"December, 2010" Archive - Page 20

List of Companies Liable to Cost Audit for the financial year 2010-11

File No. 52/26/CAB-2010 (16/12/2010)

It is hereby informed that in exercise of the powers conferred by sub-section (1) of section 233B of the Companies Act, 1956 (1 of 1956), the Central Government has issued Orders to the effect that an audit of the cost accounting records maintained by the following companies be conducted for the year ending 31st March, 2011 and also for e...

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MRTP Act- The Director General of Investigation & Registration

The Office of the Director General of Investigation and Registration has been established under Section 8 of the Monopolies And Restrictive Trade Practices Act, 1969 (hereinafter referred to as ‘the Act’) for making investigations for the purposes of...

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Posted Under: CA, CS, CMA |

CESTAT cancels service tax demand of Rs 257 crore raised on JetLite

In a reprieve to JetLite (formerly known as Sahara Airlines), a tax tribunal today set aside the revenue department’s demand of Rs 257 crore raised on the domestic airline for carrying advertisements of a group company on its tickets. The demand rais...

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Posted Under: CA, CS, CMA |

All villages to get access to banking in next 5 years- RBI

RBI's outreach programme under financial inclusion would be implemented in villages across India and all people would be covered in the next five years, the apex bank's Deputy Governor K C Chakraborty said today. ...

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Posted Under: CA, CS, CMA |

E&Y faces fraud charges over Lehman Brothers collapse'

US prosecutors are poised to file civil fraud charges against Ernst & Young for its alleged role in the collapse of Lehman Brothers, saying the accounting firm stood by while the investment bank misled investors about its financial health, according ...

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Posted Under: CA, CS, CMA |

Conditions and modalities for applications for grant of export licence for export of Cotton

Policy Circular No. 07(RE-2010)/2009-14 (22/12/2010)

Exact modalities for submitting applications for grant of export licence would be notified once the quantity of exports already made has been ascertained and the extent of exportable surplus has been reassessed....

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Notification No. 90/2010-Income Tax Dated 22/12/2010

Notification No. 90/2010-Income Tax (22/12/2010)

Notification No. 90/2010-Income Tax - It is hereby notified for general information that the organization M/s. National Council for Applied Economic Research, New Delhi has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and...

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Export of cotton yarn (other than sewing thread) allowed only under License

Notification No. 14(RE-2010)/2009-14 (22/12/2010)

The export of cotton yarn (Tariff Codes 5205, 5206 & 5207) was earlier subject to registration of export contracts with Textile Commissioner, Mumbai. Now, the export of cotton yarn has been restricted and export will now be permitted under licence....

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Ministry of Finance Notification recognises Aadhaar number for Opening of Bank Accounts

A Ministry of Finance, Government of India, notification dated the 16 of December 2010 has recognized Aadhaar number issued by the Unique Identification Authority of India (UIDAI) as an “officially valid document” to satisfy the Know Your Customer (K...

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Posted Under: CA, CS, CMA |

301ST Council Meet of the Institute of Chartered Accountants of India Begins at Puri, Orissa

The 301st Council meet of The Institute of Chartered Accountants of India (ICAI), which functions under the aegis of the Ministry of Corporate Affairs, started today at Puri, Orissa. The meeting was inaugurated by the Governor of Orissa, Shri Murlidh...

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Posted Under: CA, CS, CMA | ,

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