CAclubindia News


CBEC Clarifies on Levy of Excise Duty on Precious Metal Jewellery

   20 March 2012 at 12:45

Press 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

Posted in Excise  1 comments |   15378 Views


Setting Up of NCLT and NCLAT

   19 March 2012 at 17:46

The 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

Posted in Corporate Law |   9792 Views


Failure in filing Balance Sheet or Annual Return : Companies Blacklisted

   19 March 2012 at 17:46

As 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

Posted in Corporate Law |   10287 Views


Delay in Implementation of IFRS

   19 March 2012 at 17:46

Keeping 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

Posted in Accounts  3 comments |   21498 Views


Corporate Houses Found Involved in Various Scams During the Last Three Years

   19 March 2012 at 17:46

Corporate 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

Posted in Corporate Law |   3294 Views


ICSI welcomes the Union Budget for the year 2012-13

   19 March 2012 at 16:20

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (ICSI) WELCOMES THE UNION BUDGET 2012-13

Posted in Community & General |   8841 Views


ICSI - Highlights of the Union Budget 2012-13

   19 March 2012 at 16:17

ICSI - Highlights of the Union Budget 2012-13

Posted in Community & General  2 comments |   13137 Views


Budget Aims at Creating Enabling Atmosphere for All Sections

   17 March 2012 at 13:05

Baggage Allowance Increased in the Budget Presenting the Union Budget 2012-13 in the LokSabha today, the Union Finance Minister ShriPranab Mukherjee has proposed to increase the duty-free baggage allowance for eligible passengers of Indian origi

Posted in Community & General |   5619 Views


Efforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand Retail Trade Up to 51%

   17 March 2012 at 13:04

Government 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

Posted in Community & General |   4254 Views


Service Tax Exempted on Copyrights Relating to Recording of Cinematographic Films

   17 March 2012 at 13:04

There 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

Posted in Community & General |   8994 Views



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