The Central Bureau of Investigation has today arrested two Directors of Kolkata based private company in an on-going investigation of a bank fraud case to the tune of Rs.515.15 crore(approx).
The Gopalganj Central Co-operative Bank Ltd., Gopalganj, At- Post office Chowk, P.o+Distt- Gopalganj invites sealed tender under two bid system from Chartered Accountant Firm for concurrent audit for F.Y.- 2018-19 of its 16(sixteen) branches, 1(One) extention counter along with Head Office on following terms & Conditions:-
Environment created after change in policy of appointment of branch statutory auditors (giving autonomy to bank management) has not yielded desired results for the banking industry. Our regulatory body, the Institute of Chartered Accountants of India (ICAO has been opposing this change from the very beginning.
The Government is aware of instances where taxes are collected by many service providers, hoteliers, traders etc. from the customers but are not deposited in the Government’s account. Based on specific intelligence collected, detailed investigations are carried out and the due tax amount is either recovered or quasi-judicial proceedings are initiated. The details of such losses are as below:
Ecosystem for Fin Tech Companies The Reserve Bank of India (RBI) had set up an inter-regulatory Working Group (WG) to look into and report on the granular aspects of Fin Tech and its implications so as to review and reorient appropriately the regulatory framework and respond to the dynamics of the rapidly evolving Fin Tech […]
Rationalization of GST Policy measures: Increase in the aggregate annual turnover threshold for eligibility under the composition scheme from Rs. 75 lakh to Rs. one crore for 27 States (including Jammu & Kashmir and Uttarakhand).
Punjab National Bank (PNB) has taken many IT initiatives. Bank has computerized 100% of its branches and has implemented a Centralized Banking Solution with Data Centre at New Delhi and Disaster Recovery Site at Mumbai.
The Government has ordered investigation into the affairs of 107 companies and 7 LLPs under the provisions of Section 212(1)(c) of the Companies Act, 2013 and Section 43(3)(c)(i) of Limited Liability Partnership Act, 2008 on 17.02.2018 belonging to Mr Nirav Modi (Firestar Diamond group) and Mr Mehul Chinubhai Choksi (Gitanjali Group) to be carried out […]
It has been noticed that at regular intervals, unverified estimates of pending GST refunds on account of exports are published in the print media or put forward by various trade bodies. These figures are highly speculative and mostly inaccurate
Transparent Political Funding System The Government notified the Electoral Bond Scheme, 2018 on January 02, 2018 to establish and cleanse the system of political funding in the country. Broad features of the said Scheme are under: Electoral Bond (EB) would be a bearer instrument in the nature of a Promissory Note and an interest free […]
