The Law & Justice Minister has said that the proposals to change the names of ‘Bombay High Court’ as the ‘Mumbai High Court’, the ‘Calcutta High Court’ as the ‘Kolkata High Court’ and the ‘Madras High Court’ as the ‘Chennai High Court’ have been received and they are all under consideration of the Government. This […]
Vodafone will have to pay over Rs 11,000 crore tax, once the amendment to change the Income Tax Act is approved by Parliament, a Finance Ministry official said today.As per finance Ministry official Vodafone have to automatically pay the tax after approval of the amendments to the Finance Bill by Parliament and they don’t need to send fresh tax demand notice to them.
On the issue of whether the Government has assessed the likely impact of cancellation of 2G licenses by the Supreme Court, and Foreign Direct Investments ( FDI) in the sector, the Government has said that FDI decisions are based on totality of commercial considerations and it would not be appropriate to discern a link between a judgment of the Supreme Court , and FDI into India. For telecom services Foreign Direct Investment upto 74% is already allowed out of which 49% is through automatic route.
Former Indian Premier League cricket boss Lalit Modi is back in the English courts, this time having been declared bankrupt. Modi, who is awaiting the judgment from a libel trial in the High Court of London with former New Zealand cricketer Chris Cairns, has been declared bankrupt in a London court over unpaid bills of 65,000 pounds ($126,000) owed to a private security firm.
Multi-national audit firms are regulated as per the Chartered Accountants Act, 1949 and the Chartered Accountants (Procedure of Investigations of Professional and other Misconduct and Conduct of Cases) Rules, 2007 and the Regulations framed thereunder. There is no bar under the Companies Act and the Chartered Accountants Act for such organizations to take up investigations of frauds on specific requests of the clients.
Presenting the budget in parliament on Friday, Indian Finance Minister Pranab Mukherjee said the allocation was based “on the present needs” and that the government would meet any “further needs for the security of the nation”. The 17 per cent increase seeks to add to the nuclear and conventional military muscles of a country that already has one of the world’s largest armed forces.
Shri Mukul Roy has been sworn in as the new Union Railway Minister here today. Prior to this, Shri Roy was the Minister of State for the Ministry of Shipping since 28th May 2009 onwards. He also served earlier as Minister of State for Railways.
As per File and Use Guidelines, the insurance companies are required to launch products after allowing for 60 days for non-life and 30 days for life for clearance by the IRDA. Several times, however, the full details of the product, which are required in order to assess the product, are not furnished and consequently there is delay.
The ICAI proudly acknowledges professional achievements of its members in Entrepreneurship and Public Service. ICAI has a special committee, the “Committee for Members in Entrepreneurship & Public Services” to recognize their contribution to the economy as a whole and factor in their vision and perspectives in the work program of ICAI.
The Committee for cooperatives & NPO Sectors, ICAI proudly acknowledges professional achievements of its members engaged in Cooperatives & NPO Sectors. ICAI has a Non standing committee, the “Committee for cooperatives & NPO Sectors” to recognize their contribution to the economy as a whole and factor in their vision and perspectives in the work program of the ICAI.
