| Summary of recent Amendments to the Equity Listing Agreement Posted: 08 Apr 2010 08:39 PM PDT Securities and Exchange Board of India [SEBI] has, on 5 April 2010, directed Stock Exchanges [SE] to amend the Equity Listing Agreement [LA]. The amendments to LA puts in place of earlier decisions of SEBI Board meetings held on 22 September 2009... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Company law – judicial interpretation Transfer of shares of a public company Posted: 08 Apr 2010 08:29 PM PDT In a recent judgment of Western Maharashtra Development Corporation Limited vs. Bajaj Auto Limited, the Bombay High Court has held (among other things) that in case of a "public company", its shares are freely transferrable under the Companies Act,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Salient features of amendments to the NBFC Directions – Introduction of 4th category of NBFC – Infrastructure Finance Company (IFC) Posted: 08 Apr 2010 08:24 PM PDT RBI has, on 11 February 2010, amended the Non-Banking Financial (Non- Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 [NBFC Directions] to introduce a 4th category of Non Banking Financial Company [NBFC] viz.... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Criteria for identification of a vanishing company Posted: 08 Apr 2010 08:16 PM PDT As per the information available on the website of the Ministry of Corporate Affairs (MCA), Government of India, a company would be deemed to be a vanishing company, if it is found to have: 1. Failed to file returns with Registrar of Companies... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Illegal trading in commodity market may attract penalty up to Rs. 5 Lakh Posted: 08 Apr 2010 07:44 PM PDT To curb illegal trading in commodity market, the regulator FMC has asked exchanges to impose a penalty of Rs 100,000-500,000, with effect from April 1, on brokers carrying unauthorised trading activities.Besides introducing a penalty for illegal... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Government approved proposal to introduce the Prevention of Torture Bill, 2010 Posted: 08 Apr 2010 07:38 PM PDT The Cabinet today approved a proposal to introduce the Prevention of Torture Bill, 2010 in the Parliament. This is a step towards ratification of the Convention against Torture and Other Cruel, Inhuman and Degrading Treatment or Punishment adopted... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Madhya Pradesh VAT amendments effective from 1 April, 2010 Posted: 08 Apr 2010 07:05 PM PDT The Madhya Pradesh Government has enacted the Madhya Pradesh Value Added Tax (Amendment) Act, 2010. Some of the significant changes under the said Act are as follows: Effective from 1 April, 2010, the rate of tax on goods falling under Part IV of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Delhi VAT amendment imposing restrictions to input tax credit effective from 1 April, 2010 Posted: 08 Apr 2010 07:02 PM PDT The Delhi Government has imposed certain restrictions and conditions subject to which a dealer can avail input tax credit. The amendments, effective from 1 April, 2010, are as follows:1. Input tax credit will be available to a dealer for a tax... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Haryana VAT rate changes effective from 1 April, 2010 Posted: 08 Apr 2010 06:54 PM PDT Effective from 1 April, 2010, the Haryana Government has introduced „Additional Tax? in the nature of surcharge. The Additional Tax is required to be calculated at 5% of the amount of VAT. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Recent Amendment in PPF related to Deposit date in Cheque payments and Opening of Account for Minor Posted: 08 Apr 2010 06:27 PM PDT As per a recent circular issued by the government in respect of PPF provisions, following clarifications are worth noting. Deposit date in Cheque payments :-Till recently, in case of a PPF when a subscriber used to make deposits by local cheque or... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Ernst & Young Role under scanner in Lehman Bankruptcy Posted: 08 Apr 2010 06:14 PM PDT The pressure on accounting firm Ernst & Young continues to grow as an oversight board, created under the Sarbanes-Oxley accounting reform act of 1992, launches an investigation into the firm's role in Lehman Brothers' bankruptcy. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Corporate fraud incidents on the rise in India: KPMG Posted: 08 Apr 2010 06:09 PM PDT Almost 75 per cent of corporate India surveyed felt the overall incidence of fraud was rising, according to India Fraud Survey Report 2010 by KPMG. The report also pointed out that e-commerce and computer-related frauds would be major concerns to... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Government banned foreign direct investment (FDI) in cigarette manufacturing Posted: 08 Apr 2010 06:08 PM PDT Government on Thursday banned foreign direct investment in cigarette manufacturing. "FDI will be prohibited in the manufacture of cigarettes, whether it is for domestic consumption or for exports," home minister P Chidambaramtold reporters after the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Biggest Ever Ponzi scheme -The one which was run by Bernie Madoff Posted: 08 Apr 2010 06:04 PM PDT Bernie Madoff's game got over some time in March 2009. His investment advisory business, Madoff admitted, was a gigantic Ponzi scheme. He had defrauded thousands of high net-worth investors of billions of dollars. This was the mother of all Ponzi... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| SEBI circular on Applications Supported by Blocked Amount (ASBA) facility in public issues Posted: 08 Apr 2010 10:01 AM PDT 1. This has reference to circular No. SEBI/CFD/DIL/ASBA/1/2009/30/12 dated December 30, 2009 in the captioned matter, wherein as para 2(c)(i), ASBA facility was available to all the investors except Qualified Institutional Buyers (QIBs). In this... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| SEBI issued Master Circular for Depositories Posted: 08 Apr 2010 09:57 AM PDT CIR/MRD/DP/11/2010 April 6, 2010 Securities and Exchange Board of India (SEBI) has been issuing various circulars from time to time. In order to enable the users to have an access to all the applicable circulars at one place, Master Circular for... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Master Circular on Allotment of codes to Stock Exchanges, Subsidiary management by Stock Exchanges, Governance of recognised Stock Exchanges and Arbitration in recognised Stock Exchanges Posted: 08 Apr 2010 09:51 AM PDT The Securities and Exchange Board of India has, from time to time, issued various circulars/directions on the captioned subject. In order to enable the users to have an access to all the applicable circulars at one place, this Master Circular has... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Service Tax on Sports Activities Posted: 08 Apr 2010 09:30 AM PDT Services of promoting of a brand of goods, services, event, business entity etc is now proposed to be under service tax net from a notified date (not now). According to new clause (zzzq) of section 65(105) of Finance Act, 1994, any service provided... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Ethics, morality and Social Responsibility in Corporate Compliance Management Posted: 08 Apr 2010 05:06 AM PDT It was the then wandering monk, Swami Vivekananda who instilled the idea of a steel plant in India in the then merchant Jamshedji N. Tata during their journey in a ship together form the port of Oklahama in Japan to Boston in USA. The first... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
|
No comments:
Post a Comment