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Empanelment of Valuers / Stock Auditors with SBI

March 19, 2014 15114 Views 3 comments Print

LHO, BANGALORE / DELHI INVITES APPLICATIONS FOR THE EMPANELMENT OF VALUERS / STOCK AUDITORS IN STATE BANK OF INDIA, BANGALORE / DELHI CIRCLE

ICAI invites application to act as Checker for CA Exams

March 19, 2014 4837 Views 0 comment Print

The Examination Department of the Institute avails the services of examiners to evaluate the answer books of Chartered Accountants Examinations. To assist them in totaling etc. of marks awarded by them, a Checker is allocated to each examiner.

Anti-dumping duty on imports of ‘Sodium Nitrate’ from EU, China, Ukraine and Korea

March 19, 2014 859 Views 0 comment Print

Notification no. 14/2014 – Customs (ADD), Dated- 19th March, 2014 Seeks to levy provisional anti-dumping duty on imports of ‘Sodium Nitrate’, originating in, or exported from, the European Union, the People’s Republic of China, Ukraine and Korea RP , for a period of six months

Anti-dumping duty on imports of ‘Red Phosphorous’ from China

March 19, 2014 766 Views 0 comment Print

Notification No. 13/2014-Customs (ADD), Dated- 19th March, 2014 Seeks to levy definitive anti-dumping duty on imports of ‘Red Phosphorous, excluding red phosphorous used in electronic applications’, originating in, or exported from, the People’s Republic of China for a period of five years

Significance of Insurance

March 19, 2014 10722 Views 0 comment Print

Many of us think that taking insurance is a cost and utter waste. But, remember, this cost is very least when you compare the benefits that accrue to you in the event of an unfortunate event.

Karvy guilty of irregularities in IPO; Barred for 6 Month to do business as stock broker

March 18, 2014 2513 Views 0 comment Print

SEBI had conducted a preliminary examination, upon noticing certain irregularities with respect to IPO of different companies. A few individuals/ entities (referred to as ‘the key operators’) had opened various demat accounts (referred to as ‘afferent accounts’) in fictitious/ benami names and cornered/ acquired the shares of IPOs in the category of retail investors using these accounts.

Buy-Back of Securities (Unlisted Public Company and Private Company)

March 17, 2014 18836 Views 10 comments Print

Buy-Back of Securities (Unlisted Public Co. & Private Co.) Buy Back of Securities is a boon for Companies who wants to reduce their Share Capital. First of all, here are few preliminary notes of Buy Back: a. Introduced by ‘The Companies (Amendment) Act, 1999 b.  Governing Sections of Companies Act, 1956:

Section 56 not applies to bonus & rights shares offered on proportionate basis

March 17, 2014 3741 Views 0 comment Print

The issue – The principal; rather, the sole issue arising in the instant appeal; the assessee not pressing its ground no.1 assailing the impugned assessment on the question of jurisdiction (which we find to have been, though assumed, not pressed even before the first appellate authority, withdrawing the objection vide letter dated 07.01.2013)

Exemption u/s.54EC allowable in respect of gains arising u/s. 50 from transfer of depreciable asset

March 17, 2014 2456 Views 0 comment Print

Sec.50 is only to deal capital gain as short term capital gain and not to deem the asset as short term capital asset. Therefore, it cannot be said that Sec. 50 converts long term capital asset into a short term capital asset

Applicability of notified sections of the Companies Act, 2013 for November 2014, CA Examinations

March 16, 2014 5605 Views 0 comment Print

As students may be aware that the Companies Act, 2013 has been notified in the Official Gazette on 30th August, 2013 stating that different dates may be appointed for enforcement of different provisions of this Act through notification of the Central Government in this regard.

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