CAclubindia News

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

ICAI e-Journal (December 2012)

30 November 2012 at 17:27

ICAI e-Journal (December 2012)

Posted in Students | 6 comments | 23850 Views

ICAI- President's Message - December 2012

30 November 2012 at 16:35

To begin with, let me first convey, on behalf of our accounting fraternity, heartiest congratulations to the Hon’ble Shri Sachin Pilot for taking over as new Union Minister of Corporate Affairs (Independent Charge).

Posted in Others | 6345 Views

Exposure Draft of Amendments to Indian Accounting Standard (Ind AS) 101, First-time Adoption of Indian Accounting Standards (Comments to be received by December 15, 2012)

30 November 2012 at 12:22

Exposure Draft of Amendments to Indian Accounting Standard (Ind AS) 101, First-time Adoption of Indian Accounting Standards (Comments to be received by December 15, 2012)

Posted in Accounts | 8976 Views