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ICSI announces fee waiver to promote CS Education
Posted Date : 26-Nov-2019 , 10:02:36 am | Posted By CASANSAAR

With an aim to make professional education accessible and affordable for all, the regulator of Company Secretary (CS) profession in India, The Institute of Company Secretaries of India (ICSI), has waived fee for the students of Jammu and Kashmir, Ladakh, Lakshadweep, Andaman & Nicobar Islands an...

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Category : ICSI | Comments : 0 | Hits : 659

MCA initiatives to reduce cost of compliance by various small Private Ltd. Cos
Posted Date : 26-Nov-2019 , 10:00:32 am | Posted By CASANSAAR

The Ministry of Corporate Affairs (MCA) has been taking various initiatives on continuous basis to provide less stringent regulations, including measures with respect to filing requirements for small companies, One Person Companies (OPCs) and start-ups. This was stated by Shri Anurag Thakur, Union M...

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Category : MCA | Comments : 0 | Hits : 911

Constitution Day being celebrated today
Posted Date : 26-Nov-2019 , 09:58:15 am | Posted By CASANSAAR

Constitution Day or Samvidhan divas, is being celebrated today across the country to mark the adopting of the Indian Constitution by the Constituent Assembly on this day in 1949. It came into force on 26th January, 1950, marking the beginning of a new era in the history of Indian Republic. The gover...

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Category : General | Comments : 0 | Hits : 173

Job Vacancies remain at historic highs in Canada
Posted Date : 25-Nov-2019 , 10:07:07 am | Posted By CASANSAAR

Canada’s private sector is continuing to experience historically high job vacancies. The Canadian Federation of Independent Business latest Help Wanted Report shows that roughly 433,000 private-sector jobs went unfulfilled this past quarter, which is about 1,500 more than the second quart...

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Category : International Business | Comments : 0 | Hits : 1899

Procedure of e-Invoicing under GST
Posted Date : 25-Nov-2019 , 09:45:32 am | Posted By CASANSAAR

Procedure of e-Invoicing under GST (Procedure of e-Invoicing under GST explained by *CA. Pradeep Gupta*)   https://youtu.be/eYDUDruyJXc     Don't forget to Subscribe CA Sansaar YouTube Channel ...

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Category : GST | Comments : 0 | Hits : 727

Govt plans to amend IBC to provide immunity to buyers of stressed assets from prosecution
Posted Date : 25-Nov-2019 , 09:36:16 am | Posted By CASANSAAR

The government plans to amend the Insolvency and Bankruptcy Code (IBC) to provide immunity to companies taking over stressed assets from prosecution for financial crimes committed by erstwhile promoters. This will help make the insolvency process more attractive for the bidders and instil confide...

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Category : Insolvent Professional | Comments : 0 | Hits : 528

RBI mulling new rules on corporate governance; wants banks to disclose more
Posted Date : 23-Nov-2019 , 10:31:39 am | Posted By CASANSAAR

The Reserve Bank is looking at introducing new rules on corporate governance for banks in sync with global ones, and would also like lenders to disclose more, Deputy Governor N S Vishwanathan said on Friday. Vishwanathan also urged banks to recognise losses because of NPAs as early as possible an...

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Category : RBI | Comments : 0 | Hits : 493

RBI enhances scope of non-resident rupee accounts
Posted Date : 23-Nov-2019 , 10:28:08 am | Posted By CASANSAAR

To popularise cross-border transactions in Indian rupee, the Reserve Bank has enhanced the scope of 'Special Non-resident Rupee' (SNRR) by allowing persons residing outside India to open such accounts for purposes like external commercial borrowing and trade credit in INR. The RBI, in a n...

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Category : RBI | Comments : 0 | Hits : 429

Income Tax dept launches web portal for exchange of information
Posted Date : 23-Nov-2019 , 10:26:23 am | Posted By CASANSAAR

The tax department has launched a portal that will provide information, including about procedures, related to automatic exchange of information under common reporting standard. Central Board of Direct Taxes (CBDT) Chairman P C Mody inaugurated the web portal on Income Tax website. India is co...

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Category : Income Tax | Comments : 0 | Hits : 1017

15th Finance Commission Chairman N K Singh calls for major changes in GST structure
Posted Date : 23-Nov-2019 , 10:20:41 am | Posted By CASANSAAR

The 15th Finance Commission Chairman N K Singh has called for major changes in the GST structure, including reducing the complicated procedures and also doing away with frequent rate changes, to improve collection. He also pitched for rationalization of Centrally- sponsored schemes.  Speakin...

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Category : GST | Comments : 0 | Hits : 603

RBI finally discloses list of large Wilful defaulters
Posted Date : 22-Nov-2019 , 09:53:13 am | Posted By CASANSAAR

Four years after the Supreme Court first directed the Reserve Bank of India (RBI) to disclose a list of India’s wilful defaulters, the central bank has finally complied. In response to a Right to Information (RTI) application filed by The Wire in May 2019, the RBI has released a list of 30 ...

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Category : RBI | Comments : 0 | Hits : 2219

Wealth managers, merchant bankers may come under IBC
Posted Date : 22-Nov-2019 , 09:41:22 am | Posted By CASANSAAR

Wealth managers, insurance brokers, merchant bankers and share transfer agents may soon be under the ambit of Insolvency and Bankruptcy Code (IBC), even as the Centre has decided to keep banks, insurance companies and pension funds out of it, at least for the time being. Officials said there woul...

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Category : Insolvent Professional | Comments : 0 | Hits : 166

PSU Banks report fraud of more than Rs. 95700 Cr in 6 months
Posted Date : 22-Nov-2019 , 09:31:40 am | Posted By CASANSAAR

Public sector banks reported frauds of over Rs 95,700 crore in the first six months of the current financial year, Parliament was informed on Tuesday. Finance Minister Nirmala Sitharaman said that according to the Reserve Bank of India, PSBs reported 5,743 incidents of fraud involving a total amo...

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Category : Banking | Comments : 0 | Hits : 535

Five State Finance Ministers lash out at Centre over delay in GST compensation
Posted Date : 21-Nov-2019 , 09:41:10 pm | Posted By CASANSAAR

Five opposition-ruled states on November hit out at the Centre over delays in releasing GST compensation saying their finances are in dire strait due to delays. AAP-ruled Delhi, TMC-run West Bengal, Congress-ruled Punjab and Rajasthan and Left-run Kerala in a joint statement said compensation since ...

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Category : GST | Comments : 0 | Hits : 104

SEBI approves stricter disclosure norms for listed companies
Posted Date : 21-Nov-2019 , 10:44:09 am | Posted By CASANSAAR

The Securities and Exchange Board of India, SEBI, has approved stricter disclosure norms for listed companies.Accordingly, in case of default in repayment of loans beyond 30 days, listed companies will have to disclose the fact of such default within 24 hours.SEBI Chairman Ajay Tyagi hoped that the ...

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Category : SEBI | Comments : 0 | Hits : 201

Cabinet approves Taxation Laws (Amendment) Bill, 2019
Posted Date : 21-Nov-2019 , 10:34:32 am | Posted By CASANSAAR

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for introducing the Taxation Laws (Amendment) Bill, 2019 in order to replace the Ordinance. Economic developments after the enactment of the Finance (No. 2) Act, 2019 (Finance Act) along with reduction ...

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Category : Income Tax | Comments : 0 | Hits : 695

Marco Mendicino appointed new Canadian immigration minister
Posted Date : 21-Nov-2019 , 10:13:28 am | Posted By CASANSAAR

Prime Minister Justin Trudeau has named Marco Mendicino as Canada’s next Minister of Immigration. Refugees and Citizenship. A descendant of Italian immigrants to Canada, Mendicino represents the riding of Eglinton-Lawrence in Toronto, Ontario. The 46 year old has an extensive background ...

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Category : International Business | Comments : 0 | Hits : 226

RBI takes over DHFL board, appoints an administrator
Posted Date : 21-Nov-2019 , 10:08:35 am | Posted By CASANSAAR

The Reserve Bank of India on Wednesday superseded the board of Dewan Housing Finance Corp. Ltd (DHFL) and appointed an administrator in its place, in a step towards referring the debt-laden mortgage lender to a bankruptcy court. The regulator named R. Subramaniakumar, a former managing director a...

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Category : RBI | Comments : 0 | Hits : 190

HC issues notice to Centre over input tax credit denial to restaurants
Posted Date : 20-Nov-2019 , 11:09:57 am | Posted By CASANSAAR

The Gujarat High Court has issued a notice to the Centre seeking to know why the option of input tax credit under goods and services tax (GST) regime is not available for restaurants, unlike others. This was in response to a writ petition filed by Hardcastle Restaurants, which is the master franc...

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Category : GST | Comments : 0 | Hits : 724

SEBI issues directions on margins collection in cash segment
Posted Date : 20-Nov-2019 , 11:08:09 am | Posted By CASANSAAR

Markets regulator Sebi on November said trading and clearing members should compulsorily collect upfront certain margins from their clients in the cash segment. The watchdog has issued a circular on 'Collection and reporting of margins by Trading Member (TM) /Clearing Member (CM) in Cash Segm...

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Category : SEBI | Comments : 0 | Hits : 154

Personal guarantor insolvency under IBC from December 1
Posted Date : 20-Nov-2019 , 11:04:40 am | Posted By CASANSAAR

The government on Tuesday notified rules for the initiation of insolvency proceedings against personal guarantors to corporate debtors, to be applicable from December 1. Under these rules, if insolvency proceedings against a corporate debtor under the Insolvency and Bankruptcy Code are already in pr...

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Category : Insolvent Professional | Comments : 0 | Hits : 230

Streamlining of GST
Posted Date : 20-Nov-2019 , 10:03:28 am | Posted By CASANSAAR

Goods & Services Tax (GST) has replaced multi-layered, complex indirect tax structure with a simple, transparent and technology–driven tax regime which has integrated India into a single, common market by removing barriers to inter-State trade and commerce. GST has eliminated cascading ...

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Category : GST | Comments : 0 | Hits : 264

Infusion of capital to PSBs
Posted Date : 20-Nov-2019 , 10:00:06 am | Posted By CASANSAAR

In addition to capital infused earlier by the Government, provision of Rs 70,000 crore has been made for infusion of capital by the Government in banks in the Budget for the current Financial Year to boost credit for impetus to the economy. Rs 60,314 crore has been infused so far from this provision...

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Category : General | Comments : 0 | Hits : 173

Prevention of Fraudulent Banking Practices
Posted Date : 20-Nov-2019 , 09:54:20 am | Posted By CASANSAAR

The Ministry of Finance has taken number of steps to eliminate fraudulent banking practices. This was stated by Shri Anurag Thakur Minister of State for Finance & Corporate Affairs in a written reply to a question in the Rajya Sabha today. He stated that steps include, inter-alia, the following:...

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Category : Banking | Comments : 0 | Hits : 228

GST portal crashes a day before monthly return deadline
Posted Date : 19-Nov-2019 , 09:28:26 pm | Posted By CASANSAAR

The GST portal crashed on Tuesday with only one day left to file the GSTR-3B return form. Unable to file their returns right before the GST deadline, thousands of taxpayers took to Twitter to complain about the perennial inconvenience they face while filing GST returns. Visitors to the GST portal...

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Category : GST | Comments : 0 | Hits : 183

RBI unions want govt to hike deposit insurance cover to Rs 10 lakh
Posted Date : 19-Nov-2019 , 04:45:13 pm | Posted By CASANSAAR

The Reserve Bank employees unions on Tuesday urged the government to hike the insurance cover on bank deposits from the present Rs 1 lakh to Rs 10 lakh.The demand for increasing bank deposit insurance cover, which was last revised in May 1993, has come to the fore after the ongoing crisis at Punjab ...

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Category : RBI | Comments : 0 | Hits : 160

CBDT seeks to widen net for appointment of members, makes younger officers eligible for post
Posted Date : 19-Nov-2019 , 03:20:01 pm | Posted By CASANSAAR

The Central Board of Direct Taxes (CBDT), the top policy-making body of the income tax department, is seeking to widen the net for the appointment of members to its board by inviting applications from relatively younger officers. The board, which is responsible for taking decisions on matters per...

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Category : CBDT | Comments : 0 | Hits : 484

Government extends date till November 20 to register with SIMS to import 215 products
Posted Date : 19-Nov-2019 , 03:13:29 pm | Posted By CASANSAAR

The government has extended the date for traders till November 20 to register themselves with Steel Import Monitoring System (SIMS) to import 215 iron and steel products."One time relaxation till November 20, 2019, for obtaining SIMS registration is notified," the Directorate General of Fo...

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Category : General | Comments : 0 | Hits : 229

Issues in regards to Refund under GST and Resolution
Posted Date : 19-Nov-2019 , 10:24:03 am | Posted By CASANSAAR

  Issues in regards to Refund under GST and Resolution. Queries answered by CA.Archana Jain with CA.Rahul Jain. https://youtu.be/cpwyCU5LQwM   Don't forget to Subscribe CA Sansaar YouTube Channel ...

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Category : GST | Comments : 0 | Hits : 647

NBFCs can go for insolvency resolution post MCA notification
Posted Date : 19-Nov-2019 , 10:23:43 am | Posted By CASANSAAR

The Reserve Bank can now direct resolution of non-banking financial companies NBFCsfor with assets worth at least Rs 500 crore under the insolvency law to help in addressing defaulting cases in the Non-Banking Financial Companies sector, according to a ministry of corporate affairs (MCA) notificatio...

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Category : MCA | Comments : 0 | Hits : 168

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