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Archive: 2011

Posts in 2011

ICSI releases new format of the quarterly report to be submitted by the students

November 24, 2011 4292 Views 0 comment Print

The Training & Educational Facilities Committee of the Council has approved the new format of the quarterly report to be submitted by the students. Students undergoing 15 months training or part training with Companies, PCS, MCA,ROC,RD,OL ,Financial Institutions, Law firms, Consultancy firms, IICA or any other organization registered with institute for imparting training are required to submit the quarterly report in the prescribed format. The format is available under the ‘Training’ section on the website of the Institute.

FAQs on e-filing of ST-3 returns – Entries of more than one challans paid in single month, Source Document, Amount Mismatch

November 24, 2011 20862 Views 0 comment Print

1. How to make entries of more than one challans paid in the single month? If the returns are filed through Excel Utilities, more than one challans are not allowed in single month? To avoid such restriction, in the column on month, more rows should be added to the extent number of challans are paid in the month. For example – If three challans are paid in month of April then entries should be as follows:

‘Public sentiments no basis to deny bail’ – SC grants bail to five corporate honchos allegedly involved in 2G Scam

November 24, 2011 1216 Views 0 comment Print

The Supreme Court today granted bail to five top executives allegedly involved in the 2G scam, raising the possibility of similar relief for former Telecom Minister A Raja, DMK MP Kanimozhi and 10 other accused cooling their heels in Tihar Jail here for more than six months. Unitech Limited MD Sanjay Chandra, Swan Telecom Director […]

DIPP moves draft Cabinet note on allowing 26% FDI by foreign airlines in the domestic carriers

November 24, 2011 852 Views 0 comment Print

With Kingfisher and several other airlines landing into dire straits, the industry ministry has moved a draft Cabinet note on allowing 26% FDI by foreign airlines in the domestic carriers. Private airlines in the country are in dire need of funds for their operations and service upgradation to compete with other global carriers, the note circulated by the department of industrial policy and promotion (DIPP) said.

Employees can’t be forced to work under new management – Supreme Court

November 24, 2011 2605 Views 0 comment Print

Sunil K.R. Ghosh & Ors. Vs. K. Ram Chandran & Ors. (Supreme Court)- Employees cannot be compelled to work under a new management and are entitled to retirement or retrenchment benefits, the Supreme Court has held. The apex court rejected the argument of Philip’s India Ltdthat since the employees had neither retired nor retrenched, hence they were not entitled to the benefits.

Government has no proposal to lower the securities transaction tax

November 24, 2011 1180 Views 0 comment Print

The government has no proposal to lower the securities transaction tax (STT) for capital market transactions, SS Palanimanickam, Minister of State for Finance, told lawmakers. Traders have been lobbying for reducing the securities transaction tax, arguing that the move will help revive the lacklustre stock markets.

Ratan Tata's successor – Cyrus P Mistry appointed Deputy Chairman of Tata Sons

November 24, 2011 729 Views 0 comment Print

The board of directors of Tata Sons at its meeting today appointed Cyrus P Mistry as Deputy Chairman. He will work with Ratan N Tata over the next year and take over from him when Mr Tata retires in December 2012. This is as per the unanimous recommendation of the selection committee.

Empanelment of Chartered Accountant Firms for Internal Audit with Central Warehousing Corporation

November 24, 2011 5381 Views 0 comment Print

Expressions of interest are invited from prospective Chartered Accountant Firms for preparing a panel for conducting internal audit and other accounts works of Corporate Office and various warehouses, Regional Offices/Construction Cells spread all over India as per requirements of the Corporation.

Preparation of Results Framework Document for Income tax Department for F. Y. 2012-13

November 24, 2011 955 Views 0 comment Print

I am sure that by now you have read the OM F. No. 22/1/2011/AP/DOMS dated 21-11-2011 put up on irsofficersonline.gov.in on Results Framework Document. The RFD process is aimed at making quantum improvement in the Departmental performance, leading to a win-win situation for all the stakeholders, namely, the Nation, ‘the Taxpayers’ and the ‘Employees of the Department’. RFD is to be viewed as a tool for making our Vision 2020 a reality much before 2020.

Custom Notification on import of Opal Glassware from people’s Republic of China and UAE

November 23, 2011 1123 Views 0 comment Print

Notification No. 103/2011-Customs Whereas in the matter of imports of Opal Glassware (hereinafter referred to as the subject goods), falling under heading 7013 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred as the said Customs Tariff Act), originating in, or exported from, People’s Republic of China and UAE (hereinafter referred to as the subject countries) and imported into India, the designated authority in its preliminary findings vide notification No.14/24/2010-DGAD, dated the 27th June, 2011, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 27th June, 2011, had come to the conclusion that-

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