The Government has advised exporters that in view of the crisis in Greece, exports should be carried out only against an irrevocable letter of credit. Stating this in a written reply in Lok Sabha, the Minister of State for Finance, Mr Namo Narain Mee
National Advisory Council (NAC) will examine threadbare the new draft rules framed for Right to Information Act , which make it mandatory for applicants to file questions in 250 words and pay for hiring photocopy machine used to provide information. NAC’s sub-group on transparency and accountability, headed by social activist Aruna Roy, would discuss the draft rules in its meeting on Monday. The draft rules for RTI Act have been framed by the department of personnel and training (DoPT) and have been put up on the website to seek public opinion.
The Insurance Regulatory and Development Authority (Irda) today said the guidelines for merging general insurance companies are expected to be out by next week. “Probably by next week, it will come out…,” Irda Chairman J Hari Narayanan told report
CAG is planning to set up an international centre for environmental audit and sustainable development at Kant Kalwar village, 35 kms from Jaipur. The centre, which is coming up after International Organisation of Supreme Audit Institutions (INTOSAI) chose India for imparting environmental and sustainable development audit, will be the second CAG international institute for imparting training to international auditors.
SAP India Pvt. Ltd., the Appellants, entered into end-user license agreements with clients for maintenance of information technology software already installed in the computer systems and made operational. Show cause notice (SCN) was issued alleging
RBI has amended the Non-Banking Financial (Deposit Accepting) Companies Prudential Norms Directions, 2007 and Non-Banking Financial (Non-Deposit Accepting) Companies Prudential Norms Directions, 2007 requiring every NBFCs to finalize its balance shee
A recent decision of the Special Bench (SB) of the Mumbai Income Tax Appellate Tribunal (Tribunal) [AIT-2010-503-ITAT] in the case of Sulzer India Ltd. (Taxpayer) on the issue of whether settlement of deferred sales tax liability, under an option made available by the statutory authority to pay the net present value (NPV)
Ministry of Corporate Affairs (MCA), Government of India had introduced Easy Exit Scheme, 2010 under the Companies Act, 1956 (the Act) to provide a fast track exit for defunct companies to get their names struck off from the records of the Register of Companies.
SAP India Pvt. Ltd. (Appellant) is engaged in the provision of consultancy, licensing and maintenance or ERP software. The Commissioner, Service Tax had confirmed service tax demand of INR 20 crores on the Appellant under maintenance and repair’ service during the period July 2004 and January 2006. In addition to the service tax demand, the Commissioner had also confirmed interest and penalties against the Appellant.
I am happy to share with the members that Mr.Chandra Wadhwa, Past President of ICWAI made a presentation on the Role of Cost Auditors and maintenance of Cost Accounting Records in the regime of proposed Companies Bill, 2009. This seminar was attended
