Corporate Law : Dive into the case of Ediga Anamma v. State of Andhra Pradesh (1974), where a womans conviction for murder sparks debates on death...
Company Law : The Supreme Court has stated that the criminal liability of a corporation would arise when an offence is committed in relation to ...
Excise Duty : “Mens Rea” literally means a guilty mind. It is a cardinal principle of English Common Law is that a persons cannot be convict...
CA, CS, CMA : Did Satyam Computer Services’ promoter B Ramalinga Raju make a calculated move in owning up to a Rs 7,800 crore fraud to les...
CA, CS, CMA : The Institute of Chartered Accountants of India (ICAI) will not spare the auditors of Satyam Computer Services if they are found t...
Finance : Suresh Kalmadi on Thursday walked out of Tihar Jail after being lodged there for nearly nine months with the Delhi High Court gran...
CA, CS, CMA : November, 26th 2011 The Gurgaon police have arrested a Mumbai-based Chartered Accountant (CA) and three bouncers for allegedly ass...
CA, CS, CMA : The government is likely to soon give its nod to the Serious Fraud Investigation Office (SFIO) for initiating prosecution against ...
Company Law : Prosecutions have been filed in 110 cases for violations of various provisions of the Companies Act, 1956," the minister said in a...
CA, CS, CMA : The Institute has been receiving complaints from members of the Institute, proprietary concerns and firms of Chartered Accountants...
Income Tax : Delhi High Court in IAS Anil Tuteja alleged to be engaged in movement of unaccounted cash through different channels with regard t...
Income Tax : ITAT Mumbai decides on the applicability of penalties under Section 271(1)(c) after disclosing concealed income under the IDS sche...
Corporate Law : The issue under consideration is appellant seeks suspension of sentence awarded by Trial Court for 4 years for the offence punisha...
Goods and Services Tax : Gurvinder Singh Sohal Vs. Central Bureau of Investigation (Punjab High Court) The prayer in this petition is for grant of anticipa...
Corporate Law : Suresh Chandra Khandelwal Vs State of Chhattisgarh (Chhattisgarh High Court) Procedure prescribed u/S 82 CrPC not followed before ...
“Mens Rea” literally means a guilty mind. It is a cardinal principle of English Common Law is that a persons cannot be convicted and punished in a proceeding of a criminal nature unless it can shown that he had a guilty mind. The principle is self explanatory. A person should be punished for deliberate defiance of law, rather than something which didn’t do intentionally or something which happened accidently etc. Nevertheless, the principle is most misunderstood.
The government is likely to soon give its nod to the Serious Fraud Investigation Office (SFIO) for initiating prosecution against the persons involved in the Rs 7,800 crore-accounting fraud at Satyam Computer Services. The ministry of corporate affairs is in consultation with the law ministry and will take a decision on filing cases in the Satyam […]
Prosecutions have been filed in 110 cases for violations of various provisions of the Companies Act, 1956,” the minister said in a written reply to a question on the issue of vanishing companies. A Coordination and Monitoring Committee (CMC), co-chaired by MCA Secretary and Securities and Exchange Board of India Chairman, is looking into the issue of vanishing companies, their promoters and monitoring the progress of action taken against them.
Did Satyam Computer Services’ promoter B Ramalinga Raju make a calculated move in owning up to a Rs 7,800 crore fraud to lessen the degree of punishment? With media reports speculating that Raju may have had benami accounts, land holdings and so on, senior government sources told Outlook Business that the suspicion from day one […]
The Institute of Chartered Accountants of India (ICAI) will not spare the auditors of Satyam Computer Services if they are found to be guilty. It could even debar them from the profession. ICAI president Ved Jain said, “The disciplinary committee of the institute will lead the investigation and will ask for documents pertaining to Satyam’s […]
The Institute has been receiving complaints from members of the Institute, proprietary concerns and firms of Chartered Accountants alleging that they have come across audit reports, balance sheets, certificates etc. of different entities submitted by the said entities/someone with Banks, Financial Institutions, Income-Tax Department, etc. wherein they find that their signatures, seal/stamp have been forged and /or such documents have been prepared on their forged letterhead etc. The members of the Institute, proprietary concerns and firms of chartered Accountants have been requesting the Institute to take necessary legal action in such matters.
