The Securities and Exchange Board of India (Sebi) may have finally found the solution to deal with companies defaulting on payment of listing fees. The market regulator is considering a proposal, whereby companies below a certain threshold of paid-up capital will be asked to make a one-time lumpsum payment to the stock exchanges, on which […]
Another Press Note or a clarification could be issued to make clear that the government will ensure that sectors such as multi-brand retail, agriculture, lottery and atomic energy, where foreign investment is prohibited, will be kept out of the reach of even indirect foreign investment.
The Examination Department has been receiving enquiries from various candidates/parents/members regarding change in the schedule of holding the Professional Education-II, Professional Competence Course (PCE) and Final Examination and also Post Qualification Courses in Management Accountancy Course (MAC Part-I), Corporate Management Course (CMC Part-I) and Tax Management Course (TMC Part-I), Insurance and Risk Management (IRM) and […]
Specific figures that reflect the magnitude of the swindle at Satyam Computer Services Ltd are coming to light. The books of the software services firm were inflated to the tune of Rs27,167 crore between the fiscal year ended 31 March 2001 and September last year, mainly by inflating cash and bank balances, showing fictitious fixed deposits, non-existent […]
Crorepati (KBC), Harshvardhan Nawathe is being re-visited by the tax Harshvardhan Nawathe had won the Rs 1 crore jackpot on KBC in 2000 man. A division bench of the Bombay High Court last week admitted an appeal filed by the Income Tax Department. I-T has challenged the order of the Income Tax Appellate Tribunal (ITAT) […]
Two other big four accounting firms have received a letter from the accounting regulator, the Institute of Chartered Accountants of India (ICAI). According to sources, the ICAI has written to Deloitte and E&Y, asking for detailed information on their activities, international affiliations and operating structure in India. Just over a week ago, we had reported […]
Removing difficulties being faced by the students for successfully completing 100 Hours Information Technology Training before the commencement of June, 2009 Professional Competence Examination. It has been brought to the notice of Board of Studies that some of the students who have to appear for the Professional Competence Examination to be held in June, 2009,are facing difficulties in successfully completing […]
Income tax assesseess may soon hope to get their refund amounts earlier than they are used to now. The income tax department will be coming up with a central processing centre in Hyderabad, which may help in early assessment of income, followed by early refunds. The facility, being developed in association with IT major Infosys, is expected […]
Tech Mahindra plans to appoint two auditors at Satyam Computer Services as part of its initiative to enhance the corporate governance standard of the fraud-hit software exporter, said a top Tech Mahindra executive. But, the appointments will have to be ratified by Satyam shareholders. Satyam’s corporate governance practices and the role of its auditors came […]
The ministry of corporate affairs has said that out of the eight lakh companies in India, a large chunk of them would be interested in getting converted into limited liability partnership (LLP) once a suitable tax structure for LLP is brought in. We are getting enquiries from thousands of companies every week who are interested […]
