The Union Finance Minister Shri Pranab Mukherjee said that the modern customs administration should function on the principles of transparency, predictability, strong legal processes and productive use of information technology to serve the stake holders efficiently and to enhance the competitiveness of Indian business. The Finance Minister, Shri Mukherjee was addressing the retired and serving officers of Customs and Central Excise, representatives of trade and industry and senior officers of the Ministry of Finance at a function organized, here today to celebrate “50 years of the Customs Act 1962
The Institute of Company secretaries of India ( ICSI), a premier National Professional body established by Act of Parliament to develop and regulate the Profession of Company Secretaries has launched a new syllabus for CS Foundation Programme today, at New Delhi. The CS Foundation programme consists of four papers viz., Business Environment and Entrepreneurship; Business Management, Ethics and Communication; Business Economics; Fundamentals of Accounting and Auditing.
The revision of syllabus is a process in continnum, to nurture the students in terms of capacity building, knowledge grinding and skills development. The evolving corporate environment and regulatory regime including expansion of globalization and the advancement in technology necessitated the revision of syllabus to make it contemporary. It was in this backdrop that the council of the Institute constituted Syllabus Review Committee with the objective to evaluate the existing syllabus from the perspective of demands and expectations of the corporate, regulators and other stakeholders and re-draw the syllabus to make it more robust, and highly focused to bring it at par with the emerging global trends in professional education.
List of Applications for supply of Certified Copies/Inspection of Answer Books of November, 2011, CA Final Examination received by the Examination Department. Final Examination November, 2011 – Download List
Pursuant to the decision taken by 271st council meeting held on 24th September 2011, the Practical Training scheme for the students registered under Revised Syllabus 2008 (Registered for Intermediate course on or after 01.01.2008), stands modified to the extent as mentioned below:
FAQs – 1 on Companies (Cost Accounting Records) Rules, 2011 – CARR (Amended on 07 Dec, 2011). FAQs – 2 on Companies (Cost Audit Report) Rules, 2011 CAR (Amended on 07 Dec, 2011). FAQs – 3 on CARR & CAR – 2011. Revised FAQs – 4 on CARR & CAR – 2011 (3 Feb, 2012). Revised FAQs – 5 on CARR & CAR – 2011 (3 Feb, 2012).
Reserve Bank of Indiashall come out with its credit policy review next week in the back drop of two important landmarks – growth in industrial output and decline in inflation, more so in food commodities. This is indeed a reversal from a long trend of unabated inflation.
It was contended by the appellants that they were not aware that they had to pay service tax. Though it was a fact that they have taken service tax registration, they never disclosed the nature of services rendered nor they furnished ST-3 returns, which was mandatory for a person providing taxable services. The question naturally arises that if they were not aware that they had to pay service tax, why should they take a service tax registration. We are of the opinion that non-furnishing of information or non-filing of returns resulted in non-payment of service tax and this action on the part of appellants tantamount to deliberate non-compliance with the provisions. In other words, this is only implying suppression of facts with an intent to evade payment of service tax. Therefore, the extended period, under Section 73(1) is rightly invoked by the Revenue.
Whether a complaint can be filed by a citizen for prosecuting a public servant for an offence under the Prevention of Corruption Act, 1988 (for short, ‘the 1988 Act’) and whether the authority competent to sanction prosecution of a public servant for offences under the 1988 Act is required to take an appropriate decision within the time specified in clause I(15) of the directions contained in paragraph 58 of the judgment of this Court in Vineet Narain v. Union of India (1998) 1 SCC 226 and the guidelines issued by the Central Government, Department of Personnel and Training and the Central Vigilance Commission (CVC) are the question which require consideration in this appeal.
The health insurance segment of the insurance industry has been growing significantly. The IRDA has underpinned the growth of this market by registration of standalone health insurance companies, by nurturing the development of Third Party Administrators (TPAs) to enable a cashless system of claim settlement. It has also constituted Working Groups with major representatives such as FICCI and CII for suggesting measures to further improve the efficiency of the health insurance system in India. In the background of these developments,
