Govt taking all steps to strengthen NCLT, NCLAT
Posted Date : 03-Dec-2019 , 09:47:05 am | Posted By CASANSAAR
The government is taking all steps to strengthen the National Company Law Tribunal (NCLT) and its appellate tribunal in terms of benches, courts and members to reduce pendency of cases, Union minister Anurag Singh Thakur said on Monday.
"Considering the heavy case load at some existing bench...
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General |
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DHFL becomes first financial services firm to be taken to NCLT
Posted Date : 02-Dec-2019 , 09:42:05 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Friday referred Dewan Housing Finance Corp. Ltd (DHFL), which has a debt of Rs.83,873 crore, to the National Company Law Tribunal (NCLT) for insolvency proceedings.
“The Reserve Bank has today filed an application for initiation of corporate insolvency res...
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Insolvent Professional |
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GST revenue collection crossed Rs 1 lakh Cr in Nov 2019
Posted Date : 02-Dec-2019 , 09:24:28 am | Posted By CASANSAAR
GST revenue collection crossed the Rs 1 lakh crore mark after a gap of three months in November with the revenue growing by 6 per cent to Rs 1.03 lakh crore in the month.
The GST collection was Rs 95,380 crore in October while it was Rs 97,637 crore November 2018.
Of gross Rs 1,03,492 crore in...
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GST |
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Canada ranked top nation for immigration and investment
Posted Date : 30-Nov-2019 , 10:21:08 am | Posted By CASANSAAR
People from around the globe have deemed the Canadian brand one of the best in the world.
This year Canada ranked third out of 50 countries on the Anholt-Ipsos Nation Brands Index, up from fifth place overall in 2018. Only France and top-ranked Germany scored higher than Canada.
The rankings w...
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International Business |
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SEBI refuses any interim relief to Karvy Stock Broking Ltd
Posted Date : 30-Nov-2019 , 10:07:14 am | Posted By CASANSAAR
Hours after the Securities Appellate Tribunal (SAT) directed markets regulator to examine Karvy Stock Broking Ltd (KSBL) request on limited use of Power of Attorney or PoA, Securities and Exchange Board of India (Sebi) rejected an interim relief.
In a late night Friday order, a whole-time member ...
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SEBI |
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Govt extends mandatory FASTag roll out date to Dec 15
Posted Date : 30-Nov-2019 , 10:05:00 am | Posted By CASANSAAR
The government on Friday announced extending the date to December 15 for making FASTag mandatory for toll payments on national highways.
The Ministry of Road Transport and Highways had earlier announced that from December 1, toll payments on highways would be accepted through FASTags only.
&qu...
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General |
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Payment of Membership/COP Fees for 2019-20 is further extended to 31st Dec, 2019 - ICAI
Posted Date : 30-Nov-2019 , 10:01:57 am | Posted By CASANSAAR
Important Announcement
It has been decided to extend the last date for payment of Membership /COP fee for the year 2019-20 up to 31st December 2019. It has been further decided to waive off condonation fee on delay of filing of application forms related to Members, Firms and Students, if respec...
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ICAI |
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0 | Hits : 950
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Govt to bring tax refund scheme for exporters before Cabinet
Posted Date : 29-Nov-2019 , 04:29:47 pm | Posted By CASANSAAR
The government would soon bring the tax refund scheme for exporters before the Union Cabinet and would notify it, Commerce and Industry minister Piyush Goyal informed Rajya Sabha on Friday.
Replying to supplementaries during the Question Hour, the minister said the government is also engaged in c...
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Income Tax Refund |
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New Express Entry draw produces 3,600 invitations to apply for Canadian PR
Posted Date : 29-Nov-2019 , 08:39:41 am | Posted By CASANSAAR
The Government of Canada issued 3,600 invitations to apply for Canadian permanent residence to Express Entry candidates in a new draw held November 27.
The minimum Comprehensive Ranking System (CRS) score required in this draw was 471. This is a reduction of one point from the previous Expr...
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International Business |
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0 | Hits : 1922
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Vijaya Bank, Dena bank removed from second schedule of RBI Act
Posted Date : 29-Nov-2019 , 08:34:22 am | Posted By CASANSAAR
The Reserve Bank of India on November 28 said it has excluded Vijaya Bank and Dena Bank from the second schedule of the RBI Act, with effect from April 1, 2019.
"Vijaya Bank and Dena Bank have been excluded from the second schedule to the Reserve Bank of India Act, 1934 with effect from Apri...
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RBI |
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Govt sets timeline for GST e-invoicing, trial to start January 1, 2020
Posted Date : 29-Nov-2019 , 08:27:02 am | Posted By CASANSAAR
The Government has come out with the timeline for the new e-invoicing system under GST and the limit of application for each category. Accordingly, it has been decided by the government that businesses having a turnover of Rs.500 crore or more would take up e-invoicing from January 1, 2020 on volunt...
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GST |
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New offline Tools of GSTR-9 & GSTR-9C are likely to be available by 10th December 2019
Posted Date : 28-Nov-2019 , 04:50:46 pm | Posted By CASANSAAR
Government has made some changes in the forms of Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) vide Notification No. 56/2019 dated 14.11.2019. Accordingly, the changes in the application software and the offline tools are likely to be made available by 10th Dec. 2019.
...
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GST |
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0 | Hits : 812
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FM Nirmala Sitharaman presents 1st supplementary demand of grants
Posted Date : 28-Nov-2019 , 01:55:40 pm | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman on Thursday sought Parliament nod for additional spending of Rs 21,246.16 crore, including over Rs 8,820 crore for the newly formed union territories of Jammu and Kashmir and Ladakh, in the first batch of supplementary demands.
Of this, the net cash outgo will ...
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Finance |
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ICAI sign MoU with Kuwait Auditors and Accountants Association
Posted Date : 28-Nov-2019 , 08:57:06 am | Posted By CASANSAAR
The Institiute of Chartered Accountants of India (ICAI) has signed a Memorandum fo Understanding (MoU) with the Kuwait Accountants and Auditors Association (KAAA) according to a release issued by the institute on Wednesday.
Under the MoU, the ICAI will offer technical training programs to employe...
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ICAI |
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0 | Hits : 1495
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Job Work under GST - A Complete Analysis
Posted Date : 28-Nov-2019 , 08:46:23 am | Posted By CASANSAAR
Job Work under GST - A Complete Analysis
(Job Work under GST - A Complete Analysis by CA. Bhavesh Mittal)
https://youtu.be/T6WJfamBI68
Dont Forget to LIKE the Video and SUBSCRIBE CA Sansaar YouTube Channel
...
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GST |
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0 | Hits : 1005
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SEBI issues guidelines for preferential issue by listed REITs
Posted Date : 28-Nov-2019 , 08:41:00 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Wednesday issued guidelines for preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust (REITs).
The regulator said a listed REIT may make a preferential issue of units or an institutional place...
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SEBI |
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0 | Hits : 802
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NFRA gets own address after long wait
Posted Date : 28-Nov-2019 , 08:36:57 am | Posted By CASANSAAR
It took almost a year but India’s premier audit and accountancy regulatory body — the National Financial Reporting Authority (NFRA) — has finally found its own address.
After camping in make-shift offices, it shifted to a upmarket central Delhi building just a few months ago tha...
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NFRA |
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Government hikes authorised capital of FCI to Rs 10,000 cr
Posted Date : 27-Nov-2019 , 01:27:41 pm | Posted By CASANSAAR
The government on Wednesday increased the authorised capital of Food Corporation of India (FCI) to Rs 10,000 crore from Rs 3,500 crore, paving the way for additional equity infusion in the state-owned firm.
The decision would also help the FCI, the government's nodal agency for procurement an...
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General |
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SEBI bars Brokerage Karvy over alleged misuse of client funds
Posted Date : 27-Nov-2019 , 10:07:06 am | Posted By CASANSAAR
A ban by market regulator Securities and Exchange Board of India (Sebi) on Karvy Stock Broking from taking on new clients and executing trades for allegedly misusing client securities has unnerved the country's retail investors.
Sebi barred Karvy on Friday after a preliminary investigation by...
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SEBI |
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0 | Hits : 891
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GST authorities unearth racket involving Rs 140 Cr tax fraud
Posted Date : 27-Nov-2019 , 09:49:49 am | Posted By CASANSAAR
GST authorities have unearthed a tax racket and arrested one person for allegedly defrauding the government to the tune of about Rs 140 crore through fraudulent means. The Central Board of Indirect Taxes and Customs (CBIC) in a release said that the Central GST Delhi North Commissionerate has uneart...
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GST |
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21 Income Tax officers accused of corruption asked to retire
Posted Date : 27-Nov-2019 , 09:47:40 am | Posted By CASANSAAR
The government has ordered compulsory retirement of 21 income tax officers in the fifth tranche of its crackdown on officials accused of corruption and other malpractices.
Government sources said these officers have been removed on charges of misuse of official position to seek and receive bribes...
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Income Tax |
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Over 92,000 working at BSNL, MTNL opt for voluntary retirement
Posted Date : 26-Nov-2019 , 10:05:52 am | Posted By CASANSAAR
Over 92,000 employees of State-run BSNL and MTNL have so far opted for the recently announced Voluntary Retirement Scheme, according to a government source.
The source said the scheme and the strong response it has generated marks the biggest milestone in the history of these corporations. Nearly...
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General |
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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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ICSI |
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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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MCA |
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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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General |
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0 | Hits : 749
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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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International Business |
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Procedure of e-Invoicing under GST
Posted Date : 25-Nov-2019 , 09:45:32 am | Posted By CASANSAAR
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GST |
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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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Insolvent Professional |
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0 | Hits : 1068
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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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RBI |
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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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RBI |
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