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7 biggest financial worries and how to overcome them

August 2, 2016 21879 Views 1 comment Print

The most common answer to this will be about money as being the primary source of comfort in our lives. At the same time, money is also the primary reason behind most of our fears and worries. If we emulate our financial fears to our mortal fears such as death or loneliness, even that shouldn’t come as a surprise to us.

Exemption Rules for Consolidation of Financial Statement

August 1, 2016 57343 Views 1 comment Print

it is a wholly-owned subsidiary, or is a partially-owned subsidiary of another company and all its other members, including those not otherwise entitled to vote, having been intimated in writing and for which the proof of delivery of such intimation is available with the company, do not object to the company not presenting consolidated financial statements

Provide Client Registration Documents in Vernacular Languages: SEBI

August 1, 2016 19399 Views 0 comment Print

In the interest of investors it has been decided that the above mentioned documents shall be provided to clients in vernacular languages. In this regard, SEBI has advised stock exchanges having nationwide terminals to provide the above said documents in 15 vernacular languages viz. Assamese, Bengali, Gujarati, Hindi, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Oriya, Punjabi, Sindhi, Tamil, Telugu and Urdu

EPFO on correct reporting of employees by Inspection officers

August 1, 2016 22815 Views 0 comment Print

It has been decided that from now onwards (a.) it shall be mandatory on the part of Enforcement Officers, to report numbers of employer in respect of these security/manpower/facility management establishments with reference to each of principal employer/clients being served by these establishments

Reg. Functionality for Selection of Scrutiny cases & Notice Issue

August 1, 2016 34091 Views 0 comment Print

The functionality for selection of cases and for generation of notice u/s 143(2)/148 will be made available w.e.f. 01/08/2016 in Income Tax Business Application (ITBA) as per the following details:

Amendment in conditions for export of Basmati Rice

August 1, 2016 20504 Views 0 comment Print

(i) In addition to the EDI ports, export of Basmati Rice will now be permitted through Land Custom Stations (LCS) on Indo-Bangladesh and Indo-Nepal border also, subject to registration of quantity with DGFT. (ii) Export of Basmati Rice shall not be permitted on the basis of Documents against Acceptance (D/A) unless such export is covered either by Bank Guarantee or ECGC Guarantee, with effect from 01.10.2016.

Govt. appoints Ms. Rani Singh Nair as Chairperson, CBDT

August 1, 2016 21575 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE ****** New Delhi, dated 1st August, 2016 NOTIFICATION No. 61 :(F.No.A.19011/15/2014-Ad.I): The President of India is pleased to appoint Ms. Rani Singh Nair, IRS(IT:1979), as Chairperson, Central Board of Direct Taxes (CBDT) in the Department of Revenue, Ministry of Finance in the pay scale of Rs. […]

Amendment to SEBI Issue and listing of Debt Securities Regulations, 2008

August 1, 2016 2006 Views 0 comment Print

Amendment to the SEBI (Issue and listing of Debt Securities) Regulations, 2008 to provide for Consolidation and Re-issuance of debt securities in the Corporate Bond Market and Call and Put Options.

SBBJ release list of CA firms empanelled for Concurrent and stock Audit

August 1, 2016 32784 Views 0 comment Print

State Bank of Bikaner and Jaipur (SBBJ) has hosted on its website the list of CA firms Concurrent and Stock Audit. In the list bank has provided the name of CA Firm , Address of CA Firm and Unique code No., It also hosted the list of  Empanelled Chartered Accountants/Cost Accountants for conducting Forensic Audit. […]

RBI Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector

August 1, 2016 20754 Views 0 comment Print

Some of the key aspects of the Guidelines include: (i) resident individuals and professionals having 10 years of experience in banking and finance at a senior level are also eligible to promote universal banks; (ii) large industrial houses are excluded as eligible entities but are permitted to invest in the banks up to 10 per cent

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