Keeping in view the developments taking place nationally as well as internationally and with a view to modernize the structure for corporate regulation in India and represent a major reform statement by the Government to promote the development of th
Availability of essential financial information about a company to its shareholders and other stakeholders in accordance with internationally accepted financial norms is considered as an integral and important part of good corporate governance. To en
With the Reliance funding into Swan telecom under scanner, the CBI will soon approach the Company Law Board to look into the association between Reliance Group and the controversial Telecom Company in the 2G spectrum scam. The Swan Telecom is alleged
India Inc is not on board with the government on several key issues pertaining to independent directors, managerial remuneration and rotation of auditors, as proposed in the Companies Bill, a senior official said on Thursday.
Sebi has proposed a new reporting system for mutual funds based on XBRL technology — a globally accepted standardised business reporting tool that enables easy dissection of bulk documents without delay.
The government on Thursday said it will soon notify the format that companies will have to follow while preparing their account books as per the international accounting norm IFRS from next fiscal. In an official statement, the Corporate Affairs Mini
In line with similar agreements earlier with Singapore and South Korea, India signed a two-way Comprehensive Economic Partnership Agreement (‘CEPA’ or ‘the Agreement’) with Japan on 16 February 2011. CEPA would provide a framework for enhanced cooperation between the two countries and is aimed to facilitate trade in goods and services and increase investment opportunities, besides protecting intellectual property rights. The Agreement is likely to be implemented from 1 April 2011.
As on 11/2/2011 it has processed over 34.1 lakh e-filed returns of AY 2010-11 in all categories of ITRs including Corporate Returns and generated refunds in over 8.6 lakh cases. The Income Tax Department has now extended the last date for sending ITR
The insurance industry wants the government to create a separate tax exemption limit of Rs 50,000 for life insurance premium in the forthcoming Budget to encourage more individuals to buy such policies.
The retirment fund manager EPFO trustees today decided not to invest a portion of Rs 5,00,000 crore funds in the stock market in view of Finance Ministry’s refusal to provide any guarantee on returns and safety of such investments. “We don’t want t
