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Apr 12, 2010

TaxGuru.in : Legal & Tax Updates 13.04.2010

TaxGuru.in : Legal & Tax Updates (in this message: 21 new items)

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nline database of Board of Directors of Central Public Sector Enterprises (CPSES)

Posted: 12 Apr 2010 09:04 PM PDT

The Department of Public Enterprises (DPE) has taken the initiative to build and maintain a database of incumbents of Boards of Directors of CPSEs. In its Results Framework Document for the year 2009-10, DPE had committed to launch an online portal...

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Notification No. 16 /2010 – Central Excise (N.T.)- Amending Notification No. 6/2007 (N.T), notification No 02/2008(N.T.), notification No 26/2008(N.T.) and notification No 37/2008(N.T.)

Posted: 12 Apr 2010 08:58 PM PDT

In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), and in suppression of the notifications of the Government of India, Ministry of Finance, Department of Revenue No. 6/2007-Central...

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Notification No. 15 /2010 – Central Excise (N.T.)- Making further amendment in Notification No.25/2005

Posted: 12 Apr 2010 08:51 PM PDT

In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India,...

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Notification No 14 /2010 Central Excise (N.T.) making Further amendment in Notification No.24/2005

Posted: 12 Apr 2010 08:48 PM PDT

In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India,...

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FM Initiates Process of Disbursal of Disgorgement Proceeds to Investors

Posted: 12 Apr 2010 08:26 PM PDT

The Finance Minister, Shri Pranab Mukherjee initiated the process of disbursement of disgorgement proceeds to investors who have been identified as rightful beneficiaries of the gains recovered from the wrong doers, here today. Describing this as a...

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DGFT Policy Circular No. 30 /2009-14 – Listing of Supporting Manufacturer in the SHIS Scrip (Para 3.10.4 of HBPv1) and other details/instructions regarding SHIS

Posted: 12 Apr 2010 08:15 PM PDT

Attention is invited to Para 3.16 of the FTP and Public Notice No. 54/2009-14 dated 8.4.2010 which announced the procedure and application form ANF3E for filing the claim under SHIS scheme. Foroperationalising the scheme, the following has been...

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SEBI, IRDA agreed to maintain status quo that existed before SEBI's ban on ULIP sell, Montek in favour of early solution to dispute

Posted: 12 Apr 2010 08:09 PM PDT

The government today said the two regulators SEBI and IRDA have agreed to maintain the status quo that existed before market regulator's ban on 14 life insurers from raising funds for unit-linked schemes. The status quo will be maintained till a...

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Local Court directed CBI to file memo before it by April 16

Posted: 12 Apr 2010 08:05 PM PDT

A city court today directed the CBI, probing the multi-crore accounting fraud in Satyam Computers, to file a memo before it by April 16 on whether it has locked the record rooms at Satyam Technology Centre (STC) and its 'My Home Hub' premises here.

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ICAI Invitation to send Issues and Suggestions related to Indirect Taxes

Posted: 12 Apr 2010 07:56 PM PDT

Laws and rules relating to Indirect Taxes have been evolving on account of development in business models, economic growth of the country, global developments, and technological advances and also with reforms in this field of taxation especially, in...

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Ministry mulls relaxation in criminal prosecution for delay in filing balance-sheet with ROC

Posted: 12 Apr 2010 07:49 PM PDT

In what would be good news for many firms, a scheme is being prepared to avoid criminal prosecution for delay in filing one's balance-sheet with the Registrar of Companies (RoC).The Union ministry of corporate affairs is working on a scheme of...

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Not happy with empanelment process- WIRC withdrawn its nominees from Audit Allotment Committee of all DDR

Posted: 12 Apr 2010 07:35 PM PDT

As per the Instructions received from our Professional Development Committee at Head Office in Delhi, we are constrained to withdraw all our nominees from the Audit Allotment Committees appointed at the level of local District Deputy Registrars, as...

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New Zealand accountancy firms outsourcing work to Indian Chartered Accountants

Posted: 12 Apr 2010 07:15 PM PDT

Wellington: New Zealand may have 30,000 chartered accountants, but a large number of accountancy firms are outsourcing their work to India. At least two New Zealand accountancy firms, including Polson Higgs, have been progressively outsourcing...

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CAs have edge Over MBAs

Posted: 12 Apr 2010 06:58 PM PDT

Chartered accountants, the nuts-and-bolts professionals in the world of finance, are scoring brownie points over suave MBA finance graduates as India Inc gets increasingly risk-averse in a post-slowdown environment. Companies are focusing more on...

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RBI allowed FIIS to offer domestic and foreign government securities as collateral to stock exchanges

Posted: 12 Apr 2010 06:53 PM PDT

Reserve Bank of India on Monday allowed foreign institutional investors to offer domestic and foreign government securities as collateral to stock exchanges for cash segment transactions. According to market regulator Securities and Exchange Board...

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Government may look into ongoing tussle between IRDA and SEBI on ULIP ban

Posted: 12 Apr 2010 06:49 PM PDT

SEBI chairman C B Bhave, and IRDA chief J Harinarayan had separate meetings with finance secretary Ashok Chawla on Monday over the ongoing tussle between the two regulators over equity-linked insurance schemes. The differences between the two...

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Defence ministry plan to oppose Proposal to increase FDI in defence sector

Posted: 12 Apr 2010 06:43 PM PDT

Ministry of defence plans to oppose a proposal from the ministry of commerce and industry to allow foreign defence corporations to establish fully-owned defence units in India. The new Consolidated Foreign Direct Investment Policy, effective from...

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DTC will go through major changeover to address the areas of concern

Posted: 12 Apr 2010 06:38 PM PDT

A senior official in the finance ministry said the Central Board of Direct Taxes addressed the nine areas of concern in the Code identified by Finance Minister Pranab Mukherjee. Besides, many other parts would be changed to take care of the concerns...

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Discounted Cash Flow- A Complex Valuation Method

Posted: 12 Apr 2010 06:07 PM PDT

Despite being one of the most complex methods of stock valuation, Discounted Cash Flow (DCF) analysis gained wide popularity following the Great Stock Market Crash of 1929. Though DCF calculation has been used in some form or other since ancient...

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EBITDA Multiple – A Smart Valuation Method

Posted: 12 Apr 2010 05:57 PM PDT

EBITDA (Earnings before Interest, Taxes, Depreciation and Amortisation) multiple is often called as Enterprise Multiple since it takes into account entire enterprise irrespective of capital structure. It takes into account a company's debt and cash...

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All about Price-To-Earnings Ratio (P/E)

Posted: 12 Apr 2010 05:55 PM PDT

Price-To-Earnings Ratio is one of the simplest and most popular method of valuation which measures the price paid for a single share in comparison to its earnings per share. It is calculated by using the following formula:PE Ratio= Market Value Per...

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Key Valuation Methods

Posted: 12 Apr 2010 05:49 PM PDT

Whether the capital markets are bearish or bullish, most of the investors generally face a common problem as to when to take position in a particular stock and when to exit so that they can maximize their profits. Investors usually want to know the...

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With Regards, 
CA Sandeep Kanoi 
Website: http://www.taxguru.in/ 
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