Others - Corporate Law Reporter

CFC scheme for CWAs for MCA

The Institute is in receipt of letter no. HQ/79/2006-Computerisation dated 27th September, 2011 from Ministry of Corporate Affairs intimating that they have accepted the request of three Institutes to re-open the registration process of Certified Filing Centres (CFCs) and allow enrolment of more CFCs so that the involvement of Professionals in XBRL and peak filing… Read More

Export incentives soon to be announced

Shri Anand Sharma the Union Minister of Commerce, Industry & Textiles today chaired the interaction with FIEO and all Export Promotion Councils and commodity Boards here today. Shri Sharma in his opening remark said, the purpose of today™s consultation is to conclude the process which DGFT & Commerce Secretary have been doing throughout the year… Read More

National Policy on Information Technology 2011 – released

Shri Kapil Sibal, the Minister of Communications and Information Technology released the Draft National Policy on Information Technology, 2011 here today. Speaking on the occasion, Shri Sibal said that Information Technology is a key driver of an increasingly knowledge based global economy, and given its current global position in the IT and ITES sector, India… Read More

Govt. to strengthen steps to curb circulation of Fake Indian Currency Notes

The steps taken by the Government to curb circulation of Fake Indian Currency Notes (FICN) in the country include stepping up of vigilance by the Border Security Force and Custom authorities to prevent smuggling of fake notes; dissemination of information on security features through print and electronic media and formation of Forged Note Vigilance Cells… Read More

CAG has been appointed the external auditor for 2 UN organisations- WIPO & IAEA

The Comptroller and Auditor General of India (CAG) has been appointed as the external auditor of two major UN organizations - the International Atomic Energy Agency (IAEA), Vienna and World Intellectual Property Organization (WIPO), Geneva. Both these organizations have traditionally been the stronghold of the developed world and it is for the first time that… Read More

NBMSME focuses on National Manufacturing Competitiveness Programme

The 9th Meeting of the National Board for Micro, Small and Medium Enterprises (NBMSME) was held here today under the Chairmanship of Shri Virbhadra Singh, Minister, of Micro, Small and Medium Enterprises. The meeting discussed various aspects of the Micro, Small and Medium Enterprises (MSME) Sector with special focus on National Manufacturing Competitiveness Programme (NMCP).… Read More

Multinational accounting companies violating the CA Act – ICAI

Apex chartered accountants body ICAI has accused multinational accounting companies of violating the CA Act and asked for joint action by agencies, including the RBI and the Corporate Affairs Ministry, to enforce compliance. "The (ICAI) Council shall request the Ministry of Corporate Affairs, Reserve Bank of India and other relevant Ministries/Departments of Government of India… Read More

No limits on FDI’s in Construction Industry for Educational Institution, Old age homes- soon to be announced

The Union Minister of Commerce, Industry and Textiles, Shri Anand Sharma has announced that the Government has decided to remove limitations of compulsory lock-in-period, minimum build up area for FDI in the construction industry for old age homes and all educational institutions with immediate effect. There is a huge deficit of educational infrastructure in the… Read More

Money transfer solutions with India Post joining hands with MoneyGram International

India Post, the largest distribution postal network in the world, and the MoneyGram International, the fastest growing global money transfer company joined hands today to offer convenient money transfer solutions to Indians. Shri Kapil Sibal, the Union Minister of Communications and Information Technology commenced the scheme by conducting a remittance transaction through the MoneyGram service… Read More

ICSI- Campus Placement for Fresher Members & Students on 1/10

The Institute is organizing a Campus Placement for the fresher members for job and for students for 15 Months Training on Saturday, the 1st October 2011 at ICSI-NOIDA, C-37, Sector 62, NOIDA. The following process will be followed: 1. Name of the participating companies will be announced at the Campus. 2. Members admitted on or… Read More

Clarification of Dishonour of electronic funds transfer for insufficiency of funds in the bank account

DOC/2011-12/191 DPSS. CO.PD.No.497/02.12.004/2011-12 September 21, 2011 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Dear Sir/Madam, Dishonour of electronic funds transfer for insufficiency of funds in the bank account clarification As you may be aware… Read More

Commerce minister pushes for free movement of professionals between India and US

Shri Anand Sharma Commerce, Industry and Textiles Minister of India along with Shri Pranab Mukherjee, Finance Minister and Deputy Chairman, Planning Commission led the Government of India delegation to the India-U.S. CEO Forum meeting in Washington D.C. on September 22, 2011. The Forum comprises top CEOs from both sides and is co-chaired by Ratan Tata… Read More

Government has Decided to Lift the Ban on the Export of Onions

The Government has decided to lift the ban on the export of onions. Onions can now be exported subject to a Minimum Export Price (MEP) of US$ 475 per tonne. This is exactly the position that was prevailing on 8th September 2011, immediately before the ban on the export of onions was imposed on 9th… Read More