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List of Companies Liable to Cost Audit for the financial year 2010-11

December 22, 2010 1869 Views 0 comment Print

It is hereby informed that in exercise of the powers conferred by sub-section (1) of section 233B of the Companies Act, 1956 (1 of 1956), the Central Government has issued Orders to the effect that an audit of the cost accounting records maintained by the following companies be conducted for the year ending 31st March, 2011 and also for every financial year thereafter in respect of the products indicated there against:

MRTP Act- The Director General of Investigation & Registration

December 22, 2010 4062 Views 2 comments Print

The Office of the Director General of Investigation and Registration has been established under Section 8 of the Monopolies And Restrictive Trade Practices Act, 1969 (hereinafter referred to as ‘the Act’) for making investigations for the purposes of

CESTAT cancels service tax demand of Rs 257 crore raised on JetLite

December 22, 2010 498 Views 0 comment Print

In a reprieve to JetLite (formerly known as Sahara Airlines), a tax tribunal today set aside the revenue department’s demand of Rs 257 crore raised on the domestic airline for carrying advertisements of a group company on its tickets. The demand rais

All villages to get access to banking in next 5 years- RBI

December 22, 2010 387 Views 0 comment Print

RBI’s outreach programme under financial inclusion would be implemented in villages across India and all people would be covered in the next five years, the apex bank’s Deputy Governor K C Chakraborty said today.

E&Y faces fraud charges over Lehman Brothers collapse'

December 22, 2010 597 Views 0 comment Print

US prosecutors are poised to file civil fraud charges against Ernst & Young for its alleged role in the collapse of Lehman Brothers, saying the accounting firm stood by while the investment bank misled investors about its financial health, according

Conditions and modalities for applications for grant of export licence for export of Cotton

December 22, 2010 343 Views 0 comment Print

Exact modalities for submitting applications for grant of export licence would be notified once the quantity of exports already made has been ascertained and the extent of exportable surplus has been reassessed.

Notification No. 90/2010-Income Tax Dated 22/12/2010

December 22, 2010 424 Views 0 comment Print

Notification No. 90/2010-Income Tax – It is hereby notified for general information that the organization M/s. National Council for Applied Economic Research, New Delhi has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1-4-2002 (assessment year 2003-04) onwards in the category of ‘other Institution’, partly engaged in research activities

Export of cotton yarn (other than sewing thread) allowed only under License

December 22, 2010 400 Views 0 comment Print

The export of cotton yarn (Tariff Codes 5205, 5206 & 5207) was earlier subject to registration of export contracts with Textile Commissioner, Mumbai. Now, the export of cotton yarn has been restricted and export will now be permitted under licence.

Ministry of Finance Notification recognises Aadhaar number for Opening of Bank Accounts

December 22, 2010 519 Views 0 comment Print

A Ministry of Finance, Government of India, notification dated the 16 of December 2010 has recognized Aadhaar number issued by the Unique Identification Authority of India (UIDAI) as an “officially valid document” to satisfy the Know Your Customer (K

301ST Council Meet of the Institute of Chartered Accountants of India Begins at Puri, Orissa

December 22, 2010 459 Views 0 comment Print

The 301st Council meet of The Institute of Chartered Accountants of India (ICAI), which functions under the aegis of the Ministry of Corporate Affairs, started today at Puri, Orissa. The meeting was inaugurated by the Governor of Orissa, Shri Murlidh

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