Indian and foreign realty players, in a bid to cash in on the upturn in the economy, have made a strong pitch for rationalisation of floor space index in metros and Tier-II and -III cities. They want FSI to be in line with export benefits for the sale of residential properties to NRIs and foreigners.
Over Rs 3 crore in cash have been recovered from an IAS couple in Bhopal following raids by the Income Tax Department officials at their residence on Thursday night. Officials also seized details of bank deposits worth Rs 2.25 crore from the house of Arvind Joshi, a senior IAS officer and his wife Tinu Joshi, who is the secretary of Woman and Child Welfare Development in the Madhya Pradesh government.
Accounting regulator Institute of Chartered Accountants of India (ICAI) has said that it will start disciplinary proceedings against the Satyam auditor—Srinivas Talluri who has been granted bail on Thursday by the Supreme Court.
MCX Stock Exchange (MCX-SX), India’s new stock exchange, has signed a memorandum of understanding with The Institute of Chartered Accountants of India (ICAI) Set up by an Act of Parliament for leveraging each-others’ expertise and domain knowledge in launching several programmes and initiatives on financial markets.
SEBI has appointed a former chief commissioner of income-tax, Mr Vijay Ranjan, as administrator for reallocation of unjust gains in the IPO scam (2003-05) to the unsuccessful retail applicants. Mr Ranjan was also associated with SEBI as an Executive Director.
THE Central Bureau of Investigation has registered a case against Professor, School of Computer & System Sciences, Jawaharlal Nehru University, New Delhi; Professor, Electronics & Communication Engineering Department, National Institute of Technology,
Price Waterhouse may have heaved a sigh of relief with its auditor Srinivas Talluri getting bail on Thursday, but its legal woes are far from over. On Wednesday, the Institute of Chartered Accountants of India (ICAI) banned two chartered accountants associated with Lovelock & Lewes (network firm of Price Waterhouse) for professional misconduct with regard to their audit of the now-collapsed Global Trust Bank.
Employees of accounting regulator, the Institute of Chartered Accountants (ICAI), late night on Thurday called off their two-day old strike, after the management agreed to their demand for a salary hike. “The management has given us a 20 per cent hike in January’s gross salary, which has been credited to our salary accounts,” ICAI Employees’ Association Secretary Deepak Kishore told PTI.
Over a year after the Supreme Court dismissed telecom major Vodafone’s petition challenging Indian tax authorities’ jurisdiction over its $11.2-billion acquisition of Hutchison Essar in 2007, UK Prime Minister Gordon Brown has written to Prime Minister Manmohan Singh warning that such tax treatment will affect India’s investment climate.
The new Companies Bill with stricter corporate governance norms is expected to be enacted by the end of this year, Corporate Affairs Minister Salman Khurshid said today. Companies Bill 2009, which lapsed with the dissolution of the 14th Lok Sabha, was reintroduced in the Lok Sabha in August last year.
