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Posted Date : 24-Nov-2011 , 08:58:06 am | Posted By CASANSAAR
The corporate affairs ministry has yielded to the demands of the Finance Ministry and has delegated the power to deal with cases of insider trading and forward dealings in listed companies to the Securities and Exchange Board of India (Sebi) under the revised Companies ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 384
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Posted Date : 24-Nov-2011 , 08:56:19 am | Posted By CASANSAAR
An accountant was looted of Rs 3 lakh outside his office in Athwalines area on Monday when he was about to enter the office. The victim is employed in a chartered accountancy firm in Athwalines near Seventh Day School. In the i...
Continue Reading... Category : General | Comments : 0 | Hits : 608
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Posted Date : 24-Nov-2011 , 08:53:48 am | Posted By CASANSAAR
Attention Students The Training & Educational Facilities Committee of the Council has approved the new format of the quarterly report to be submitted by the students. Students undergoing 15 months training or part training with Companies, PCS, MCA,ROC,RD,OL ,Fina...
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Posted Date : 24-Nov-2011 , 08:51:02 am | Posted By CASANSAAR
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits In view of the prevailing market conditions, it has been decided that until further notice and with effect from close of business in India as on November 23, 2011, the interest rates on Non- Resident (Exter...
Continue Reading... Category : RBI | Comments : 0 | Hits : 268
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Posted Date : 24-Nov-2011 , 08:49:18 am | Posted By CASANSAAR
Under attack from various quarters on the issue of black money, Finance Minister Pranab Mukherjee said the Income Tax Department has taken several punitive and deterrent measures to tackle the problem. "The Income Tax Department takes several punitive and deterrent steps to unearth unaccounted m...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 157
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Posted Date : 24-Nov-2011 , 08:45:25 am | Posted By CASANSAAR
Finance Minister Pranab Mukherjee on Wednesday attributed the stock market crash to withdrawal of funds by foreign investors and depreciation of the rupee. Mr. Mukherjee told reporters in Delhi that, Markets have crashed because of continuous withdrawal of funds by Foreign Institutional Investors.He...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 279
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Posted Date : 23-Nov-2011 , 08:14:48 pm | Posted By CASANSAAR
RBI has directed cooperative banks not to make payments on cheques and other financial instruments that are over three months old from next fiscal. "RBI directs that with effect from April 1, 2012, banks should not make payment of cheques/drafts/pay orders/banker's cheques bearing that date or an...
Continue Reading... Category : Banking | Comments : 0 | Hits : 305
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Posted Date : 23-Nov-2011 , 06:20:25 pm | Posted By CASANSAAR
Cyrus Mistry has been selected as head of India’s powerful Tata Group of companies. The 42-year-old will shadow Ratan Tata, who chairs the business and is recognised as one of the world’s most important industrialists, for a year in the role of deputy chairman. He is expected to tak...
Continue Reading... Category : General | Comments : 0 | Hits : 679
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Posted Date : 23-Nov-2011 , 03:50:51 pm | Posted By CASANSAAR
In the first bail in 2G case, the Supreme Court today ordered the release of five top corporate executives from Tihar Jail, raising hopes of other accused in the case including former Telecom Minister A Raja and DMK MP Kanimozhi who have been in prison for over six months. A bench comprising jus...
Continue Reading... Category : General | Comments : 0 | Hits : 271
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Posted Date : 23-Nov-2011 , 03:06:23 pm | Posted By CASANSAAR
Embroiled in multiple allegations of graft, the Municipal Corporation of Delhi (MCD) has decided to hire professional consultant for the preparation of its annual financial statement. Also, court orders have made it mandatory for the civic body to have an outside party doing the audit so that m...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 407
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Posted Date : 23-Nov-2011 , 08:09:10 am | Posted By CASANSAAR
Some state-run lenders and private companies are under scanner of the corporate affairs ministry after allegations that these firms in collusion with bank officials misappropriated bank loans to generate cash among their subsidiaries and inflate enterprise value. "There were allegations that ba...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 606
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Posted Date : 23-Nov-2011 , 08:06:05 am | Posted By CASANSAAR
Employees cannot be compelled to work under a new management and are entitled to retirement or retrenchment benefits, the Supreme Court has held. The apex court rejected the argument of Philip's India Ltd that since the employees had neither retired nor retrenched, hence the...
Continue Reading... Category : General | Comments : 0 | Hits : 679
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Posted Date : 23-Nov-2011 , 08:04:04 am | Posted By CASANSAAR
With Kingfisher Airlines and several other carriers landing in dire straits, the industry ministry has moved a draft cabinet note on allowing 26 per cent foreign direct investment by foreign airlines in the domestic carriers. "Private airlines in the country are in dire need of funds for th...
Continue Reading... Category : International Business | Comments : 0 | Hits : 250
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Posted Date : 23-Nov-2011 , 08:00:36 am | Posted By CASANSAAR
Due to unavoidable reasons, the computer based Mock CPT scheduled for 26th November 2011 has been called off. The examination fee paid by the students will be refunded shortly. Inconvenience caused is regretted. However, it is clarified that Paper Pencil mode CPT exam of 18th December 2011 wil...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 639
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Posted Date : 23-Nov-2011 , 07:58:50 am | Posted By CASANSAAR
The Ministry of Corporate Affairs is organizing a Webcast on XBRL on Wednesday, the 23rd November, 2011 at 4:00 PM on XBRL. Joint Secretary, Ministry of Corporate Affairs (MCA) Shri Avinash Srivastava will address the Webcast. You are cordially invited to join the Webcast by logging in at ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 358
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Posted Date : 22-Nov-2011 , 08:29:32 pm | Posted By CASANSAAR
Looking to check banking fraud, the RBI has directed banks to report fraud cases of between Rs 1 lakh and Rs 50 lakh to the regional office of the Department of Banking Supervision."Fraud cases involving an amount more than Rs 1 lakh and up to Rs 50 lakh... (should be reported) to the R.O. (regio...
Continue Reading... Category : Banking | Comments : 0 | Hits : 316
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Posted Date : 22-Nov-2011 , 08:27:01 pm | Posted By CASANSAAR
Finance Minister Pranab Mukherjee has said that the Reserve Bank of India is keeping a close eye on the value of rupee against dollar. Talking to reporters outside Parliament, Mr Mukherjee however said that RBI can not make much intervention as the rupee volatility is because of uncertainty in the i...
Continue Reading... Category : Finance | Comments : 0 | Hits : 243
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Posted Date : 22-Nov-2011 , 08:53:30 am | Posted By CASANSAAR
PwC and KPMG failed to adequately review how certain clients valued mortgage-related securities in 2010, an auditing watchdog has said. The Public Company Accounting Oversight Board’s findings from an annual inspection revealed that yea...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 1055
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Posted Date : 22-Nov-2011 , 08:37:14 am | Posted By CASANSAAR
The Enforcement Directorate has issued foreign exchange violation notices to those individuals whose names have figured in the LGT Bank accounts for stashing illegal funds. The Central Board of Direct Taxes (CBDT) has referred 17 cases to the ED in this connection as the Income Tax department ha...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 387
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Posted Date : 22-Nov-2011 , 08:31:34 am | Posted By CASANSAAR
The crucial survey operations conducted by the Income Tax department to detect tax evasion have been severely hit due to a long drawn employees agitation in the national capital. I-T employees and officials, except those of the Indian Revenue Se...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 214
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Posted Date : 22-Nov-2011 , 08:28:50 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday issued guidelines to allow banks and non-banking financial companies (NBFCs) to sponsor infrastructure debt funds (IDFs), to support long-term finance in infrastructure. The same are based on the parameters RBI had issued in September. IDFs may be set up eit...
Continue Reading... Category : RBI | Comments : 0 | Hits : 251
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Posted Date : 22-Nov-2011 , 08:27:38 am | Posted By CASANSAAR
At the inter-bank foreign exchange market, the rupee sank 81 paise, to a over 32-month closing low of 52.15 against the dollar.The rupee fell on sustained dollar demand, and as domestic equities tumbled. The rupee has lost over 4 percent against the dollar in the last six trading sessions.The Financ...
Continue Reading... Category : International Business | Comments : 0 | Hits : 556
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Posted Date : 21-Nov-2011 , 09:00:16 pm | Posted By CASANSAAR
The finance ministry on Monday said the ability of the Reserve Bank to intervene in the forex market to arrest the fall in rupee is limited, even as the Indian currency declined to a 32-month low of Rs 51.50 per US dollar in the early trade. "RBI's ability to intervene in forex market...
Continue Reading... Category : Finance | Comments : 0 | Hits : 209
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Posted Date : 21-Nov-2011 , 08:50:27 am | Posted By CASANSAAR
After serving notices and conducting raids, the income-tax department is having second thoughts on the authenticity of the list of Swiss bank account holders it obtained from the French government three months ago.Tax authorities, investigating the 700 unreported account holders with HSBC Geneva,...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 364
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Posted Date : 21-Nov-2011 , 08:45:01 am | Posted By CASANSAAR
DLF Limited has moved the Delhi High Court challenging the order of market regulator Sebi to probe accusations by a Delhi-based businessman that he was duped of Rs 34 crore by the realty major and its alleged associate firm Sudipti Estates. Justice Vipin Sanghi has now fixed the petition of DL...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 298
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Posted Date : 20-Nov-2011 , 08:24:51 am | Posted By CASANSAAR
Finance Minister Pranab Mukherjee said that the government will provide adequate capital to the state-owned banks during the current fiscal, a move that will help them to meet the international solvency norms. "I would like to reassure, that I will provide adequate capital to the ba...
Continue Reading... Category : Banking | Comments : 0 | Hits : 310
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Posted Date : 19-Nov-2011 , 05:43:50 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has asked cooperative banks not to insist on signatures of both the joint account holders for withdrawal of a fixed deposit at the time of maturity if the account was opened with instruction that either of survivor could operate it. The RBI said in a communication to ...
Continue Reading... Category : Banking | Comments : 0 | Hits : 722
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Posted Date : 19-Nov-2011 , 08:21:38 am | Posted By CASANSAAR
All non-governmental organizations (NGOs) and charitable trusts will now have to compulsorily file details of foreign contributions received in their Income Taxreturns along with their Foreign Contributions Regulation Act (FCRA) number.A revised I-T return form has been prepared by th...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 363
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Posted Date : 19-Nov-2011 , 08:20:12 am | Posted By CASANSAAR
The government's indirect taxes body has released a revised concept paper on taxation of services on the basis of a negative list, making some additions and deletion to the first paper put out in August this year. A lesser 22 services will be under the negative list, or exempt from tax, as again...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 459
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Posted Date : 18-Nov-2011 , 08:21:29 pm | Posted By CASANSAAR
Market regulator Sebi today notified increasing the limit for foreign institutional investors (FIIs) in government securities and corporate bonds by $5 billion each and said the bidding process for the additional amount would be conducted on November 30. The announcement by the Securities a...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 369
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