CAclubindia News
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
Lumpsum Grant Under National Family Benefit Scheme Doubled
17 March 2012 at 13:04In 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
Service Tax Exempted on Copyrights Relating to Recording of Cinematographic Films
17 March 2012 at 13:04There 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
Efforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand Retail Trade Up to 51%
17 March 2012 at 13:04Government 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
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