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With a view to provide efficient and any- time service to students , the Institute of Company Secretaries of India (ICSI), working under the aegis of the Ministry of Corporate Affairs, has moved to complete online registration for the Company Secretaryship (CS) Course w.e.f 1.1.2014. Now the Institu...

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Category : ICSI | Comments : 0 | Hits : 248

The Reserve Bank of India (RBI) on Thursday relaxed foreign direct investment regulations to allow investors to exit their investments subject to the conditions of a minimum lock-in period and without any assured returns. RBI said the relaxation was expected to facilitate great foreign direct i...

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Category : RBI | Comments : 2 | Hits : 341

Entities charged with serious offences like illegal money pooling, insider trading and fraudulent trades will not be able to settle these cases any more after Sebi today notified a stricter set of settlement norms. Making things even worse for such offenders, the new regulations have been notif...

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Category : SEBI | Comments : 0 | Hits : 196

The Income Tax authorities have looked into the affairs of the four cricket associations, namely Saurastra Cricket Association, Baroda Cricket Association, Kerala Cricket Association and Maharastra Cricket Association and have found that these cricket associations were engaged in certain activities ...

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Category : Income Tax | Comments : 1 | Hits : 308

The result of the Chartered Accountants Final Examination held in November, 2013 and CommonProficiency Test (CPT) held in December, 2013 are likely to be declared on Wednesday, the 15thJanuary, 2014 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimumof 55% and abov...

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Category : Students Zone | Comments : 0 | Hits : 1298

People seeking loan against gold jewellery can now borrow more, as the Reserve Bank of India (RBI) on Wednesday allowed non-banking finance companies (NBFCs) to lend up to 75 per cent of the value of the metal from 60 per cent at present. "...it has been decided to raise the LTV (loan-to-alue) rati...

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Category : Banking | Comments : 0 | Hits : 289

Abolishing income tax and other levies and replacing them with some other suitable form of revenue is feasible and desirable, say experts, although some believe that such a move would militate against social equity. Describing the concept as "aspirational", Ficci President Sidharth Birla said: "If ...

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Category : Income Tax | Comments : 0 | Hits : 790

The Ministry of Corporate Affairs has notified the National Company Law Appellate Tribunal (Salaries, Allowances and other terms and conditions of service of the Chairperson and other Members) Rules, 2014 as per the powers conferred by the new Companies Act 2013. As per these Rules, the Chairperson ...

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Category : Corporate Law | Comments : 0 | Hits : 229

Now receive email / BBM alerts on the go from CASANSAAR.COM. This free subscription will entitle you to faster complete updates. Receive Professional, Tax and Career related updates in your mobile / email inbox and stay ahead in your professional life.Some features CASANSAAR SMS / ema...

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Category : ICAI | Comments : 0 | Hits : 1060

Bharatiya Mahila Bank (BMB), the first all-women bank, today signed an agreement with Institute of Chartered Accountants of India (ICAI) for financing students pursuing chartered accountancy.   It has also signed another MoU with ICAI for financing members of ICAI, practicing chartered accoun...

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Category : Students Zone | Comments : 2 | Hits : 1205

After months of dithering, the Reserve Bank of India has allowed foreign investors to use 'call' and 'put' options to structure their investments in India. But experts said the stringent valuation restriction is detrimental to new investments or joint ventures.RBI has amended the foreign exchange ma...

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Category : RBI | Comments : 0 | Hits : 276

A debt-ridden executive of a reputed private bank and his two accomplices have been arrested for allegedly stealing Rs 49 lakh from the account of a dead NRI since November last year, police said today.  The bank employee carried out the theft by transferring the amount to a fake account opene...

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Category : Banking | Comments : 0 | Hits : 371

There’s nothing sexy about death or taxes unless someone promises to abolish it if you vote for them, an American tax lawyer once said.   For the past month or so, top BJP leaders have been thinking aloud about a proposal to abolish income, sales and excise taxes and replace them with...

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Category : Income Tax | Comments : 1 | Hits : 1000

In a major boost to regulation, the Delhi high court on Monday upheld the contention of the comptroller and auditor general of India (CAG) that he could scrutinize the accounts of private telecom companies. Such an audit would, however, be limited to receipts in order to check wh...

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Category : Auditing | Comments : 0 | Hits : 338

The Reserve Bank today allowed Indian companies to issue non-convertible or redeemable preference shares or debentures to non-resident shareholders from their reserves as bonus.   "On a review and with a view to rationalising and simplifying the procedures, it has been deci...

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Category : Income Tax | Comments : 0 | Hits : 247

The Mumbai Police on Monday filed a 9,800-page chargesheet against five accused arrested in connection with the National Spot Exchange Ltd (NSEL) scam, which involves a payment default of Rs 5,600 crore. The voluminous chargesheet included the list of attached properties of the ...

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Category : Shares & Stock | Comments : 0 | Hits : 200

Operations at all the public sector banks (PSBs) and regional rural banks are likely to be affected for two days from January 20 as the United Forum of Banks Unions (UFBU) has given a strike call, demanding wage revision as well as the resolution of certain other issues. UFBU national convener M V ...

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Category : Banking | Comments : 1 | Hits : 444

The capital market regulator SEBI has said that National Securities Clearing Corporation Ltd (NSCCL), Indian Clearing Corporation Ltd (ICCL) and MCX-SX Clearing Corporation Ltd (MCX-SXCCL) are the only qualified central counterparties (QCCPs) in the Indian securities market.   The three corpo...

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Category : Shares & Stock | Comments : 0 | Hits : 246

Terming the existing taxation structure as a "burden", BJP's prime ministerial candidate Narendra Modi on Sunday promised to review and reform the system if his party is voted to power.   "The present taxation system is a burden on the common man. There is a need to reform it. It is the need ...

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Category : Income Tax | Comments : 0 | Hits : 290

The Company Law Act 2013 has a number of provisions on appointment of independent directors and there is a "growing importance" of their role and responsibility, a senior official of city-based cement manufacturer The India Cements Ltd said today. "There is a growing importance of independent d...

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Category : Corporate Law | Comments : 0 | Hits : 322

Congrats to CA.Adish Kumar Jain for being nominated as Director of Corporation Bank. Shri Adish Kumar Jain, B.Sc., L.L.B.,FCA, DISA(ICAI) is a fellow member of the Institute of Chartered Accountants of India (M. No. 071255),having rich experience of over 30 years in the fiel...

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Category : General | Comments : 6 | Hits : 1018

MCX-SX board chaired by former home secretary GK Pillai on Friday appointed Ernst & Young (EY) to carry out forensic audit of the stock exchange since its inception in December 2008 when it began trading in currency futures. The board, which has been taken over by government-appointed representa...

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Category : Auditing | Comments : 0 | Hits : 420

The Reserve Bank of India (RBI)’s panel on financial benchmarks has made several recommendations to bring in more transparency and improve the functioning of financial benchmarks. The panel said in its draft report the methodology used to calculate these benchmarks should be based o...

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Category : RBI | Comments : 0 | Hits : 225

Petrol price has been hiked yet again, this time by a massive 75 paise a litre, while diesel price has been raised by the regulation 50 paise today after jump in global oil rates and fall in Indian rupee value increased the cost of production.   The hikes, effective midnight tonight, are excl...

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Category : General | Comments : 0 | Hits : 232

The state cabinet on Thursday decided to waive the 5% sugarcane purchase tax for a year. The decision was taken as a relief measure for sugar factories that had claimed financial crisis before the beginning of the crushing season 2013-14. The waiver of sugarcane purchase tax was a crucial demand ma...

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Category : General | Comments : 0 | Hits : 331

To ensure more transparency in capital market, Sebi said that mandatory allotment of preferential shares through demat accounts will also be applicable to overseas investors.   The move is part of Sebi's effort to check the flow of illicit funds in the issuance of shares to investors on prefe...

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Category : SEBI | Comments : 0 | Hits : 203

Amid growing clamour from banks to charge customers for transactions at ATMs to make them economically viable, RBI Deputy Governor K C Chakrabarty today said the regulator will have no objections if the lenders charge "reasonable fee" for such services. "If banks charge a reasonable fee on ATM tran...

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Category : RBI | Comments : 0 | Hits : 611

Gearing up for the presentation of interim budget, Finance Ministry has asked different central government departments to come up with their demands by January 10.  The third and final batch of Supplementary Demands for Grants for 2013-2014 (excluding Railways) is proposed to be pres...

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Category : Budget | Comments : 0 | Hits : 290

  CBDT has finally recognised the difficulty faced by the importers of services in filing online 15CA and introduced  the Facility to upload Form 15CA is now available as offline utility. The Remitter may use either online or offline utility to upload Form 15CA. This facil...

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Category : Income Tax | Comments : 0 | Hits : 5486

We are pleased to inform you that the Institute of Chartered Accountants of India is organizing Convocation 2013 at Delhi to distribute Certificates of Membership to the newly enrolled members of the Institute from membership number 526761 to 533317, with a view to promote professional camaraderie a...

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Category : ICAI | Comments : 1 | Hits : 6681