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TDS Rates / TDS Chart for A.Y. 2011-12

December 24, 2010 30775 Views 0 comment Print

Latest and fully updated TDS Rates / TDS Chart for A.Y. 2011-12 / Financial Year 2010-11 with all the amendments till the date of publication of this article is given below. In Budget 2010 TDS rates has not been changed but cut off amount has been pr

10th ICSI National Award for Excellence in Corporate Governance, 2010- Award Winners

December 23, 2010 624 Views 0 comment Print

The 10th ICSI National Awards for Excellence in Corporate Governance for 2010 were presented at a function at New Delhi on the December 16, 2010 to : Dr. Reddy’s Laboratories Limited & Larsen & Toubro Limited Mr. Umang Vohra, Chief Financia

Flat Owners – the difficulties with Builders and Agreements – a case study

December 22, 2010 672 Views 0 comment Print

We have seen the growth of reality sector in the recent past and with the rise of Private Sector, the growth and the employment opportunities, many individuals prefer to acquiring flats in large residential projects undertaken by reputed builders. The growth of reality sector proceeds on the basis of expectation of continual growth and also the investors feel secured by investing in fixed assets.

Amendments to Equity Listing Agreement Vide Circular Dated December 16, 2010

December 22, 2010 819 Views 0 comment Print

Shareholding pattern prior to listing of securities Entities which seek listing of their securities post-IPO shall mandatorily submit their shareholding pattern as per Clause 35 of the LA one day prior to the date of listing. The stock exchanges sha

All about Cost Audit Branch under Ministry of Corporate Affairs

December 22, 2010 3786 Views 0 comment Print

Cost Audit Branch under the Ministry of Corporate Affairs is manned by professionals drawn from the Indian Cost Accounts Service (ICAS) and primarily deals with sections 209 (1) (d) and 233B of the Companies Act, 1956. The Branch, under section 209 (1) (d) formulates & notifies Cost Accounting Records Rules (CARRs) for various industries. Such rules prescribe the manner in which cost records are to be maintained by specified class of companies. The Branch also undertakes rationalization of existing CARRs to reflect the changes in technology, manufacturing processes and accounting standards.

MRTP Act- The Director General of Investigation & Registration

December 22, 2010 4056 Views 2 comments Print

The Office of the Director General of Investigation and Registration has been established under Section 8 of the Monopolies And Restrictive Trade Practices Act, 1969 (hereinafter referred to as ‘the Act’) for making investigations for the purposes of

301ST Council Meet of the Institute of Chartered Accountants of India Begins at Puri, Orissa

December 22, 2010 447 Views 0 comment Print

The 301st Council meet of The Institute of Chartered Accountants of India (ICAI), which functions under the aegis of the Ministry of Corporate Affairs, started today at Puri, Orissa. The meeting was inaugurated by the Governor of Orissa, Shri Murlidh

SARFAESI Act, 2002 – order of District Magistrate under section 14 – taking physical possession of Secured Asset – compl

December 21, 2010 12234 Views 1 comment Print

What normally happens is that when the borrower fails to get an order of stay of proceedings by the Bank under the provisions of SARFAESI Act, 2002 under section 17 or where there is no restraint from the competent forum, the Bank will proceed with taking physical possession of the property and then proceed with auctioning the same in accordance with the provisions of the Act or the rules made there-under. As such, there can be an argument that the question of approaching the DRT again challenging the order of the Magistrate Court is illogical though the DRT is vested with the powers of restoring the possession back under the provisions of SARFAESI Act, 2002.

EPF – Better investment Option for Future and for Good Return on Investment

December 21, 2010 438 Views 0 comment Print

Don’t you hate it when you look at your salary slip and find that sundry deductions have pared it down. But believe us, you should actually feel happy about one of these deductions-the monthly contribution to the Employees’ Provident Fund (EPF). The

Johnny and Service Tax Refund [Series- II] – Part 5- “Condition relating to Time Limit of One Year”

December 21, 2010 637 Views 0 comment Print

we in this article are unveiling the problems existing in the Service tax refund mechanism under various services as specified in the Notification No. 17/2009-ST (herein after referred to as Said Notification). For example CHA service, Port Service,

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