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LIST of CA firms to be considered for appointment as statutory central auditors for the year 2010-11

September 24, 2010 2523 Views 0 comment Print

Appointment of Statutory Central Auditors (SCAs) in Public Sector Banks :- Government of India vide their letter D.O..No.1/1 4/2004-BOA dated August 31, 2010 have advised that we may forward a list of eligible audit firms containing the names of firm

Regarding illegal use of Satellite Phones in India

September 24, 2010 566 Views 0 comment Print

I am directed to invite your attention to Notification No.36/2010-Cus (NT) dated 5th May, 2010 vide which the Board has notified Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010. These Regulations have been framed to enable electronic filing and processing of customs declarations with regard to import and export consignments carried by courier companies. Further, vide Notification No.75/2010-Cus (NT) dated 12th August, 2010, consequential changes have also been made in the Courier Imports and Exports (C

Empanelment with United Bank of India for Concurrent Audit

September 24, 2010 8335 Views 0 comment Print

Notice for Empanelment:-United Bank of India intends to empanel Chartered Accountant Firms for Concurrent Audit of Branches located in North Eastern states, Chartered Accountant Firms located in the area and fulfilling the following criteria may submit their application with din -date for the empanelment.

Clarification on PAN encrypted Digital Signature Certificate (DSC)

September 24, 2010 8687 Views 0 comment Print

The Central Board of Direct Taxes (CBDT) had recently amended the Rules relating to the manner of furnishing the return of income for companies for Assessment Year 2010-11 and onwards. Under the revised Rules, all companies (including foreign compani

Emami settles dispute over 'Zandu Balm' song

September 24, 2010 1161 Views 0 comment Print

Emami Ltd, the owner of Zandu Balm, today said its copryright infringement dispute with the production company of Salman Khan starer ‘Dabangg’ has been amicably settled between the two parties. Subsequently, the company will be using the chartbuster

Banks not in favour of deregulation of interest rate on savings bank accounts

September 24, 2010 450 Views 0 comment Print

Banks are putting up stiff resistance to Reserve Bank of India’s (RBI’s) move to deregulate the interest rate on savings bank accounts — the last bastion of administered rates. Banks benefit from low-cost savings deposits. The central bank wants to free the savings deposit rate to smoothen monetary policy transmission, which it feels is hampered by the current fixed-rate regime.

Parliamentary panel not satisfied with RBI reply on FEMA Violations in IPL series

September 24, 2010 498 Views 0 comment Print

Parliamentary Standing Committee on Finance today lashed out at the Reserve Bank of India (RBI) for “not filing an FIR against the BCCI when it found out that the society has violated several provisions of the Foreign Exchange Management Act (FEMA) i

State governments present modified version of the proposed GST regime

September 24, 2010 556 Views 0 comment Print

With no consensus in sight for a model to implement the goods and services tax (GST), state governments have presented a modified version of the proposed regime that would enable states to enjoy discretionary fiscal powers without requiring Constitu

Approvals for setting up units in SEZs will be done electronically from October'

September 24, 2010 540 Views 0 comment Print

Getting approvals for setting up units in SEZs will be done electronically from next month – a move which will help entrepreneurs reduce transaction costs, a senior Commerce Ministry official said today. “Special Economic Zones (SEZs) online means al

ICAI to Organize Round Table Conference on Commerce & Accountancy Education in India

September 24, 2010 414 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI), which is one of the Institutes functioning under the aegis of the Ministry of Corporate Affairs, will be organizing a one- day Round Table Conference on the theme ‘Commerce & Accountancy Educati

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