| SARFAESI Act may be amended for faster seizure of Assets of Loan defaulters Posted: 07 May 2010 07:58 PM PDT The government plans to tweak laws to facilitate seizure of assets from defaulting borrowers to help banks reduce non-performing assets, which are on the rise after the recent economic downturn.The finance ministry is expected to move a proposal... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Special Placement Programme – June, 2010 for experienced and fresh Chartered Accountants from 22nd to 26th June, 2010 Posted: 07 May 2010 07:30 PM PDT As a measure to develop employment opportunities for Chartered Accountants, Committee for Members in Industry (CMII) of ICAI has been successfully organizing placement programmes twice a year for Newly Qualified Chartered Accountants, wherein... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Presumptive taxation good for small and medium size business Posted: 07 May 2010 07:22 PM PDT Generally, small businesses face a daunting task in respect of starting and running their business due to various reasons like lack of availability of credit, trained manpower, and access to technology. In order to reduce their administrative burden... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Center may uniform the stamp duty rates in various state, Rates to be 5 percent on property Posted: 07 May 2010 07:13 PM PDT The Centre is finally set to overhaul the over 100-year-old Indian Stamps Act to bring in more consistency among the states in the way the stamps and registration duties are charged by them, besides rationalising rates and curbing evasion. By the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ICSI suggests inclusion of secretarial standards in the Companies Bill 2009 Posted: 07 May 2010 07:09 PM PDT The Institute of Company Secretaries of India (ICSI) has suggested the Ministry of Corporate affairs to include about 10 secretarial standards in the Companies Bill 2009. The Bill already includes suggestions pertaining to general and board meetings... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| DGFT Public Notice No. 60/2009-14- Amendment in Appendix 30A of the HBP. Vol.I Posted: 07 May 2010 06:53 PM PDT PUBLIC NOTICE No. 60 / 2009-14, NEW DELHI: the 6th May, 2010. In exercise of powers conferred under Para 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Inclusion in / exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – Regional Rural Banks (RRBs) Posted: 07 May 2010 06:48 PM PDT We advise that the names of 9 amalgamated Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification RPCD.CO.RRB.No.7812A/03.05.100/2009-10 January 21, 2010 published in the Extraordinary... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Rupee Export Credit Interest Rates Posted: 07 May 2010 06:44 PM PDT In this connection, you may please refer to RBI circular No.MPD.BC.330/07.01.279/2009-10 dated April 23, 2010. The rates of interest applicable have been incorporated in the Annexure to the Directive DBOD.Dir(Exp).BC.No. 101/04.02.01/2009-10 dated... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ICAI Publishes List of Members held Guilty of professional and/or other misconduct Posted: 07 May 2010 06:23 PM PDT List of cases as on 5th May, 2010 where (I) members of the Institute had been found guilty by the Council of the Institute under Section 21 read with Section 22 of the Chartered Accountants Act, 1949 (pre-amended) and the same had also been... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Haryana government may give land to ICAI for setting up training centre Posted: 07 May 2010 06:05 PM PDT Haryana government would explore the possibility of providing land to the Institute of Chartered Accountants of India (ICAI) for setting up of its training centres to impart training in accounts to officials of the state government. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ICAI seeks power for financial reporting review board (FRRB) Posted: 07 May 2010 06:00 PM PDT Institute of Chartered Accountants of India (ICAI) is seeking more power for its financial reporting review board (FRRB), which will enable it to bring to book the auditor and the firm for flouting accounting principles. The central council of ICAI... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| RIL- RNRL verdict Posted: 07 May 2010 05:54 PM PDT In what could be a severe blow to Anil Ambani group seeking cheap gas from elder brother Mukesh- led RIL, the Supreme Court on Friday ruled that government has the last word on pricing and utilisation of national asset. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| RBI extended Concessional credit to exporters by 2 months Posted: 07 May 2010 10:59 AM PDT Reserve Bank has extended the scheme for providing concessional credit to exporters for two more months till June 30, as they are still to fully recover from the demand slowdown overseas. The facility for concessional export credit at 2.5 per cent... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Amnesty Scheme for defunct companies soon Posted: 07 May 2010 10:54 AM PDT The ministry of corporate affairs has upped its ante to weed out defunct companies. Firms that are no longer in operation but are still on the rolls of the registrar of companies (RoC) are identified as defunct. The plan is to come out with an... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Simple exit scheme for sick firms to ready in less than a year Posted: 07 May 2010 10:46 AM PDT The government plans to create a mechanism to facilitate coordination among various regulatory authorities and courts to speed up liquidation of sick companies. The ministry of corporate affairs looks to set up a special purpose vehicle (SPV) that... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Extension of date for submission of e-704 Acknowledgment to 15th May 2010 Posted: 07 May 2010 10:40 AM PDT As per the previous circulars date for submission of Physical Copy of e-704 Acknowledgment along with concern enclosures to the Department was 10th May 2010. Now it is hereby decided that this date is extended up to 15th May 2010 (Saturday). [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| De-recognition of full articleship period Posted: 07 May 2010 10:38 AM PDT The articleship training is the backbone of Chartered Accountancy course as it gives an opportunity to the articled assistants to acquire on-the-job work experience of a professional nature, inculcate a disciplined attitude for hard work, develops... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| IPL – Sweat Equity Share Issue – recognition of intellect as means to capital contribution in Corporates – IP audit in offing! Posted: 07 May 2010 10:31 AM PDT Indian Premier League (IPL) and cricket have generated public interest on the subject, `sweat equity 'shares issue. Survey reveals, very few people have clear idea on the procedure of issue of sweat equity shares. What caused hue and cry is the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
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