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Archive: 18 January 2016

Posts in 18 January 2016

ICAI suggested Standard Arbitration Clause for various legal documents

January 18, 2016 1977 Views 0 comment Print

The Committee on Economic, Commercial Laws & WTO of the ICAI has recommended to issue an Advisory to Members for incorporating the Standard Arbitration Clause in the various legal documents/deeds/contracts/ agreements etc. in order to achieve the objective to make India as preferred choice for the Arbitration so that India may become the Arbitration Hub/ Capital of the World. It is however clarified that the below suggested Arbitration Clause is in an Advisory in nature and not as mandatory.

Extended limitation period on issues interpreted differently by different courts

January 18, 2016 2026 Views 0 comment Print

The CESTAT Mumbai in the case of M/s Aarti Industries Ltd. vs. CCEx, Thane held that wrong availment of Cenvat credit cannot be said to a willful attempt of suppression with the intent to evade the payment of duty when the matter has been interpreted in different manner by different tribunals and courts.

No Shortcuts to Financial Security: Time to experience power of 5

January 18, 2016 1040 Views 0 comment Print

Discover the importance of long-term planning for financial security. Learn why shortcuts won’t provide lasting solutions for your family’s well-being.

Roadmap drawn-up for implementation of Ind AS converged with IFRS

January 18, 2016 1315 Views 0 comment Print

Roadmap drawn-up for implementation of Indian Accounting Standards (Ind AS) converged with International Financial Reporting Standards (IFRS) for Scheduled Commercial Banks (Excluding Rrbs), Insurers/Insurance Companies and Non-Banking Financial Companies (NBFC’s)

Widowed daughter-in-law is entitled to be considered for compassionate appointment

January 18, 2016 7545 Views 0 comment Print

It is quite vivid that the implied exclusion of daughter-in-law from the fray of consideration by the State Government without considering the fact as to whether the daughter-in-law is dependent or not is constitutionally impermissible. The Government must provide for consideration of all those persons who are dependants of the deceased Government servant.

A dependant of the deceased SECL employee having opted and obtained benefit of monetary compensation, cannot claim for dependant employment based on doctrine of election.

January 18, 2016 2151 Views 0 comment Print

Petitioner’s father Shri Hemlal while working as Electrical Helper in the respondent/SECL died in harness on 14.09.1994 leading to grant of monthly monetary compensation in lieu of employment on 3.1.1995 to the extent of Rs. 2000/- per month to the petitioner’s mother in terms of Clause 9.5.0 (ii) of the National Coal Wage Agreement-V (hereinafter referred to as “NCWA-V”), which she accepted without protest, but immediately thereafter on 15.6.1995 the petitioner’s mother also made a request to the SECL authorities that his son i.e. present petitioner is minor and therefore, her right to claim dependant employment for her son be kept open and intact. Her son i.e. petitioner herein became major and on 16.5.2005 the petitioner’s mother again made an application to the SECL authorities for dependant employment to the petitioner, which was not considered by the SECL authorities leading to filing of the present writ petition for dependant employment in terms of the NCWA-V for considering his claim as per policy prevailing at the time of death of the petitioner’s father.

Pass percentage & Toppers of CA Final Nov 15 & CPT Dec 15

January 18, 2016 31628 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) today announced the following results. 1)      Chartered Accountants Final Examination held in Nov, 2015. 2)      Common Proficiency Test held in Dec, 2015. Since December 1949, the Chartered Accountancy Examination is held twice in a year. The top three rank holders on all India basis of Chartered Accountants Final Examinations held in Nov, 2015 […]

Region wise Result of CA Final Exam Nov 2015 and CPT Dec 2015

January 18, 2016 16164 Views 3 comments Print

Result – Region wise Notifications CPT December 2015 Central Eastern Northern Overseas Southern Western Final November 2015 Central Eastern Northern Overseas Southern Western Source- ICAI

Will Power: The Biggest Force!

January 18, 2016 2548 Views 0 comment Print

See! The result is not an end, This is the beginning of transcend.If pass, then you eligible for the new chapter, If not, then too eligible with new ways for same chapter.

CBEC compiling List of prosecution up to 5 Lakh cases in Excise

January 18, 2016 1515 Views 0 comment Print

The undersigned is directed to inform that this office is carrying out a study to explore whether the cases where prosecution proceedings are pending for more than 15 years and involving Central Excise duty of up to Rs. 5 lakhs, needs to be withdrawn.

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