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RBI may cap bank charges to protect customers

December 3, 2010 417 Views 0 comment Print

Retail customers of banks, who have to pay exorbitant charges and penalties for basic services and pre-payment of loans, are in for some good news. The Reserve Bank of India (RBI) is considering a ceiling on such charges. Worried by the refusal by so

New GST to be implemented in J-K next year

December 3, 2010 919 Views 0 comment Print

Jammu and Kashmir will implement Goods and Services Tax along with the other states in the country proposed during the coming year, the state government has said. The state would also computerise its commercial taxes department within 15 days for the

Center propose to impose GST on films – Industry opposed the same

December 3, 2010 543 Views 0 comment Print

Dark days are ahead for Bollywood and Tollywood what with a proposal by the Centre to impose goods and services tax (GST) on films that will cripple the industry. “This is a very serious issue. If Parliament clears it, no filmmaker can end up making

Commonwealth suppliers alleges that an average 15% commission was paid to Organising Committee officials

December 3, 2010 763 Views 0 comment Print

Commonwealth Games overlays suppliers — questioned by Income Tax investigation in connection with irregularities in Games contracts — have alleged that an average 15% commission was paid to Organising Committee officials, besides payoffs to project e

95 officials under CVC scanner for alleged corruption

December 3, 2010 390 Views 0 comment Print

Ninety-five officials from different government-controlled organisations and banks have come under the CVC scanner in October alone for alleged involvement in corrupt practices and action has been recommended against them. Of them, a highest 17 were

No immunity can be granted to ICAI members for Professional misconduct

December 3, 2010 1825 Views 0 comment Print

The Supreme Court on Wednesday ruled that no immunity from prosecution can be granted to the members or nonmembers of the Institute of Chartered Accountants of India for their professional misconduct under the provisions of the Chartered Accountants

I-T dept suspects Radia tapes leaked from telecom service provider’s end

December 3, 2010 510 Views 0 comment Print

Income tax department (I-T) suspects that the tapes of alleged conversation between corporate lobbyist Niira Radia and journalists, ministers and corporate captains been leaked from telecom service provider’s end amid a raging debate on the whether p

Tribunal upholds SEBI order against CA couple for alleged involvement in IPO allotment scam

December 3, 2010 910 Views 0 comment Print

The Securities Appellate Tribunal (SAT) has upheld the SEBI order against chartered accountant couple Dushyant and Puloma Dalal in the IPO allotment scam and dismissed the appeal filed by the couple. The stock market regulator, SEBI, had found them g

Time Table for CS Examinations – Dubai Centre

December 3, 2010 450 Views 0 comment Print

COMPANY SECRETARIES EXAMINATIONS – DECEMBER, 2010 TIME-TABLE & PROGRAMME

If documents asked for are relevant and may help delinquent to prepare his/her defence they have to be furnished

December 2, 2010 711 Views 0 comment Print

Where the details in the charts relied upon in the show-cause notice have been culled out from the trade and order logs and, in the circumstances of the case, it was not only relevant but even necessary that the appellant be furnished with those trade and order logs so that she could possibly make out a case based on other orders punched into the system, non-furnishing of the trade and order logs to the appellant in the circumstances of this case resulted in the violation of the principles of natural justice

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