NCLAT allows lenders to meet and finalise Bhushan Power bid
Posted Date : 21-Jul-2018 , 07:38:56 am | Posted By CASANSAAR
The National Company Law Appellate Tribunal (NCLAT) today gave a go-ahead to the lenders' meeting of debt-ridden Bhushan Power & Steel (BPSL), directing it to finalise a bid for the company.
Vacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of...
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Insolvent Professional |
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Pass Percentage & List of Toppers in CA Final May 2018 Exams
Posted Date : 20-Jul-2018 , 01:34:39 pm | Posted By CASANSAAR
The Result of Chartered Accountants Final Examination has been declared.
www.casansaar.com
The Details of Percentage of candidates passed in the above said examinations are given below.
No. of Candidates
Passed Candidates
Pass %
...
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CA Results |
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0 | Hits : 1987
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National GST appellate tribunal on anvil, Council to decide on July 21
Posted Date : 20-Jul-2018 , 08:48:31 am | Posted By CASANSAAR
The GST Council will consider setting up of a National Appellate Tribunal in Delhi with three regional benches with members from judiciary as well as tax departments to hear appeals against the order of the appellate authority set up by states under the GST regime.
According to the proposal...
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GST |
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RBI to hold joint Audit of credit rating agencies with SEBI
Posted Date : 20-Jul-2018 , 08:20:07 am | Posted By CASANSAAR
Credit rating agencies will come under closer regulatory watch amid corporates battling bankruptcies, lenders taking hefty haircuts, and banks trying to prune sticky loans. The Reserve Bank of India (RBI) will conduct regular audit and inspection of rating agencies whose actions can significantly in...
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RBI |
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MCA invites applications from Chartered Accountants having 2 to 5 years of experience
Posted Date : 20-Jul-2018 , 08:17:35 am | Posted By CASANSAAR
Ministry of Corporate Affairs (MCA) invites applications from Chartered Accountants (CAs) having 2 to 5 years of post-qualification experience as Consultant in the MCA Offices located all over India. – (19-07-2018)
Announcement
Ministry of Corporate Affairs (MCA) invites applications fro...
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MCA |
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Cabinet clears bills to amend IBC and withdraw FRDI
Posted Date : 20-Jul-2018 , 08:07:03 am | Posted By CASANSAAR
The government is set to withdraw the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 following persistent opposition and widespread concern over the controversial ‘bail-in’ clause.
The union cabinet gave its nod to the withdrawal of the bill on Wednesday, people aw...
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Insolvent Professional |
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Good Luck - CA Final, ISA & CPT Exam Results 2018 Likely to be announced today
Posted Date : 20-Jul-2018 , 07:46:15 am | Posted By CASANSAAR
The result of the Chartered Accountants Final Examination held in May 2018 and Common Proficiency Test (CPT) held in June 2018 are likely to be declared on Friday, the 20th July 2018 around 6.00 P.M. and the same will be available on the following websites:
...
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CA Results |
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CBDT directs tax sleuths to survey, inspect high value transactions
Posted Date : 19-Jul-2018 , 08:27:34 am | Posted By CASANSAAR
Banking companies, co-operative banks, trustees of mutual funds (MFs), post offices, registrars, and others who are mandated to file the statement of financial transaction (SFT) report on high-value transactions have come under the income-tax department’s (I-T) scanner. The Central Board of Di...
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CBDT |
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Govt decides to withdraw contentious FRDI Bill
Posted Date : 19-Jul-2018 , 07:59:25 am | Posted By CASANSAAR
The National Democratic Alliance (NDA) government has decided to withdraw the contentious Financial Resolution and Deposit Insurance Bill 2017, or FRDI Bill, and is awaiting the cabinet’s nod to move Parliament for this as the government looks to avoid controversial legislation ahead of the 20...
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General |
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NCLT cannot take decision on bids for Bhushan Steel - SC
Posted Date : 18-Jul-2018 , 11:11:14 pm | Posted By CASANSAAR
The Supreme Court on Tuesday passed an order that prevents the National Company Law Tribunal (NCLT) against taking any final decision on bids for the debt-stricken Bhushan Power & Steel (BPSL).
BPSL promoter Sanjay Singal had filed a petition against “a lacuna in valuation of the ...
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Insolvent Professional |
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Cabinet approves ICAI's pacts with NBAA, BIBF
Posted Date : 18-Jul-2018 , 11:07:41 pm | Posted By CASANSAAR
The government today gave its approval to the Institute of Chartered Accountants of India's pacts with Tanzania's National Board of Accountants and Auditors (NBAA) and Bahrain Institute of Banking and Finance (BIBF), according to separate official statements.
The Union Cabinet, chaired by...
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ICAI |
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Grievance Redressal Officers for processing the complaints/information under e-way Bill System
Posted Date : 18-Jul-2018 , 05:17:57 pm | Posted By CASANSAAR
As per the decision of the GST Council, e-way bill system has been rolled-out in a staggered manner across the country. E-way bills are getting generated successfully and till 17th July, 2018, more than Thirteen Crore and Fifty Lakh e-way bills have been generated which includes Six Crore ...
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GST |
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Rajya Sabha passes the State Banks Repeal & Amendment Bill, 2017
Posted Date : 18-Jul-2018 , 10:44:32 pm | Posted By CASANSAAR
The Rajya Sabha has passed the State Banks (Repeal and Amendment) Bill,2017 . The House adopted the amendment moved by the government regarding the bill. The Bill seeks to repeal the State Bank of India (Subsidiary Banks) Act, 1959, the State Bank of Hyderabad Act, 1956 and further to amend th...
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General |
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NCLAT stays voting by Bhushan Power & Steel lenders on finalising bids
Posted Date : 18-Jul-2018 , 07:57:37 am | Posted By CASANSAAR
The NCLAT today stayed the meeting of Committee of Creditors (CoC) of Bhushan Power and Steel Ltd to vote on finalisation of bids of the debt-ridden firm.
The National Company Law Appellate Tribunal (NCLAT) also pulled up the Resolution Professional (RP) of the company, Mahendra Kumar Khandelwal,...
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Corporate Law |
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CBDT instructs taxmen to withdraw appeals below threshold
Posted Date : 18-Jul-2018 , 07:49:45 am | Posted By CASANSAAR
Following the government’s move increasing the threshold for appeals filed by the direct taxes department in order to reduce litigation, the Central Board of Direct Taxes (CBDT) on Tuesday directed its field offices to withdraw by August 20 the appeals pending before tribunals and courts that ...
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CBDT |
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MCA panel may offer penal relief for some offences
Posted Date : 17-Jul-2018 , 09:18:00 am | Posted By CASANSAAR
The government is looking to decriminalise some of the offences in the Companies Act of 2013 so that courts are freed of these cases to focus on more important ones.
The ministry of corporate affairs (MCA) has set up a 10-member committee to review the penal provisions in the Act.
...
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MCA |
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SEBI extends time to collect PAN, bank details of securities holders
Posted Date : 17-Jul-2018 , 09:11:19 am | Posted By CASANSAAR
Markets regulator Sebi today extended deadline till September-end for registrar and share transfer agents (RTAs) to seek PAN as well bank details of shareholders holding securities in physical form. The last date has been extended after taking into consideration, representations from various quarter...
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SEBI |
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PNB, other PSBs may get Rs 8,000 crore lifeline
Posted Date : 17-Jul-2018 , 09:05:19 am | Posted By CASANSAAR
The government may infuse about Rs 8,000 crore in five or six state-run banks that are likely to fall short of regulatory capital requirements, a senior finance ministry official said. These banks may include Nirav Modi scam-hit Punjab National Bank.
“There are some banks that have is...
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Banking |
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CBIC to observe Third Refund Fortnight to clear pending GST refunds
Posted Date : 17-Jul-2018 , 08:57:28 am | Posted By CASANSAAR
Refunds of GST have been a concern for the Government and Trade for the past several months. In this regard, the CBIC has observed two special drives cum refund fortnights in the Month of March, 2018 (15th to 31st March, 2018) and June, 2018 (31st May to 16th June, 2018) respectively. These re...
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GST |
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Unsolicited SMSs, WhatsApp and emails being received by members from prospective candidates
Posted Date : 17-Jul-2018 , 08:50:49 am | Posted By CASANSAAR
The election to the Twenty-Fourth Council and Twenty-Third Regional Councils are scheduled to be held in December, 2018.
We have started receiving complaints from members that they are receiving unsolicited SMSs, WhatsApp and emails from prospective candidates/their representatives seeking suppor...
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ICAI Election |
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Infosys to create new single page GST Return form
Posted Date : 16-Jul-2018 , 08:56:56 am | Posted By CASANSAAR
The GSTN Group of Ministers (GoM) has asked Infosys to create a new tax return filing form in an effort to simplify I-T returns for businesses.
Addressing newspersons at the ninth GSTN GoM meeting, Bihar Deputy Chief Minister Sushil Kumar Modi said taxpayers who file 37 returns a year will file j...
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GST |
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SEBI proposes tighter rules for Auditors, Valuers
Posted Date : 16-Jul-2018 , 08:22:53 am | Posted By CASANSAAR
Securities and Exchange Board of India —capital market regulator — has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies for auditing financial results, among other things.
The Kotak Committee, formed to come up with pro...
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SEBI |
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MCA has constituted a 10-Member Committee to review the offences under the Companies Act, 2013
Posted Date : 15-Jul-2018 , 06:52:49 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) has constituted a 10 Member Committee, headed by the Secretary of Ministry of Corporate Affairs, for review of the penal provisions in the Companies Act, 2013 may be setup to examine ‘de-criminalisation’ of certain offences.
The MCA seeks to revie...
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MCA |
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Bhushan Steel appoints T V Narendran as Chairman
Posted Date : 15-Jul-2018 , 06:51:18 pm | Posted By CASANSAAR
Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of the company.
Narendran, CEO and MD of Tata Steel, has more than 30 years of exper...
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General |
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Income Tax department seeks industry views on taxing overseas online companies
Posted Date : 14-Jul-2018 , 08:17:53 am | Posted By CASANSAAR
Seeking to tax overseas online companies deriving economic value in India, the I-T department today sought industry views on the revenue and user thresholds to determine if they have 'significant economic presence' in the country. Companies like Amazon, Google , Netflix, Facebook, Twitter, p...
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Income Tax |
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No GST on foreign companies' payments to liaison offices for expenses - AAR
Posted Date : 14-Jul-2018 , 08:13:46 am | Posted By CASANSAAR
Foreign companies having liaison offices in India will not have to cough up goods and services(GST) on reimbursements of charges or expenses. A ruling by the Rajasthan Authority for Advance Rulings (AAR) has held that payment of salaries of employees and other working expenses are not services and n...
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GST |
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CA Final and CPT exams result likely to declare next week
Posted Date : 13-Jul-2018 , 08:53:10 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will declare the CA Final Examination and CA CPT results next week, according to reports. The candidates who have appeared for the examination can check their results on official website icai.org.
According to Times Now News, a notification w...
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CA Results |
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RBI makes it mandatory to mention buyer's name on demand draft
Posted Date : 13-Jul-2018 , 08:35:07 am | Posted By CASANSAAR
In a series of measures taken by the Reserve Bank of India to make banking instruments safer and stronger, the central bank on Thursday said it has decided to make it mandatory to mention the name of a purchaser on the face of a demand draft (DD) at a bank branch. In the current form, only the name ...
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RBI |
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Stock brokers can’t accept cash from clients - SEBI
Posted Date : 13-Jul-2018 , 08:33:22 am | Posted By CASANSAAR
Investors can no longer deposit cash in their broker’s account to trade in stocks.
On Thursday, the Securities and Exchange Board of India (SEBI) made it mandatory for stock brokers to accept client funds only by way of bank or electronic transfers such as cheques and mobile banking.
&ld...
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SEBI |
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GST Council to discuss ease of filing returns, rate reduction on July 21
Posted Date : 12-Jul-2018 , 10:21:02 pm | Posted By CASANSAAR
The GST Council will discuss ease of filing returns, ease of assessment and may also consider further rationalisation of tax rates in its upcoming meeting on July 21, Finance Minister Piyush Goyal said on Thursday.
He said the Goods and Services Tax (GST) Council had been responsive to industry d...
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GST |
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