Many in this country including the corporates are closely watching the IPL controversy and it had led Mr.Shari Tharoor to submit his resignation. There are many interesting issues in the entire episode and I want to highlight few issues as a classic example of complications in dealing with corporate issues.
FIR means First Information Report i.e report about the happening of a crime. Whenever anyone meet with a crime or see the crime happening and he informs the police, it should constitute an FIR and police should not refuse to register it.
Delhi High Court on Thursday said the National Stock Exchange was a public authority and was bound to reveal information under the Right to Information Act. Justice Sanjiv Khanna dismissed NSE’s plea that it could not be forced to disclose information under the transparency law since it was an autonomous body and not controlled by the government.
The Government of Himachal Pradesh has introduced a new Entry tax legislation wef 7 April 2010. The new Entry tax legislation (The Himachal Pradesh Tax on Entry of Goods into Local Area Act, 2010) seeks to levy Entry tax on specified goods brought into a local area for the purpose of use, consumption or sale therein.
A five-judge Bench of the Supreme Court decided on Friday to refer to a larger bench the issue of imposition of entry tax on goods coming into jurisdiction of the respective states, involving financial implications to the tune of Rs 30,000 crore (Rs 300 billion).
Agreement/contract with the multinational entity; (2) Terms and conditions for usage of name of multinational entity; (3) Arrangement for sharing of fees/profit with other Indian CA firms with similar/identical name and with the multinational entity; (4) Arrangement for sharing of human resources and infrastructure with other Indian CA firms with similar/identical name and with the multinational entity;
Dual Listing has been in the news in recent times due to the proposed alliance between Asia’s leading telecommunications provider Bharti Airtel and South Africa-based MTN Group that would help create the third largest mobile phone group in the world. This has created a buzz in the world of telecommunications. However, this alliance is dependent upon one important aspect or issue – it is of “Dual Listing”.
Notification dated 28th August, 2009 issued by the Ministry of Corporate Affairs (`MCA’) repealed the Monopolies and Restrictive Trade Practices Act, 1969(`MRTP ACT’) with effect from 1st September, 2009. The repealed Act was replaced by the Competition Act, 2002 (`COMPETITION ACT’) as amended by the Competition (Amendment) Act,2007.
Do you have any query about MAY, 2010 examination? The Help Line Desk will be functional from 16th April to 12th MAY, 2010 for 24 hours on all days (inclusive of holidays and Sundays) to attend to any query relating to the ensuing Chartered Accountant Examinations to be held from 3rd to 17th MAY, 2010. The telephone Numbers of Help Line Desk are:
Recent Notification No. 23/2010 dated 8 April 2010 (Notification) issued by the Central Board of Direct Taxes (CBDT) prescribed the rules (Rules) for determining the fair market value (FMV), for the purposes of taxation, of certain specified assets received by a taxpayer without consideration or for inadequate consideration i.e. a consideration which is less than the FMV by an amount exceeding INR 50,000. The Finance (No. 2) Act, 2009 had inserted Section 56(2) (vii) (Section) to tax such specified assets received on or after 1 October 2009 (See Note-1 below). Specified assets are archaeological collections, drawings, paintings, sculptures or any other work of art (artistic work), jewellery and shares and securities.
