CAclubindia News

Announcement for Financial Assistance from Chartered Accountants Students Benevolent Fund

06 December 2012 at 11:58

THE CHARTERED ACCOUNTANTS STUDENTS BENEVOLENT FUND (CASBF) The Board of Trustees of The Chartered Accountants Students Benevolent Fund have decided to grant financial assistance to 200 students (who are currently undergo

Posted in Students | 4 comments | 15411 Views

Independent Regulator for Auditors

05 December 2012 at 12:10

The Parliamentary Standing Committee on Finance which examined the Companies Bill, 2009 and the Companies Bill, 2011 had recommended that the National Advisory Committee on Accounting and Auditing Standards (NACAAS), proposed in the Companies Bill

Posted in Corporate Law | 1 comments | 13410 Views

CWA - President Communique for December, 2012

03 December 2012 at 15:51

We, the Cost and Management Accountants, also need to Invest to serve the community. But there is a difference between the investment of a businessman and a professional Accountant.

Posted in Others | 6 comments | 9495 Views

Notification on Rule 56 of I.T. Rules, 1962

03 December 2012 at 11:55

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART–II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th November, 2012. (

Posted in Income Tax | 14973 Views

Keeping the Accounting Standards in Tune with the Times

01 December 2012 at 10:53

Government has said that the examination of various rules and Accounting Standards under the Companies Act, 1956 is an ongoing process. Giving this information in written reply to a question in the Lok Sabha Shri Sachin Pilot, Minister of Corporat

Posted in Accounts | 14463 Views

Protecting the Interests of Small Investors

01 December 2012 at 10:52

The Ministry of Corporate Affairs has received complaints against 3, 65 and 19 companies during 2010-11, 2011-12 and 2012-13 (up to 31-10-2012) respectively which are doing business of money circulation schemes with the promise of giving high retu

Posted in Corporate Law | 2 comments | 6813 Views

Investigations by Serious Fraud Investigation Office

01 December 2012 at 10:52

Government has said that the Ponzi and Multi-Level Marketing (MLM) schemes fall within the purview of ‘Money Circulation’ which is an offence under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. That Act is administ

Posted in Corporate Law | 1 comments | 8130 Views

Regulatory Harmony in the Companies Bill, 2011

01 December 2012 at 10:52

The suggestions made by Securities and Exchange Board of India (SEBI), through Ministry of Finance, during drafting of the Companies Bill, 2011, with regard to issues relating to regulatory harmony, were duly considered and incorporated therein. G

Posted in Corporate Law | 5787 Views

Growth Rate below our Expectations: Says Finance Ministry

01 December 2012 at 10:51

The Ministry of Finance has issued the following statement regarding the estimates released today by the Central Statistics Office (CSO) for the second quarter of GDP for 2012-13 today: Central Statistics Office (CSO) released the estimates for

Posted in Others | 4134 Views

Strengthening of Laws on Capital Gains in India

01 December 2012 at 10:51

The Insurance Regulatory and Development Authority (IRDA) has informed that in India, foreign companies can only form joint ventures with Indian companies. The list of the approved private life insurance companies operating in India and details of

Posted in Others | 6087 Views