Invitation to act as Checker for Chartered Accountants Examinations
Posted Date : 27-Sep-2012 , 08:22:05 am | Posted By CASANSAAR
Examination Department of the Institute would like to avail the services ofthe members of the Institute (upto 15 years of Experience) to act as Checker fortotaling etc. of marks awarded by examiner, other details are as under:
The Examination Department of the Institute avails the services ...
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ICAI |
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0 | Hits : 1892
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Service tax on AC and first class rail fares from Oct.1
Posted Date : 27-Sep-2012 , 08:06:11 am | Posted By CASANSAAR
Service tax will be levied on high-end passenger classes, freight and auxiliary services rendered at railway stations from October 1.
The decision was taken on Wednesday at a meeting between Railway Minister C.P. Joshi and Finance Minister P. Chidambaram.
Fares of air-conditioned c...
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Service Tax |
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0 | Hits : 921
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Vodafone not ready to settle tax dispute at Rs 8,000 crore
Posted Date : 27-Sep-2012 , 08:01:43 am | Posted By CASANSAAR
British telecom company Vodafone never said that it was ready to resolve its tax dispute with theIndian government if the interest and penalty on the tax liability is waived, a person close to the company said."Vodafone has never expressed a willingness to settle the t...
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Category :
Income Tax |
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0 | Hits : 812
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Tax residency certificate now mandatory for foreign investors
Posted Date : 26-Sep-2012 , 09:54:40 pm | Posted By CASANSAAR
India has made it mandatory for all foreigners to furnish a tax residency certificate of their home country to claim benefits under the double taxation avoidance agreement. This will make the process of claiming tax credit easier for foreigners by removing the arbitrariness in the earlier regim...
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Category :
Income Tax |
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0 | Hits : 841
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Sebi moves SC against Sahara Group
Posted Date : 26-Sep-2012 , 09:37:46 pm | Posted By CASANSAAR
Market regulator Sebi on Tuesday approached the Supreme Court accusing the Sahara Group of not complying with its order to furnish documents about its two companies which were directed to refund around Rs 24,000 crore to their investors.Sebi filed an application alleging that the...
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SEBI |
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0 | Hits : 815
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RBI allows NRIs to pick up shares, debentures at face value
Posted Date : 26-Sep-2012 , 09:35:36 pm | Posted By CASANSAAR
The Reserve Bank of India today said non-residents, including NRIs, can make investment in an Indian company at the face value of shares or debentures subject to compliance with FDI scheme."It has been decided that in cases where non-residents (including NRIs) make investment in an Indian company in...
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RBI |
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0 | Hits : 868
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Sebi notifies MF reforms; changes to be effective from Oct.
Posted Date : 26-Sep-2012 , 09:27:02 pm | Posted By CASANSAAR
Market regulator Sebi today notified wide-ranging reforms for mutual fund sector, which would provide incentives to fund houses for expanding to small cities but might result in additional costs for investors.
The changes, which would come into effect from next month, would require fund houses to m...
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SEBI |
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0 | Hits : 671
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MCA 21 Second Cycle to Benefit all the Companies and LLPS Registered in India . Dr. M.Veerappa Moily
Posted Date : 26-Sep-2012 , 09:24:09 pm | Posted By CASANSAAR
The MCA21 is considered as one of the most successful mission mode project (MMP) having implemented many innovations viz. internet payments, credit card payment, electronic issuance of stamp paper (e-stamp), use of adobe e-forms, end-to-end electronic work flow and digital signature (DSC) based elec...
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Category :
Corporate Law |
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0 | Hits : 867
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Yahoo! names Ken Goldman as Chief Financial Officer
Posted Date : 26-Sep-2012 , 03:33:26 pm | Posted By CASANSAAR
Yahoo! today said Ken Goldman will join the company as chief financial officer (CFO) with effect from October 22, as recently appointed chief Marissa Mayer tries to turn around the Internet company.
In this role, he will be responsible for the company's global finance functions, including f...
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Category :
International Business |
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0 | Hits : 768
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ED attaches Emaar MGF
Posted Date : 26-Sep-2012 , 08:19:19 am | Posted By CASANSAAR
Enforcement Directorate has attached properties owned by Emaar MGF, the builder of Commonwealth Games Village in Delhi and several projects in Hyderabad, for alleged violation of Prevention of Money Laundering Act.
The attachment concerns the company's properties in Kalkaj...
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Category :
Finance |
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0 | Hits : 1001
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Govt proposing norms for independent directors at CPSEs
Posted Date : 26-Sep-2012 , 08:16:12 am | Posted By CASANSAAR
To improve corporate governance in state-owned companies, the Department of Public Enterprises (DPE) is proposing norms for independent directors that will define their roles and responsibilities.At present, there are no such guidelines for non-official directors who are being appointed on boards of...
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Category :
Corporate Law |
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0 | Hits : 813
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Sebi seeks ASBA facility at all branches of designated banks
Posted Date : 26-Sep-2012 , 08:14:35 am | Posted By CASANSAAR
Market regulator Sebi today asked the banks, authorised to accept ASBA forms wherein bid amount for public offer shares remain in investors' accounts till allotment, at all their branches by the end of 2012. Sebi (Securities and Exchange Board of India) introduced ...
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SEBI |
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0 | Hits : 829
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Ex-Reebok India MD, COO
Posted Date : 26-Sep-2012 , 08:10:46 am | Posted By CASANSAAR
The investigation arm of the ministry of corporate affairs (MCA), the Serious Fraud Investigation Office (SFIO), has found that Reebok India’s sacked managing director Subhinder Singh Prem and former chief operating officer (COO) Vishnu Bhagat had “fudged and fabricated” accounts o...
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Corporate Law |
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0 | Hits : 781
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Finance Ministry for zero charges on e-transfer of funds up to Rs 1 lakh
Posted Date : 25-Sep-2012 , 07:46:10 pm | Posted By CASANSAAR
To promote cashless transactions, theFinance Ministry has asked public sector banks to take steps to reduce the fee to zero for electronic transfer of funds up to Rs one lakh. Currently, most banks charge a maximum fee of Rs 5 per transfer of funds up to Rs 1 lakh from one a...
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Category :
Banking |
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0 | Hits : 905
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Sebi imposes fine on CA Firm owner in BoR matter
Posted Date : 25-Sep-2012 , 08:23:54 am | Posted By CASANSAAR
Market regulator Sebi on Monday imposed a penalty of Rs 6 lakh on Dilip S Mehta, owner of a chartered accountancy firm, for failing to respond to summons issued by it in relation to a probe into the affairs of erstwhile Bank of Rajasthan.
The matter pertains to alleged irregularities commit...
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Category :
ICAI |
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0 | Hits : 1270
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Tax exemption to Political Parties Rs. 1,033 crore
Posted Date : 25-Sep-2012 , 08:19:53 am | Posted By CASANSAAR
Are political parties required to reveal the source of their funding under the Right to Information Act? While the CPI agreed to disclose its funding to an NGO, other parties have flatly refused to do so.
Association for Democratic Rights (ADR), sought the information under RTI, claiming that...
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Category :
Income Tax |
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0 | Hits : 888
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VAT refund: Cases pile up in excise office
Posted Date : 25-Sep-2012 , 08:13:29 am | Posted By CASANSAAR
The excise and taxation department has so far failed to clear thousands of VAT refund cases prompting the industry in Ludhiana to call a meeting on October 1. Industrialists have also called the excise and taxation commissioner A Venuprasad for the meeting to find reasons for the delay and to urge t...
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Category :
Excise |
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0 | Hits : 819
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New tax accounting standards to reduce litigation soon
Posted Date : 25-Sep-2012 , 08:11:32 am | Posted By CASANSAAR
From 2012-2013 onwards, companies may have to file their income-tax return as per the standards laid down by the Central Board of Direct Taxes (CBDT). The new standards will reduce the discretion which is currently available with the taxpayers under the standards prescribed by the Institute of Chart...
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Category :
Income Tax |
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0 | Hits : 988
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Cabinet clears 7% hike in DA for Central Govt employees
Posted Date : 24-Sep-2012 , 08:57:16 pm | Posted By CASANSAAR
The Union Cabinet today approved a 7 per cent hike in the Dearness Allowance, DA, for central government employees. In its meeting chaired by Prime Minister Dr Manmohan Singh in New Delhi, the cabinet give its nod to hike in DA. The approval will benefit 80 lakh central government employees and pens...
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Category :
General |
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0 | Hits : 781
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Continuation of MCA21 Project - e-Governance, Computerization and Networking of Ministry of Corporate Affairs and its Field Offices (MCA21 v2)
Posted Date : 24-Sep-2012 , 08:56:25 pm | Posted By CASANSAAR
The Cabinet Committee on Economic Affairs approved continuation of MCA21 Project for its second cycle from January, 2013 to July, 2021 as a Non-Plan Scheme at a total project outlay of Rs.357.81 crore including an outlay of Rs.54.42 crore for independent project management and certification over eig...
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Category :
Corporate Law |
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0 | Hits : 843
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Get FREE Regular Professional Updates via SMS / email from CASANSAAR
Posted Date : 24-Sep-2012 , 08:44:29 am | Posted By CASANSAAR
Now receive SMS / email alerts on the go from CASANSAAR.COM. This free subscription will entitle you to faster complete updates. Receive Professional, Tax and Career related updates in your mobile / email inbox and stay ahead in your professional life.Some features CASANSAAR SMS / ema...
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General |
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0 | Hits : 3014
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Bank ATMs stop sucking in cash after RBI direction
Posted Date : 24-Sep-2012 , 08:34:54 am | Posted By CASANSAAR
Next time you go to an ATM to withdraw cash, don't worry about the banknotes getting sucked back by the machine if not collected immediately, as RBI has asked all banks to immobilise the 'cash retraction facility'.
At the same time, customers will have to be extra careful in collecting the ...
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Category :
RBI |
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0 | Hits : 1081
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Govt tightens scrutiny of companies' fund raising
Posted Date : 24-Sep-2012 , 08:31:26 am | Posted By CASANSAAR
Corporate Affairs Ministry has strengthened its surveillance mechanism over companies raising funds from the public as also on their end-use in the wake of the Supreme Court verdict on the Sahara group. Finding violations of regulatory norms in raising funds from the public, the Supreme Court last m...
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Category :
Corporate Law |
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0 | Hits : 753
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Day after reforms push, Prime Minister Manmohan Singh hints at changes in corporate laws
Posted Date : 23-Sep-2012 , 09:06:14 am | Posted By CASANSAAR
A day after he said that the government would take more reforms measures to pull the country out of a 1991-type economic abyss, Prime MinisterManmohan Singh on Saturday said the Centre was examining commercial and corporate laws to ensure inclusive growth and to make them relevant to future cha...
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Category :
Corporate Law |
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0 | Hits : 780
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C P Joshi gets additional charge of Railway Ministry
Posted Date : 22-Sep-2012 , 09:28:37 pm | Posted By CASANSAAR
Union Minister for Road, Transport and Highways Dr C P Joshi have been given additional charge of Railway Ministry on Saturday a day after the resignation of Mukul Roy and other Trinamool Congress ministers.
According to Rashtrapati Bhavan spokesperson Venu Rajamony, Dr Joshi was assigned ...
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Category :
Income Tax |
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0 | Hits : 658
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Finance Minister approves the Operational Features of the Rajiv Gandhi Equity Savings Scheme (RGESS)
Posted Date : 22-Sep-2012 , 09:03:00 am | Posted By CASANSAAR
The Union Finance Minister Shri P. Chidambaram approved a new tax saving scheme called “Rajiv Gandhi Equity Saving Scheme“(RGESS),exclusively for the first time retail investors in Securities Market. This Scheme would give tax benefits to new investors who invest up to Rs. 50,000 and who...
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Category :
Income Tax |
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0 | Hits : 858
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Sensex sees biggest single-day gain of 2012 on reforms push
Posted Date : 21-Sep-2012 , 03:44:36 pm | Posted By CASANSAAR
The stock markets continued to rally in the afternoon session following the Government's decision to hold firm by notifying all FDI decisions taken last week despite the TMC fallout.
Analysts said that the positive cues from the Government coming in are boosting activity in the markets. Als...
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Category :
Shares & Stock |
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0 | Hits : 803
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Govt cuts tax on overseas corporate borrowing
Posted Date : 21-Sep-2012 , 02:39:19 pm | Posted By CASANSAAR
The government slashed a tax on overseas borrowings by local companies on Friday, giving them access to cheaper funds and cheering investors as the government pressed on with reforms to revive economic growth.
Under the new rules, which were proposed in the budget for 2012/13 in March bu...
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Category :
International Business |
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0 | Hits : 816
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Excise and customs duty on domestic LPG cylinders reduced to zero
Posted Date : 21-Sep-2012 , 02:38:24 pm | Posted By CASANSAAR
The Finance Ministry announced reducing the customs and excise duty on non-subsidised domestic LPG cylinders to zero. TheFinance Minister, P Chidambaram on Friday said that more state governments should provide subsidy on LPG cylinders. After announcing a cap of 6 ...
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Category :
Excise |
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0 | Hits : 842
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Government to handle selection of auditors for public sector banks
Posted Date : 21-Sep-2012 , 08:21:00 am | Posted By CASANSAAR
The government will now handle the selection of auditors for state-run banks, a finance ministry official said, signalling growing concern over laxity in the audit followed by lenders and possible overstatement of profits.
The finance ministry is expected to issue a directive on the iss...
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Category :
Auditing |
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3 | Hits : 2342
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