RBI- Issue of equity shares under FDI Scheme allowed under Government route
RBI/2010-11/586; Circular No.74; June 30, 2011 All Authorised Dealer Category-I Banks Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI Scheme allowed under the Government route Attention of Authorised Dealers Category I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a… Read More
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
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
How to make payment in MCA through NEFT
User Guide on Paying MCA21 Fees Via NEFT Introduction: Currently MCA21 payments are allowed via Credit Card, Internet Banking & Physical Challan. The Ministry has authorized 5 banks (Indian Bank, HDFC, ICICI, PNB and SBI) for collection of MCA21 fees, which means that only the account holders of these banks can avail Internet banking facility. Further, payment via… Read More
ICAI to commence certified course on Forex and Treasury management at Delhi
A certified course on Forex and Treasury managment will be conducted from 16th July, 2011 at the Delhi centre. The members of ICAI are eligible for this course wherein the fees for the course is Rs. 25000 payable through D.D./Pay Order drawn in the favour of "The Secretary, The Institute of Chartered Accountants of India", payable at New… Read More
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