"11 February 2014" Archive

SEBI : Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

CIR/MRD/DP/08/2013 (11/02/2014)

Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement....

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SEBI : guards to avoid trading disruption in case of failure of software vendor

CIR/MRD/DP/07/2014 (11/02/2014)

make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision....

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Tax Audit Limit Increased From 45 to 60 for audits

In view of the enhancement of professional competence of members to perform quality services in an IT-enabled environment, the Council of the Institute at its 331st meeting held from 10th to 12th February, 2014 has decided to increase the specified number of tax audit assignments for practicing Chartered Accountants, as an individual or a...

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Posted Under: SEBI |

Tax Audit Limit Increased to 60 ?

There is a rumor doing rounds on Various Yahoo, Facebook and whatsapp group, which say that tax audit limit been increased to 60 from existing limit of 45. These groups are claiming the same been told them by a Central Council member (CCM) of Institute of Chartered Accountants of India (ICAI) . We have searched Official […]...

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Posted Under: SEBI |

FM releases Budget Manual in Hindi

The Union Finance Minister, Mr P. Chidambaram, released the Budget Manual in Hindi here today. It is for the First time that Budget Manual has been prepared in Hindi by the Finance Ministry. The Budget Manual in Hindi is a comprehensive 266 page document which captures the content of the Union Budget as well as […]...

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Posted Under: SEBI |

Haryana VAT – A Hurting Amendment to Builders and Property Buyers

Haryana VAT Circular dated 10.2.2014 on Builders – Takes a U-Turn on Valuation under Composition scheme to hurt the Builder’s and Property Buyers by Including the Land Value in the Total Taxable Value Haryana VAT has released a circular yesterday which amends the earlier circular No. 952/St-1 dated 7-5-2013 regarding the valuation...

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Posted Under: SEBI |

CMA result likely to be declared on 21st February 2014

The Intermediate and Final Results for December 2013 Term Examination results are likely to be declared on 21st February 2014. For convenience of the students the online results would be available on the following servers: 1.      http://examicai.in 2.      http://examicmai.org...

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Posted Under: SEBI |

Effective date for levy of excise duty on cigarettes at enhanced rates vide FA, 2012 – Clarification

Circular No. 981/5/2014-CX (11/02/2014)

In the Budget 2012-13, vide Finance Bill, 2012 as introduced in the Lok Sabha on 16.03.2012, the basic excise duty rate was increased on various lengths of cigarettes by imposing an ad valorem component in addition to the specific duty, through clause 141 of the Finance Bill read with the Seventh Schedule as under:...

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Use of word ‘National’ in the names of Companies or Limited Liability Partnerships (LLPs)

General Circular No. 2/2014 (11/02/2014)

It is being intimated that no company should be allowed to be registered with the word ‘National' as part of its title unless it is a government company and the Central / State government(s) has a stake in it....

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Civil Service Examnation- Relaxation of Number of Attempts

The Central Government has approved two additional attempts to all categories of candidates w.e.f. Civil Services Examination 2014 with consequential age relaxation of maximum age for all categories of candidates, if required from February 07, 2014. Source- Ministry of Personnel, Public Grievances & Pensions- Press Release Dated 11-Fe...

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Posted Under: SEBI |