SEBI busts SMS, WhatsApp-based investment scam
Posted Date : 06-Jun-2014 , 09:01:21 am | Posted By CASANSAAR
Capital markets regulator Sebi on Thursday cracked whip on a scam wherein 'trading tips' were being offered through mobile SMSs and WhatsApp messages by unregistered investment advisors while promising guaranteed returns of as much as 200%.
In an interim order passed on Thursday, Sebi...
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SEBI |
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Highlights of the Additional Maharashtra Budget
Posted Date : 05-Jun-2014 , 06:26:38 pm | Posted By CASANSAAR
* Minimum salary limit for Profession Tax increased to Rs 7,500 from Rs 5,000.
* Turn over limit for registration under VAT increased to Rs 10 lakh from Rs 5 lakh
* Tax rate on cotton reduced to 2% from 5%
* Sugarcane purchase tax exempted for 2013-14
* Sales/Lease ...
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Budget |
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Maharashtra presents Rs 4,103-cr revenue deficit for 2014-15
Posted Date : 05-Jun-2014 , 06:15:09 pm | Posted By CASANSAAR
The assembly poll bound Congress-NCP government in Maharashtra on Thursday presented an additional budget for 2014-15 projecting a revenue deficit of Rs 4,103 crore against Rs 3,017 crore in 2013-14.
The proposed revenue deficit is 0.2% of the gross state domestic product (GSDP). The fisc...
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Budget |
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Unclear Companies Act would make things worse: CII
Posted Date : 05-Jun-2014 , 01:14:20 pm | Posted By CASANSAAR
Seeking a comprehensive review of the new Companies Act, industry body CII today said that an "unclear and cumbersome" law would make things worse for the corporates.
"The government needs to trust industry. One or two incidence of corporate malfeasance should not lead to mistrust of the entire spe...
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Corporate Law |
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IICA signs MoU with Grant Thornton
Posted Date : 05-Jun-2014 , 07:03:24 am | Posted By CASANSAAR
The Indian Institute of Corporate Affairs and Grant Thornton India LLP have signed a memorandum of understanding. The objective of the MoU which was signed yesterday in Delhi is to develop capacity of the Indian companies for effective implementation of the CSR Rules laid down as per Section 13...
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Corporate Law |
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Pre-Budget Parleys Begin Today
Posted Date : 05-Jun-2014 , 06:50:09 am | Posted By CASANSAAR
Finance Minister Arun Jaitley, who is expected to present his maiden Budget in the first week of July, is all set to begin pre-budget consultations with various stakeholders beginning Thursday.
To begin with, Jaitley will hold consultations with the farm sector, which is facing uncertaintie...
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Finance |
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Milestone 200
Posted Date : 04-Jun-2014 , 08:49:41 am | Posted By CASANSAAR
CASANSAAR thrilled to announce the launch of 200th Professional Website.
Many thanks to all users for their faith in CASANSAAR. Heartiest thanks to the lucky CA.Suresh Sethi for getting developed 200th website (www.casureshsethi.com) by CASANSAAR.
CASANSAAR is...
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General |
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Sebi bans direct agreement between lender and borrowers of securities
Posted Date : 04-Jun-2014 , 08:07:17 am | Posted By CASANSAAR
Capital market regulator, Sebi, has prohibited lenders and borrowers from entering into a direct agreement under theSecurities Borrowing and Lending framework.
Instead, the agreement will now be between the Authored Intermediary and the Clearning Members.
“The Author...
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SEBI |
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No Change in the date of examination scheduled for 3rd & 4th June, 2014 - ICAI
Posted Date : 03-Jun-2014 , 03:29:02 pm | Posted By CASANSAAR
ANNOUNCEMENT
No Change in the date of examination scheduled for 3rd & 4th June, 2014
Certain enquiries are being received as regard to the holding of examinationon 3rd & 4th June, 2014.
In this connection, attention of the candidates of CA Examinations May, 2014and other s...
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Students Zone |
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Indians can now remit up to $1.25 lakh overseas
Posted Date : 03-Jun-2014 , 03:25:41 pm | Posted By CASANSAAR
A strong rupee has emboldened Reserve Bank of India to relax some of the foreign exchange related restrictions including the individual overseas remittance limit of $75000 per year which has been hiked to $125000.
The central bank has also allowed foreign institutional investors to hedge upto 110% ...
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RBI |
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RBI keeps repo rate unchanged at 8%; SLR cut by 50 bps
Posted Date : 03-Jun-2014 , 11:35:52 am | Posted By CASANSAAR
In line with market expectations, the Reserve Bank of India on Tuesday kept key rates unchanged. While the repo rate was maintained at 8% and reverse repo rate at 7%, the SLR was cut by 50 basis points. Rajan kept the policy rate unchanged at 8 per cent at th...
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RBI |
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EY to audit BJP's ad campaign expenses; party to submit report to EC
Posted Date : 03-Jun-2014 , 08:26:29 am | Posted By CASANSAAR
Bharatiya Janata Party (BJP) has appointed Ernst & Young (EY) to audit spending by advertising, media planning and buying and other communication agencies that crafted and rolled out its advertising and marketing campaign for the 2014 Lok Sabha elections. Further, EY has also been tasked to...
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Auditing |
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Private companies should be brought under secretarial Audit
Posted Date : 02-Jun-2014 , 09:55:43 pm | Posted By CASANSAAR
The Institute of Company Secretaries of India has already represented to the Ministry of Corporate Affairs to bring private limited companies under the ambit of secretarial audit under the new Companies Act, its president R Sridharan said here today. Speaking to reporters here, he said the priv...
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Income Tax |
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Feedback - Observations of the candidates on the question papers of CA examinations-May 2014
Posted Date : 02-Jun-2014 , 09:15:57 pm | Posted By CASANSAAR
31st May 2014
It has been decided to introduce a mechanism to obtain the feedback of the candidates who appear in the CA examinations, on the question papers in CA examinations, with effect from May 2014 examinations.Candidates can bring to the notice of the Examination Department, thei...
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Students Zone |
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Sebi proposal can help government get over Rs 50,000 crore via stake sale
Posted Date : 02-Jun-2014 , 08:20:16 am | Posted By CASANSAAR
The government can rake in more than Rs 50,000 crore through stake sales in about 30 PSUs, if a new Sebi proposal requiring minimum 25 per cent public holding in all listed firms passes muster with the Finance Ministry.
While private sector listed companies are already required to maintain ...
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SEBI |
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Overseas investors pumped in nearly Rs 34000 crore in May
Posted Date : 01-Jun-2014 , 10:16:34 pm | Posted By CASANSAAR
Overseas investors pumped in nearly 34,000 crore rupees in the Indian market last month on hopes that the new government at the Centre would push reforms and spur economic growth.
As per the data compiled by capital markets regulator SEBI, net investment by FIIs into Indian equities in May...
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Shares & Stock |
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Auditors
Posted Date : 01-Jun-2014 , 11:07:49 am | Posted By CASANSAAR
Auditors are now more than watchdogs and have a role of being conscience-keepers, according to experts at the sixth international conference of the Muscat chapter of the Institute of Chartered Accountants of India that concluded on Saturday.
The role was increasingly challenging in the ...
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Auditing |
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Cabinet allows finance ministry to withdraw conciliation offer given to Vodafone
Posted Date : 31-May-2014 , 08:53:28 am | Posted By CASANSAAR
The Cabinet has cleared the finance ministry's proposal to withdraw conciliationoffer given to Vodafone for resolving the Rs 20,000 crore tax row with UK-based telecom company.
"The Cabinet in its last meeting on May 15 has cleared withdrawal of conciliation off...
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Income Tax |
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Hosting of Admit Cards for Common Proficiency Test (CPT) June-2014 Examination
Posted Date : 30-May-2014 , 02:39:54 pm | Posted By CASANSAAR
30th May 2014
Admit cards in respect of all candidates admitted to the Common Proficiency Test (CPT) June 2014 examination, with their photographs and signatures on them, are hosted on www.icai.nic.in. Candidates may print their admit cards from the said website. For downloading/printing of the adm...
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Students Zone |
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Zone Shifting of Candidates for CPT - June 2014
Posted Date : 30-May-2014 , 02:39:01 pm | Posted By CASANSAAR
May 28, 2014
Subject: Zone-shifting of candidates for 22nd June - 2014 CPT
Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Chennai, Hyderabad and Indore, some of the candidates have been allotted examinations centres in the zone oth...
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Students Zone |
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J&K Bank shares tank on news report on window dressing of accounts
Posted Date : 30-May-2014 , 02:10:55 pm | Posted By CASANSAAR
Shares of Jammu Kashmir Bank hit 20 per cent lower circuit in trade after a media report alleged that some of the directors and officers at the bank were not declaring all the non-performing and stressed assets in its loan book. According to the report, the bank has not classified the loan amou...
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Auditing |
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I-T Dept. asked to share wealth details of defaulters with Banks
Posted Date : 30-May-2014 , 08:43:33 am | Posted By CASANSAAR
In a step to help public sector banks to recover bad loans, the Finance Ministry has asked the Income Tax Department to share details of defaulters’ wealth tax returns with public sector banks (PSBs) if they ask for such information.
The Ministry, in a communication to Commissioners o...
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Income Tax |
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New Indian Government Seeks Issuance of More Bank Licenses
Posted Date : 30-May-2014 , 08:40:45 am | Posted By CASANSAAR
India's new government, led by pro-business Prime Minister Narendra Modi, wants regulators to issue more banking licenses to make the country's financial-services industry more competitive, the head of the Department of Financial Services said Thursday.
G.S. Sandhu, speaking to reporters af...
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Banking |
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Govt initiates exercise to raise FDI in defence sector to 100 pct
Posted Date : 30-May-2014 , 08:29:06 am | Posted By CASANSAAR
In a major policy initiative, the Narendra Modi government is proposing to raise FDI in defence sector to 100 per cent through the approval route.
"The Commerce and Industry ministry has circulated a Cabinet note for inter-ministerial consultation," sources said.
The proposal to ra...
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Finance |
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25% Public Shareholding Norms Should be For PSUs too: SEBI
Posted Date : 30-May-2014 , 08:23:20 am | Posted By CASANSAAR
Emphasising that all listed companies should be meted out equal treatment, Sebi Chairman U K Sinha today pitched for minimum 25 per cent public shareholding for PSUs.
At present, private sector companies are compulsorily required to have at least 25 per cent public shareholding, while for governmen...
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SEBI |
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RBI directive on foreign currency accounts
Posted Date : 29-May-2014 , 08:32:55 am | Posted By CASANSAAR
The Reserve Bank of India has directed banks to convert credit balances in any inoperative foreign currency (FC) denominated deposit into Indian rupee if the former remains not in use for three years from the date of maturity of deposit.
Thereafter, the depositor shall be entitled to claim ...
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RBI |
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NDA govt plans to bring in GST within this year
Posted Date : 29-May-2014 , 08:29:37 am | Posted By CASANSAAR
The Narendra Modi-led NDA government plans to introduce the Goods and Services Tax this year itself, and is set to get the process rolling during the Monsoon Session of Parliament.
For this, finance minister Arun Jaitley has sought a separate session with his officials on the status and con...
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GST |
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Corporate Affairs Ministry to be CLUBBED with Finance Ministry
Posted Date : 28-May-2014 , 08:18:46 am | Posted By CASANSAAR
After a decade of independent existence, the Ministry of Corporate Affairs (MCA) will now be clubbed with the Finance Ministry.
"There will be clubbing. Currently the (Corporate Affairs) ministry is under me. A notification has to come," Finance and Corporate Affairs Minister Arun J...
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Corporate Law |
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RBI Ends Penalty For Dormant Accounts
Posted Date : 28-May-2014 , 08:07:17 am | Posted By CASANSAAR
In an attempt to provide some relief to customers, the Reserve Bank of India has asked banks not to charge any penalty for non-maintenance of minimum balance in dormant accounts. Savings accounts and current accounts are treated as dormant if there are no transactions for over two years.
Ac...
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RBI |
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Preparations for Budget kick-off with new finance minister
Posted Date : 28-May-2014 , 08:05:52 am | Posted By CASANSAAR
With top functionaries of the finance ministry on Tuesday making presentations for new finance minister Arun Jaitley and minister of state for finance Nirmala Sitharaman, exercise for Budget 2014-15 kicked off formally. Secretaries of the ministry of finance made PowerPoint presentations to the two ...
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Income Tax |
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