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Archive: 15 October 2014

Posts in 15 October 2014

The Competition Commission of India (Term of the Selection Committee and the Manner of Selection of Panel of Names) Amendment Rules, 2014

October 15, 2014 491 Views 0 comment Print

The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i) dated 27th February, 2008, vide G.S.R. No.111(E) and amended vide G.S.R. No. 156(E), dated 6th March, 2009 and G.S.R. No. 259(E), dated 20th April, 2009.

Companies (Accounts) Amendment Rules, 2014

October 15, 2014 14176 Views 0 comment Print

In the Companies (Accounts) Rules, 2014, in rule 6, after the existing proviso, the following provisos shall be inserted, namely:- Provided further that nothing in this rule shall apply in respect of preparation of consolidated financial statement by an intermediate wholly-owned subsidiary, other than a wholly-owned subsidiary whose immediate parent is a company incorporated outside India:

Immunity from Disqualification to Directors applicable even if Annual Returns are filed after 01/04/2014

October 15, 2014 2403 Views 0 comment Print

The matter has been examined and it is hereby clarified that in case of companies, who have filed their balance sheets and annual returns on or after 01/04/2014 but prior to launch of CLSS-2014, disqualification under clause (a) of sub-section.

Company Law Settlement Scheme (CLSS 2014) extended upto 15.11.2014

October 15, 2014 3659 Views 0 comment Print

In continuation to the Ministry’s General Circular No. 34/2014 dated 12.08.2014 on the subject cited above, this Ministry has, on consideration of requests received from various stakeholders, has decided to extend the Company Law Settlement Scheme (CLSS 2014) upto 15th November, 2014.

Expedite Annual ROC Filing so as to avoid last minute rush – ICSI

October 15, 2014 420 Views 0 comment Print

Dear Professional Colleagues, Festive greetings to all of you! I hope that all of you are quite busy with annual and other filings. Incidentally, this is the peak period of annual filing under MCA 21. It has been reported by the Ministry of Corporate Affairs that so far filing made by Companies are proportionately lesser […]

ICAI hosts Admit Cards for November 2014 CA Exams

October 15, 2014 2360 Views 0 comment Print

14th October 2014 Admit cards in respect of candidates admitted to the Intermediate (IPC) and Final November 2014 examination, with their photographs and signatures on them, are hosted on www.icai.nic.in. Candidates may print their admit cards from the said website.

Govt. notifies revised ‘Kisan Vikas Patra Rules’

October 15, 2014 13834 Views 10 comments Print

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 23rd September, 2014 GSA- 705(E).—ln exercise of the powers conferred by section 12 of the Government Saving Certificates Act, 1959 (46 of 1959) and in suppression of the Kisan Vikas Patra Rules, 1988 except as respects things done or omitted to be done before […]

Steps to process expeditiously the refund claims of the taxpayers residing in the state of Jammu & Kashmir

October 15, 2014 378 Views 0 comment Print

In view of the large devastation caused by the recent floods in Jammu & Kashmir, the Income tax Department is taking necessary steps to process expeditiously the refund claims of the taxpayers residing in the state of Jammu & Kashmir who have submitted their returns through electronic mode.

Euromoney Award for Best Central Bank Governor of Year 2014

October 15, 2014 337 Views 0 comment Print

Reserve Bank of India Governor Raghuram Rajan’s tough monetary medicine combatted the storm ravaging the deficit-ridden economy in the recent emerging market crisis. Now, he is battling vested interests to arouse a sleepy financial system for over one billion people

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