"09 February 2011" Archive - Page 3

Do we really need the Auditor General’s office?

It is also said that “doing is the best way of saying.” Indeed, living is the best way of believing. We say all this in the light of the very good work being done by our Auditor General that is not being accompanied by action, by deeds. So much money...

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Posted Under: Finance |

Empanelment of Chartered Accountants and firms for Audit of UCBs and Co-operative Credit and other societies of Maharash

As per Co-operative Department’s letter, we are required to prepare single panel of partnership / proprietary firms and for members practicing in individual name for audit of Urban Co-operative Banks and Credit and other co-operative Societies in the...

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Posted Under: Finance |

Govt now allows BCCI duty free import for WC

Notification No. 07/2011-Customs 09/02/2011

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts ...

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LIC infra bond issue unlikely this fiscal- Chairman

India's largest insurer LIC today said its infrastructure bond issue is unlikely to hit markets this fiscal as it is still working out the modalities. We are working on a plan to come out with infrastructure bonds... It is unlikely to happen in the ...

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Posted Under: Finance |

FM rules out giving names of black money holders abroad

Finance Minister Pranab Mukherjee on Saturday yet again ruled out disclosing names of those who have stashed away money in tax havens abroad. He disclosed to the media that of the 18 names of secret account holders in a bank in Liechtenstein notices ...

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Posted Under: Finance |

Legal order must constantly adapt itself to change- PM

Developing countries needed a legal system that was conducive to rapid economic dev and one that had a bulit-in mechanism to promote equitable distribution of gains from dev, PM Manmohan Singh said while inaugurating the 17th Commonwealth Law Confere...

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Posted Under: Finance |

Directions Under Section 212 of Companies Act 1956 Amended by Ministry of Corporate Affairs

Section 212 of the Companies Act, 1956 requires holding companies to attach with their balance sheet a copy of the balance sheet, profit and loss account etc of each of its subsidiaries. In recent years, with the globalization of the Indian economy,...

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Posted Under: Finance |

General Exemption U/s. 211 of Companies Act 1956 Notified

Press Note No. 2/2011 08/02/2011

The Ministry of Corporate Affairs issued today a notification on General Exemption under Section 211 of the Companies Act 1956. The notification reads as under: General Exemption under Section 211 Section 211 of the Companies Act, 1956 requires...

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Unlisted Companies not Require Govt Approval for Managerial Remuneration where they have no Profits

Companies are divided into private limited and public limited companies. Public limited companies are of two types – listed companies (whose shares are listed on a stock exchange) and unlisted companies. ...

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Posted Under: Finance |

New dimension to TDS provisions

Starting form the allegation of Reliance Communication routing international call as local call through BSNL’s network, to the recent 2G scam that calls for a Joint Parliamentary Committee to be constituted, telecom companies have been in news for in...

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Posted Under: Finance |

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