"16 April 2010" Archive

Over 1,100 CBI cases on corruption pending

Government on Friday said as many as 1,120 cases pertinent to corruption and economic offences are pending probe by Central Bureau of Investigation (CBI). In a written reply to Rajya Sabha, Minister of State in the Ministry of Personnel, Public Grievances & Pensions Prithviraj Chavan said a total of 1,120 corruption and economic offence c...

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Posted Under: Finance |

Announcement – For Mandatory Compliance by Indian CA Firms having Affiliation with International Entities/Network

Agreement/contract with the multinational entity; (2) Terms and conditions for usage of name of multinational entity; (3) Arrangement for sharing of fees/profit with other Indian CA firms with similar/identical name and with the multinational entity; (4) Arrangement for sharing of human resources and infrastructure with other Indian CA fi...

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Posted Under: Finance |

Dual Listing

Dual Listing has been in the news in recent times due to the proposed alliance between Asia's leading telecommunications provider Bharti Airtel and South Africa-based MTN Group that would help create the third largest mobile phone group in the world. This has created a buzz in the world of telecommunications. However, this alliance is dep...

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Posted Under: Finance | ,

Competition Act, 2002 & impact on industry in the years ahead

Notification dated 28th August, 2009 issued by the Ministry of Corporate Affairs (`MCA’) repealed the Monopolies and Restrictive Trade Practices Act, 1969(`MRTP ACT’) with effect from 1st September, 2009. The repealed Act was replaced by the Competition Act, 2002 (`COMPETITION ACT’) as amended by the Competition (Amendment) Act,2007...

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Posted Under: Finance |

CBDT and Income Tax department received certification under IS 15700:2005 from the Bureau of Indian Standards

No.402/92/2006- MC 06/04/2010

The Central Board of Direct Taxes (CBDT) and the Income Tax department has received certification under IS 15700:2005 from the Bureau of Indian Standards for excellence in public delivery system after audit of the Directorate of Organisation and Management Services (DOMS), the nodal agency for implementation of Sevottam scheme, and the Aa...

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SEBI circular on Amendments to Equity Listing Agreement – Discontinuation of Electronic Data Information Filing and Retrieval (EDIFAR) System

Circular No. CIR/CFD/DCR/3/2010 16/04/2010

SEBI has since discontinued the EDIFAR system w.e.f from April 1, 2010. In view of this, Stock Exchanges are advised to carry out the consequential amendments in Equity Listing Agreement i.e. removal of words, “and also through the EDIFAR website” from Clause 32 and omission of Clause 51 from Equity Listing Agreement....

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Income Tax officials visited offices of IPL, Lalit Modi

With allegations and counter allegations over the bidding process, Income Tax officials today visited the headquarters of the cash-rich IPL and office of its Commissioner Lalit Modi to inquire into financial details and share holding patterns of all the league franchisees....

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Posted Under: Finance |

Cost accountants body to set up centres for filing e-returns

Apex cost accountants body ICWAI today said it will set up centres for filing returns and tax-related documents electronically. Under an agreement signed with Central Bureau of Excise and Customs (CBEC), the Institute of Cost and Works Accountants of India (ICWAI) will provide facilitation centres across the country for e-filing of return...

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Posted Under: Finance |

ICAI Help Line Desk – Admit Card – CA Exams May 2010

Do you have any query about MAY, 2010 examination? The Help Line Desk will be functional from 16th April to 12th MAY, 2010 for 24 hours on all days (inclusive of holidays and Sundays) to attend to any query relating to the ensuing Chartered Accountant Examinations to be held from 3rd to 17th MAY, 2010. The telephone Numbers of Help Line D...

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Posted Under: Finance | ,

Change of Examination Centres for May-2010 CA Exam

Due to paucity of accommodation in some Zones opted by the candidates in the cities of Bangalore, Delhi/New Delhi , Hyderabad, Indore, Kolkata and Mumbai some of the candidates have been allotted examination Centres in other Zones of the said cities where the accommodation is available....

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Posted Under: Finance |

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