The minimum authorised capital for Private Limited Company – Rs.1,00,000/-, For Public Limited Company -Rs.5,00,000/- For the use of some key words as part of name, the minimum authorised capital is given below: 1. Corporation : 5 Crores
MUMBAI: There is a sliver of cheer for brokerage houses grappling with shrinking revenues. The outcome of legal disputes between stock broking firms and Income-Tax department on the treatment of losses arising from dealing errors may provide some breather to the broking industry. Moreover, policymakers could view the rulings as a yardstick for amending Section […]
Troubled software exporter Satyam on Tuesday said it has been approached for takeover by domestic and foreign companies, the IT company’s board member Tarun Das said.
38. First and foremost rule of construction of interpretation is that in the absence of anything in the enactment to show that it is to have retrospective operation, the said enactment cannot be construed to have retrospective operation and when amendment relates to a procedural provision results into creating a new disability or obligation and which imposes new duty in respect of transactions already completed,
The Institute of Chartered Accountants of India (ICAI) has decided to serve show cause notice to the auditors of the tainted Satyam Computers, ICAI central council member K Raju said on Monday.
The two auditors of Satyam Computer Services, appointed by PWC to audit the accounts of the company, were not partners of the audit firm at that time, people close to the investigation told.
Did Satyam Computer Services’ promoter B Ramalinga Raju make a calculated move in owning up to a Rs 7,800 crore fraud to lessen the degree of punishment? With media reports speculating that Raju may have had benami accounts, land holdings and so on, senior government sources told Outlook Business that the suspicion from day one […]
Institute of Chartered Accountants of India (ICAI) has formed a six- member high level team to go into the Satyam Computer Services fiasco that has drawn international attention, informed ICAI central committee member K Raghu.
THE Ministry of Corporate Affairs has ordered an inspection of the accounts of Satyam Computer Services Ltd. under Section 209A of the Companies Act that brings in its ambit the subsidiaries too. The Ministry has also ordered serious frauds investigation under Section 235 of the Act.
Pricewaterhouse Coopers (PwC), the audit and consultancy firm which failed to detect the fraud in Satyam Computer Services, has been assigned to study the central government’s transparency efforts by examining the issues and constraints in implementing the Right to Information (RTI) Act.
