CA, CS, CMA - Page 331

Rajus pledged entire 15.14% stake in Maytas to lenders

Maytas Infra on Monday said three of its promoters, including Ramalinga Raju and Rama Raju, have pledged their entire holding of 15.14 per  cent in the company to lenders. Ramalinga Raju, the former Chairman of fraud-hit Satyam Computer, has pledged his entire holding of 48.54 lakh shares representing 8.25 per cent of the paid up [&helli...

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Satyam fraud will be investigated by Large I-T team

The Income-Tax department has mobilised a large number of staff members from its local offices for a comprehensive investigation into the fraud in Satyam Computers. A top official said the staff will join duty in a day or two following the IT Chief Commissioner’ s orders earlier this week. He said the investigations would not [&hell...

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RBI should go back to appointing auditors for banks: AIBEA

Appointment of external auditors for bank audits continue to be mired in controversy. After the auditing profession regulator, the Institute of Chartered Accountants of India (ICAI), it is now the turn of the bank employees to oppose the freedom given to public sector bank boards to choose the statutory auditor....

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ICAI to examine whole of PWC in Satyam scam

The Serious Fraud Investigation Office (SFIO) has initiated probe against 25 individuals and 325 companies related to Satyam. That includes Pricewaterhouse Bangalore, the auditors of the firm. At a time when the government is acting against the auditor in this case, the question that arises now is, will the ICAI act?...

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ICAI will pass ruling directing all firms to get their internal audits reviewed by an outsider

The Institute of Chartered Accountants of India will pass a ruling directing all firms to get their internal audits reviewed by an outside’.  Uttam Prakash Agarwal, who has replaced Ved Jain as president of ICAI with effect from February 5, said that this practice of an external firm reviewing the internal books of a company [&hell...

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Indian companies not in favour of rotation of auditors every few years

India Inc is against rotation of auditors every few years. At a closed-door meeting with Sebi chairman CB Bhave, nearly 45 top honchos expressed their opposition to this move, being demanded by foreign institutional investors (FIIs). The attendees included K V Kamath, Uday Kotak, Mihir Doshi and U K Sinha....

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New Satyam CEO sold shares before plunge in December

The new chief executive officer of fraud-hit Satyam Computer Services sold 40,000 shares of the company in the days before the previous  board’s aborted decision to buy two related firms, stock exchange data shows. A.S. Murty was named chief executive with immediate effect by the new government-appointed board on Thursday, Satyam s...

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A S Murty appointed as Satyam's new Chief Executive Officer

After a crucial two-day board meet, the six-member Satyam Computer Services board appointed by the government named AS Murty as the new Chief Executive Officer of the beleaguered firm. AS Murty was formerly, Head, Delivery and Leadership Development of Satyam....

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Income Tax Dept. asks for documents for Satyam probe

The Income Tax Department, one of the investigating agencies probing  the Satyam fraud case, has asked the Hyderabad Police for documents related to purchases and investments by the firm’s former Chairman Ramalinga Raju....

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ICAI need to act firmly to restore confidence of shareholders

Minister of corporate affairs Prem Chand Gupta on Wednesday stressed  on the need for greater steps by the Institute of Chartered Accountants of India (ICAI) in restoring the confidence of investors  and shareholders, which has been affected in the wake of the Satyam accounting fraud. “What is required is further measures to resto...

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Chartered Accountants or Company Secretaries , Cost Accountants are a group of extraordinary people. Wherever they go, they bring difference. They’re talented, ambitious and are in demand. If you are thinking about a career which offers respect, prestige, great financial rewards, and better prospects becoming a Chartered Accountant, Cost Accountnat  or a Company Secretary is a perfect way to start. For becoming a CA, CMA or a CS you need to qualify the CA exam, CMA exam and the CS exam respectively. The CA, CMA and CS qualifications are exceptional prestigious and internationally respected which would offer you the skills, knowledge, and values to be a sought after business professional. The CA, CMA and CS qualifications comprises of relevant professional study and practical experience.

The ICAI (Institute of Chartered Accountants of India) is the empowering body for Chartered Accountants in India, The ICAI (The Institute of Chartered Accountants of India )  for Cost Accountantgs in India and the ICSI (Institute of Companies Secretaries of India) is the regulating body of Company Secretaries in India.

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