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Reservation Facilities Provided to Senior Citizen and Female Passengers Including Pregnant Women

March 25, 2015 1798 Views 0 comment Print

With a view to facilitating provisions of lower berths to senior citizens and female passengers, following facilities are available:- (i) There is a provision in the computerised Passenger Reservation System (PRS) to allot lower berth automatically to male passengers above the age of 60 years and female passengers above the age of 45 years subject […]

Shri M.Venkaiah Naidu favours a share of GST revenue for urban local bodies

March 25, 2015 699 Views 0 comment Print

PPP model may have not done well but it shall succeed for effective urban interventions, says Shri Naidu Huge urban fiscal gap with annual per capita income of ULBs-Rs.1,430, expenditure-Rs.6,030 Minister of Urban Development Shri M.Venkaiah Naidu has favoured a share of GST(Goods and Services Tax) revenue for the municipalities across the country to ensure […]

Guidelines for Articleship Training Abroad for CA Students

March 25, 2015 4365 Views 0 comment Print

March 18, 2015 Subject: Articleship issues in UAE The matter regarding revision in the Guidelines of Articleship Training abroad was considered at the 340th meeting of Council held from February 10-12, 2015 wherein the Council agreed with the recommendation of Executive Committee regarding the revision of the existing Guidelines for Articleship Training abroad and agreed […]

Listed Companies to Appoint Women Directors by 31.03.2015

March 21, 2015 2276 Views 0 comment Print

Appointment of Women Directors – compliance with clause 49 (II) (A) (1) of Listing agreement and Section 149 of Companies Act, 2013 As you are well aware that SEBI vide its circular dated 17th April, 2014 has made it mandatory for all the listed companies to appoint atleast one Woman Director on their Board of […]

Income Tax Inspector arrested accepting bribe of Rs. 90000

March 21, 2015 1655 Views 0 comment Print

CBI ARRESTS AN INSPECTOR OF INCOME TAX FOR ACCEPTING A BRIBE OF RS. 90,000/- The Central Bureau of Investigation has arrested an Inspector of Income Tax Department, Delhi for demanding and accepting a bribe of Rs.90,000/- from the complainant. A case was registered under section 7 of P.C.Act,1988 on a complaint alleging that the Inspector working […]

Extract of Section 186 of Companies Act, 2013

March 20, 2015 18607 Views 0 comment Print

Loan and investment by company- Section 186 186. (1) Without prejudice to the provisions contained in this Act, a company shall unless otherwise prescribed, make investment through not more than two layers of investment companies: Provided that the provisions of this sub-section shall not affect,— (i)    a company from acquiring any other company incorporated in […]

ICAI Extends Membership Restoration Amnesty to 30-04-2015

March 19, 2015 1123 Views 0 comment Print

ANNOUNCEMENT EXTENSION OF GENERAL AMNESTY SCHEME FOR RETROSPECTIVE RESTORATION OF MEMBERSHIP (ONE TIME DISPENSATION) DATE: 19.03.2015 With a view to mitigate the hardships being faced by members whose names stand removed as on date due to non-payment of membership fee, the Council has decided to give an opportunity by way of General Amnesty Scheme for […]

Extract of Section 185 of Companies Act, 2013

March 19, 2015 4133 Views 0 comment Print

185. Loan to directors, etc (1) Save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom the director is interested or give any guarantee or provide any security in […]

ICAI considers including PAN details of members in ICAI database

March 18, 2015 5021 Views 0 comment Print

Request to give your inputs on inclusion of PAN details of members in ICAI database- As we all are aware, every practicing Chartered Accountant is required to get himself registered on the E-filing portal for submission of various reports prescribed by the Income-tax Act, 1961. For the said purpose, ICAI shares certain limited database with the E-filing website.

FM: Indian Economy is Fundamentally Strong and Forward Looking

March 16, 2015 396 Views 0 comment Print

MS Christine Lagarde,MD, IMF: Growth in India has picked up, even as the World Economy is Faced with Subdued Demand Conditions, Particularly in Europe and Japan, and Recent Slowdown in China;India and IMF to Jointly Host a High Level Conference on “Advancing Asia: Investing for the Future” in March, 2016 in India

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