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SEBI prohibits 7 companies from accessing securities market

December 9, 2010 495 Views 0 comment Print

Market regulator SEBI today restrained six Gujarat-based companies and one entity from Maharashtra from dealing in securities market after they failed to redress investors’ grievances. These companies are — Ishwar Medical Services, Neon Resins and I

Hike in tax exemption limit of allowance paid to Operational level employees of transport systems

December 9, 2010 7609 Views 0 comment Print

The Finance Ministry has raised the tax exemption ceiling on the allowance paid to Operational level employees of transport systems including railways and domestic airlines for meeting their personal expenses during the duty performed in running the transport system from one place to another in India.

IT Department is conducting Investigations of IPL Irregularities

December 9, 2010 540 Views 0 comment Print

The Income Tax Department is conducting investigations in the case of BCCI-IPL and the franchisees to ascertain the source of investments by the teams, taxability of the income earned, taxability of the award of media rights and to detect violation

Ministry of Corporate Affairs to Organize India Corporate Week 2010

December 9, 2010 555 Views 0 comment Print

The first ever India Corporate Week was held last December and graced by the President of India involving 124programmes on the theme of Corporate Sector and Inclusive Growth. During this week, the Ministry of Corporate Affairs had released Voluntary

Specimen Signature card for ICWAI members

December 9, 2010 2256 Views 0 comment Print

Members of the ICWAI are requested to provide their specimen signature in the following format and send the same so as to reach The Secretary, The Institute of Cost and Works Accountants of India, 12, Sudder Street, Kolkata – 700 016 on or before by

Inauguration of Income Tax Office at Chinsurah, West Bengal

December 8, 2010 3953 Views 0 comment Print

Inauguration of Income Tax Office at Chinsurah, Dist-Hooghly, West Bengal by Honble Union Finance Minister Shri Pranab Mukherjee on 04.12.2010 – Publicity in the official web site

Finance ministry wants to make UID compulsory for securities transactions

December 8, 2010 552 Views 0 comment Print

The ministry of finance has sought the views of capital market regulator Securities and Exchange Board of India (Sebi) on making the unique identification (UID) number mandatory for all securities transactions, a move that, if implemented, could help

E Y Auditor found guilty of tampering with work papers

December 8, 2010 1020 Views 0 comment Print

The Public Company Accounting Oversight Board disciplined Jacqueline Higgins, a manager in E&Y’s Boston office, alleging repeated violations of documentation standards and requirements to cooperate with the board’s inspection process. The disciplinar

Accountant is rated as among the 50 Best Careers of 2011

December 8, 2010 501 Views 0 comment Print

Accountant has been named one of the 50 Best Careers of 2011 by U.S. News & World Report, which based its list on projected employment growth and other factors. The Bureau of Labor Statistics forecasts that employment for accountants and auditors wil

Non-aided employees staff credit/ urban credit societies can appoint auditors of their choice in their AGM/SGM-Bombay HC

December 8, 2010 1255 Views 0 comment Print

The Hon’ble Bombay High Court has held that impugned Govt. Circular dt.11-11-1996 (which gave powers to the Registrar to appoint statutory auditors for urban credit/employees co-op. credit societies) is not applicable to the non-aided cooperative societies of any category. As a result of this Judgment, henceforth the non-aided employees staff credit/ urban credit societies can appoint auditors of their choice in their AGM/SGM etc.

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