LEGAL & FINANCIAL UPDATES 25.04.2009

ICAI selects 1,240 CA firms for peer review Posted: Fri, 24 Apr 2009 14:36:43 +0000 The Institute of Chartered Accountants  of India (ICAI), the apex body to regulate the profession of chartered accountancy in the country, has selected 1,240 listed firms for peer review. According... PwC auditors 'ignored' Satyam fraud for exorbitant audit fee Posted: Fri, 24 Apr 2009 14:30:07 +0000 Two PricewaterhouseCoopers auditors were aware that accounts of Satyam, the IT outsourcer at the centre of India's biggest corporate fraud, were being misstated but signed them off in return for an... Foreign Direct Investment in India -Transfer of Shares / Preference Shares / Convertible Debentures by way of Sale - Modified Reporting Mechanism Posted: Fri, 24 Apr 2009 13:42:59 +0000 RESERVE BANK OF INDIA RBI/2008-09/447      A. P. (DIR Series) Circular No.63 April 22, 2009 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment in India -Transfer of... IRDA not to have panel of auditors for statutory audit Posted: Fri, 24 Apr 2009 13:19:50 +0000 The Insurance Regulatory and Development Authority (IRDA) has refrained from directly appointing statutory auditors, by retaining the practice of prescribing eligibility criteria for appointment... Date of Purchase for higher rate of depreciation on Purchase of Commercial Vehicle extended to 30th September 2009 Posted: Fri, 24 Apr 2009 12:36:58 +0000 Income-tax (Eleventh Amendment) Rules, 2009 - Amendment in New Appendix 1 NOTIFICATION NO. 37/2009 [F.No.142/01/2009-TPL], DATED 21-4-2009 In exercise of the powers conferred by section 295 of the... Uploading of MVAT electronic returns by refund claimants and 'nil' return dealers Posted: Fri, 24 Apr 2009 07:40:09 +0000 TRADE CIRCULAR. No.VAT/ JC Returns/       Mumbai Dt : 21.04.2009    Trade Cir.15 T of 2009                 Sub:   Uploading of electronic returns by refund claimants and 'nil' return dealers Ref:... 75-year-old former Income Tax Officer wins defamation case against CBDT chairman and 2 Commissners with damages worth Rs 5L Posted: Fri, 24 Apr 2009 07:31:18 +0000 Justice prevails finally after a long legal battle for 10 years when of a former I-T officer, PR Toora aged about 75 year old got back his "lost reputation" when Additional District Judge... Grant of Administration Relief to unregistered dealers under MVAT Act Posted: Fri, 24 Apr 2009 07:10:33 +0000 TRADE CIRCULAR Mumbai Dt :18.04.2009 No.DC(A&R)/Adm-6/VAT- 2009/Adm. Relief Trade Cir.- 14 T of 2009  Sub:-   Grant of Administration Relief to unregistered dealers. Ref:-    1) Govt. Resolution... RBI to phase out high value clearing for Cheques drawn over 1 Lakh Rupees Posted: Fri, 24 Apr 2009 02:57:26 +0000 High value clearing, the facility that enables depositors to encash cheques drawn for over Rs 1 lakh the next day, is set to be phased out. The Reserve Bank of India (RBI) has increased the minimum With Regards, My Website: http://www.taxguru.in/ Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email   Enter your email address: Delivered by FeedBurner

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