Guidelines for Basel-III Capital Requirement Norms
Posted Date : 09-Aug-2012 , 08:02:54 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) released the final guidelines on Implementation of Basel III Capital Regulations in India on May 2, 2012 which are available at RBI website www.rbi.org.in. RBI has informed that Basel III will be implemented in India over a sufficiently long transition period to avoid...
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Finance |
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Multi- State Societies Registration Bill, 2012
Posted Date : 09-Aug-2012 , 08:02:01 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs is working on the Multi- State Societies Registration Bill, 2012. The Ministry has constituted an Expert Group on 11-05-2011 to study the legislative and regulatory architecture of the Societies Registration Act, 1860 and to suggest a Model Law on the subject a...
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Corporate Law |
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IFRS accounting norms to be implemented from next fiscal: MCA
Posted Date : 09-Aug-2012 , 08:07:15 am | Posted By CASANSAAR
The Corporate Affairs Ministry will press ahead with the implementation of global accounting norms IFRS from next fiscal, even if the Direct Taxes Code does not take effect."We have taken the initiative that irrespective of whenever the DTC comes...We are determined to ensure that IFRS is implemente...
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Corporate Law |
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Black money trail: No amnesty scheme to Indian account-holders of HSBC's Swiss unit
Posted Date : 09-Aug-2012 , 08:02:35 am | Posted By CASANSAAR
The government on Wednesday said the Central Board of Direct Taxes (CBDT) had not offered any tax amnesty scheme to Indian account-holders ofHSBC, Switzerland.
Minister of state for finance SS Palanimanickam replied in the negative to a written query in the Lok Sabha if the CBDT, the apex...
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International Business |
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Directorate of Enforcement issues Show Cause Notices for Alleged Contravention of Foreign Exchange Management Act (FEMA), 1999
Posted Date : 09-Aug-2012 , 07:51:34 am | Posted By CASANSAAR
The Directorate of Enforcement has issued Show Cause Notice for alleged contravention of Foreign Exchange Management Act, 1999 (FEMA) and the cases of prima-facie, offence of money laundering registered under Prevention of Money Laundering Act, 2002 (PMLA) against Private Companies/MNCs in the last ...
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Corporate Law |
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May 2012 Examination CA PCC, IPCC Pass Percentage, Toppers
Posted Date : 08-Aug-2012 , 09:58:04 pm | Posted By CASANSAAR
The results of the Chartered Accountants IPCC Examination held in May 2012 was declared recently. The details of percentage of candidates passed in the above said examinations are given below; &nb...
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Students Zone |
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Govt detects Rs 5,995 cr central excise, service tax evasions
Posted Date : 08-Aug-2012 , 04:50:36 pm | Posted By CASANSAAR
The government today said it has detected alleged central excise and service tax evasions of about Rs 5,995 crore during 2011-12.
A total of 450 cases of service tax evasion involving Rs 5,012.90 crore and 350 cases of central excise evasion involving Rs 982.80 crore were registered in the ...
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Income Tax |
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Relaxation from compulsory e-filing of return of income for assessment year 2012- 13 - for representative assesses of non-residents and in the case of private discretionary trusts -reg
Posted Date : 08-Aug-2012 , 08:16:12 am | Posted By CASANSAAR
Rule 12 of the Income-tax Rules, 1962 mandates that an individual or Hindu undivided family, if his or its total income or the total income in respect of which he is or it is assessable under the Act, during the previous year, exceeds ten lakh rupees, shall furnish the return electron...
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Income Tax |
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Free samples to doctors to be now considered as taxable income
Posted Date : 08-Aug-2012 , 08:12:07 am | Posted By CASANSAAR
Doctors getting free samples of medicines, gifts or foreign trips from pharmaceutical or healthcare companies should now be prepared to pay tax as such freebies will be calculated as taxable income.Similarly, drug makers and allied healthcare companies will also be no longer get tax exemptions ...
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Income Tax |
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1 | Hits : 1413
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AMFI gets SEBI clearance for trading platform
Posted Date : 08-Aug-2012 , 08:07:17 am | Posted By CASANSAAR
Capital markets regulator SEBI has cleared the proposal for the launch of AMFI’s mutual fund transaction routing platform. The platform will provide investors with a common account number (CAN) so that investors can invest across schemes and fund houses using this number.
The MF utili...
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SEBI |
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e-passbook facility for Provident funds
Posted Date : 08-Aug-2012 , 07:58:26 am | Posted By CASANSAAR
Minister for Labour and Employment Mallikarjun Kharge has said an e-passbook facility, in which individuals can view and print their employee provident fund passbooks without having to go through employers, would be launched by the Employee Provident Fund Organisation (EPFO).Speaking at the 200th me...
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General |
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ICAI: Online submission of CA Exam form for November 2012
Posted Date : 07-Aug-2012 , 10:19:12 am | Posted By CASANSAAR
ICAI: Online submission of CA Exam form for November 2012:
Start Date : 06/08/2012
Last Date for online submission of Form without late fees : 27/08/2012
Last Date for online submission of Form with late fees : 03/09/2012
Registration for Onlin...
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ICAI |
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FM directs retro tax amendments review to woo investors
Posted Date : 07-Aug-2012 , 08:53:46 am | Posted By CASANSAAR
Finance Minister P Chidambaram on Monday announced a relook at retrospective amendments to the Income Tax Act, which affected companies such as Vodafone, in a move aimed at bringing back investor confidence in the Indian economy. This is a sharp deviation from the stand taken by his predecessor Pran...
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Income Tax |
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0 | Hits : 742
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Facebook
Posted Date : 06-Aug-2012 , 08:01:10 am | Posted By CASANSAAR
Facebook may be continuing to gain ground in social networking space, but its per-user valuation has more than halved to $47 in less than three months since its much-hyped debut in the stock market.
As per the latest disclosure by Facebook, the social networking giant now commands a base of...
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International Business |
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Campus placement programme for CAs
Posted Date : 06-Aug-2012 , 07:39:42 am | Posted By CASANSAAR
The Institute of Chartered Accountants (ICAI) of India is inviting all leading companies and CA firms to the forthcoming campus placement programme to be held in August - September 2012.
Committee for Members in Industry (CMII) of ICAI are endeavoring to provide Chartered Accountants with p...
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ICAI |
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No extension of deadline for minimum public shareholding: Sebi
Posted Date : 05-Aug-2012 , 09:29:02 pm | Posted By CASANSAAR
Despite the volatile market conditions, all listed companies will be expected to comply with the minimum public shareholding norms by August 2013 as market regulator Securities Exchange Board of India (Sebi) has said that it will not extend the deadline.
“It is a completely wrong assu...
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SEBI |
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Mauritius entities in exit mode; sell shares worth Rs 3,000 crore
Posted Date : 05-Aug-2012 , 09:24:26 pm | Posted By CASANSAAR
Mauritius-based entities seem to have gone on a selling spree in the Indian stock market and have off-loaded shares worth about Rs 3,000 crore in about 24 companies since the beginning of this fiscal.
The companies whose shares have been sold by various Mauritius-based entities, many ...
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International Business |
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SEBI open to allowing more routes to meet public shareholding norm
Posted Date : 04-Aug-2012 , 03:21:25 pm | Posted By CASANSAAR
The Securities & Exchange Board of India (SEBI) is open to allowing new alternative routes to facilitate listed companies meet the minimum public shareholding norm.
This was stated by SEBI Chairman U.K.Sinha at a PHDCCI national conference on minimum public shareholding norms.
...
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SEBI |
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Form 23B can be filed without additional fees up to 12th August, 2012
Posted Date : 04-Aug-2012 , 09:43:29 am | Posted By CASANSAAR
General Circular No. 22/2012, Dated the 3rd Aug, 2012
Sub : Imposing fees on certain e-forms filed with ROC, RD or MCA(HQ) under MCA-21 where at present no fee is prescribed.
I am directed to refer to the Ministry’s General Circular no. 14/2012 dated...
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Corporate Law |
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13 firms under MCA lens over money laundering
Posted Date : 04-Aug-2012 , 09:41:55 am | Posted By CASANSAAR
As many as 13 companies, mostly real estate developers such as Alchemist Infra Realty, Rose Valley Real Estates, MPS Greenery Developers and Rahul Hi-Rise, have come under the scanner of the Ministry of Corporate Affairs for alleged money laundering and money circulation.
The ministry has o...
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Corporate Law |
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RBI revises regulatory norms for microfinance NBFCs
Posted Date : 04-Aug-2012 , 09:40:40 am | Posted By CASANSAAR
The RBI on Friday changed regulatory norms for microfinance companies with liberal norms for those operating in the North Eastern states.
"The bank has been receiving representations from NBFCs that are primarily intomicrofinancing, conveying difficulties in complying with the frame...
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RBI |
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Companies Bill, FCRA to be taken up in monsoon session
Posted Date : 04-Aug-2012 , 09:37:59 am | Posted By CASANSAAR
The Companies Bill and the Forward Contracts Regulation (Amendment) Bill are likely to be taken up for consideration and passage in the forthcoming monsoon session of Parliament beginning next week.
The list of important economic legislations, to be taken up in the monsoon session starting ...
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Corporate Law |
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Indian companies warming up to women representation on board: Survey
Posted Date : 04-Aug-2012 , 09:36:37 am | Posted By CASANSAAR
The number of Indian companies that have at least one woman on the board has witnessed a rise of 16 percent over the last six years, a survey shows.Women's presence in board rooms has increased to 46.5 percent in 2011 from 30.4 percent in 2005 -- registering a rise of 16 percent, according to a Cred...
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Corporate Law |
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Sebi bars 19 entities from market for triggering a fall in 4 midcap stocks
Posted Date : 04-Aug-2012 , 09:33:36 am | Posted By CASANSAAR
The Securities and Exchange Board of Indiahas barred 19 entities and people from trading in the securities market on the grounds that they had joined hands to trigger a collapse in four stocks last week. The market regulator, in an interim order released late on Friday ...
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SEBI |
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Direct Entry To Chartered Accountancy Course
Posted Date : 03-Aug-2012 , 07:10:44 pm | Posted By CASANSAAR
DIRECT ENTRY TO CHARTERED ACCOUNTANCY COURSE – AMENDMENTS TO THE CHARTERED ACCOUNTANTS REGULATIONS, 1988
This is to inform all concerned that with the issuance of the Notification No. 1-CA(7)/145/2012 on August 1, 2012, the provisions relating to Direct Entry Scheme for Graduates/Post ...
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Students Zone |
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Bain Capital's acquisition of 30% stake in Genpact heads for income-tax fight
Posted Date : 03-Aug-2012 , 04:23:22 pm | Posted By CASANSAAR
Bain Capital's acquisition of a 30% stake in Genpact, the country's largest ITeS company for $1 billion, could set the private equity fund - founded by US presidential nominee Mitt Romney - on collision course with India's income-tax authorities over payment of tax in the country...
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Income Tax |
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0 | Hits : 733
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SEBI may get access to call data record, but not for phone tapping
Posted Date : 03-Aug-2012 , 08:28:04 am | Posted By CASANSAAR
The capital market regulator, Securities and Exchange Board of India may finally get access to Call Data Record (CDR). But, the regulator may not be given the right to tap the phone calls.
According to sources, “This issue was discussed in a meeting held last week. It seems the Financ...
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SEBI |
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Over 83 million Facebook accounts are False or Duplicate
Posted Date : 03-Aug-2012 , 08:24:36 am | Posted By CASANSAAR
Facebook shares crumbled again on Thursday, sending the once-feverishly sought-after name below $20 for the first time as investors scrambled to get out of the way of a potential share deluge in coming weeks. Thursday marked a five-day losing streak for the stock. Facebook has shed almost ...
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International Business |
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Sebi slaps Rs 22 lakh penalty on 3 entities for circular trading
Posted Date : 02-Aug-2012 , 09:16:30 pm | Posted By CASANSAAR
Market regulator Sebi has imposed a penalty of Rs 22 lakh on three entities for circular trading in the scrip of Rich Capital & Financial Services in 2009.Sebi has imposed a fine of Rs 7 lakh each on Sanjeev Agarwal and Ashesh Agarwal and another Rs 8 lakh on the brokerage fi...
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SEBI |
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Unitech moves Company Law Board against Uninor plans of selling India telecom business
Posted Date : 02-Aug-2012 , 09:15:31 pm | Posted By CASANSAAR
A day after Norway's Telenor- controlled Uninor put India telecom business on auction, real estate firm Unitech today approached the Company Law Board (CLB) seeking a stay on selling the business in which it owns a third of the stake.Unitech in its application requested CLB to st...
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Corporate Law |
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