"28 January 2011" Archive

Civil Court's jurisdiction in respect of SARFAESI proceedings?

The object of SARFAESI Act, 2002 is to enable the Banks to recover their dues without resorting to Civil Court for obtaining decree and consequential execution in accordance with the provisions of Civil Procedure Code. It is known fact that a proceeding initiated in a Civil Court can be prolonged unreasonably and everybody is aware of the...

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Posted Under: Finance |

Procedure regarding Transfer / Transshipment of cargo

Circular No. 08/2011-Custom Duty (28/01/2011)

Attention is invited to Board Circular No.6/2007-Customs dated 22.01.2007 which outlines comprehensive procedures and guidelines for transhipment of cargo from one Custom station to other Custom stations...

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Allocation of TRQ for import of Natural Rubber

Trade Notice No. 05/2011 (28/01/2011)

The applicants are advised to approach concerned Regional Authorities (as per jurisdiction) alongwith ANF 2B duly filled in with applicable fees to obtain the necessary authorization to import Natural Rubber as per allocation made to them, on or before 15th February 2011. RAs would be issuing Import Authorisation, after scrutinizing the ...

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Women power comes to the fore – ICAI

Institute of Chartered Accountants of India president Amarjit Chopra today said women taking up accounting profession have increased recently. Addressing the members of the local chapter Chopra said nearly 40 per cent of the 6 lakh students currently...

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Posted Under: Finance |

It dept claims it detects Rs 11 cr undeclared wealth at homes of Priyanka, Kasbekar'

Income-tax officials on Thursday claimed to have detected documents revealing unaccounted wealth of around Rs 11 crore during their searches at the properties of actress Priyanka Chopra and photographer Atul Kasbekar. Documents seized during searches at the office and homes of the two celebrities have reportedly revealed a total unaccoun...

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Posted Under: Finance |

SC asks govt to ascertain source of black money

Expressing concern that black money stashed in banks abroad might have originated from arms deals, drug trafficking and smuggling, the Supreme Court today asked the government as to what action it had taken against individuals and firms having foreign accounts....

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Posted Under: Finance |

Annual Financial Inspection – Priority Sector Loans – Mis-classification by Banks

RBI/2010-11/393 RPCD.CO.Plan.BC. 49/04.09.01/2010-11 (28/01/2011)

RPCD.CO.Plan.BC. 49/04.09.01/2010-11 It has been decided that henceforth the amount of loans wrongly classified under priority sector identified and reported by Principal Inspecting Officers (PIOs) during Annual Financial Inspection of banks will be taken into account for arriving at the shortfall under priority sector lending targets....

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Sebi to impart financial skills to home makers, students

Market regulator Securities and Exchange Board of India (Sebi) will impart financial education and investments skills to executives, home-makers and even school children, to spread awareness about sound investment practices and promote financial incl...

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Treat corp funding to political parties as expense – ICAI

Corporate funding to political parties should be treated as expenditure in order to increase transparency in financial statements and curb black money flow, Accounting regulator ICAI has said. It also added that Companies Bill should incorporate this...

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Posted Under: Finance |

Empanelment of Schools/ Educational Institutions for holding May-2011 CA Exams & CPT June-2011

Empanelment of Schools/ Educational Institutions for holding May-2011 Chartered Accountants Examinations and Common Proficiency Test June-2011 The ICAI conducts Chartered Accountants Examinations in most of the cities in the Country as under :...

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Posted Under: Finance |
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