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Since Direct Taxes Code Bill, 2010 has already been introduced in the Parliament, it is, expected that the Finance Bill to be introduced in February, 2011 would not make significant policy changes at this stage.
With reference to a news item appearing in a certain section of the print media today, it is clarified that there is no move in the Ministry of Finance, Government of India for any change of financial year from April – March to January – December or
The Companies Bill 2009 has dealt with independent directors quite extensively. The Standing Committee has spent significant time on issues relating to independent directors as evident from the report of the Committee. This shows the criticality of the effectiveness of independent directors in corporate governance.
India’s largest distribution network with 1.55 lakh offices has been thrown open to the insurance industry with the industry regulator allowing IndiaPost to sell policies of multiple insurance companies. This opens a new distribution channel for insurers who have been desperately trying to poach bank distributors from rivals to increase their reach.
A district consumer forum recently brought to book a bank that made a couple run from pillar to post after they had expressed their willingness to close their housing loan account before maturity. Stating that the complainants experienced financial l
When its auditors were wrongly led to believe that the current asset figures given to it by Satyam Computers was prim and proper, the episode threw light on a fear that chartered accountants in the country have long harbored at the back of their mind
The introduction of joint audits could increase the likelihood of fraud according to a senior Big Four partner. The partner, who did not want to be identified, said the introduction of joint audits in the UK could increase the chance of fraud occurring and would not increase the audit quality. “A crook could deliberately see an advantage in having two sets of auditors,” he said. “It needs to be borne in mind that the biggest fraud that ever took place in the UK, namely BCCI, had joint auditors.”
The High Court noted with anguish that even at the second appellate stage the matters are being dealt with in such a casual manner. The High Court stated that it did not expect the Tribunal, which the highest fact-finding authority in matters relatin
Important Note by ICAI to Students while downloading Admit Card : “ Students are requested to download their admit card using their registration no. only and not the bar code no.” CA November 2010 PCC, IPCC & Final Exams Admit card/Hall ticket avai
the following Members of the Tribunal are hereby transferred in public interest, in the same capacity, to the Bench/es of the Income Tax Appellate Tribunal as shown against their names with effect from the afternoon of 25th October, 2010. Shri. G. S. Pannu, AM Shri. A. L. Ghelot, AM. Shri. R. C. Sharma, AM. Shri. D. K. Srivastava, AM
