The Supreme Court on Wednesday ruled that no immunity from prosecution can be granted to the members or nonmembers of the Institute of Chartered Accountants of India for their professional misconduct under the provisions of the Chartered Accountants
The US economy is very much rattled with the new Republicans policy planning’s. White house is busy in extending the tax proposal followed with a host of new regulations to be extended and implemented. After deploying trillion dollar of funds now the US economy have went for cut backs in its budget for the coming few years. It simply points out that US economic policy of pumping and printing funds will not increase the GDP growth of US. This year in 2010 the US economy is already running with budget deficit of 1.3 trillion dollars totaling up the figure to 13.3 trillion dollars.
Part II of Schedule VI to the Companies Act, 1956, requires the profit and loss account to be drawn in a manner to disclose the result of the working of the company during the period, and it should disclose every material feature in respect of non-re
Loan Limited (the company) has taken a secured loan of 2100 million from the bank. The loan agreement contains various covenants, which need to be complied with over the period of the loan. The loan agreement gives the bank a right to get the whole
Issuer Limited (the company) made a public issue of 1,000,000 equity shares of Rs. 10 each, issued at a premium of 2100 per share. In response to its offer for the public issue, the company received applications for 1,600,000 shares, which included
The inquiry reports of National Stocks Exchange in the alleged defaults by a brokerage firm should be made public, the Central Information Commission has told the Securities and Exchange Board of India (SEBI). The transparency panel rejected the argu
Common Proficiency Test: The Council at its 300th meeting reviewed the requirement for passing the Common Proficiency Test and decided that a candidate shall have to obtain at one sitting, a minimum of 30 per cent marks (out of maximum marks specifie
Section 69 of Income Tax Act deals with the cases of unexplained investments which have been made by the assessee but not accounted for in his books of accounts if any maintained and for which no satisfactory explanation is offered by the assessee.
The Committee on Information Technology, has introduced, New Syllabus, with effect from April 2010 for which first Assessment Test will be held in Dec 2010. It has been decided that the members already registered for the ISA course prior to April 20
All of us have responsibility towards the society we live in. Let us realise the position of our profession and understand that we should better displease others and do what we know is right than we make others happy by doing what we realise is unjus
