Company Law Bill to be presented in winter session: Moily
Posted Date : 19-Sep-2012 , 08:49:05 am | Posted By CASANSAAR
Good corporate governance is not an option but a must for sustenance of society, said Veerappa Moily, Union Minister of Corporate Affairs (MCA).
Addressing a corporate governance summit organised by the Confederation of Indian Industry (CII), Moily, said that the Bill on Company Law would b...
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Corporate Law |
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EC asks CBDT; I-T to monitor funding in polls
Posted Date : 19-Sep-2012 , 08:45:49 am | Posted By CASANSAAR
The Election Commission (EC) has sought deployment of the investigation machinery of the Income Tax department for checking movement of illegal funds during the forthcoming assembly elections in Gujarat and Himachal Pradesh. The Central Board of Direct Taxes (CBDT), which was written to by the ...
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Income Tax |
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0 | Hits : 669
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Securities transaction tax should be used as incentive
Posted Date : 19-Sep-2012 , 08:43:19 am | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) chief U K Sinha on Tuesday said that securities transaction tax (STT) should be used in such a way that it incentivizes people to make investments for the long term rather than reap short-term benefits. Sinha, the chairman of Sebi, a...
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SEBI |
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Bank Note Press, Dewas Awarded a Prestigious National Safety Award
Posted Date : 19-Sep-2012 , 08:41:30 am | Posted By CASANSAAR
Bank Note Press, Dewas has been awarded a prestigious National Safety Award at a function in Vigyan Bhawan yesterday. This award was presented by the Union Minister of Labour & Employment, Shri Mallikarjun Kharge to Shri B. Burman, General Manager, Bank Note Press, Dewas in the category of indus...
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Banking |
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Mamata withdraws support from UPA II, Trinamool ministers to resign on Friday
Posted Date : 18-Sep-2012 , 08:45:02 pm | Posted By CASANSAAR
Trinamool Congress chief and West Bengal chief minister Mamata Banerjee on Tuesday evening announced after 3-hr party meeting in Kolkata that her party decided to withdraw support from UPA government on the issue of diesel price hike, LPG cap and the FDI multi-brand retail decisions by the cent...
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General |
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2 | Hits : 814
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Chandigarh girl booked for 'abusive' Facebook posts on traffic police
Posted Date : 18-Sep-2012 , 02:20:23 pm | Posted By CASANSAAR
A 22-year-old woman, winner of a national bravery award, has been booked for allegedly posting abusive comments on Chandigarh traffic police's Facebook page.
Henna Bakshi, who claims to be winner of Geeta Chopra bravery award over a decade back for nabbing a burglar, was booked on Friday fo...
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General |
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0 | Hits : 1084
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Central Board of Excise & Customs makes e-payment mandatory for importers
Posted Date : 18-Sep-2012 , 08:05:00 am | Posted By CASANSAAR
In order to further reduce transaction cost of theimporters and as a trade facilitation measure, it has been decided to make e-payment mandatory for importers registered under Accredited Clients Programme and importers paying the duty of Rs one lakh or more per Bill of Entry with effe...
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Excise |
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0 | Hits : 944
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SC asks government to check delays in income tax appeal
Posted Date : 18-Sep-2012 , 08:03:15 am | Posted By CASANSAAR
The Supreme Court on Monday faulted government departments for dragging their feet on filing tax appeals running into crores and asked the government to put in place a mechanism to cut down the delays.A two-judge bench of the apex court, headed by CJI S H Kapadia and Justice A K Patnaik, e...
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Income Tax |
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0 | Hits : 706
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Infosys may replace TCS in new phase of MCA-21 project
Posted Date : 18-Sep-2012 , 08:01:57 am | Posted By CASANSAAR
Within months of bagging a landmark contract from India Post, Infosys is positioning itself as a serious player in India's e-governance arena by beating bigger rival Tata Consultancy Services to win the next phase of a flagship project by corporate affairs ministry.The seco...
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Corporate Law |
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0 | Hits : 965
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Bringing Indian Railways into service tax net will help organisation's finances
Posted Date : 18-Sep-2012 , 07:59:36 am | Posted By CASANSAAR
Indian Railways (IR) is supposed to charge service tax on rail users from next month.However, railway minister and Trinamool Congressleader Mukul Roy is said to be resisting the plan. He should not. The IR is a very large service provider and the case for bringing it under the ta...
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Service Tax |
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0 | Hits : 818
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Vodafone considers $2.2 bn tax provision on Indian law
Posted Date : 18-Sep-2012 , 07:57:48 am | Posted By CASANSAAR
Vodafone Group Plc, which has resisted setting aside money for a USD 2.2 billion tax bill in India, may make a provision to cover the legal risks, Chief Financial Officer Andy Halford said in an interview. The world's second-largest mobile-phone operator is consulting on the need for a pr...
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Income Tax |
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0 | Hits : 733
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Cost Inflation Index for Financial Year 2012-13
Posted Date : 17-Sep-2012 , 08:29:08 pm | Posted By CASANSAAR
Notified Cost Inflation Index for Financial Year 2012-13 / Assessment Year 2013-14 : 852...
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Income Tax |
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0 | Hits : 1106
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FDI in multi-brand retail may attract investments of up to $3 bn in 2 years: Consultants
Posted Date : 17-Sep-2012 , 08:06:57 pm | Posted By CASANSAAR
Allowing 51 per cent FDI in multi-brand retail can attract investments of up to USD 3 billion in India in the next two years, according to consultants. Stating that the government's decision to go ahead with FDI in multi-brand retail sends positive signal to foreign ret...
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International Business |
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0 | Hits : 861
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RBI monetary policy: CRR cut by 25 bps, repo rate unchanged
Posted Date : 17-Sep-2012 , 02:27:36 pm | Posted By CASANSAAR
In a move cheered by both economists and industrialists, the Reserve Bank of IndiaBSE 4.06 % (RBI) on Monday cut the cash reserve ratio (CRR) by 25 basis points to 4.50 per cent in its monetary policy review. The decision will infuse Rs 17,000 crore into the banking system. The liquidity infusion, R...
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Banking |
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1 | Hits : 860
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ICAI Elections : Permission to Vote by Post for those who are away from their Addresses
Posted Date : 17-Sep-2012 , 07:34:17 am | Posted By CASANSAAR
If you are away from your professional address and want to vote for then please fill the attached form and send it to returning officer till 5th October 2012.
As per election rules, A member who is entitled to vote at a polling booth may be permitted at the discretion of...
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Income Tax |
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0 | Hits : 1392
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No royalty tax on income from sale of in-built software
Posted Date : 17-Sep-2012 , 07:28:05 am | Posted By CASANSAAR
The Delhi High Court has ruled that income from sale of software embedded in hardware was not taxable as royalty despite the retrospective amendment to the Income Tax Act, as the changes cannot override a tax treaty. Deciding on a case between the Income Tax Department and Nokia Networks of Finland,...
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Income Tax |
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0 | Hits : 728
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Punjab to start internal audit of govt spending
Posted Date : 17-Sep-2012 , 07:26:33 am | Posted By CASANSAAR
The Punjab government has decided to conduct internal performance audit of expenditure made by various departments, boards and corporations, local bodies, panchayats and other agencies availing of government money in a effort to ensure optimum utilisation of government money and bringing accoun...
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Auditing |
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0 | Hits : 918
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I-T probing foreign banks, brokers in illegal investments case
Posted Date : 17-Sep-2012 , 07:21:22 am | Posted By CASANSAAR
The Income Tax department is probing a few foreign banks and financial brokers after it was tipped off about large scale illegal high returns investment programme being executed in violation of RBI guidelines.
The investments and returns scheme, called the Private Placement Programmes (PPP)...
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Income Tax |
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0 | Hits : 637
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CBDT scrutinising firms enjoying tax exemptions
Posted Date : 17-Sep-2012 , 07:20:04 am | Posted By CASANSAAR
Companies availing tax exemptions are being scanned by the income tax department. The Central Board of Direct Taxes has started a closer scrutiny of companies paying less corporate tax due to various exemptions. The finance ministry says it has found some of these companies are evading taxes by shif...
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Income Tax |
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0 | Hits : 827
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Banks need to improve systems to protect asset quality: RBI
Posted Date : 16-Sep-2012 , 08:49:24 am | Posted By CASANSAAR
Indian banks need to improve their systems and processes to identify early any stress on the quality of their loans, the Reserve Bank of India (RBI) said.
"Asset quality of banks is one of the most important indicators of their financial health. However, it has been observed that existing MIS on th...
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RBI |
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FM suggests creation of National Investment Board for clearance of projects
Posted Date : 16-Sep-2012 , 08:44:27 am | Posted By CASANSAAR
The Finance Minister P Chidambaram has suggested creation of National Investment Board for speedy clearance of mega projects. He said the board headed by the Prime Minister Dr. Manmohan Singh may take a investment proposals above 1000 crore rupees in the infrastructure sector.
He said, the...
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Finance |
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0 | Hits : 748
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Cabinet clears 51% FDI in multi-brand retail and 100 per cent in Single Brand retail
Posted Date : 15-Sep-2012 , 09:23:41 am | Posted By CASANSAAR
The Cabinet today approved 51 per cent FDI in multi-brand retail and 100 per cent in Single Brand retail subject to conditions. Breifing newsmen on the decisions of the Cabinet Committee on Economic Affairs, Commerce Minister Anand Sharma said, the conditions for FDI in Single Brand retail include t...
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Income Tax |
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CCI launches a Knowledge Partnership Initiative (KPI) with Prominent Law Schools
Posted Date : 15-Sep-2012 , 09:21:01 am | Posted By CASANSAAR
Competition Commission of India (CCI) has launched a Knowledge Partnership Initiative (KPI) with prominent law schools in India. The objectives of the initiative are to build a strong knowledge base in the field of competition law, to promote competition law compliance in India and expand the outrea...
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Category :
Corporate Law |
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0 | Hits : 732
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Coalgate comes under judicial scrutiny, SC notice to Centre
Posted Date : 14-Sep-2012 , 04:31:54 pm | Posted By CASANSAAR
The alleged irregularities in the coal block allocations came under judicial scrutiny today with the Supreme Court directing the Centre to explain if the guidelines were strictly followed in allotting the natural resource to private companies.
Turning down the Centre's plea that the court s...
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General |
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1 | Hits : 697
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Procedure of ICAI Elections. (Preferential Voting System)
Posted Date : 14-Sep-2012 , 08:56:14 am | Posted By CASANSAAR
Our elections are held on the single ‘transferable vote’ system under which thevoter has to indicate his preferences about the candidates by inserting the figures 1, 2, 3 etc against the names of the candidates according to his preference. Some members are under the ...
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ICAI |
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1 | Hits : 3580
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RBI restricts Vishal Finlease from accepting public deposits
Posted Date : 14-Sep-2012 , 08:38:25 am | Posted By CASANSAAR
The Reserve Bank has restricted Gandhinagar based non-banking financial institutionVishal Finlease Pvt Ltd from accepting public deposits for violation of guidelines. "The company - Vishal Finlease Pvt Ltd - has been stopped from accepting public deposits for violating RBIgui...
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RBI |
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0 | Hits : 834
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SC directs Essar Oil to pay Rs 5,198 cr tax dues
Posted Date : 14-Sep-2012 , 08:36:38 am | Posted By CASANSAAR
The Supreme Court on Thursday directed the Ruias-owned Essar Oil to pay dues of Rs 5,189 crore to Gujarat government towards its tax liability in eight quaterly instalments. The court also imposed an interest of 10 per cent on this amount from January, 2012.
While disposing of the company&r...
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Income Tax |
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0 | Hits : 829
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MCA to introduce refund process for unlinked incorrect NEFT payments
Posted Date : 14-Sep-2012 , 08:35:32 am | Posted By CASANSAAR
MCA is pleased to announce that a refund process will be introduced by 16th September, 2012 for the unlinked incorrect NEFT payments.
Revised refund e-Form along with instruction kit will be available on the MCA21 portal. Users are requested to avail this facility....
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Category :
Corporate Law |
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0 | Hits : 814
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RBI: Central bank focusing on bringing down cash component in economy
Posted Date : 14-Sep-2012 , 08:33:19 am | Posted By CASANSAAR
RBI has said that the central bank is focused on bringing down the cash component in the economy. Speaking to reporters in Mumbai today, RBI Deputy Governor H R Khan said that circulation of a large amount of cash in the economy leads to many problems and hence India should move towards a less cash ...
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RBI |
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1 | Hits : 836
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Diesel price hiked by Rs 5 per litre, petrol price left unchanged
Posted Date : 13-Sep-2012 , 08:37:42 pm | Posted By CASANSAAR
The Manmohan Singh government has bitten the bullet on fuel prices in the face of huge opposition not only from allied parties, but even within the Congress.The Cabinet Committee on Political Affairs on Thursday approved aRs. 5 hike in the price of diesel. The hike is effective from midnight to...
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Finance |
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0 | Hits : 981
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