CAclubindia News

Corporate Houses Found Involved in Various Scams During the Last Three Years

19 March 2012 at 17:46

Corporate Houses found to have prima facie violated provisions of the Indian Penal Code can be regarded as being ‘involved in scams’. As per investigation reports received in the Ministry, 21 Companies fall in this category. List of su

Posted in Corporate Law | 3318 Views

Setting Up of NCLT and NCLAT

19 March 2012 at 17:46

The Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT). Provisions have been incorporated in the Companies Bill, 2011 which has been introduced in the Lok Sabha on 14.12.2011. T

Posted in Corporate Law | 9834 Views

Failure in filing Balance Sheet or Annual Return : Companies Blacklisted

19 March 2012 at 17:46

As per general circular No. 33/2011 dated 01/06/2011, the Government has marked 1,55,394 companies as “Defaulting Companies” for failure to file Balance Sheet or Annual Return for any of the financial years, 2006-07, 2007-08, 2008-09 a

Posted in Corporate Law | 10308 Views

Delay in Implementation of IFRS

19 March 2012 at 17:46

Keeping in view the consultation held with various stakeholders on certain issues including tax related issues, it was decided to implement convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS) in a pha

Posted in Accounts | 3 comments | 21555 Views

ICSI welcomes the Union Budget for the year 2012-13

19 March 2012 at 16:20

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (ICSI) WELCOMES THE UNION BUDGET 2012-13

Posted in Community & General | 8907 Views

ICSI - Highlights of the Union Budget 2012-13

19 March 2012 at 16:17

ICSI - Highlights of the Union Budget 2012-13

Posted in Community & General | 2 comments | 13215 Views

Dip in Tax Revenue and Increased Subsidies hit Fiscal Balance Amendments Introduced to FRBM ACT

17 March 2012 at 13:04

The Union Finance Minister ShriPranab Mukherjeewhile presenting the Union Budget 2012-13 announced introduction of amendments to the Fiscal Responsibility and Budget Management Act, 2003 (FRBM Act). The two important features of this amendment in

Posted in Community & General | 4521 Views

Lumpsum Grant Under National Family Benefit Scheme Doubled

17 March 2012 at 13:04

In order to strengthen the social security and fulfill the needs of weaker sections, the Union Finance Minister ShriPranab Mukherjee announced a hike of 37 percent in the allocation for National Social Assistance Programme (NSAP) from Rs. 6,158 cr

Posted in Community & General | 7032 Views

Service Tax Exempted on Copyrights Relating to Recording of Cinematographic Films

17 March 2012 at 13:04

There is something to cheer about for the film industry in the Union Budget 2012-13. While presenting the Union Budget 2012-13 in LokSabha today, the Finance Minister ShriPranab Mukherjee said that the year 2012 marked the beginning of the Centena

Posted in Community & General | 9021 Views

Efforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand Retail Trade Up to 51%

17 March 2012 at 13:04

Government is making efforts to arrive at a broad based consensus in consultation with the State governments in respect of the decision to allow FDI in multi-brand retail trade up to 51%. The Union Finance Minister ShriPranab Mukherjee in his Bu

Posted in Community & General | 4320 Views