The Supreme Court on Thursday stayed the Income Tax department from passing any order in the case related to payment of brand licensing fee and royalty by auto major Maruti Suzuki India to parent Suzuki Motor Corporation. A three judge bench headed by Chief Justice S H Kapadia directed the department to maintain status quo till October 1, , next date of hearing of the matter on transfer pricing — the technique where parent companies sell goods and services to subsidiary.
The Ministry revived the Scheme of Certified Filing Centres (CFCs) and renewed the same for a further period of three years from July 01, 2010. The registration process for the renewed Scheme started from 1st July 2010 and was kept open for 2 months.
Bank customers and equity trading account holders have stopped getting transaction alerts on their mobiles as the government has put a ban on bulk SMS service in wake of the pending judgement in the Ayodhya title suit. In view of the Government of In
The Institute of Cost and Works Accountants of India (ICWAI) and the Institute of Professional Accountants and Auditors of Russia (IPAR) have signed a Memorandum of Understanding in Moscow in the presence of Shri R. Bandyopadhyay, Secretary, Ministry
The Ministry of Communications and Information Technology has today issued orders in consultation with the Ministry of Home Affairs to all Mobile Telecom Service Providers in the country that all bulk SMS and all bulk MMS messages shall remain banned
Takeover Regulations Advisory Committee (TRAC) of SEBI was set up to improve upon the existing regulations for Takeover of listed companies. Before providing the regulation wise detailed comments, following are some of our observations on the fundamental issues:
Finance Minister Pranab Mukherjee on Thursday exuded confidence that the Indian economy will post better growth than 8.75 per cent this fiscal, as projected by the economic survey.
The Government has increased the current limit of Foreign Institutional Investors (Fll) investment in Government Securities by US $ 5 billion raising the cap to US $ 10 billion and the incremental limit of US $ 5 billion be invested in securities wit
The Reserve Bank of India has, today, placed on its website “A Profile of Banks 2009-10”. The publication, “A Profile of Banks 2009-10”,the sixth volume in the series, provides a bank-wise and bank group-wise information on important performance in
The Cabinet today approved the proposal for introducing the National Identification Authority of India Bill, 2010 in Parliament. The Bill proposes to constitute a statutory authority to be called the National Identification Authority of India and lay down the powers and functions of the Authority, the framework for issuing UID numbers (aadhaar numbers), major penalties and other related matters through an Act of Parliament.
