Clarification on Applicability of CPE hours requirement for the new members enrolled for the first time during the block of three years 1.1.2011 to 31.12.2013
Posted Date : 09-Dec-2013 , 01:43:37 pm | Posted By CASANSAAR
1. As per the Statement on CPE a member is exempted only for the particular calendar year during which he gets his membership for the first time.2. For Example: members enrolled at any point of time during the Calendar year 2011 (1st January-31st December, 2011) are exempted for the Calen...
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ICAI |
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5 | Hits : 6262
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Tax demands to Nokia may cross Rs 10,000 Crore
Posted Date : 09-Dec-2013 , 09:00:41 am | Posted By CASANSAAR
he Income Tax department may raise a total demand of over Rs 10,000 crore against Finnish mobile firm maker Nokia which is embroiled in an alleged tax evasion case ahead of its global takeover by software giant Microsoft.
The department has calculated and arrived at the figure and may raise t...
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Income Tax |
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0 | Hits : 870
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Unlisted companies get nod to raise funds abroad
Posted Date : 09-Dec-2013 , 08:52:02 am | Posted By CASANSAAR
Unlisted firms can now raise capital abroad without the requirement of prior listing in India initially for a period of two years after the department of industrial policy and promotion (DIPP) on Friday amended the existing policy on the issue of shares.
The DIPP modified the FDI policy all...
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Finance |
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SC notice to Centre, RBI and CBDT on PIL against PWC (PricewaterhouseCoopers)
Posted Date : 09-Dec-2013 , 08:46:17 am | Posted By CASANSAAR
The Supreme Court on Friday sought responses of the Union finance ministry, Reserve Bank of India, Central Board of Direct Taxes (CBDT) and Registrar of Companies on a PIL seeking a thorough probe into the operations of leading accountancy firmPricewaterhouseCoopers (PwC).
A ...
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Auditing |
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0 | Hits : 1186
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Assembly Elections 2013 Results
Posted Date : 09-Dec-2013 , 08:34:31 am | Posted By CASANSAAR
Chhattisgarh
Madhya Pradesh
Rajasthan
Delhi
Party
Lead
Won
INC
0
39
BJP
0
49
BSP
0
1
OTH
0
1
Party
Lead
Won
INC
2
58
BJP
2
161
BSP
0
4
OTH
0
3
Party
Lead
Won
INC
0
2...
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General |
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Law Ministry starts vetting new Companies Act provisions
Posted Date : 08-Dec-2013 , 06:11:49 pm | Posted By CASANSAAR
The Law Ministry has started vetting provisions of the new Companies Act, which is expected to be in force by April next year. The Companies Act, 2013, that replaces nearly six-decade old law governing corporates, has many new provisions including those related to social welfare spending and in...
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Corporate Law |
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0 | Hits : 969
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Pay more for safety, banks may raise ATM cost by Rs 6 per transaction
Posted Date : 07-Dec-2013 , 05:38:21 pm | Posted By CASANSAAR
ATM usage is likely to get costlier as banks are planning to hike ATM charges by Rs 6 per transaction. The proposal to hike charges comes after a few state governments asked banks to tighten security at ATMs following the brutal assault of a customer inside an ATM in Bangalore in November.
...
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Banking |
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Sebi issues advisory to general public on complaints
Posted Date : 07-Dec-2013 , 08:59:02 am | Posted By CASANSAAR
Capital markets Sebi today issued a detailed advisory for general public on how they can take up their grievances on various issues including investment frauds, manipulative activities and other irregularities.
While providing a guidance to general public on effective ways to redress their gr...
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SEBI |
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Over 18,000 additional posts to be created in Indirect Tax wing
Posted Date : 07-Dec-2013 , 08:53:02 am | Posted By CASANSAAR
The Indirect Tax wing of the Finance Ministry, consisting of Custom, Excise and Service Tax Department, will get over 18,000 new recruits.
This is a part of cadre restructuring proposal of the Central Board of Excise and Custom (CBEC) as approved by the Cabinet on Thursday.
The mov...
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Excise |
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Complete Switchover to Online Mode for Registration and Enrolment at ICSI from 1.1.2014
Posted Date : 06-Dec-2013 , 08:28:58 pm | Posted By CASANSAAR
The Institute of Company Secretaries of India (ICSI), functioning under the aegis of the Ministry of Corporate Affairs, has decided to move fully to the online registration from 1st January 2014. Earlier, the Institute had moved to online enrolment for examination from 1st October 2013. So, from 01....
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ICSI |
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SC notice to Centre, RBI over alleged PricewaterhouseCoopers irregularities
Posted Date : 06-Dec-2013 , 07:35:21 pm | Posted By CASANSAAR
The functioning of UK-based multinational accounting firm PricewaterhouseCoopers (PwC) Pvt Ltd and its network audit firms in India came under judicial scrutiny with the Supreme Court agreeing to hear a petition for a probe against them for allegedly indulging in financial irregularities and fudging...
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Auditing |
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Fifty companies owe more than R40,000 crore to banks
Posted Date : 06-Dec-2013 , 08:28:57 am | Posted By CASANSAAR
As much as 25 per cent of the total non-performing assets (NPAs) in public sector banks (excluding SBI) is accounted for by 50 corporates with Kingfisher Airlines and Winsome Diamond topping the list.
The combined default by the 50 corporates totalled to Rs 40,528 crore of bank loans. The t...
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Category :
Banking |
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0 | Hits : 1109
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Govt allows deduction of CTT as part of business income
Posted Date : 05-Dec-2013 , 08:17:44 pm | Posted By CASANSAAR
In a relief to commodity exchanges, the government has allowed deduction of Commodity Transaction Tax (CTT) to traders as it forms part of their business income.
The move will benefit Multi Commodity Exchange of India (MCX), National Commodity and Derivatives Exchange (N...
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Income Tax |
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0 | Hits : 947
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RBI asks urban co-operative banks to provide TDS certificate to customers on time
Posted Date : 05-Dec-2013 , 04:06:26 pm | Posted By CASANSAAR
Reserve Bank today directed urban co-operative banks to provide their customers tax deduction at source (TDS) certificate on time to enable timely filing of income tax returns. ."With a view to protecting the interests of depositors and for rendering better customer service, urban co-opera...
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Category :
Income Tax |
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0 | Hits : 641
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NSEL crisis: Over 30 brokers under regulatory scanner
Posted Date : 05-Dec-2013 , 09:01:47 am | Posted By CASANSAAR
As the NSEL crisis deepens, role of at least 32 brokerage firms has come under the scanner for allegedly charging high transaction charges and providing portfolio management and margin funding services to their clients in violation of regulations.These brokers were apparently working as Ca...
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Shares & Stock |
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RBI's draft norms on large banks seek additional capital buffer
Posted Date : 05-Dec-2013 , 08:58:19 am | Posted By CASANSAAR
To protect the financial system from risks emanating from large banks, the Reserve Bank of India (RBI) has floated draft guidelines for the domestic systemically important banks (D-SIBs) that would require such lenders to maintain an additional core capital of up to 0.80 per cent...
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Banking |
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Download CMA's Exam Admit Card for December - 2013 Term Examination
Posted Date : 04-Dec-2013 , 07:50:09 pm | Posted By CASANSAAR
It has been decided that from Dec-2013 term of Examination dispatch of hard copy of the Admit Card to the Student will be discontinued. Admit Card of Dec-2013 term will be available in the Official Website of the Institute from last week of November, 2013 and student can dow...
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Students Zone |
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Core investment cos can raise external comm loans for SPVs
Posted Date : 04-Dec-2013 , 02:17:20 pm | Posted By CASANSAAR
The RBI allowed core investment companies to raise external commercial borrowing (ECB) for projects floated as special purpose vehicle in order to strengthen the flow of resources into the infrastructure sector. They will be allowed to raise funds via ECBs with certain riders, the RBI said in a noti...
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RBI |
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NSEL scam: Police attach properties of Jignesh Shah, three others
Posted Date : 04-Dec-2013 , 09:43:35 am | Posted By CASANSAAR
The long arm of the law seems to be catching up with Jignesh Shah and his trusted lieutenants - Joseph Massey and Shreekant Javalgekar.
The Mumbai police has attached Jignesh Shah's bungalow in Juhu, Mumbai's posh suburb, and shares of Financial Technologies (FT), his business empire's flagship com...
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Shares & Stock |
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0 | Hits : 698
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Sebi issues revised format on assets and liabilities for firms
Posted Date : 03-Dec-2013 , 08:49:43 pm | Posted By CASANSAAR
Bringing its regulations in line with the new companies law, Sebitoday issued revised norms for firms with regard to their illustrating assets and liabilities.
The changes are part of norms on 'Issue of Capital and Disclosure Requirements' for listed firms. These are aimed at aligning existing...
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Corporate Law |
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0 | Hits : 1033
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ICAI invites applications from highly competent candidates for the position of SECRETARY
Posted Date : 03-Dec-2013 , 03:21:18 pm | Posted By CASANSAAR
ICAI, the second largest accounting body in the world, set up by an Act of Parliament, is looking for a high profile and multi-faceted personality with leadership qualities, excellent communication, interpersonal and motivational skills for the position of Secretary. This is an EXCELL...
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ICAI |
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Tax row: IT Department rejects Nokia India's offer to pay Rs 2,250 crore
Posted Date : 03-Dec-2013 , 07:56:36 am | Posted By CASANSAAR
The Income Tax (IT) Department, on Monday, told the Delhi High Court that the offer of Finnish mobile maker Nokia to pay a minimum deposit of Rs. 2,250 crore to it is not acceptable.
Nokia India, however, stuck to its offer. A bench of justices Sanjiv Khanna and Sanjeev Sachdeva observed &l...
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Category :
Income Tax |
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0 | Hits : 1159
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Inflation Indexed National Saving Securities- Cumulative (IINSS-C)
Posted Date : 02-Dec-2013 , 04:56:32 pm | Posted By CASANSAAR
The Government of India, in consultation with Reserve Bank of India, has decided to launch Inflation Indexed National Savings Securities-Cumulative (IINSS-C) for retail investors in the second half of December 2013. These securities are being launched in the backdrop of announcement made in the...
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Income Tax |
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0 | Hits : 1007
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Elections 2014: 31% of AAP supporters want Narendra Modi as next PM
Posted Date : 02-Dec-2013 , 10:29:49 am | Posted By CASANSAAR
Aam Aadmi Party (AAP) chief ministerial candidate Arvind Kejirwal and the BJP's nominee for prime minister Narendra Modi appear to have few similarities. If the former, a political rookie, is seen as a harbinger of cleaner politics and a socialist leaning heavily on populism, Modi, a veteran with a ...
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General |
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0 | Hits : 883
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Income Tax department reveals top 10 assessees in all catagories
Posted Date : 02-Dec-2013 , 08:36:52 am | Posted By CASANSAAR
Directors of Kamal Sponge Steel and Power Kamaljeet Singh Ahluwalia and Prashant Ahluwalia, both facing CBI probe in coal scam, are in the list of top 10 Income Tax assessees in the ‘Individual’ category for 2011-12, according to an RTI reply.
The I-T department data shows that ...
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Income Tax |
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0 | Hits : 2693
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Tehelka holding company networth negative; Auditors red-flag issues
Posted Date : 01-Dec-2013 , 08:25:00 pm | Posted By CASANSAAR
As Tarun Tejpal battles alleged sexual assault charges by a woman colleague, the filings made by Tehelka’s holding company shows a negative networth with liabilities far exceeding its assets.
Besides, auditors have red-flagged issues like absence of an internal audit committee and non...
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Auditing |
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0 | Hits : 1318
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RBI aims to make people aware of not writing on currency notes
Posted Date : 01-Dec-2013 , 08:45:40 am | Posted By CASANSAAR
The Reserve Bank aims to create awareness among people about not writing anything on the currency notes and that they need to keep them clean, Deputy Governor K C Chakrabarty said on Saturday.
However, when asked if banks would stop accepting such notes from Januray 1, 2014 onwards, he said: ...
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Banking |
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0 | Hits : 963
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Finance professionals in India frustrated by lack of investment: Survey
Posted Date : 01-Dec-2013 , 08:44:40 am | Posted By CASANSAAR
Indian finance professionals have witnessed more business opportunities over the past six months but are frustrated due to their inability to use such situations, a survey says.
According to the latest global economic conditions survey, undertaken by the Association of Ch...
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Finance |
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0 | Hits : 850
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Punching PIN must for debit card transactions from Dec.1
Posted Date : 30-Nov-2013 , 09:11:01 pm | Posted By CASANSAAR
Debit card holders will be required to punch in their PIN numbers every time they use the card from Sunday, Dec. 1, a move aimed at minimising frauds.
In June, the Reserve Bank had extended the deadline for implementation of mandatory PIN punching at Point-of-Sales (PoS) and merchant outlet...
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Banking |
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0 | Hits : 1206
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RBI dilutes policy, allows banks to become insurance brokers
Posted Date : 30-Nov-2013 , 04:40:29 pm | Posted By CASANSAAR
Diluting its earlier tough stance, the Reserve Bank of India has decided to permit banks to undertake insurance broking business departmentally, subject to the requirements, including the minimum net worth of Rs 500 crore.
"Banks desirous of offering insurance broking services should seek s...
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Banking |
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