Category - Others

Highlights of Railway Budget for 2016-17

Following are highlights of the Railway Budget for 2016-17 (Apr-Mar), presented by Railway Minister Suresh Prabhu in Parliament today: GENERAL * Budget reflects aspirations of the entire railway family * Rail Budget reflects aspiration of all * Core objective is to improve individual experience * Rail Budget is the vision of PM Modi * Making… Read More

ICSI Playing a Pivotal Role in ‘Make In India’ Week in Mumbai

The Government of India's mega event 'Make in India' in Mumbai from 13-18 February, 2016 at the MMRDA Grounds, Bandra-Kurla Complex, Mumbai has been inaugurated by the gracious and respectful hands of Sri Narendraji Modi, the Hon'ble Prime Minister of India, in the august presence of Shri CH. Vidyasagar Rao, Governor of Maharashtra, Shri DevendraFadnavis,… Read More

Mobile Internet can be banned under S. 144 CrPC, says Supreme Court: 11 Feb 2016

The Supreme Court today dismissed an appeal challenging a judgment of the Gujarat High Court which had upheld the ban on mobile internet under S.144 of Code of Criminal Procedure. A Bench of Chief Justice TS Thakur and R Banumathi J. remarked that there can be such ban for law and order. Advocate Apar Gupta, one of… Read More

Guidance Note on Accounting for Depreciation in companies in the context of Schedule II to the Companies Act, 2013

Accounting for depreciation is generally a significant matter for the purpose of true and fair determination of the operating results of a company as reflected in its statement of profit and loss as well as its financial position as depicted in its balance sheet. Though Accounting Standard (AS) 6, Depreciation Accounting has already been issued… Read More

Consolidation of Financials under IFRS

Consolidation of Financials under IFRS ======================================================= Introduction Under Globalised scenario, the boundaries of the business crossed the beyond from one county to many countries during the last two decades, at the same time business risk is also increased the same level for the companies and their investor. As a investor or stake holder of an… Read More

ICAI President’s Message – February 2016

Dear Friends, I started my journey in the active service of profession in the year 1991 as an office bearer of Indore Branch of CIRC of ICAI. I am happy that after 24 years, the profession gave me the opportunity to serve as the 63rd President of the ICAI, in the year 2015. Earlier, I… Read More

Full Day Seminar on FEMA Regulations & Foreign Investments Masterclass on 29th Jan, 2016 in Gurgaon

In the light of economic reforms and the liberalised business scenario in the country, the Foreign Exchange Management Act (FEMA) was introduced in India in 1999 which emerged as an investor friendly legislation. This act relaxed foreign exchange restrictions resulting in significant flow of investments into India over the years making it one of the… Read More

Full Day Seminar on FEMA Regulations & Foreign Investments Masterclass on 29th Jan, 2016 in Gurgaon

In the light of economic reforms and the liberalised business scenario in the country, the Foreign Exchange Management Act (FEMA) was introduced in India in 1999 which emerged as an investor friendly legislation. This act relaxed foreign exchange restrictions resulting in significant flow of investments into India over the years making it one of the… Read More

Frequently Asked Questions(FAQs) on SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Frequently Asked Questions January 19, 2016 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Disclaimer: Based on queries/ comments received from market participants, these FAQs have been prepared to provide guidance on the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulations", "Listing Regulations", "LR") and circulars issued there under. For full… Read More

Internet Marketing Strategies That Bring You Traffic And Profits

Yet no sales. If no other person is selling something is actually probably a very good reason why. Can rather acquire a small joint of a huge pie and even entire empty pie plate? Advertising is another ways to Make Money Online. But here, I'm not much of going request you write an advertisement to… Read More

Interpretation of term Place of Removal by Supreme Court

Hon. Supreme Court in the case of Commissioner of Customs & Central Excise v. Ispat Industries Ltd. (2015) 62 taxmann.com 97 (SC) has held that a Place of removal can only be the premises of a manufacturer. As per Sec. 4 of Central Excise Act, 1944 and Rule 2 (qa) of CCR, 2004 "place of… Read More

THE NEGOTIABLE INSTRUMENTS ACT ORDINANCE, 2015

The Negotiable Instruments Act Ordinance, 2015 is passed by the President on immediate basis whereas it has been passed by the Lok Sabha and is pending in the Rajya Sabha as the parliament is not yet in session. The basic reason as to why this amendment is brought in is to resolve/clarify the jurisdiction issues… Read More

Tags: AmendmentNegotiable Instrumentsection 138section 142

Shut law colleges which lack infra : CJI to BCI

Chief Justice of India T S Thakur today asked the Bar Council of India (BCI), the apex body of lawyers, to crack the whip on law colleges which lack appropriate infrastructure by shutting them down. "There are law colleges where you may not have faculty, no library or where attendance will not be marked. I… Read More

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