CAclubindia News

Early Warning System introduced by MCA

09 December 2011 at 11:48

Early Warning System The Ministry of Corporate Affairs introduced an ‘Early Warning System” (EWS) in 2009 based on certain financial and non-financial indictors to ensure, as far as possible, that there is no recurrence of cases simila

Posted in Corporate Law | 7962 Views

Updating of Income Tax PAN details in MCA21 DIN DATA

09 December 2011 at 11:48

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS ATTENTION: All DIRECTORS of ANY COMPANY Updating of Income Tax PAN Details in MCA21 DIN DATA General Circular No: 32/2011 dated 31/05/2011 read with 66/2011 Dated 4/10/2011, Ministry of Corpora

Posted in Corporate Law | 2 comments | 13335 Views

Stringent penal provisions for action against vanishing companies, prevention of frauds

08 December 2011 at 22:30

The Companies Act, 1956, which is proposed to be repealed by the Companies Bill, 2011, provides for more stringent penal provisions for action against vanishing companies, prevention of frauds etc. An expert group under the chairmanship of Dr. J

Posted in Corporate Law | 5130 Views

Committee constituted to suggest amendments in the Competition Act, 2002

08 December 2011 at 22:30

The Government has constituted a Committee inter-alia to suggest amendments in the Competition Act, 2002 to fine tune it. The work of the Committee is in progress. There is no proposal presently under the consideration of the Government to empow

Posted in Corporate Law | 7614 Views

Performance of Competition Commission of India

08 December 2011 at 22:30

Competition Commission of India has been established with the objective to eliminate practice having adverse effect on competition, promote and sustain competition, protect the interest of consumers and ensure freedom of trade carried on or by oth

Posted in Corporate Law | 3339 Views

New Law for Societies Registration Act

08 December 2011 at 22:30

Non-corporate business entities and Societies are governed by the Law under which they are registered or incorporate. Each such law has suitable provisions concerning disclosure and accountability etc. The Societies Registration Act, 1860 throug

Posted in Corporate Law | 3762 Views

CAG of India Takes Over as Chairman of UN Panel of External Auditors

08 December 2011 at 16:31

Comptroller & Auditor General of India (CAG), Shri Vinod Rai has been elected as the Chairman of the Panel of External Auditors of the United Nations, the Specialized Agencies and the International Atomic Energy Agency. He succeeds Mr.Norbert Ha

Posted in Audit | 6438 Views

Severe Punishment Awarded to Two of The Satyam Audit Team Members by ICAI

08 December 2011 at 10:32

The Disciplinary Committee of The Institute of Chartered Accountants of India(ICAI) has completed its enquiry in the matter of two of the employee Chartered Accountants, namely, CA. Pulavarthi Siva Prasad for the period 1.4.2001 -31.3.2005 and CA.

Posted in Community & General | 10251 Views

e-Filing in F.Y 2011-12: Quick Statistics (as on 30th November 2011)

08 December 2011 at 10:22

QUICK HIGHLIGHTS OF E-FILING IN F.Y. 2011-12 (UPTO 30/11/2011) COMPARATIVE GROWTH OF E-FILING IN CURRENT YEAR FORM WISE RECEIPT OF E-RETURNS UPTO 30th NOVEMBER S.N.

Posted in Income Tax | 2 comments | 6021 Views

Icai proposes upgrades for accounting norms

08 December 2011 at 10:15

The Icai has sought comments from the public on an exposure draft by 20 December With the ministry of corporate affairs (MCA) not moving ahead on implementing global accounting standards in India, the country’s apex accounting body is prop

Posted in Accounts | 6786 Views