| RBI Press Release on Restrictive practices while accepting bank notes 
September 14, 2009 Restrictive practices while accepting bank notes It has come to the notice of the Reserve Bank of India that certain establishments are adopting restrictive practices such as not accepting notes of certain denominations or series... |
| Government would come up with a roadmap to help companies to adopt IFRS
The government today said it would come up with a roadmap in November to help companies to adopt International Financial Reporting Standards (IFRS) which will become operational from 2011. The government will take the concerned regulatory agencies... |
| KPMG accountant jailed
A "spineless" director at leading accountancy firm, KPMG, was jailed for four years after trying to buy his second wife's happiness with £550,000 stolen from his employer. Andrew Wetherall, 49, branded as "spineless" by the judge, spent years.... |
| income Tax raided NCP leader having stake in Sunil Hitech 
The Income Tax Department today conducted raids at various places, including the residence of NCP leader Sudamati Gutte whose family has a large industrial base. According to sources, raids were carried out at more than 35 places in the district,... |
| Acquirer has a right to protect his investment/business from competition by a seller of the business 
In a blow to the Securities and Exchange Board of India (Sebi), the Securities Appellate Tribunal (SAT) has set aside the former's ruling in the case of Tata Tea, wherein Sebi had asked the company to pay non-compete fees to all shareholders of... |
| New Companies Bill 2009 likely to provide more power to SFIO 
The New Companies Bill 2009, which seeks to replace the existing Companies Act of 1956, has already factored in the lessons from the Satyam incident and would look at strengthening the role of Serious Fraud Investigation Office (SFIO) in order to... |
| RBI circular on Finance for Housing Projects –Disclosure of Information on Mortgage of Property 
Refrence No. RBI/2009-10/ 155 ,Circular No. RPCD.CO.RRB. BC.No. 21 /03.05.33/2009- 10, Dated: September 14, 2009, Issued to : Chairman, All Regional Rural Banks Dear Sir, Finance for Housing Projects – Incorporating clause in the terms and... |
| Dual Listing meaning, problem & reasons for the same 
I recently heard that MTN will ask for Dual listing if Merger or takeover deal between Bharti and MTN happens. I wondered what this is all about as we haven't witnessed such listing in India in past and neither I found any provisions of dual... |
| Income Tax department recovered documents of tax evasion worth crores of rupees 
Income Tax department today recovered documents of tax evasion worth crores of rupees during a survey at a software company in Sitapura industrial area here. Teams of Mumbai, Kanpur and Pune directorate of IT department in coordination with the... |
| Resigned Members & Members who retired before 3.6.2009 can practice before the ITAT 
CASE LAW DETAILS Decided by: Income Tax Appellate Tribunal, Delhi Bench "B" New Delhi (Special Bench). In the case of: M/s Concept Creations vs. ACIT, Appeal No.: ITA No. 3370/Del/08 (Asstt. Yr: 2005-06), Order dated: – 15-09-2009. SUMMARY OF... |
| ICAI asked for suggestions/views/comments on Companies Bill, 2009 
Dear Member, Sub: Companies Bill, 2009 As you are aware, the Companies Bill, 2009 has been introduced in Lok Sabha on 3rd August, 2009. The new Bill proposes to open up new avenues for the professionals especially Chartered Accountants and at... |
