CAclubindia News

Cabinet approves the Lokpal Bill, 2011

28 July 2011 at 15:33

The Union Cabinet today approved the proposal for the enactment of a new legislation in the form of the Lokpal Bill, 2011. The Bill provides for the establishment of the institution of Lokpal to inquire into allegations of corruption against certa

Posted in Others | 4047 Views

Result of IRM on 8th August, 2011 held in May, 2011

27 July 2011 at 20:52

The result of the Insurance and Risk Management [IRM] Examination held in May, 2011 is likely to be declared on 8th August, 2011 around 2 P.M. at the Institute’s office at New Delhi. The result of the above Examination will be available on

Posted in Students | 4980 Views

Exposure Draft of Taxonomy for Non-Banking Financial Companies (NBFCs)

27 July 2011 at 16:53

XBRL (eXtensible Business Reporting Language) is a novel way of electronic communication of business and financial data that is of immense utility to the capital markets and the investing community. Those who stand to benefit include all who coll

Posted in Corporate Law | 3567 Views

Increase in the Repo rate by 50 basis points from 7.50 per cent to 8.00 per cent with immediate effect

27 July 2011 at 10:12

RBI/2011-2012/126 FMD.MOAG. No.61/01.01.01/2011-12 July 26, 2011 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo and Marginal Standing Facility Rates As

Posted in Others | 3933 Views

Dishonour / Return of Cheques - Need to Sign / Initial the Cheque Return Memo

27 July 2011 at 10:08

RBI/2011-12/121 DPSS.CO.CHD.No. 120 / 03.06.01 / 2011-12 July 25, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District

Posted in Others | 6777 Views

India Signs an Agreement and Protocol for Avoidance of Double Taxation and Prevention of Fiscal Evasion (DTAA) with Lithunia

27 July 2011 at 10:08

The Government of India today signed an Agreement and Protocol for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital (DTAA) with Government of Lithuania. The Agreement and the Protocol

Posted in Income Tax | 2988 Views

Exemption from requirement of furnishing return of income for A.Y. 2011-12 where income does not exceed Rs. 5 lakhs - Assessee has option to avail said exemption

26 July 2011 at 17:26

ORDER [F.NO. 142/09/2011-SO(TPL)] DATED 25-7-2011 The Central Board of Direct Taxes had exempted a certain class of persons from the requirement of furnishing a Return of income under sub-section (1) of section 139 of the Income-tax Act, 1961 fo

Posted in Income Tax | 9090 Views

E-form 1A shall be implemented with effect from 24th July, 2011

26 July 2011 at 16:55

General Circular No. 48/2011 No 17/90/2011- CL V Government of India Ministry of Corporate Affairs 5th floor, ‘A’ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi Dated the 22ndJuly, 2011 All the Regional Directors, All th

Posted in Corporate Law | 5043 Views

Guidelines for RDs/ROCs in the matter of scheme of arrangement /amalgamation under section 391-394

26 July 2011 at 16:39

GENERAL CIRCULAR NO. 53/2011 F. No. 51/16/2011-CL.III Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhavan, Dr. R.P. Road, New Delhi-110001 Dated 26th July, 2011 To All Regional Directors All ROCs

Posted in Corporate Law | 4308 Views

Pro-active action in case of winding up petitions

26 July 2011 at 16:21

GENERAL CIRCULAR NO. 54/2011 F. No. 35/6/2011/Insolvency Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhavan, Dr. R.P. Road, New Delhi-110001 Dated 26th July 2011 To All Regional Directors All RO

Posted in Corporate Law | 3528 Views