To expedite investigations into the books of accounts of companies, the ministry of corporate affairs is planning to outsource the investigation related work to specialised chartered accountant firms.Currently, the job is done by the Registrars of Co
An amount to up to Rs 2 lakh can now be transferred through banks free of cost. The Reserve Bank of India has raised the threshold limit for real time gross settlement (RTGS) transactions from Rs 1 lakh to Rs 2 lakh and introduced a new value band fo
Ministry of Corporate Affairs, after wide consultations with all stakeholders and regulators, has drawn up a clear roadmap for implementation of Indian Accounting Standards converged with IFRS. Converged Standards will have to be followed by Phase-I
This Court, while defining as to who was an employee under Section 2(e) of the Act in Arunachalam S. vs M.D. Southern Structurals reported in 2001 2 LLJ 1457 had held that all employees were entitled to gratuity except an apprentice. This ruling was
About 2.5 lakh employees of State Bank of India have threatened to go on two-day nation-wide strike beginning November 25 to press for wage related issues. “We are demanding early disbursal of undistributed amount in respect of SBI employees pending
Its efforts to handpick projects for CAG audit may have landed Delhi government in a bigger soup. Delhi government sources say they have now been asked by CAG to furnish details of all projects undertaken between 2005-06 to 2009-10 a far cry from jus
The spotlight may shift from the Suresh Kalmadi-led Organizing Committee (OC) to the Sheila Dikshit government, with a tax probe into Commonwealth Games (CWG) sleaze finding indications of payoffs to its officials from contractors handling the Games
Salman Khurshid, Minister of Corporate Affairs has said that there will be provision of corporate social responsibility (CSR) in the Companies Bill. In an interview to media, Khurshid said that CSR provision in the Bill will be guiding in nature.
Three premises of Emaar-MGF and the offices of Raheja Mindspace in the city were raided on Monday by sleuths of the state Vigilance and Enforcement (V&E) department who seized discs containing details of land allotment. The raids were on till late on
States have suggested an alternative constitutional amendment plan to roll out goods and services tax, or GST, creating the possibility of breaking the deadlock in their talks with the Centre on this ambitious indirect tax reform. The empowered commi
