We have received requests from various stock exchanges to permit Limited Liability Partnerships (LLPs) to be admitted as members of stock exchanges so as to enable them to get registration as stock broker under SEBI (Stock brokers and Sub-brokers) Regulations, 1992.
Minimum Export Price (MEP) of onions other than Bangalore Rose Onions and Krishnapuram onions will be US$ 230 per Metric Ton F.O.B. It was US$ 200 per Metric Ton as notified on 08.06.2011. There shall be no change in the MEP of Bangalore Rose Onion and Krishnapuram onion, which continues to be USD 350 per Metric Ton F.O.B.
After Swan and Unitech Wireless, the Income Tax Department is looking into the tax implications of a deal between Datacom solutions and the Videocon Group after the former was allotted 2G licences in 21 circles for Rs 1,507 crore in 2008. In a complex structure, Videocon Telecommunications was originally incorporated as Datacom Solutions, a group company of Himachal Futuristic Corporation Limited (HFCL).
At a time when the government is grappling with the black money menace, the RBI has penalised as many as 48 small banks in just six months, for lapses in implementing customer identification norms and various other violations. In the first six months of 2011, the apex bank has slapped penalties on 48 erring banks , mostly co-operative, as compared to just 15 such actions during 2010. The apex bank has so far slapped penalties between Rs 1 lakh and Rs 5 lakh on 48 banks during January-June period, according to official data.
A top Income Tax officer and his chartered accountant aide were arrested by CBI on the charge of accepting bribe of Rs 2.20 lakh from a software engineer for showing an official favour. The accused, R P Meena, commissioner of Income Tax (Appeals) and his aide U P Pai were arrested last night for demanding and accepting bribe of Rs 2.20 lakh from the complainant working in a private firm, said joint director of CBI, Rishiraj Singh.
Asserting that Companies that have not filed annual returns and balance sheet to Ministry of Corporate Affairs (MCA) for past five years have been put on notice, a senior official of MCA today said there were 80,000 such companies in Northern India.
Now railway passengers can get their e-tickets on their cell phones instead of normal print-outs. Named as ‘m-ticket’, the mobile phone-based ticket booking system envisages a passenger to book his train ticket through mobile phones and carry the display ticket, sent to his cell phone through an SMS.
The ICSI is organizing MCA-ICSI WEB SEMINAR ON XBRL at ICSI Head Quarters, New Delhi on Monday, July 11, 2011 from 2.00 pm to 4.00 pm. The programme would be live webcast at the following URL from 2.00 pm onwards on Monday, July 11, 2011.
The Council at its 306th meeting held from 7th to 9th June, 2011 had considered the recommendations of the Group Constituted by the President, in terms of the authority given to him at its 303rd Meeting held from 10-12 February, 2011 to review entry requirement for Chartered Accountancy Course and decided as under:-
No. LAD-NRO/GN/2011-12/12/2122 – In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to amend the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994, namely:— 1. These Regulations may be called the Securities and Exchange Board of India (Bankers to an Issue) (Amendment) Regulations, 2011.
