Section Description of the matter 2(14A) Dividend includes interim dividend. *2(29A) Net worth means total of paid up capital and free reserves after deducting provisions or expenses as may be prescribed. Free reserves includes reserves out of the profits and share premium account but does not include revaluation and amalgamation reserves. *2(46AA) Sick industrial company […]
Concerned over the impact of high interest rate on consumer demand, Chief Economic Advisor ( CEA) Kaushik Basu on Friday said the RBI will need to have a re-look at the monetary tightening policy. ‘RBI will have to balance its monetary policy tightening in view of growing concerns, particularly in consumer goods front, where higher interest rates are impacting demand,’ Basu told reporters here.
The much-awaited Real Estate Regulation Bill, 2011, which seeks to protect home-buyers from fly-by-night developers, is under process of consultation by various ministries. ‘The draft Bill is almost being finalised. We have sent the Bill to Law Ministry for their approval and subsequently we will sending it to other ministries for approval,’Ministry of Housing and Urban Poverty Alleviation joint secretary SK Singh said today.
Hon’ble Speaker, Lok Sabha has referred ‘The Mines (Amendment) Bill, 2011’ as introduced in Rajya Sabha to the Standing Committee on Labour for examination and Report. Considering the wider implications of the proposed amendment and the deeper concern of safety and security of mine workers, the Standing Committee on Labour under the Chairmanship of Shri Hemanand Biswal, MP have decided to invite suggestions/comments/views from the public in general and from stakeholders like employees’/employers group, State Governments/Union Territory administration etc. in particular.
The Chamber of Small Industry Associations (COSIA) has requested the Centre to extend the the Duty Entitled Pass Book (DEPB), a tax refund scheme for exporters, by another three years. The renewal of the DEPB was absolutely essential to meet the export target, M R Khambete, President of the city- headquartered COSIA, said in a release here.
Finance Minister Pranab Mukherjee today said 73,000 villages in the country would have banking facility by next year. By March 31, 2012, banking facility will be available in 73,000 villages across the country going by the current pace of work, Mukherjee said after inaugurating a Punjab National Bank (PNB) branch at Talai under Raghunathganj police station area in Murshidabad district.
Software icon N R Narayana Murthy on Saturday backed Anna Hazare’s movement against corruption and favoured the Prime Minister and the judiciary coming under the ambit of the Lokpal bill. The chairman and chief mentor of Infosys also supported the people taking to streets demanding an end to corruption.
Steps for filing financial statements in XBRL form in MCA21 system – Companies have the option to create their own XBRL documents in house or to engage a third party to convert their financial statements into XBRL form. The first step in creation of an instance document is to do tagging of the XBRL taxonomy elements with the various accounting heads in the books of accounts of the company. This would create the mapping of the taxonomy elements with the accounting heads so that the accounting information can be converted into XBRL form.
The Ministry of Corporate Affairs on Thursday said it would be mandatory for listed companies to provide the option of video conferencing for shareholders to participate in the annual general meeting from next fiscal. ‘In respect of shareholders’ meetings to be held during 2011-12, the video conferencing facility for shareholders is optional. Thereafter, it is mandatory for all listed companies,’ an official statement said. The move, part of the MCA’s green initiative campaign for corporate governance, would provide larger participation and help curbing costs.
The High Level Committee constituted by Finance Minister Pranab Mukherjee, in its first meeting held today, decided to seek public comments on ways to unearth black money. The Committee, headed by CBDT Chairman Prakash Chandra, was set up last month to examine ways to strengthen laws to curb generation of black money in India, its illegal transfer abroad and its recovery.
