CAclubindia News

Reduction of Taxes on Petro-Products

06 September 2011 at 18:03

With effect from 25th June, 2011, the Central Government has reduced basic customs duties on crude from 5% to Nil, on petrol and diesel from 7.5% to 2.5% and on other petroleum products from 10% to 5%. Similarly, the basic excise du

Posted in Others | 4 comments | 3426 Views

Government Takes Necessary Action to Protect Markets while Keeping Close Watch on Global Developments

06 September 2011 at 18:03

The uncertainty in the global markets due to recent developments in United States of America (USA) and Eurozone has had some impact on major markets across the globe, including India. However, Indian markets were less affected as compared to some

Posted in Others | 2562 Views

Revised Schedule VI (shall be effective from 01.04.2011)

06 September 2011 at 15:53

General Circular No. 62/2011 F.No 17/244/2011-CL.V Government of India Ministry of Corporate Affairs 5th floor, ‘A’ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi Dated the 5th Sept, 2011 To, All Regional Directors All

Posted in Corporate Law | 7134 Views

Online incorporation of companies within 24 hours

06 September 2011 at 15:52

General Circular No. 61/2011 No 2/10/2011-CL.V Government of India Ministry of Corporate Affairs 5th floor, ‘A’ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi Dated the 5th Sept, 2011 To, All Regional Directors All Reg

Posted in Corporate Law | 1 comments | 4050 Views

Cases of corporate frauds are on the increase

05 September 2011 at 22:47

There is no verified information available to suggest that the cases of corporate frauds are on the increase. Number of prosecutions filed for the violations of the provisions of the Companies Act, 1956 for the last three years are as

Posted in Corporate Law | 3771 Views

Branch Expansion of Foreign Banks in India

03 September 2011 at 11:37

As on 29.8.2011, 38 foreign banks are functioning with 321 branches in India. Reserve Bank of India has givenfollowing approvals for opening maiden branch/branch expansion in India during 2010 and 2100:- Branch/Branch expansion in India du

Posted in Others | 1 comments | 8403 Views

FEMA Violations - Not to be prosecuted as a civil in nature

03 September 2011 at 11:37

The Foreign Exchange Management Act, 1999 is a civil act in nature as such there is no provision for launching the prosecutions. During the last three years i.e. 2009-10,2010-11 and 2011-12 (upto July 2011) , the Directorate of Enforcement has

Posted in Others | 7320 Views

Indian Growth Story to Remain Largely Intact

03 September 2011 at 11:37

The uncertainty in the global markets due to recent developments in United States of America (USA) and Euorzone have had some impact on capital markets in India. The economy, however, is basically domestic demand driven, as about 85 per cent of it

Posted in Others | 3738 Views

Legislation for Protection of Interest of Depositors

03 September 2011 at 11:36

The Reserve Bank of India (RBI) Act, 1934 provides adequate protection to small depositors in financial institutions. The interest of Depositors in financial establishments can be broadly divided into two segments (a) companies registered as Non-Ba

Posted in Others | 7017 Views

Government takes Various Steps to Curb Circulation of Fake Currency

03 September 2011 at 11:20

The steps taken by the Government to curb circulation of Fake Indian Currency Notes (FICN) in the country include stepping up of vigilance by the Border Security Force and Custom authorities to prevent smuggling of fake notes; dissemination of i

Posted in Others | 2 comments | 9444 Views