The Supreme Court today ordered the Central Board of Direct Taxes (CBDT) to maintain status quo on its demand for Rs 617 crore income tax from Satyam Computer, while asking for a list of the actual liabilities of the scam-h IT information technology (IT) firm. A three-judge bench headed by Chief Justice S H Kapadia directed the CBDT to submit a chart by Friday showing the actual income and tax liabilities of Satyam Computer, now known as Mahindra Satyam.
The Placement Cell of the ICSI is organizing a Campus Placement for the fresher Company Secretaries on Saturday, the 9th April, 2011 at NOIDA office of ICSI, C-37,Sector 62, NOIDA-201301. Members admitted on or after 1st December 2010 are eligible to participate.
The CBI today registered the ninth case in its probe of alleged corruption during Commonwealth Games naming seven senior engineers of CPWD and DDA for allegedly inflating cost of laying of synthetic turf as it carried out searches at 20 locations across the NCR. Besides these officials, a sports equipment providing company Jubilee Sports Private Limited which had got the contract for laying of synthetic turf for Lawn Bowl event during the Games has also been named in the case, official sources said.
The Union Government on Tuesday objected in the Supreme Court to the CBI’s decision to appoint senior advocate U. U. Lalit as special public prosecutor for the trial of former Telecom Minister A. Raja and other accused in the 2G spectrum allocation case. Attorney General G. E. Vahanvati told a Bench of Justices G. S. Singhvi and A. K. Ganguly that under the provisions of Prevention of Money Laundering Act, the special prosecutor has to be working under the State or the Union government for at least seven years.
Eight months after it was set up to find a successor to Tata Sons chairman Ratan Tata, the search panel has concluded that it cannot find a “replacement” for the group chief. “Our committee has come to the conclusion that we cannot find a replacement for (Ratan) Tata!”, said Tata Sons director and one of the members of the committee RK Krishna Kumar in an interview published on the company’s website.
CIR/MRD/DP/4/2011, Dated:April 07, 2011SEBI has earlier issued directions to stock exchanges with regard to the limitation period for filing an arbitration reference. In view of streamlining the provisions in the depositories on the captioned subject, it is decided that the limitation period for filing an arbitration reference shall be governed by the law of limitation, i.e., The Limitation Act, 1963. The modified limitation period shall also be applicable to cover inter alia the following cases:
A.P. (DIR Series) Circular No. 53- It has been observed that overseas foreign exchange trading has been introduced on a number of internet /electronic trading portals luring the residents with offers of guaranteed high returns based on such forex trading. The advertisements by these internet / online portals exhort people to trade in forex by way of paying the initial investment amount in Indian Rupees. Some companies have reportedly engaged agents who personally contact people to undertake forex trading/ investment schemes and entice them with promises of disproportionate / exorbitant returns. Most of the forex trading through these portals are done on a margining basis with huge leverage or on an investment basis, where the returns are based on forex trading. The public is being asked to make the margin payments for such online forex trading transactions through credit cards / deposits in various accounts maintained with banks in India. It is also observed that accounts are being opened in the name of individuals or proprietary concerns at different bank branches for collecting the margin money, investment money, etc.
