Others - Corporate Law Reporter

How relevant is Union minister™s personal discomfort to a National Policy decision?

While according the Environmental Clearance to the Posco project, Union Environment Minister Jairam Ramesh added that he was deeply uncomfortable with the project because the original memorandum of understanding (MoU), which has now expired, had provisions for the export of iron ore. Mr Ramesh then declared that he now expects that the revised MoU between Posco… Read More

Show Cause Notice served on Anna Hazare, Withdrawn

The office of Charity Commissioner, Pune, has tendered an apology to social activist Anna Hazare and withdrew a 'showcause' notice served on him for not submitting the audit report of 'Hind Swaraj Trust' headed by him for two years between 2005 and 2007. In a letter addressed to Hazare, it said the notice was "wrongly… Read More

DSIDC to honour Schemes already issued

M/S United Cutlery Works vs. Delhi State Industrial Development Corporation Ltd. Brief Facts:- The Petitioner Company i.e. M/s United Cutlery Works (UCW) is a partnership firm. An advertisement issued by the DSIDC, the petitioner company submitted an application for allotment of an industrial plot of at Narela. It was relocation scheme that was floated to enable industrial… Read More

Hearsay Evidence is No Evidence

Whether Hearsay evidence: which is a statement based on information received from others is admissible. The legal reason for inadmissible of the Hearsay Evidence. Hearsay is information gathered by one person from another person concerning some event, condition, or thing of which the first person had no direct experience. When submitted as evidence, such statements… Read More

Minimum Fees to be charged by Chartered Accountants – Recommended

The Committee for Capacity Building of CA Firms and Small & Medium Practitioners, ICAI (CCBCAF & SMP) has taken a major initiative for prescribing the Minimum Recommended Scale of Fees for the professional assignments done by our members of ICAI. The recommendation is about the fee to be charged as per the work performed for… Read More

ICAI Students to appear for Exams again on the 17th May

An important announcement has come from ICAI for the students appearing for the Hindi medium papers which were cancelled, are to happen on the 17th May-2011. Due to some unavoidable reasons the examination of Group 1, Paper - 3 Law, Ethics and Communication of Professional Competence Examination and Group 1, Paper - 2 - Business Laws, Ethics… Read More

ICAI offers Certified course in Enterprise Risk Management

The Internal Audit Standards Board (IASB) of the Institute of Chartered Accountants of India (ICAI) has been constituted to reinforce the role of the Institute as a promoter and a source of knowledge relating to Internal Audit, this is with regard to the felt requirement of educating the members in the area of the Enterprise Risk Management and… Read More

Message by the President of ICWAI

President CommuniquÃ© May, 2011 To exist is to change, to change is to mature, to mature is to go on creating oneself endlessly. Patience is bitter but its fruit is sweet. - Anonymous Dear Professional Colleagues, It gives me immense pleasure to share with you the growth story of India which is gaining momentum and… Read More

2G scam : No One will be spared : SC

The Supreme Court Bench directed the IT department to submit the action taken report against tax evaders on May 13,the next date of hearing in case of 2G scam. A bench of justices G S Singhvi and A K Ganguly assured the petitioners that no person, irrespective of their chair and wealth, could get immunity… Read More

Compulsory attendance in Professional Development Programmes of ICSI

Compulsory Attendance of Professional Development Programmes by the Members The Council of the Institute at its 200th Meeting held on March 18, 2011 at New Delhi amended the Guidelines for Compulsory Attendance of Professional Development Programmes by the Members to provide as under:- Next block of three years April 01, 2011 to March 31, 2014… Read More

Legal Perspective of the Live-in Relationship

India is a country, which is slowly opening its doors for western ideas and lifestyles and one of the most crucial episodes amongst it, is the concept of Live-in relationships. Many has been said and debated on the concept of Live-in relationships in India. It is important to understand the said concept from legal view… Read More

FICCI to set up National Knowledge Functional Hub

FICCI has proposed setting up of National Knowledge Functional Hub (NKFH) to engage higher Educational Institutions with the industry to produce quality engineering graduates and meet increasing requirement of engineers.. FICCI Capital Goods Committee Chairman K Venkataramanan said recommended that each capital goods company can adopt two to three institutions in its vicinity for sustained interaction… Read More

Workshop on Knowledge of Disciplinary & Enquiry Procedures by Assocham

ASSOCHAM/HRD/2011; May 03, 2011 A Two-day Non-Residential Workshop on Knowledge of Disciplinary and Enquiry Procedures will be organised on the 13-14 May,2011 at ASSOCHAM House, 47 Prithviraj Road, (Opp: Safdarjung Tomb), New Delhi. In a day-to-day administration management is called upon to take disciplinary action against erring workmen found guilty of misconduct. However, experience shows that many a time on intervention of court that… Read More