Empanelment of Individual Chartered Accountants/ proprietary firms for Audit of Urban Credit Societies and other Societies (other than UCBs) of Maharashtra.(Last Date 25th November, 2010) 1. Empanelment of Proprietorship Chartered Accountant firms and members practicing in individual name for Audit of Urban Credit Societies and other Co- operative Societies (Only those Maharashtra based proprietorship firms […]
The Supreme Court (SC) ruled last week that a guarantor outside an arbitration agreement cannot be made a party to the arbitration proceedings. It reversed the judgment of the Delhi high court which had asked the guarantor to comply with the award of
THE Chartered Accountancy course, supposed to be one of the toughest, has a pass percentage of 5-10 per cent. In an attempt to increase it to 20 per cent, efforts are on start satellite-based education across the country, including the tier-II cities
Banks are losing their battle for penalty on home loan pre-payments as the Reserve Bank of India sees no case for such a levy given that lenders don’t play a fair game with borrowers. In a meeting with chief executives of banks last week, RBI deputy
The draft guidelines on how foreign banks can convert themselves into wholly owned subsidiaries of their parents, have been delayed, with the Reserve Bank of India (RBI) awaiting clarity from tax authorities. The guidelines were to be have been relea
The Supreme Court on Tuesday rejected scam-tainted Satyam Computer founder B Ramalinga Raju’splea seeking extension of time beyond November 10 to surrender. He now has to surrender on Wednesday. The SC had earlier cancelled Raju’s bail and directed h
Concerned over large-scale outflow from mutual fund schemes, market regulator Sebi wants fund houses to invest part of their profit on cementing ties with investors and curtail commissions and freebies to agents. Market watchdog Sebi, which also over
Banks have been told by the Reserve Bank of India (RBI) to be more transparent and levy reasonable penal charges. The central bank is concerned at the rising number of complaints by customers on steep charges by banks if the minimum balance in a savi
The Reserve Bank of India, or RBI, has told a bunch of top bank executives to push the use of electronic transactions among customers to trim the serpentine queues in front of teller counters despite lakhs of automated teller machines and net banking
State finance ministers have asked the Centre to exclude coal from the list of proposed Goods and Services Tax (GST), so as the tax rate does not increase on such an important fuel. Besides, the empowered committee of state finance ministers has also
