Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs)

RBI/2010-11/587; Circular No.75; June 30, 2011 All Category - I Authorised Dealer Banks Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs) Attention of Authorised Dealer Category I (AD Category I) banks is invited to the A.P. (DIR Series) Circular No. 39 dated December 08, 2008, A.P. (DIR Series) Circular No. 65 dated April 28,… Read More

Canadian Chartered Accountants can now apply for ICAI Membership

All the interested members of the Canadian Institute of Chartered Accountants can now apply for ICAI Membership under the terms of the MoU executed between ICAI and CICA,  in the prescribed format after 25th July 2011. The expected date of 1st examination being organized by ICAI for CICA members is January 2012. Read More

India-Malaysia Economic Cooperation Agreement comes in effect by 1st July, 2011

India-Malaysia CECA is India™s fourth bilateral Comprehensive Economic Cooperation Agreement, after Singapore, South Korea and Japan. Aiming for liberalisation of trade in goods, trade in services, investments and other areas of economic cooperation. It is expected that the implementation of this agreement will boost bilateral trade to US$15 billion by 2015. The CECA will create an… Read More

Review of Internet Based Trading and Securities trading using Wireless Technology

CIR/MRD/DP/ 8 /2011 June 30, 2011 All Stock Exchanges Sub: Review of Internet Based Trading (IBT) and Securities trading using Wireless Technology (STWT) 1. Further to the SEBI circular no SMDRP/POLICY/CIR-06/2000 dated January 31, 2000 on Internet Based Trading and SEBI circular no CIR/MRD/DP/25/2010 dated August 27, 2010 on Securities Trading using Wireless Technology, it… Read More

Becoming Chartered Accountant becomes easier

The Institute of Chartered Accountants of India (ICAI) is planning to allow students who have studied vocational courses or completed 12 years of basic education to appear in the Common Proficiency Test (CPT), an entrance exam to pursue Chartered Accountancy. Currently only those students who have passed Class 12 with regular academic programmes are eligible… Read More

Tags: chartered accountantICAI

Video conference mandatory for AGM from next fiscal – MCA

The Ministry of Corporate Affairs on Thursday said it would be mandatory for listed companies to provide the option of video conferencing for shareholders to participate in the annual general meeting from next fiscal. In respect of shareholders' meetings to be held during 2011-12, the video conferencing facility for shareholders is optional. Thereafter, it is… Read More

Registration Of Lawyers For Service Tax Stayed By Madras High Court

The Revenue Bar Association, Madras, filed a Writ Petition in the Madras High Court challenging the validity of levy of service-tax on legal consultancy services. The Court has passed an order of interim injunction dated 24.06.2011 restraining the Ministry of Finance from compelling the members of the Petitioner from registering themselves with the service tax authorities and collecting… Read More

Amendment in the Service Tax Point of Taxation rules

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) New Delhi, the 27th June, 2011 Notification No. 41/2011 Service Tax G.S.R. (E).- In exercise of the powers conferred by clause (a) and clause (hhh) of  sub-section (2) of section 94 of… Read More

Customs notified Exchange rates for July, 2011

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No.41/2011-Customs (N.T.) 28th June, 2011 7 Asadha, 1933 (SAKA) S.O.       (E). In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of… Read More

French FM Christine Lagaarde gets selected for the post of MD for IMF

The Union Finance Minister Shri Pranab Mukherjee has conveyed his felicitations and good wishes to French Finance Minister Ms. Christine Lagaarde on her selection by consensus as Managing Director of the International Monetary Fund (IMF). In a letter to French Finance Minister Ms. Lagaarde, the Union Finance Minister Shri Mukherjee said that this reflects the… Read More

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