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Archive: 04 May 2011

Posts in 04 May 2011

Empanelment of CA firm for statutory audit of Uttarakhand Health and Family Welfare Society

May 4, 2011 1078 Views 0 comment Print

Hiring services of chartered Accountant firm for statutory audit of state health society – Selection of auditors – Request for proposal Hiring services of chartered Accountant firm for statutory audit of state health society ( SHs) & district health society ( DHs)- ( for the Financial year 2010-11 ) under national Rural health mission ( NRHM )

Empanelment foe Auditing the Accounts of Tripura State Council for Science & Technology for the Financial Year 2010-11

May 4, 2011 1123 Views 0 comment Print

TRIPURA STATE COUNCIL FOR SCIENCE AND TECHNOLOGY VIGYAN BHAWAN, IST FLOOR GORKHABASTI, AGARTALA TRIPURA ( WEST) Notice Expression of Interest for auditing the Accounts of Tripura State Council for Science & Technology for the Financial Year 2010-11 including compilation of accounts thereof. The Expression of Interest from Chartered Accountant Firms ( located at Agartala) is hereby invited in sealed envelop for auditing ( including preparation and compilation of annual accounts viz., income & expenditure statement, receipt and payment statement, balance sheets, statements of fixed and dead stock, preparation of general ledger, preparation of bank reconciliation statements etc) for the year 2010-11 of the Tripura State Council for Science & Technology.

Empanelment of CA Firms for Conducting Internal Audit Of Sarva Shiksha Abhiyan For The Financial Year 2010-11

May 4, 2011 3770 Views 0 comment Print

Expression of interest is invited from registered CA firms having at least 3 years experience and having at least one full time practicing Chartered Accountant (who should be FCA) and having annual turnover of more than Rs. 7.50 lacs for conducting internal audit of sarva shiksha abhiyan for the financial year 2010-11 i.e. head office, 21 districts, 119 brcs and 14506 schools. the firms should be empanelled with CAG of india (during 200-11) and the partners should have undergone necessary cpe programme and acquired DISA Qualficiations. only eligible firms may quote the rate of audit. separate rate should be quoted for head office, districts (including brcs and schools) and it should be inclusive of ta/da and all the taxes etc. selected ca firm will be allotted one district (including brcs & schools) the allotment of districts will be the sole discretion of the parishad.

Definition of ‘industry’ as per Section 2 (j) of the Industrial Disputes Act, 1947 (14 of 1947)

May 4, 2011 94158 Views 5 comments Print

Sec 2 (j) of the Industrial Disputes Act has defined the term industry means any systematic activity carried on by co-operation between an employer and his workmen (whether such workmen are employed by such employer directly or by or through any agency, including a contractor) for the production, supply or distribution of goods or services with a view to satisfy human wants or wishes (not being wants or wishes which are merely spiritual or religious in nature), whether or not, –

Professional Consulting Service Firms liable under ESI

May 4, 2011 11290 Views 1 comment Print

CONSULTING ENGINEERING SERVICES (INDIA) PVT. LTD.Vs.THE CHAIRMAN, ESI CORPORATION & ORS (DELHI HIGH COURT) -The present appeal filed under Section 82 of the Employees‟ State Insurance Act, 1948 is directed against the judgment and order FAO 124/2002 15.02.2002 passed by the learned Senior Civil Judge, ESI Court, Delhi in ESI Petition No.19/99, whereby it was held that the appellant is covered by the Employees State Insurance Act, 1948 (hereinafter referred to as “the Act”) and is not entitled to the relief claimed by it in the petition filed under Section 75 of the Act.

Pre Printed Form Contracts-Validity

May 4, 2011 1480 Views 0 comment Print

The Bombay High Court in Road Transport Corpn Vs. Kirloskar Bros Ltd (AIR 1981 Bom 299) has said that it is for the carrier to plead and prove that the print on the receipt was brought to the notice of the consignor and that he had agreed to and accepted the same. The Court held that it is necessary that serious terms of a contract must be specifically brought to the notice of the parties whose rights are sought to be curtailed. In Oriental Fire and General Ins Co Vs. New Suraj Transport Co (AIR 1985 All 136) the consignment note was not even signed by the booking party or his agent, the Allahabad High Court held that the consignor was not bound by a printed term about the exclusive jurisdiction. THE COURT SAID THAT SOMETHING MORE MUST BE DONE THAN MERELY PRINTING THE TERMS ON CONSIGNMENT DOCUMENTS.

Director’s Personal Guarantee – A Void Agreement

May 4, 2011 46048 Views 17 comments Print

A division bench of Delhi High Court in J B Exports Ltd and another vs. BSES Rajdhani Power Ltd (2006 134 Comp cas 106 Del. decided on 3.3.2006) observed that the concept that a company is a distinct legal entity apart from its shareholders, vide Salomon vs. Salomon & Co. (1897 AC 22 HL) had a historical purpose. Its main purpose was to encourage entrepreneurs to start new business ventures and, thus, help in the process of industrialisation.” This background is so important that it merits consideration in detail as follows.

ICAI e-Journal (May 2011)

May 4, 2011 4194 Views 0 comment Print

Online Journal Released by ICAI for the month of May 2011. icai -e journal may 2011

Repo to be reference rate for monetary policy- RBI, 9th Increase in rates by RBI in last one year

May 4, 2011 847 Views 0 comment Print

In line with international practice, the RBI on Tuesday decided to anchor monetary policy through a single short term lending rate known as repo rate. Unlike in the past, the rate at which the RBI borrows from banks (reverse-repo) will be the benchmarked 100 basis points below the repo rates.

Govt approves 21 Proposals of Foreign Direct Investment amounting to Rs. 1027.20 crore

May 4, 2011 1060 Views 0 comment Print

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on April 20, 2011, Government has approved 21 Proposals of Foreign Direct Investment amounting to Rs. 1027.20 crore approximately. Following 21 (Twenty one) proposals have been approved.

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