Corporate governance: ICSI moots standardised model for rating
Posted Date : 14-Feb-2013 , 04:23:53 pm | Posted By CASANSAAR
The Institute of Company Secretaries of India (ICSI) has broached the idea of a standardised corporate governance rating model.
In a presentation to the capital market regulator, the professional body proposed on Tuesday that it was ready to shoulder the responsibility of creating...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 751
|
 |
No need to inform other bidders, said ICAI's President
Posted Date : 14-Feb-2013 , 08:11:06 am | Posted By CASANSAAR
Certain decisions in the now cancelled Rs 100 crore land deal, which caused major embarrassment to Institute of Chartered Accountants of India (ICAI), indicate a clear tilt towards a single vendor. TOI has a copy of the fact finding committee's report, which has an annexure of answers by t...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1065
|
|
Four defaulters owe income tax dues worth Rs 2,12,449 cr in Mumbai
Posted Date : 14-Feb-2013 , 08:04:57 am | Posted By CASANSAAR
Fiscal deficit can be partially reduced if the tax authorities succeed in the recovery of tax arrears worth Rs 2,12,449 crore from four defaulters including Hasan Ali Group (Rs 1,65,663 crore), Harshad Mehta Group (Rs 39,740 crore), Ketan Parekh Group (Rs 4,477 crore) and Manoj Punamiya Group (Rs 2,...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1019
|
|
Nira Radia tapes' scrutiny; SC seeks names from CBI, IT dept & ED
Posted Date : 13-Feb-2013 , 10:11:06 pm | Posted By CASANSAAR
The Supreme Court on Wednesday sought by Thursday the names of officials of CBI, IT department and the Enforcement Directorate for setting up of a team to enquire into the tapped telephonic conversations of corporate lobbyist Niira Radia with others to ascertain element...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 897
|
|
SEBI freezes over 100 bank accounts of 2 Sahara cos
Posted Date : 13-Feb-2013 , 09:43:13 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on Wednesday cracked down on Sahara group, freezing more than 100 bank accounts of two of its companies. Sources said that the immovable assets of the two companies were also frozen.
The SEBI also attached the assets and properties of S...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 933
|
|
Cos Bill to come up in RS in Budget session: Pilot
Posted Date : 13-Feb-2013 , 08:28:28 pm | Posted By CASANSAAR
Corporate Affairs Minister Sachin Pilot today said the government is confident of getting the new Companies Bill passed in the Rajya Sabha in the Budget session.
"The new Companies Bill will come up in the Rajya Sabha in the Budget session beginning February 21," Pilot said o...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 895
|
|
Government may inject $3.7 billion in banks in FY14: Source
Posted Date : 13-Feb-2013 , 06:17:37 pm | Posted By CASANSAAR
The government is likely to allocate 200 billion rupees for capital infusion in state-run banks in the next financial year, a finance ministry official with direct knowledge of budget talks told Reuters on Wednesday.
The official refused to be named as the information is a&nbs...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 625
|
|
FIPB clears 4 single-brand retail FDI proposals of worth Rs 750 crore
Posted Date : 13-Feb-2013 , 04:20:13 pm | Posted By CASANSAAR
The Finance Ministry today cleared four foreign direct investment (FDI) proposals in single brand retailing, including that of Decathlon and Fossil Inc, worth about Rs 750 crore, sources said. Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Ar...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 781
|
|
ICAI issues notice to Reebok's former CFO Vishnu Bhagat
Posted Date : 13-Feb-2013 , 08:32:56 am | Posted By CASANSAAR
Accounting regulator ICAI today said it has issued show-cause notice to Reebok India's former Chief Financial Officer Vishnu Bhagat regarding alleged fraud at the sportswear maker.The issue relates to alleged Rs 870 crore financial fraud at the company last year."We have iss...
Continue Reading...
Category :
Income Tax |
Comments :
1 | Hits : 1099
|
|
ICAI, RBI to soon discuss accounting standards for banking cos
Posted Date : 13-Feb-2013 , 08:27:37 am | Posted By CASANSAAR
Accounting regulator ICAI will soon hold discussions with the Reserve Bank of India on implementation of IFRS standards by banking companies.
The Institute of Chartered Accountants of India (ICAI) has also submitted a tentative roadmap for IFRS implementation to the Corpora...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 874
|
|
I-T officials violated the law: Nokia
Posted Date : 12-Feb-2013 , 07:26:49 pm | Posted By CASANSAAR
Finland-based mobile handset maker Nokia today came heavily on the Indian Income Tax (I-T) Department stating that the authorities actions are excessive, unacceptable and inconsistent with Indian standards of fair play and governance. The company also said that the department officials hav...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 662
|
|
CA.Subodh Kumar Agrawal President & K.Raghu Elected as Vice President of ICAI
Posted Date : 12-Feb-2013 , 02:26:28 pm | Posted By CASANSAAR
CASANSAAR Team Congrats Newly Elected President & Vice President of ICAI.
CA.Subodh Kumar AgrawalPresident, ICAI2013-14
CA.K.RaghuVice Presidet, ICAI2013-14
...
Continue Reading...
Category :
ICAI |
Comments :
2 | Hits : 2235
|
|
No going back on national financial reporting authority (NFRA) : Sachin Pilot said at ICAI annucal function
Posted Date : 12-Feb-2013 , 08:43:47 am | Posted By CASANSAAR
The chartered accountants’ fraternity must work hard to maintain the “integrity” and “credibility” of the profession, exhorted Corporate Affairs Minister Sachin Pilot.
As India becomes more relevant to a globalised economy, the expectations will only be on the ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2055
|
|
Making samosa, chappati entitle to tax exemptions: Income tax tribunal
Posted Date : 12-Feb-2013 , 08:43:33 am | Posted By CASANSAAR
Preparing food items like paratha, samosa, dhokla and chappati for sale is a 'manufacturing activity' and entitled to tax exemptions, ruled an income tax tribunal."...manufacturing of chappati, paratha, samosa, dhokla constitutes manufacturing activity," said Ahmedabad bench...
Continue Reading...
Category :
Income Tax |
Comments :
1 | Hits : 1460
|
|
Income tax dept identifies 12L entities not filing returns
Posted Date : 12-Feb-2013 , 08:42:41 am | Posted By CASANSAAR
The finance ministry's crackdown on tax evaders has begun with over 35,000 nonfilers , who had made significant transactions, sent I-T notices to substantiate their source ofincome and why they had not filed their tax returns.
Notices were sent after the intelligence wing of the&...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1024
|
|
Sebi frowns control practice of private equity investors
Posted Date : 12-Feb-2013 , 08:30:29 am | Posted By CASANSAAR
The tricky issue of 'control', that lies at the heart of every M&A deal, has come back to hauntprivate equity investors. Even with a minority stake, these investors often have veto powers over key decisions of companies they invest in - a practice that was recently frowned upon by...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 773
|
|
Council accepts panel's call to scrap ICAI head's project
Posted Date : 11-Feb-2013 , 08:20:54 am | Posted By CASANSAAR
In a major embarrassment to the Institute of Chartered Accountants of India (ICAI), the regulator for auditors, a Rs 100 crore-plus project initiated by its president Jaydeep Shah in his hometown Nagpur has been rejected by the statutory body's top decision-making body on grounds...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1163
|
|
After Shell, Hindalco faces transfer pricing tax notice
Posted Date : 11-Feb-2013 , 08:11:30 am | Posted By CASANSAAR
After Shell, it’s the turn of the Aditya Vikram Birla group to get a taste of the income-tax medicine on transfer pricing. Hindalco, the owner of Novelis, is set to get a notice from the income-tax department for “earning” fees while giving corporate guaran...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1030
|
|
Sebi allows liquidity enhancement schemes in equity cash market
Posted Date : 10-Feb-2013 , 03:54:35 pm | Posted By CASANSAAR
Market regulator Sebi has allowed stock exchanges to introduce incentive schemes for brokers and intermediaries to enhance liquidity in illiquid securities in the equity cash segment. The decision has been taken pursuant to introduction of incentive schemes in derivatives segment to e...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 794
|
|
FM launches Rajiv Gandhi Equity Savings Scheme
Posted Date : 09-Feb-2013 , 06:29:15 pm | Posted By CASANSAAR
Finance Minister P. Chidambaram has launched the much-awaited Rajiv Gandhi Equity Savings Scheme in Mumbai.The move would encourage new investors to put their money in the stock market.The scheme, which was announced in the Budget, seeks to provide tax benefits to first-time investors in stock ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 994
|
|
Budget 2013: USIBC for a fair transparent tax environment
Posted Date : 09-Feb-2013 , 04:44:03 pm | Posted By CASANSAAR
The US India Business Council has submitted to Union Finance Minister P Chidambaram a wish list of reforms in the taxation sector, which the industry body argues would create a fair and transparent tax environment. In its pre-budget memorandum submitter to the Union Finance ...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 770
|
|
After I-T, excise, service tax officials announce stir
Posted Date : 09-Feb-2013 , 10:31:15 am | Posted By CASANSAAR
The government’s already muted tax collections are set to take a further hit, with central excise and service tax officials now threatening to hand out mass resignations for delay in promotions. Income tax officers have already refused to stop work and issue assessment orders over the same iss...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1057
|
|
Afzal Guru hanged in Tihar Jail at 8am
Posted Date : 09-Feb-2013 , 10:25:32 am | Posted By CASANSAAR
At 8 am on Saturday, Afzal Guru, the main accused in the Parliament attack case of December 13, 2001 was hanged in Delhi's Tihar jail, less than three months after the hanging of Mohammed Ajmal Kasab, the Pakistan-based terrorist who was part of the 26/11 Mumbai attack.
However, Guru's body...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1095
|
|
Insurers can now buy up to 15 per cent stake in companies: Irda
Posted Date : 08-Feb-2013 , 10:55:20 pm | Posted By CASANSAAR
The Insurance Regulatory and Development Authority (Irda) today raised the exposure an insurance company can take in the equity of companies.
The regulator said depending upon the size of their controlled fund, insurers can pick up 12 percent and 15 percent stake in a company. The cap was e...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 707
|
|
FinMin tax collection in trouble as I-T officers launch nationwide agitation
Posted Date : 08-Feb-2013 , 08:10:32 pm | Posted By CASANSAAR
The finance ministry, which is on an overdrive to raise tax collections, is facing a roadblock from the very people who are responsible for filling up its coffers.Close to 8,500 employees in the rank of income-tax officers, assistant commissioners and administrative officers of the In...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 761
|
|
Visually challenged beats all odds, passes Inter CA
Posted Date : 08-Feb-2013 , 09:35:56 am | Posted By CASANSAAR
Yet another visually challenged student has secured a top rank in the all India level examinations held by the Institute of Charted Accountancy of India ( ICAI).
While Guntur boy J Rajasekhara Reddy had hit the headlines by becoming the first visually challenged to complete CA (final) last for...
Continue Reading...
Category :
Students Zone |
Comments :
2 | Hits : 1147
|
|
Nokia tax dispute: Cyber experts examine software download system
Posted Date : 08-Feb-2013 , 09:23:09 am | Posted By CASANSAAR
The investigation unit of the Income Tax Department in Chennai has roped in cyber experts to crack Nokia’s computer systems in the Sriperumbudur manufacturing plant.
This is to investigate the method of software download by the Indian company from its parent in Finland to manufacture ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 702
|
|
New/Revised Ind ASs finalised by ICAI (Post February, 2011)
Posted Date : 08-Feb-2013 , 09:19:42 am | Posted By CASANSAAR
The following are the New/Revised Ind ASs (Post February, 2011) corresponding to the new/revised IFRSs issued by the IASB after finalisation of 35 Ind ASs hosted on the MCA’s website. These Ind ASs have been finalised by the Council of the ICAI and sent to the National Advisory Committee on Ac...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 723
|
|
Tax trouble again: I-T dept alleges Vodafone underpriced shares by Rs 1,300 cr
Posted Date : 07-Feb-2013 , 09:28:31 am | Posted By CASANSAAR
Vodafone finds itself under renewed assault from Indian tax authorities even as it attempts to resolve a long-running tax dispute over the acquisition of Hutchison's Indian telecom business in 2007. This time around, theI-T Department has alleged that the Indian arm of the world's largest telec...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 826
|
|
CA IPCC / PCC Toppers & Pass percentage of Examination held in Nov
Posted Date : 07-Feb-2013 , 09:25:35 am | Posted By CASANSAAR
Chartered Accountants Integrated Professional Competence Course (IPCC) Examination held in Nov, 2012
The details of percentage of candidates passed in the above said examinations are given below:
Appeared
Passed
Percentage
Both Group
51318
5720
11.15%
Group 1
...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 3738
|
|
|
