Cabinet tweaks Companies Act, relaxes norms for doing business
Posted Date : 02-Dec-2014 , 10:38:10 pm | Posted By CASANSAAR
Within months of the new Companies Act coming into force, the government today cleared a slew of changes to this law to make it easier for corporates to do business and to ensure severe punishment for those raisingillegal deposits from the public.
This would be among the first major initiat...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1901
|
 |
SFIO probed 17 firms for corporate frauds in FY15 so far - FM
Posted Date : 02-Dec-2014 , 07:31:52 pm | Posted By CASANSAAR
As many as 17 firms have been probed by the government's investigation arm the Serious Fraud Investigation Office (SFIO) for corporate frauds in the current financial year so far, the Parliament was informed by Corporate Affairs Minister Arun Jaitley.
With this, a total of 81 companies h...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1056
|
|
Suggestions Invited from General Public for Improving Performance of Public Sector Banks (PSBS)
Posted Date : 02-Dec-2014 , 12:15:48 pm | Posted By CASANSAAR
Government of IndiaMinistry of Finance
01-December-2014
Suggestions Invited from General Public for Improving Performance of Public Sector Banks (PSBS)
Suggestions from general public as to how to improve performance of Public Sector Banks on various parameters are i...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 992
|
|
RBI likely to maintain status quo in its review today
Posted Date : 02-Dec-2014 , 08:44:48 am | Posted By CASANSAAR
Reserve Bank may keep policy rates unchanged in its upcoming monetary policy review on Tuesday even as the Finance Minister and industry clamoured for the rate cut to prop the economy.
The demand for rate cut is also reinforced by the fact that inflation has hit multi-year low and crude oil price c...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1003
|
|
Court warns Service Tax dept against filing Frivolous Pleas
Posted Date : 02-Dec-2014 , 08:33:32 am | Posted By CASANSAAR
A Delhi court has warned Service Tax department against filing "frivolous" and "vexatious" petitions against individuals and wasting the precious time of court and money of common people.
Additional Sessions Judge Lokesh Kumar Sharma pulled up the department while rejecting its...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1155
|
|
Banking services to be hit as unions get ready to go on relay strike from Tuesday
Posted Date : 01-Dec-2014 , 09:43:14 pm | Posted By CASANSAAR
The United Forum of Banking Unions (UFBU) will go ahead with its relay zonal strikes in various parts of India starting Tuesday to press for wage revision, a union leader said Monday.
"The deputy chief labour commissioner in Mumbai convened a meeting between the banking union and Indian Ban...
Continue Reading...
Category :
Banking |
Comments :
1 | Hits : 1270
|
|
Government approves fifteen (15) proposals of Foreign Direct Investment (FDI) amounting to about Rs. 689.35 Crore
Posted Date : 01-Dec-2014 , 06:41:46 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on November 14, 2014, the Central Government has approved fifteen (15) proposals of Foreign Direct Investment (FDI) amounting to Rs. 689.35 crore approximately.
&...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1417
|
|
Golden Opportunity for Professionals (CA, CS, CMA) by CASANSAAR - Domain + Website + Hosting + 2 email id @ Just Rs.3100
Posted Date : 01-Dec-2014 , 08:39:29 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish.
By payin...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1416
|
|
ICAI seeks mandatory Bank Audit on the Suggestions & Memorandum of TAR Group
Posted Date : 30-Nov-2014 , 09:51:41 am | Posted By CASANSAAR
The Institute of Chartered Accountants said it has approached the Central Government for the mandatory audit of bank branches across the country.
According to institute officials, the move would bring about more discipline in banks, especially on the lending front where non-performing asset...
Continue Reading...
Category :
Banking |
Comments :
2 | Hits : 1981
|
|
CBDT orders IT probe against select real estate firms
Posted Date : 30-Nov-2014 , 09:34:37 am | Posted By CASANSAAR
CBDT has ordered an Income Tax department investigation against a number of real estate developers who were recently shown by an investigative portal to be willing to accept alleged black money in property transactions.
The apex authority of the I-T department has asked its investigation un...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1212
|
|
Public Sector Banks get autonomy to appoint Auditors
Posted Date : 29-Nov-2014 , 08:45:03 am | Posted By CASANSAAR
The government said public sector banks (PSBs) will get autonomy in selection and appointment of their Statutory Central Auditors (SCAs).
"The work of selection and appointment of SCAs henceforth, has been delegated to individual PSBs for the year 2014-15 onwards," the f...
Continue Reading...
Category :
Auditing |
Comments :
4 | Hits : 2220
|
|
Women Empowerment - 50,000 Women CAs in India
Posted Date : 29-Nov-2014 , 08:35:25 am | Posted By CASANSAAR
The number of women seeking to get into the number-crunching profession of chartered accountancy (CA) has taken a big leap in the past couple of years. Female enrolments to the Common Proficiency entrance test (CPT) for the CA course, conducted by the Institute of Chartered Accountants of India (ICA...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1377
|
|
Saradha scam: Fraud office, ED approach ICAI for probe against members
Posted Date : 29-Nov-2014 , 08:29:44 am | Posted By CASANSAAR
The Serious Fraud Investigation Office (SFIO) and the Enforcement Directorate (ED) have approached the Institute of Chartered Accountants of India (ICAI) to look into the professional misconduct of its members engaged in financial accounting and auditing in various Saradha group outfits.
Th...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 1193
|
|
Anywhere, anytime bill payment for all
Posted Date : 29-Nov-2014 , 08:25:37 am | Posted By CASANSAAR
Anywhere, anytime bill payment — currently available to only a section of Indians with access to netbanking and that, too, restricted to a handful of utilities — will soon be available for all citizens for all utilities under the Bharat Bill Payment System (BBPS).
The Reserv...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1085
|
|
RBI issues final norms for payment, small finance banks
Posted Date : 28-Nov-2014 , 08:44:15 am | Posted By CASANSAAR
Introducing a new concept of niche banking in India, RBI on Thursday issued final norms for payment banks and small finance banks that would allow mobile firms and supermarket chains, among others, to enter the banking arena to cater to individuals and small businesses.
The move, aimed at dee...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1171
|
|
Sebi to allow partly paid shares to foreign investors
Posted Date : 28-Nov-2014 , 08:32:32 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) could soon allow Indian companies to issue partly paid-up shares and warrants to foreign investors.
According to people in the know, the norms are going to be streamlined for all forms of equity capital, including public issue and rights i...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 829
|
|
Tax System Has to be Friendly to Taxpayer : Finance Minister
Posted Date : 28-Nov-2014 , 08:25:57 am | Posted By CASANSAAR
India is moving towards a tax-friendly regime to erase the "bad name" it has earned over the years, Finance Minister Arun Jaitley said on Thursday.
"Our tax system has to be friendly with tax payers and that is what we are trying to do step by step," he said, replying to a debate on tax evasi...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 909
|
|
FM Revises the Target of Opening of Bank Accounts under PMJDY to 10 Crore by 26th January, 2015
Posted Date : 28-Nov-2014 , 08:21:55 am | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley revises the target for opening of accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) from 7.5 crore to10 crore by 26th January, 2015. This will amount to opening of one account for each household in the country. The Finance Minister also asked the offi...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 771
|
|
Finance ministry revives proposal to set up holding company for state-run banks
Posted Date : 27-Nov-2014 , 07:58:11 am | Posted By CASANSAAR
The finance ministry has revived a proposal to set up a holding company for state-run banks that will find it easier than individual lenders to raise capital and deploy it in banks that need it the most.The government is re-examining the structure of the holding company to see whether it will be via...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 842
|
|
ICAI Elections 2015 :- One Seat for Central Council may increase from Northern
Posted Date : 26-Nov-2014 , 02:43:47 pm | Posted By CASANSAAR
One Seat for Central Council may increase from Northern. As per reilable Sources we come to know about the Members Detail of ICAI Region Wise.
Total Number of Members of ICAI as on 27.10.14 - 227555.
Central 36720;
Eastern 21935;
Northern 46059;
Wes...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 4969
|
|
RBI Governor Slams Banks for Hiding NPAs
Posted Date : 26-Nov-2014 , 08:30:40 am | Posted By CASANSAAR
In his most hard-hitting speech against recalcitrant defaulters, Reserve Bank of India governor Raghuram Rajan has said that the amount written off by banks as bad debts in the last five years would have been enough to fund the education of 15 lakh of the poorest children in the top private universi...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1189
|
|
RBI warns firms on routing overseas funds to India operations
Posted Date : 26-Nov-2014 , 08:07:06 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday clamped down on Indian firms raising funds overseas and routing them to India through certain types of structures.
In a notification, RBI noted that some Indian firms access overseas markets for debt funds through overseas subsidiaries and associates and...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1134
|
|
Over 275 independent directorships vacant at NSE-listed Companies
Posted Date : 26-Nov-2014 , 07:56:50 am | Posted By CASANSAAR
As many as 277 independent directorship positions have fallen vacant in NSE-listed firms since February, when Sebidecided to restrict the number of companies such directors can serve. Further, six independent directorship positions need to be vacated in NSE-listed companies to comply with ...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1168
|
|
Banks collect Rs 6,000 crore in deposits from 7.9 crore accounts under Jan Dhan Yojana
Posted Date : 26-Nov-2014 , 07:53:05 am | Posted By CASANSAAR
Banks have collected over Rs 6,000 crore by opening 7.9 crore accountsunder the Pradhan Mantri Jan Dhan Yojana, said a senior Finance Ministry official. "PMJDY is for the people, and especially for the women. The objective of the scheme is to bring the people to the financial wor...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 970
|
|
Expert Committee to Review E-Forms Under the Companies Act
Posted Date : 26-Nov-2014 , 07:43:43 am | Posted By CASANSAAR
Expert Committee Constituted to Review E-Forms in order to Simplify Procedures for Stakeholders Under the Companies Act
The Government has recently constituted an Expert Committee to review e-forms and other overall filing process, in order to simplify procedures for sta...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1198
|
|
Public sector banks may take hit of Rs 96000 Cr due to coal block cancellation
Posted Date : 25-Nov-2014 , 08:15:19 pm | Posted By CASANSAAR
Public sector banks may take a hit of Rs 96,484 crore due to cancellation of coal blocks to power projects, Minister of State for Finance Jayant Sinha said on Tuesday.
The Supreme Court had in September cancelled allocation of 204 coal mines since 1993 to power plants and other user industr...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 799
|
|
SEBI Aligns Overseas Derivative Instrument Rules
Posted Date : 25-Nov-2014 , 03:31:42 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) said on Monday it is revising the rules for offshore derivative instruments (ODIs) to bring them in line with new foreign investment norms approved earlier this year.
According to the SEBI statement on Monday, ODIs will now have to be consis...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 776
|
|
10 names shortlisted for appointment as CMDs in 8 PSU banks
Posted Date : 25-Nov-2014 , 08:26:42 am | Posted By CASANSAAR
A High-level search panel headed by Reserve Bank Governor Raghuram Rajan has shortlisted 10 Executive Directors for the post of Chairman and Managing Director (CMD) in eight public sector banks. Bank of Baroda Executive Directors (ED) B B Joshi and P Srinivas, Punjab & Sind Bank's ...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1475
|
|
CA Institute President K Raghu appointed as IFAC Board Member
Posted Date : 25-Nov-2014 , 08:26:35 am | Posted By CASANSAAR
The president of chartered accountants body ICAI, K Raghu, has been elected to the board of International Federation of Accountants (IFAC). Raghu has been elected for a three-year period starting from November this year. IFAC, a global body for the accountancy professio...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 845
|
|
SEBI directs foreign investors to comply with P-Note norms
Posted Date : 25-Nov-2014 , 08:22:57 am | Posted By CASANSAAR
Amid concerns about the possible misuse of Offshore Derivative Instruments, or P-Notes, for money laundering and other such purposes, Sebi on Monday directed foreign investors to ensure compliance with all necessary norms before issuing such notes with immediate effect.
While exis...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 897
|
|
|
