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Peak Filing Preparation 2016- MCA 21

October 9, 2016 1753 Views 0 comment Print

ANNOUNCEMENT Sub: Peak Filing Preparation 2016- MCA 21 As you are aware it is time of peak filing of Balance Sheet & Annual Return under the Companies Act. To avoid last minute rush and system congestion on the MCA 21 portal on account of annual filings during October / November 2016, we are quite sure […]

Launch of dedicated website for DGAD, Department of Commerce

October 8, 2016 790 Views 0 comment Print

Ms. Rita Teaotia, Commerce Secretary, launched a more informative, user-friendly, dedicated website (http://www.dgtr.gov.in/) for DGAD for disseminating information/activities being performed by DGAD. She also inaugurated the additional office space developed by NBCC to meet the requirements of increased work responsibilities and to ensure optimal functioning of the Directorate.

False Copyright website

October 8, 2016 925 Views 0 comment Print

It has come to the notice of the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry that a website www.copyright.in is creating a false impression that it is the official website of the copyright registration office in India and inviting applications for protection of the various works i.e. literary, artistic, dramatic, musical, sound recording and cinematographic films along with its evidences.

CBI arrests ITO, inspector for accepting bribe

October 5, 2016 6802 Views 0 comment Print

The Central Bureau of Investigation has arrested an Income Tax Officer posted at BKC, Mumbai for accepting a bribe of Rs.Three Lakh and an Inspector of Income Tax for accepting a bribe of Rs. 5000/- from the Complainant.

Corporate Governance Issues in Compensation Agreements

October 4, 2016 1330 Views 0 comment Print

It is not unusual for private equity funds to incentivize promoters/ MDs/ CEOs of investee companies, based on performance of such companies. However, when such reward agreements are executed between the private equity investor and the Promoter/ MD of the listed entity without any prior approval of the shareholders, it does give rise to concerns. It could potentially lead to unfair practices.

Delayed, incomplete or incorrect filing of Import Manifest or Import Report

October 4, 2016 6616 Views 0 comment Print

It was provided that need for adjudication will arise only in cases of major amendment involving fraudulent intention or substantial revenue implication. It was the view of the CBEC that the penal action is not initiated mechanically in all cases of IGM amendment and that due consideration may be given to the circumstances of amendment.

GST council will decide GST rate, exemption etc. after discussion with State

October 4, 2016 2908 Views 0 comment Print

The minister added that all the issues, including the GST rate, area-based exemption, slabs in rates will be decided by the GST Council after detailed discussion with the states.

Vacancy For CA having Experience in Financial Due Diligence

October 3, 2016 6799 Views 0 comment Print

Full time Job Opportunity for Chartered Accountants with one of leading Company in the field of Broking,Financial Services and  Investment banking at Mumbai, for those who are having post qualification  experience of 3 to 4 Years in Financial Due Diligence. Role of candidate will be of  Assistant Manager and company is willing to offer pay […]

IDS 2016- No disclosure of Break up based on trades/cities/states

October 3, 2016 2107 Views 0 comment Print

While announcing the results of the Income Declaration Scheme 2016 on 1st October, 2016 at a press conference in Delhi, the Honourable Finance Minister Shri Arun Jaitley stressed that no break-up of these declarations on the basis of trades/cities/states shall be released in order to ensure absolute secrecy with respect to the identity of the declarants.

Modification in procedure of applying for new ACS membership

October 3, 2016 1885 Views 0 comment Print

Henceforth, students can submit all supporting documents under self-attestation of the applicant himself. Attestation of all supporting documents from ACS/FCS members is no more required. It is clarified that student has to preserve original copies of the same with them and they shall be required to produce the same to the Institute, if demanded, at any time in future.

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