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ICAI welcomes the Economic Survey 2011-12
20 March 2012 at 12:45Economic Survey 2011-12 The ICAI welcomes the Economic Survey 2011-12 highlighting the thrust and focus areas of the requiring policy level impetus. The Service Sector like past few years has emerged as the largest contributor to share in the GD
Request to share contact details of ICAI Members in Entrepreneurship and Public Services
20 March 2012 at 12:45The ICAI proudly acknowledges professional achievements of its members in Entrepreneurship and Public Service. ICAI has a special committee, the “Committee for Members in Entrepreneurship & Public Services” to recognize their contr
CBEC Clarifies on Levy of Excise Duty on Precious Metal Jewellery
20 March 2012 at 12:45Press reports after the presentation of the budget on 16.03.2012 indicate that the full import of the provisions contained in the legislation related to the levy of excise duty of 1% on precious metal jewellery are not clear to the trade. In the
Corporate Houses Found Involved in Various Scams During the Last Three Years
19 March 2012 at 17:46Corporate 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
Setting Up of NCLT and NCLAT
19 March 2012 at 17:46The 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
Failure in filing Balance Sheet or Annual Return : Companies Blacklisted
19 March 2012 at 17:46As 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
Delay in Implementation of IFRS
19 March 2012 at 17:46Keeping 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
ICSI welcomes the Union Budget for the year 2012-13
19 March 2012 at 16:20THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (ICSI) WELCOMES THE UNION BUDGET 2012-13
ICSI - Highlights of the Union Budget 2012-13
19 March 2012 at 16:17ICSI - Highlights of the Union Budget 2012-13
Dip in Tax Revenue and Increased Subsidies hit Fiscal Balance Amendments Introduced to FRBM ACT
17 March 2012 at 13:04The 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
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