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Archive: 21 March 2009

Posts in 21 March 2009

CBI arrests CA Sunil Shah & tax consultant Dinesh Mathuria for graft

March 21, 2009 5053 Views 0 comment Print

The anti-corruption wing of the Central Bureau of Investigation (CBI) on Wednesday arrested a chartered accountant (CA) and a tax consultant for demanding a bribe of Rs 6 lakh from a 70-year-old woman to get her case settled at the Income Tax (I-T) office. The CBI who initially had also registered a case against a […]

Sebi to revise client-broker agreement norms to stop squandering of client

March 21, 2009 207 Views 0 comment Print

In order to stop squandering of client funds, the Securities and Exchange Board of India is planning to issue new norms for client-broker agreement in a month’s time. A client-broker agreement lists terms and conditions relating to order and trade confirmation, contract notes, brokerage, settlement schedules, margin payments and dispute resolution. It also makes it […]

HDFC Bank fined for forcible seizure of car financed by it

March 21, 2009 655 Views 0 comment Print

The Delhi Consumer Commission has directed the HDFC Bank to pay Rs 35,000 as compensation to an export house for forcibly seizing a financed car on its failure to pay two instalments.”Whenever any bank resorts to such a method, it is liable to compensate the consumer as to the mental agony, harassment and humiliation suffered by him and return the post-dated cheques,” the Commission headed by Justice J D Kapoor said.

Educational loans provided by banks are meant only for poor and meritorious student: Madras HC

March 21, 2009 232 Views 0 comment Print

The Madras high court bench in Madurai has ruled that educational loans being provided by the banks are meant only for poor and meritorious students who can not not pursue their studies due to poverty. Dismissing a writ petition, filed by Harish Babu of Aruppukottai on Thursday, Justice S Manikumar said students with means to […]

ICAI cancelled Online Common proficiency Test scheduled on 29th March,2009

March 21, 2009 300 Views 0 comment Print

IMPORTANT ANNOUNCEMENT In partial modification of our Announcement dated 12th February ,2009 , it is hereby notified for the information of general public that the Online Common proficiency Test scheduled on 29th March,2009 has been cancelled owing to less number of candidates applying for the same . However , on 28th March, 2009 the online […]

ICAI announces date of CPT Exams June 2009

March 21, 2009 3117 Views 0 comment Print

The next Common Proficiency Test (CPT) ( Paper-Pencil Mode) of the Institute will be held on 28th June, 2009 at the following centres :  1) Centres in India –  Agra, Ahmedabad, Ahmednagar, Ajmer, Akola, Alappuzha, Aligarh, Allahabad, Alwar, Ambala, Amravati, Amritsar, Anand, Asansol, Aurangabad, Bangalore, Bareilly, Bathinda, Beawar, Belgaum, Bellary, Bhilwara, Bhopal, Bhubaneswar, Bilaspur, Bikaner, Chandigarh, […]

PWC maintains that it did not play any role in the alleged financial irregularities of Satyam

March 21, 2009 558 Views 0 comment Print

Auditing and consulting firm PricewaterhouseCoopers (PwC) maintains that it did not play any role in the alleged financial irregularities of  fraud-mauled Satyam Computer Services Limited, but is looking back at “significant lessons” from the controversy linked to accusations that its  partners rubber-stamped doctored accounts in the company. It does not expect any major loss of […]

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