Naved Masood takes over as new Secretary, Ministry of Corporate Affairs
Posted Date : 01-Aug-2011 , 04:36:44 pm | Posted By CASANSAAR
Sh. Naved Masood, IAS (UP:77) has taken over as new Secretary in the Ministry of Corporate Affairs here today. Prior to it he was Special Secretary and Financial Advisor, Department of Health and Family Welfare in the Ministry of Health and Family Welfare. Sh. Masood replaces Sh. D.K.Mittal IAS (UP:...
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Corporate Law |
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HSBC to cut 30,000 jobs, posts surprise rise in H1 profit
Posted Date : 01-Aug-2011 , 03:31:56 pm | Posted By CASANSAAR
HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's biggest bank said on Monday after it reported a surprise rise in first-half profit. Shares in HSBC rose over 4 percent after it unveiled first-half pretax profits of $11.5 billion, up from $11.1...
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International Business |
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Now, promoters asked to disclose share dealings
Posted Date : 01-Aug-2011 , 11:37:59 am | Posted By CASANSAAR
With an aim to rein in insider trading by promoters without investors' knowledge, Sebi has decided to make it mandatory for all promoter entities to disclose any considerable purchase or sale of shares by them.
The decision would remove a major anomaly from the Sebi's insider trading proh...
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SEBI |
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Sebi amends rule to check black money, tax evasion in market
Posted Date : 01-Aug-2011 , 07:38:35 am | Posted By CASANSAAR
With an aim to check flow ofblack money and evasion of taxes through stock market, market regulatorSebi has decided to imposehefty penalty on brokers facilitating such transactions from tomorrow. The regulator recently came across a loophole in its existing regulations, which was being abused by sto...
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SEBI |
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Names of tax defaulters to be made public
Posted Date : 01-Aug-2011 , 07:34:44 am | Posted By CASANSAAR
The committee will consider proposing a reward scheme for informants who supply information about such tax defaulters and which results into collection of the outstanding demands.
The other point in the terms of reference is to propose a scheme regulating such outsourcing to outside agencie...
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Income Tax |
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Barack Obama and Congressional leaders strike a deal for raising US debt limit
Posted Date : 01-Aug-2011 , 07:32:42 am | Posted By CASANSAAR
PresidentBarack Obama and congressional leaders began a fresh attempt to reach agreement on raising the US debt cap, with a potential framework for a deal emerging two days before a threatened default deadline. The White House and congressional Republicans have sketched out the contours of an agreem...
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General |
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RBI imposes Rs 5 lakh penalty on KCCB for violating norms
Posted Date : 30-Jul-2011 , 10:25:56 pm | Posted By CASANSAAR
TheRBI today imposed apenalty of Rs 5 lakh on city-basedKalupur Commercial Co-operative Bank (KCCB) for its non-adherence to mandatorybanking rules, an official statement said. A penalty of Rs 5 lakh has been imposed on KCCB for violation related to Know Your Customer(KYC) norms, membership to ...
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RBI |
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Govt probing assets, payments of Indians received abroad: FM
Posted Date : 30-Jul-2011 , 10:03:36 pm | Posted By CASANSAAR
Details of assets and payments received by Indian citizens in several countries have "started flowing in" and are being investigated, Finance MinisterPranab Mukherjee disclosed on Saturday. Information about wealth stashed away in Swiss banks by Indians is expected by the government before the end o...
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Finance |
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ICAI - Free Online Exam Forms for November 2011
Posted Date : 30-Jul-2011 , 09:02:16 pm | Posted By CASANSAAR
The next Professional Competence Examination (PCE), Integrated Professional Competence Examination (IPCE) and Final Examinations of the Institute will be held from 1st November to 17th November 2011. Notification and detailed announcement thereon have already been hosted on ICAI website www.ica...
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Students Zone |
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0 | Hits : 1635
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RBI to put new series of Rs 5, Rs 2 coins into circulation
Posted Date : 30-Jul-2011 , 03:35:37 pm | Posted By CASANSAAR
The Reserve Bank of India will soon put into circulation new series ofcoins of Rs two and Rs five denominations. AnRBI press release said The Rs two coin would have on the obverse side, the lion capitol of Ashoka Pillar with the legend 'Satyameva Jayathe' (in Hindi) flanked on the left peripher...
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RBI |
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ICAI asks govt. to amend Income Tax Act
Posted Date : 30-Jul-2011 , 07:26:40 am | Posted By CASANSAAR
Institute of Charted Accountants of India, ICAI appeal ed the government to amend the Income Tax Act in order to empower Accountants to examine foreign bank accounts closely in black money cases. Briefing reporters in New Delhi on Friday G Ramaswamy, President of ICAI said that an empowered group ha...
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ICAI |
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May 2011 PCE and IPCC Examination Results likely on 8th August, 2011
Posted Date : 30-Jul-2011 , 07:25:11 am | Posted By CASANSAAR
The results of the Chartered Accountants Professional Competence and Integrated Professional Competence Examinations held in May, 2011 are likely to be declared tentatively on Monday, the 8th August, 2011 around 2 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and ...
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Students Zone |
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Ministry of Corporate Affairs Releases Draft National Competition Policy for India
Posted Date : 30-Jul-2011 , 07:16:13 am | Posted By CASANSAAR
The Ministry of corporate Affairs has today released the Draft National Competition Policy for India for discussion among the masses and create awareness in this regard. The Policy is as under:
National Competition Policy Statement of the Government of India
Click here to see more...
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Corporate Law |
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0 | Hits : 297
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Govt panel on black money discusses changes in legislation
Posted Date : 30-Jul-2011 , 07:12:11 am | Posted By CASANSAAR
The government’s committee on unaccounted (‘black’) money met on Friday to discuss changes in existing legislation to address the issue. It discussed the responses the government had got till date from the general public on the problem.
The panel is chaired by Prakash Chan...
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Income Tax |
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Approach Parliamentary panel for changes in Lok Pal Bill: Sibal
Posted Date : 29-Jul-2011 , 05:20:44 pm | Posted By CASANSAAR
Government has said people who are not satisfied with the Lok Pal Bill approved by Cabinet can approach the Standing Committee of Parliament and persuade it to make changes.
HRD Minister Kapil Sibal, who was part of the joint committee to draft the Bill, said the government had already ta...
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General |
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Sebi asks MFs to become more transparent, regulate agents
Posted Date : 29-Jul-2011 , 03:50:54 pm | Posted By CASANSAAR
While allowing mutual funds to charge a fresh transaction fee from investors, market regulator Sebi has also asked them to bring about more transparency in their dealings with investors and agents.
The regulator, at its board meeting last evening, agreed to the MFs' long-pending demand to...
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SEBI |
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SEBI announces new takeover norms
Posted Date : 29-Jul-2011 , 08:36:48 am | Posted By CASANSAAR
Heralding a new set of rules for takeover of companies, the Security Exchanges Board of India (SEBI) on Thursday said an entity buying 25 per cent stake in a listed firm will have to mandatorily make an offer to buy additional 26 per cent from public shareholders.
The new norms mark an incr...
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SEBI |
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RBI cautions RRBs on dealing with overseas entities
Posted Date : 29-Jul-2011 , 08:34:29 am | Posted By CASANSAAR
The Reserve Bank on Thursday asked all Regional Rural Banks to follow due diligence while dealing with transactions from persons and entities in eight countriers — Bolivia, Cuba, Ethiopia, Kenya, Myanmar, Sri Lanka, Syria and Turkey.
The bank cited a 2011 statement from the Financial ...
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Income Tax |
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EXPOSURE DRAFT OF TAXONOMY FOR NON-BANKING FINANCIAL COMPANIES (NBFCs)
Posted Date : 29-Jul-2011 , 08:30:49 am | Posted By CASANSAAR
XBRL (eXtensible Business Reporting Language) is a novel way of electronic communication of business and financial data that is of immense utility to the capital markets and the investing community. Those who stand to benefit include all who collect business data, including governments, regulators, ...
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ICAI |
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Sebi revives scam order against NSDL
Posted Date : 29-Jul-2011 , 08:28:46 am | Posted By CASANSAAR
In an unprecedented move, Sebi, on the direction of the SC, has revived an order that was in the past dismissed as "null and void" by the market regulator, but under a different chairman. Sebi said on Thursday that an order by a two-member committee, which found serious lapses and irregularities on ...
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SEBI |
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Govt will achieve tax collection targets: CBDT
Posted Date : 29-Jul-2011 , 08:26:13 am | Posted By CASANSAAR
Allaying fears of sluggish economic growth impacting tax collections, Central Board ofDirect Taxes ChairmanPrakash Chandra today exuded confidence that revenue targets for 2011-12 will be achieved. "We have got no indication (of slowdown impacting revenue collections). I am confident that direct tax...
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Income Tax |
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Lokpal Bill: Cabinet keeps PM out, Anna's version dumped
Posted Date : 28-Jul-2011 , 02:40:46 pm | Posted By CASANSAAR
The union cabinet on Thursday approved the draft of the anti-corruption Lokpal bill, to be presented in the monsoon session of parliament beginning August 1, Information and Broadcasting Minister Ambika Soni said. The draft bill excludes from its ambit the prime minister, the chief justice of Ind...
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General |
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Foreign retail investors must have PAN for investing in Mutual funds
Posted Date : 28-Jul-2011 , 02:34:39 pm | Posted By CASANSAAR
Individual foreign investors seeking entry into Indianstock markets will now have to acquirePermanent Account Number, or PAN, the passport to allfinancial transactions. The mandatory PAN was announced recently by the finance ministry while outlining the framework for foreign retail investment ...
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Finance |
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ICAI recommends action against auditor
Posted Date : 28-Jul-2011 , 07:20:09 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI), which has been set up by an Act of Parliament, has decided to recommend to the High Court that a member CA R Laxminarayan of C C Chokshi & CO be removed from the Register of Members for one year for professional misconduct.
The ICA...
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ICAI |
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CAG to supervise audit of parties' accounts
Posted Date : 28-Jul-2011 , 07:18:15 am | Posted By CASANSAAR
India’s accounting watchdog the Comptroller and Auditor General has agreed to supervise the auditing of accounts of registered political parties and expenditure of candidates contesting in elections for legislative bodies. Each registered political party is required to submit annual financial ...
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CAG |
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Procedure for Obtaining Confirmation of Shifting of Registered Office From one State to Another State Under Section 17 of the Companies Act, 1956 Simplified
Posted Date : 28-Jul-2011 , 07:12:02 am | Posted By CASANSAAR
In order to simplify the procedures and cut timelines, the Ministry has decided to notify section 8 of the Companies (Second Amendment) Act, 2002 (1) of 2003 thereby the work relating to confirmation of shifting of registered office from one state to another state and consequent alteration to Memora...
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Corporate Law |
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MMDR proposal to make India most taxed nation in mines sector: FICCI
Posted Date : 27-Jul-2011 , 10:08:38 pm | Posted By CASANSAAR
Industry bodyFICCI today said the imposition of additional burden on the mining and mineral sector under the proposedMines and Minerals (Development and Regulation) Act would lead India to become the highest taxed country in the sector. "Indian mining sector is already one of the highly t...
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Income Tax |
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0 | Hits : 280
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CCI clears RIL's buyout of Bharti stake
Posted Date : 27-Jul-2011 , 10:04:22 pm | Posted By CASANSAAR
The Competition Commission of India (CCI) has cleared Reliance Industries' (RIL) buyout of Bharti group's 74% stake in insurance joint ventures with AXA of France.
"The monopoly watchdog has cleared the deal within 14 days of application as there was no anti-competition issue involved," a...
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Finance |
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I-T returns: Special counters for Delhiites
Posted Date : 27-Jul-2011 , 05:18:54 pm | Posted By CASANSAAR
The Income Tax Department will open 50-special counters at Vikas Bhawan (near ITO) for residents of North-East and North-West Delhi from July 28 to July 31 to file their tax returns. The last date for filing of income tax returns for the assessment year 2011-12 is July 31.
"The ITD, New Del...
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Income Tax |
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0 | Hits : 1229
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FinMin to meet Sebi, exchange officials on market reforms
Posted Date : 27-Jul-2011 , 05:11:58 pm | Posted By CASANSAAR
With a view to discuss ways to expedite policies for growth and reforms in the stock market, theFinance Ministry has called a meeting of top officials fromSebi and various stock exchanges early next month. Among other issues, the recent decline in stock market business volumes and the launch of some...
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SEBI |
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