The role of independent directors (IDs) on the board of Indian companies will be clarified in the new Companies Bill and their responsibilities will be made finite in terms of what they are answerable for, said Union Corporate Affairs Minister Salman Khurshid.
The Bombay high court last week ruled that a labour dispute can be referred to the tribunal under the Industrial Disputes Act at the instance of an unrecognised workers’ union. In this dispute between Bharat Forge Ltd and Maharashtra General Kamgar Mahasangh, the recognised union had 800 workers at the Pune plant.
EET :EET will not include Government Provident Fund (GPF), PPF, Recognised Provided Funds, Pension Scheme administered by Pension Fund Regulatory and Development Authority as well as approved pure life insurance products and annuity scheme. These will be governed by EEE.
Three persons, including a former IAF staffer, who were arrested by the CBI for cheating a chartered accountant of over Rs 75 lakh, were on Wednesday remanded in judicial custody by a sessions court. The accused had allegedly cheated the complainant on the pretext of helping him to sell his products and getting some of his projects pending with the government cleared.
The Direct Taxes Committee has been receiving emails/ letters from various members seeking opinion on tax related queries. It may however be noted that as a matter of policy the Committees of the Institute do not undertake to express any view which would amount to an opinion or interpretation of a statutory provision.
Limitation period means the time within which a person must file his case before a judicial authority for exercising his rights. This period is to be calculated from the date of the cause of action. This term does not have any definition, but it is well settled that “cause of action” is a mixed question of fact and law. It has consistently been held that for insurance disputes, the cause of action starts from the date of rejection of the claim.
That being the case, some of the people that you knew while they were in public accounting have completely disappeared never to heard from again. Those of you still at the mercy of the billable hour might assume that these refugees are loving life in their new jobs – working 40 hours a week, making far more money and seeing more than an hour or two of sunlight on a regular basis.
The Patna high court on Thursday issued a directive for making the state government a respondent in a writ petition seeking CBI probe into the alleged excise scam. A single bench presided by Justice Samarendra Pratap Singh asked the petitioner, Ajit Sarthi, to make the state government a respondent in the case.
The Ministry of Corporate Affairs (MCA) has give an opportunity to the defunct companies, for getting their names struck-off from the Register of Companies, the Ministry has decided to introduce a scheme namely, Easy Exit Scheme, 2010 under Section 560 of the Companies Act, 1956. The scheme is operational from 30th May 2010 to 31st August 2010.
ICAI Celebrating CAs Day on July 1st ,2010. Successfully Completed 51 Years by ICAI. ICAI formed on July 1st, 1949.ICAI is One of the Most Powerful Accounting Body World Wide. ICAI has Very Big Impact in India.ICAI Produced 153,600 Chartered Accountants ( CA ) till April 2009( Data : Wikipedia ). There is always Best Future for future Chartered Accountants.
