning to evaders of excise, customs and service tax, the government today asked them to either pay the dues or face penal action which could include arrest, prosecution and property attachment. "We are keeping a very close watch on such elements. They are advised to come for...
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Posted Date : 02-Jan-2013 , 06:47:42 pm | Posted By CASANSAAR
The government on Wednesday constituted the 14th Finance Commission under the Chairmanship of former RBI Governor Y V Reddy, which among other things, will suggest steps for pricing of public utilities like electricity and water in an independent manner. Announcing the formation of t...
Continue Reading... Category : Finance | Comments : 0 | Hits : 204
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Posted Date : 02-Jan-2013 , 06:46:45 pm | Posted By CASANSAAR
Urjit Patel has been appointed as a deputy governor of the Reserve Bank of India, banking secretary DK Mittal told Reuters on Wednesday. Patel will replace Subir Gokarn, who was heading the monetary policy department, among others in the central bank. P...
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Posted Date : 01-Jan-2013 , 03:22:10 pm | Posted By CASANSAAR
Central India Regional Constituency (Central Council) Rank Name City Total 1st Pref Votes 1 FADNIS MANOJ INDORE 2105 1704 2 GARG VIJAY KUMAR JAIPUR 2105 1689 3 GOYAL ANUJ GHAZIABAD ...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 6687
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Posted Date : 01-Jan-2013 , 07:46:45 am | Posted By CASANSAAR
Investors,who profit by frequently buying and selling shares, may have to pay higher tax if one goes by a recent order of a tax tribunal. Such profits can now be treated as business income with a 30% tax payout depending on the frequency and transaction pattern, against a short-term capital gai...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 363
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Posted Date : 31-Dec-2012 , 10:10:57 pm | Posted By CASANSAAR
The United Forum of Reserve Bank Officers and Employees has decided to defer tomorrow's proposed nationwide strike. The forum said in a statement that the decision to defer the strike was taken after the RBI management gave an assurance that the currency and coins counters of the central ba...
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Posted Date : 31-Dec-2012 , 08:02:40 pm | Posted By CASANSAAR
For the Attention of Students -Registration for Common Proficiency Course (CPC) BoS/Announcement/227/12 December 27, 2012 Sub: Extension of Common Proficiency Course (CPC) registration date upto 2nd April, 2013 for appearing in the June, 2013 Common Proficiency Test (CPT) In vi...
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Posted Date : 31-Dec-2012 , 07:25:09 pm | Posted By CASANSAAR
Department of Economic Affairs, Ministry of Finance has been compiling and releasing quarterly statistics on India’s External Debt for the quarters ending September and December every year. This relates to India’s external debt at end-September 2012. At end-September 2012, India...
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Posted Date : 31-Dec-2012 , 07:24:01 pm | Posted By CASANSAAR
Market regulator Sebi has imposed a penalty of Rs four lakh on Indiabulls Securities for allegedly violating various norms for stock brokers including delay in redressing investor complaints. Sebi has slapped the fine on Indiabulls Securities for not taking adequ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 258
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Posted Date : 31-Dec-2012 , 08:35:54 am | Posted By CASANSAAR
Movie-goers may want to mark January 7 on their calendar as the theatres in the city are likely to remain shut. Theatre owners have been requested to remain closed as a mark of support to the film fraternity's day-long fast demanding repeal of service tax by the Centre. The Tamil fi...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 542
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Posted Date : 30-Dec-2012 , 07:01:55 pm | Posted By CASANSAAR
Faced with a growing number of financial frauds, theCorporate Affairs Ministry is setting up a new intelligence unit that will delve into 'data mining' from all possible sources to detect any wrongdoings by the companies and their promoters at the earliest possible stage. "In the Ministry, we ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 455
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Posted Date : 30-Dec-2012 , 09:25:10 am | Posted By CASANSAAR
The Reserve Bank of India has rescheduled the date for implementation of Basel III norms to April 1. The earlier deadline was January 1, 2013. This comes as a relief for banks as Basel III norms require the equity capital of a bank to be not less than 5.5 per cent of risk-weighted loans, as per the...
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Posted Date : 29-Dec-2012 , 09:56:24 pm | Posted By CASANSAAR
Eastern India Regional Constituency (Central Council) Sr. No. Name 1 AGRAWAL SUBODH KUMAR 2 BANDYOPADHYAY ABHIJIT 3 GUHA SUMANTRA Eastern India Regional Constituency (Regional Council) Rank ...
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Posted Date : 29-Dec-2012 , 06:52:16 pm | Posted By CASANSAAR
The shareholders of soaps-to-IT services conglomerate Wipro have approved the company's demerger plan in a court convened meeting held in Bangalore on Friday. About 393 shareholders were present at the extraordinary general meeting including 18 from promoters and promoter groups. In a state...
Continue Reading... Category : Merger & Acquisitions | Comments : 0 | Hits : 390
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Posted Date : 29-Dec-2012 , 03:41:06 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI), on Friday, appointed S. Raman as its whole-time member for five years. “S. Raman took charge as whole-time member of Securities and Exchange Board of India in Mumbai on Friday for a tenure of five years or till attainment of...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 261
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Posted Date : 29-Dec-2012 , 08:38:58 am | Posted By CASANSAAR
Employees and officers under the banner of United Forum of RBI Officers and Employees have called a country-wide strike on January one 2013 to protest the decision to close currency notes and coins issue counters from that date. In a press statement issued by the forum, General Secretary of...
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Posted Date : 29-Dec-2012 , 08:36:43 am | Posted By CASANSAAR
Companies from now on will have to provide verifiable details of their directors and office premises in a tightening of rules which is being viewed as significant because of the controversy surrounding the Purti group linked to BJP chief Nitin Gadkari. The new requirement has been prom...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 483
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Posted Date : 29-Dec-2012 , 08:28:30 am | Posted By CASANSAAR
A young woman who was flown to Singapore after her brutal gang-rape and torture in the Indian capital died here early Saturday, the Mount Elizabeth Hospital announced. The victim, whose name has not been revealed, passed away "peacefully" at 4.45 am with her distraught family and In...
Continue Reading... Category : General | Comments : 0 | Hits : 480
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Posted Date : 28-Dec-2012 , 06:47:34 pm | Posted By CASANSAAR
Ratan Tata, who stepped down as the chairman of the Tata group today as he turned 75, has written a warm farewell letter to his employees saying, “we have every reason to feel proud and feel confident in facing the challenges ahead”. Mr. Tata handed over the reins of the $100 billio...
Continue Reading... Category : General | Comments : 0 | Hits : 700
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Posted Date : 28-Dec-2012 , 02:05:56 pm | Posted By CASANSAAR
Mr. Sahoo has over three decades of rich work experience in self-employment, private sector, public sector, regulator and government in varied functional areas such as reforms, policy, regulations, research and analysis. Before joining the ICSI, he was an eminent legal practitioner i...
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Posted Date : 28-Dec-2012 , 12:12:48 pm | Posted By CASANSAAR
Ratan Tata, who led the transformation of the Tata group from a conventional corporate house into a $ 100 billion global conglomerate with high-profile acquisitions abroad, will retire on Friday ending 50-year run in one of India's oldest business empires. Marking a generational c...
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Posted Date : 28-Dec-2012 , 08:10:50 am | Posted By CASANSAAR
In a breather to multi-national companies working out of India, theMumbai Income Tax Appellate Tribunal (ITAT) has held that retrospectively amending the definition of ‘royalty’ in the Income Tax Act, 1961 cannot automatically alter the provisions of Double Taxation Avoidance A...
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Posted Date : 28-Dec-2012 , 08:08:56 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has issued a set of 26 frequently asked questions (FAQs) on the tax framework applicable to qualified foreign investors (QFIs). QFIs are a new category of investors — foreign retail and high networth investors — that the Governm...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 387
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Posted Date : 28-Dec-2012 , 07:54:14 am | Posted By CASANSAAR
SOUTHERN REGION Quota Declared. The Quota for Regional Council is 1205. The Quota for Central Council is 2268. SOUTHERN REGION (SIRC): Team Central Council - 2013-2015 S.NoNamePLACEStateExisting / NewTerm 2013-2015 2 BABU ABRAHAM KALLIVAYALIL ERNAKULAM KL New 1st ...
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Posted Date : 28-Dec-2012 , 07:53:29 am | Posted By CASANSAAR
Western India Regional Constituency (Regional Council) Final Vote count for everyone in WIRC Rank Name City Total 1st Pref 1 Parag Raval Ahmedabad 2067 2067 2 Sushrut Chitale Mumbai 1555 1555 3...
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Posted Date : 27-Dec-2012 , 07:37:09 pm | Posted By CASANSAAR
26th December 2012 In terms of Notification NO XCA(7)/145/2012 dated 1st August 2012, “Integrated Professional Competence Examination(IPCE)”, stands renamed as “Intermediate (IPC) Examination” and would be known accordingly, with effect from May 2013 examinatio...
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- Payment of MCA fees –electronic mode-regarding
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- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
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