Finance - Page 387

Anil Ambani welcomes Sebi move for counter audit of top companies

ADAG group chairman Anil Ambani has asked market regulator SEBI to ensure confidentiality of commercial and other information while carrying out counter audit of top corporate houses in the wake of a mega financial fraud in Satyam leaving a blot on India Inc’s image. Welcoming Sebi’s initiative on establishing and certifying q...

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Administrator in co-operative housing societies: An Overstaying Guest!

 The cases of appointment of administrators in co-operative housing societies are increasing.Generally the Deputy/Assistant Registrar of co-operative societies (“the Registrar”) appoints an administrator upon complaint(s) from member(s) of the society, if he finds that it is a fit case to expell the managing committee of the society....

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ICAI approves three new Standards on Internal Audits

The Institute of Chartered Accountants of India (ICAI) has approved three new Standards on Internal Audit (SIA). This decision was taken at a recently concluded meeting of the ICAI. The three new SIAs, approved as an important aspect in the internal audit process, are – Communication with Management, Internal Audit Evidence and Cons...

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Bank Branch Auditors Panel for the year 2008-09 – (05-01-2009)

Bank Branch Auditors Panel for the year 2008-09 is now available as under: NORTH (http://www.meficai.org/north.htm ) SOUTH ( http://www.meficai.org/south.htm) EAST ( ( http://www.meficai.org/east.htm ) WEST ( http://www.meficai.org/west.htm )...

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Summary of second stimulus package

Government on Friday gave the economy a second stimulus by enabling the industry to borrow more from abroad and FIIs to invest more in the country, besides stepping up public spending. The package, the last for the current financial year and announced in tandem with rate cuts by RBI, aims at providing much higher and […]...

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Cheque-bounce cases need to tried in appropriate court: SC

The Supreme Court has held that only a court in whose jurisdiction an offence of cheque bounce was committed could try the offence under the Negotiable Instruments Act. The court set the guideline as it found that there were numerous instances where complaints were being filed at more than one place to harass the drawer […]...

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Top 20 Tips To Keep Your System Faster

Follow these tips and you will definitely have a much faster and more reliable PC! Most of the below tips works for windows XP. 1. Wallpapers: They slow your whole system down, so if you’re willing to compromise, have a basic plain one instead!  2. Drivers: Update your hardware drivers as frequently as possible. New […]...

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What Everyone Must Know About CIBIL

This is the era of high spending. The truth is today people spend more than their grandparents or parents ever did. Increasing incomes, the desire to own a house in one’s early twenties, the availability of variety in lifestyle and brand choices, a booming economy, a growing number of entrepreneurs, new business establishments, etc, are...

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BLOOD REQUIREMENT : BLOOD DONER WILL CALL YOU

Now it has become easier to get the blood we need. All you have to do is just type “BLOOD <Needed Blood Group> and send SMS to 96000 97000” EX: BLOOD B+ BLOOD DONOR WILL CALL YOU!! So please pass this message to all. It may save many lives. Must to Know & Must to […]...

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SEZs: ARE THESE SPECIAL (OR SICK) ECONOMIC ZONES?

 Somesh Arora, Commissioner of Customs (Rtd) THE party time for Special Economic Zones may well be over before it has actually begun. With that will be over the worry lines for Revenue Department, which was spending sleepless nights over purported loss of revenue because of more than 500 approved zones and more than 250 already […...

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