The Reserve Bank of India has directed two Non-Banking Financial Companies (NBFCs), viz., Muthoot Fincorp Ltd. (MFCL) and Manappuram Finance Ltd. (MAFIL) to stop allowing the use of its premises / branches to accept deposits from public by their associate unincorporated bodies.
Damaged Currency Notes Reserve Bank of India (RBI) has informed that no instance of damage of currency notes in various public sector banks across the country have been brought to their notice in the recent past. However, during the year 2010 currency notes amounting to Rs. 3.75 crores kept in Currency Chest at SBI Fatehpur, […]
Company Secretaries Examinations Results The Institute of Company Secretaries of India (ICSI), functioning under the aegis of the Ministry of Corporate Affairs, here today announced the results of its both types of exams: OMR- based Foundation Programme (new syllabus); and Foundation Programme (old syllabus) which were held in June. In both the examinations girls have […]
immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to their investment advisory and portfolio management activities or any unregistered activity in the securities market.
Clause-41 of Equity Listing Agreement provides the framework for preparation, authentication and submission of Financial Results by listed companies. Based on the requests/ suggestions/ recommendations received from various market participants, some of the provisions of Clause-41 have been revised. It is proposed to replace the existing Clause-41 of Equity Listing Agreement with the draft placed at Annexure to discussion paper.
Deemed dividend (to extent of accumulated profit) includes, Any payment by way of loan or advance by a closely-held company to a shareholder holding substantial interest. Such deemded dividend is treated as Income From Other Sources (IFOS) in the hand of such shareholder.
Department has released the offline utility for filing of Service Tax Return (ST-3) on 31.07.2013 for the period 1st October, 2012 to 31st March, 2013. At the time of release of offline utility department has announced that online version of Service Tax return (ST 3) will be made available shortly. But even after 20 days of release […]
1. The cases listed below are selected for Assessment, Issue Base Audit for financial year 2009-10 and 2010-11. 2. Type of audit, location and division are mentioned along with TIN and Name of Dealer. 3. Officer’s desk are mentioned wherever available. Where Officer’s desk is not mentioned dealers are requested to contact Sales Tax Office […]
As per Section 81 , Clause 50 of Maharashtra Co-operative Societies (Amendment) Act, 2013 as passed by The Government of Maharashtra recently the following can do the Audit of Co-Operative Societies and Co-Operative Banks in Maharashtra :- For the purposes of section 81 , the expression, “possessing required qualifications” for being included in the panel […]
An Act further to amend the Maharashtra Co-operative Societies Act, 1960. WHEREAS both Houses of the State Legislature were not in session; AND WHEREAS the Governor of Maharashtra was satisfied that circumstances existed which rendered it necessary for him to take immediate action further to amend the Maharashtra Co-operative Societies Act, 1960,
