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Proposed Amendment of the Articles of Agreement of the International Monetary Fund on Reform of the Executive Board approved

   30 September 2011 at 15:02

The Union Cabinet today gave its approval to certain amendments to the IMF`s Articles of Agreement on Reform of the Executive Board of the IMF. The amendments are part of a package of reforms on quotas and governance in the IMF. Along with the rec

Posted in Others |   4215 Views


Registration of Certified Filing Centres (CFC)

   30 September 2011 at 14:38

Requests including from Professional Institutes have been received seeking re-opening the registration process of CFCs and allow enrolment of more CFCs so that the involvement of professionals in XBRL and peak filing can be expanded to a large exten

Posted in Corporate Law  2 comments |   5817 Views


ICWAI - President Communique for October, 2011

   30 September 2011 at 10:42

Action may not always bring happiness...but there is no happiness without action. - Benjamin Disraeli Dear Professional Colleagues, We are approaching the festive season, which brings joy to the millions of lives in our country. Celebrated in all

Posted in Others |   6147 Views


Finance Ministers Statement on 2G Note

   30 September 2011 at 10:00

The following is the text of the Finance Minister, Shri Pranab Mukherjees statement, made here today: A number of stories on 2G Spectrum had appeared in the media in January 2011. A view was taken that a harmonized note based on fact

Posted in Others  1 comments |   4539 Views


Procedure for electronic filing of Central Excise and Service Tax returns and for electronic payment of excise duty and service tax

   29 September 2011 at 17:17

Circular No. 956/17/2011-CX F.No. 201/10/2011-CX 6 Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi Dated, the 28th September,2011 To All Chief Commis

Posted in Excise  8 comments |   21879 Views


Attempt to defraud using fake bank guarantee-modus operandi

   28 September 2011 at 13:10

RBI/2011-12/206 DNBS(PD).CC. No.245 /03.10.42 /2011-12 September 27 , 2011 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Attempt to defraud using fake bank guarantee-modus operandi Instances of fraud have been bro

Posted in Others |   6339 Views


IRCS to Get benefits under Income Tax Act

   27 September 2011 at 17:08

The Union Health Minister and Chairman of Indian Red Cross Society and St John Ambulance (India), Shri Ghulam Nabi Azad today presided over the General Body meeting of the two organizations on behalf of the President of India Smt. Pratibha Devisingh

Posted in Income Tax |   7044 Views


Union Finance Minister's Address to BRICS

   23 September 2011 at 17:13

Following is the Text of the address delivered by Union Finance Minister Shri Pranab Mukherjee at the BRICS Finance Ministers Meeting in Washington DC, yesterday: “We are meeting here at the time when global economic growth seems to be losi

Posted in Others |   3801 Views


Returns to be submitted by NBFCs - Revised Formats

   23 September 2011 at 12:23

RBI/2011-12/195 DNBS(PD).CC. No.243/03.02.02/2011-12 September 22, 2011 All Non Banking Financial Companies (excluding RNBCs) Dear Sir, Returns to be submitted by NBFCs- Revised Formats In terms of extant instructions, NBFCs are required t

Posted in Others  1 comments |   14823 Views


Dr. M. Veerappa Moily Invites Suggestions from Corporate Sector for an Effective and Beneficial Competion Policy

   23 September 2011 at 12:23

Union Corporate Affairs Minister Dr. M. Veerappa Moily has asked the Corporate Sector in the country to send their relevant and issue specific suggestions during the current exercise of initiatives underway in drafting the new national competition p

Posted in Corporate Law |   4404 Views



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