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Mar 8, 2013

Empanelment of CA firm for concurrent audit of Andhra Bank

Empanelment of CA firm for concurrent audit of Andhra Bank

Posted: 08 Mar 2013 06:21 PM PST

1 Andhra bank invites applications from practicing Firms of Chartered Accountants, who are willing to have their Firm empanelled as Concurrent auditor of the bank. Those Firms, who have already sent their profiles / bio data need not apply again.

RBI guidelines & SARFAESI proceedings?

Posted: 08 Mar 2013 06:09 PM PST

It is very clear that the Banks should follow RBI guidelines on Asset-Classification before classifying any loan account as 'Non-performing Asset (NPA)'. There were judgments saying that it is mandatory for the Banks to follow RBI guidelines while classifying an account as 'Non-Performing Asset...

New Norms for Credit Cards

Posted: 07 Mar 2013 09:06 PM PST

All new debit and credit cards to be issued only for domestic usage unless international use is specifically sought by the customer. Such cards enabling international usage will have to be essentially EMV Chip and Pin enabled. (By June 30, 2013).

Double Taxation Avoidance agreement (DTAA) with South Korea

Posted: 07 Mar 2013 09:00 PM PST

India has signed 88 Double Taxation Avoidance Agreements (DTAAs) out of which 85 have entered into force, with various countries including Sri Lanka and South Korea. The DTAAs provide for allocation of taxation rights to source State and residence State in respect of business profits including that...

Empanelment of Auditor for Audit of Cooperative Societies F.Y. 2012-13

Posted: 07 Mar 2013 08:20 PM PST

Instructions for filling Application for Empanelment of Auditor for Audit of Cooperative Societies The 97th Amendment to the Constitution of India has made Annual Audit of every Cooperative Society mandatory. The power to appoint an auditor for conducting the said audit vests in the General Body of...

Regulations for issuance and listing of non-convertible redeemable preference shares

Posted: 07 Mar 2013 07:08 PM PST

The Board approved the SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 thereby providing a comprehensive regulatory framework for issuance and listing of non-convertible redeemable preference shares.

Share of States in Central Taxes

Posted: 07 Mar 2013 07:05 PM PST

  As per accepted recommendations of 13th Finance Commission (FC-XIII), the States' share has been fixed at 32% of the net proceeds of sharable Central Taxes for the period from 1.4.2010 to 31.03.2015, and accordingly, devolution is being made to the State Governments.             The details of...

Commissioner of Customs Arrest at Mumbai By CBI in Bribery Case

Posted: 07 Mar 2013 06:50 PM PST

Press Release – New Delhi , 08.03.2013 COMMISSIONER OF CUSTOMS AND A PRIVATE PERSON ARRESTED BY CBI IN A BRIBERY CASE             The Central Bureau of Investigation has arrested a Commissioner of Customs, JNCH, Nhavasheva, Mumbai and a private person in a bribery case of Rs.19 Lakhs....

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