Sebi makes it mandatory for investment advisors to maintain record
Posted Date : 26-Feb-2013 , 08:34:42 am | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) making it mandatory for advisers to keep a record of all 'investment advice provided, whether written or oral'.
In a set of comprehensive guidelines, the markets regulator has laid emphasis on suitability of investment advice given to investor...
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Accounts |
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Delhi government tightens noose on builders evading VAT on work contract
Posted Date : 26-Feb-2013 , 08:30:42 am | Posted By CASANSAAR
Builders and ancillary units in theconstruction industry evading VAT on 'work contract' need to watch their step as the trade and taxes department of the Delhi government is tightening its noose on defaulters .
The department's special zone is preparing a list of...
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VAT |
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CS December 2012 Exam Results - List of Toppers
Posted Date : 26-Feb-2013 , 08:17:42 am | Posted By CASANSAAR
ALL INDIA PROVISIONAL MERIT LIST FOR CS EXAMINATIONS HELD IN DECEMBER,2012 SESSION
LIST OF FIRST 25 TOP RANKERS WHO HAVE PASSED ALL PAPERS OF FOUNDATION PROGRAMME, EXECUTIVE PROGRAMME AND PROFESSIONAL PROGRAMMEEXAMINATIONS WITHOUT EXEMPTION IN ANY PAPER, IN ONE SITT...
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Income Tax |
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EPFO announces 8.5% interest on P.F. for 2012-13
Posted Date : 25-Feb-2013 , 09:37:37 pm | Posted By CASANSAAR
The Employee’s Provident Fund Organisation has announced a higher interest rate of 8.5 per cent in 2012-13 compared with 8.25 per cent announced last year for over 5 crore subscribers of the Centre’s provident fund scheme.
The interest rate, approved by the Central Boa...
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Income Tax |
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Supreme Court refuses to grant more time to Sahara to refund Rs. 24,000 crore
Posted Date : 25-Feb-2013 , 09:34:33 pm | Posted By CASANSAAR
The Supreme Court today dismissed a petition filed by the Sahara group seeking an extension of a deadline for depositingmoney and documents with market regulator Securities & Exchange Board of India (Sebi). The Sahara group was ordered in August last ...
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Category :
General |
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ICAI branch election counting- Mismanagement by ICAI
Posted Date : 25-Feb-2013 , 01:04:34 pm | Posted By CASANSAAR
Total mismanagement has been seen at the time of counting of branch elections at Noida. Lots of branch level candidates and members of ICAI protested and forwarded a letter to ICAI President, Vice President and all council members.
CASANSAAR Team got a copy of complaint made by the members ...
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ICAI |
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ICSI
Posted Date : 25-Feb-2013 , 08:48:08 am | Posted By CASANSAAR
Members of ICSI are requested to send the scanned images of the latest coloredphotograph for uploading/replacing on the website of the Institute for facilitating the online verification of Member’s Identity and also of the specimen signature. We would r...
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ICSI |
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Rail Budget 2013-14 to be presented on Tuesday
Posted Date : 25-Feb-2013 , 08:36:51 am | Posted By CASANSAAR
Railway Budget 2013-14 will be presented in the Parliament by the Railway Minister Pawan Kumar Bansal on February 26, 2013, Tuesday.
This will be Bansal’s maiden Rail Budget and it is expected that he will announce the introduction of about 100 trains, including AC do...
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Budget |
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LG India gets tax demand on high advertising spend
Posted Date : 25-Feb-2013 , 08:13:02 am | Posted By CASANSAAR
The income tax department has got a shot in the arm, with a special bench constituted by the Income Tax Appellate Tribunal (ITAT) ruling that consumer electronics major LG Electronics India is liable to pay tax on “excessive” advertising and marketing s...
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Income Tax |
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SAT reduces penalty on CA firm owner to Rs 3 lakh in BoR case
Posted Date : 24-Feb-2013 , 09:55:51 pm | Posted By CASANSAAR
The Securities Appellate Tribunal (SAT) has reduced the penalty imposed by Sebi on an individual from Rs 6 lakh to Rs 3 lakh in relation to non-compliance with the market regulator's summons over probe in affairs of erstwhileBank of Rajasthan (BoR).
Securities and E...
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ICAI |
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0 | Hits : 915
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IT, ITeS SEZs allowed to set up disaster recovery centers
Posted Date : 24-Feb-2013 , 09:47:19 pm | Posted By CASANSAAR
The government has allowed Information Technology (IT) and IT Enables Services, special economic zones to set up disaster recovery centres outside their limits at any part of the country.
The Commerce and Industry Ministry said the locations for such facilities will be approved by the deve...
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Category :
General |
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Need to move towards tech-driven tax administration: FM
Posted Date : 23-Feb-2013 , 04:04:16 pm | Posted By CASANSAAR
Finance Minister P Chidambaram today said there is need to move towards a technology driven tax administration and called on all assesses to file tax returns.
"We will have to get each one of the 28 lakh tax deductees (under TDS). The tax amount would be credited to the government...
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Income Tax |
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0 | Hits : 696
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Private companies, PSUs can set up banks, says RBI
Posted Date : 23-Feb-2013 , 09:14:04 am | Posted By CASANSAAR
Almost three years after it was first promised in theUnion Budget of 2010-11, the Reserve Bank of India has allowed all private and public sector companies to apply for bank licences, paving the way for business houses such as the Tatas, Aditya Birla group, L&T, ADAG, Mahindr...
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Banking |
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0 | Hits : 987
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MCA-21 glitches: Sachin Pilot says cos to get more time for filing
Posted Date : 22-Feb-2013 , 10:39:55 pm | Posted By CASANSAAR
The government will give extra time to waive the additional fees on companies following glitches in the electronic filings system MCA-21, Corporate Affairs Minister Sachin Pilot said today. The MCA 21 portal has been facing glitches since the maintenance contract has gone to Info...
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Category :
Corporate Law |
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Revised Passing Requirements for Common Proficiency Test (CPT) effective from June, 2013
Posted Date : 22-Feb-2013 , 07:43:00 pm | Posted By CASANSAAR
In terms of the decision of the Council taken at its 317thmeeting in pursuance ofNotification No. 1-CA(7)/145/2012 dated 1st August, 2012, it is notified for general information thatthe passing requirements of CPT effective from June, 2013 shall be as under:-
“A candidate for the...
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Category :
Students Zone |
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RBI issues guidelines for licensing of new banks in private sector
Posted Date : 22-Feb-2013 , 06:18:28 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) released final guidelines for issuing new bank licences on Friday, paving the way for corporate houses to enter the banking sector.
The RBI said it will allow applications for new bank licences until July 1, 2013, and in its statement did not exclude companies from a...
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Category :
Banking |
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FM to Dedicate Centralized Processing Cell for Tax Deducted at Source, CPC (TDS)
Posted Date : 22-Feb-2013 , 06:08:22 pm | Posted By CASANSAAR
The Union Finance Minister Shri P. Chidambaram, will dedicate the Centralized Processing Cell for Tax Deducted at Source, CPC (TDS) to the nation tomorrow.
The CPC (TDS) will be situated at Aaya...
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Category :
Income Tax |
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Nearly 16,700 vacancy in Income Tax dept: Govt
Posted Date : 22-Feb-2013 , 06:04:57 pm | Posted By CASANSAAR
The Income Tax department has as many as 16,696 posts lying vacant but they are manned by existing employees by holding additional charge so that work is not affected, Parliament was informed today.
Vacancies arise on account of retirement/VRS, promotion, deputation and offic...
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Category :
Income Tax |
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0 | Hits : 2134
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Sebi 'cautions' investors, public against dealings with Sahara
Posted Date : 22-Feb-2013 , 01:05:03 pm | Posted By CASANSAAR
Close on the heels of ordering attachment of bank accounts, investments and all other assets of two Sahara group firms and their promoters, including group chief Subrata Roy, market watchdog Sebi today cautioned the investors and general public against transacting with these companies...
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SEBI |
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Supreme Court forms CBI-income tax team for Niira Radia tape scrutiny
Posted Date : 22-Feb-2013 , 08:48:01 am | Posted By CASANSAAR
The Supreme Court on Thursday constituted a team of CBI and income taxofficials to scan transcripts of 5,831 intercepted telephone conversations of former corporate lobbyist Niira Radia with politicians, industrialists and others to segregate those with criminality from inno...
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Income Tax |
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Banks NPAs soar 43.1% in first 3 quarters to Rs 1.79 tln: Care
Posted Date : 21-Feb-2013 , 10:36:32 pm | Posted By CASANSAAR
Ratings agency Care today said non-performing assets of banks have increased by 43.1 per cent to Rs 1.79 trillion in the first three quarters of the fiscal. "The major problem confronting banks remains to be NPAs which have grown by 43.1 per cent on top of a similar growth last year,"...
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Category :
Banking |
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Exposure Draft of Excel Template of Taxonomy for Non-Banking Financial Companies (NBFCs)
Posted Date : 21-Feb-2013 , 10:12:21 pm | Posted By CASANSAAR
While the filing of the financial statements in XBRL format had begun for a class of companies, NBFCs were kept outside the purview, despite the fact that these companies also followed the Schedule VI format. Owing to peculiar nature of business as compared to the other Commercial ...
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Category :
ICAI |
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Bharat Bandh losses to Indian economy may amount to Rs 26,000 cr, says Assocham
Posted Date : 21-Feb-2013 , 07:47:05 am | Posted By CASANSAAR
Industry body Assocham today expressed the fears that the loss toIndian economy due to the two-day trade union-sponsored Bharat Bandh strike by central trade unions could be about Rs 26,000 crore, higher than its initial estimate of Rs 15,000-20,000 crore.
"Against initial es...
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Category :
General |
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RBI tightens norms for import of precious, semi-precious stone
Posted Date : 21-Feb-2013 , 07:41:14 am | Posted By CASANSAAR
The Reserve Bank tightened norms for import of precious and semi-precious stones by imposing a limit of 90 days towards letter of credit.
"It is clarified that Suppliers' and Buyers' Credit (trade credit) including the usance period of Letters of Credit opened for import ofprecious stones...
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RBI |
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CS December 2012 Exam results likely on 25.02.2013
Posted Date : 20-Feb-2013 , 10:30:55 pm | Posted By CASANSAAR
COMPANY SECRETARIES EXAMINATION RESULTS DECEMBER, 2012
The Result Of Foundation Programme (Old Syllabus), Executive Programme And Professional Programme Examinations Held In December, 2012 Is Scheduled To Be Declared At 11.00 A.M. On 25th February, 2013. The Results Alongwith...
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ICSI |
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0 | Hits : 992
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Average salary hikes of Indian companies expected to be around 10%: Aon Hewitt
Posted Date : 20-Feb-2013 , 09:13:05 pm | Posted By CASANSAAR
Indian companies are expected to dole out an average salary hike of 10.3% this year according to estimates released by a global HR consulting firm on Wednesday. This will be lowest hike post the financial crisis of 2008-09.
The study conducted by Aon Hewitt shows a wide variance o...
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General |
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0 | Hits : 1044
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Bharat bandh: public transport, banking services hit; 1 dead in clashes in Ambala
Posted Date : 20-Feb-2013 , 09:19:30 am | Posted By CASANSAAR
A two-day nationwide strike by 11 major trade unions began this morning, severely impacting banking services and crippling public transport in cities. One person died in clashes between the police and striking workers in Ambala. Trade unionists claim 10 crore workers will be taking...
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General |
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MCA ropes in TCS to help Infosys manage portal
Posted Date : 20-Feb-2013 , 09:14:37 am | Posted By CASANSAAR
In an interesting turn of events, the Ministry of Corporate Affairs (MCA) has roped in Tata Consultancy Services (TCS) as a consultant for smooth running of its portal, MCA21.
TCS was in charge of development and management of the portal for seven years, until MCA decided to hand the work of i...
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Corporate Law |
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0 | Hits : 1092
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Akhilesh budget levies no new tax, gives boost to populist schemes
Posted Date : 20-Feb-2013 , 09:10:58 am | Posted By CASANSAAR
With an eye on the next Lok Sabha election — which Samajwadi Party (SP) president Mulayam Singh Yadav has already said may be held in September — Chief Minister Akhilesh Yadav substantially increased allocation for the populist schemes of his government in the state's...
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Category :
Budget |
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0 | Hits : 762
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Revised Audit Report Formats for bank/ bank branch audit
Posted Date : 19-Feb-2013 , 09:51:42 pm | Posted By CASANSAAR
Applicability of the Revised AuditReport Formats (including for bank/bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports
As you would be aware, the Institute of Chartered Accountants of India had pursuant to t...
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Category :
Auditing |
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