LLP Act,2008

LLP Bill receives accent of Hon’ble President will be known as LLP Act,2008 from onwards. Bookmark It  Read More →

Commercial Vehicles @50% Depreciation

Commercial Vehicles Aquired and put to use from 1st January 2009 to 31st March 2009 will be eligible foe 50% Depreciation Bookmark It  Read More →

Failure to remit tax will invite prosecution

The Income Tax department on Thursday said that any failure to remit the tax would attract serious consequences including prosecution. The stipulated dates in respect of tax deducted to be remitted... Read more

Companies will not be allowed to get away by just paying fines

Concerned over the increasing instances of financial wrongdoings by corporate, the government on Sunday said those who are guilty would not be let off just by payment of some fine. “We are... Read more

Satyam’s Directors banned from becoming directors in any other company

The government has approached the Company Law Board (CLB) with a request that all former directors of scam-hit Satyam Computers should be banned from becoming directors in other companies in India. “One... Read more

Satyam’s board had violated Section 372A of the Companies Act

The RoC’s findings ― which it said will be made final after all documents are made available ― suggest that in approving the acquisition of 100 per cent in Maytas Properties and 51 per cent in... Read more

Use of Key Words in the Proposed Names of companies and Minimum Authorized Share Capital Required

The minimum authorized capital for Private Limited Company - Rs.1,00,000/-For Public Limited Company -Rs.5,00,000/- For the use of some key words as part of name, the minimum authorized capital is given... Read more

Heat rises on PwC over Satyam’s $1bn of fictious deposits

New questions were raised about the relationship between Satyam, the Indian outsourcer, and PricewaterhouseCoopers (PwC) yesterday as the first statements collected from senior executives by the police... Read more

Investors raise questions over PwC Satyam audit

Rhys Blakely in Mumbai Furious Indian investors are demanding to know how PricewaterhouseCoopers (PwC), one of the world’s largest accountancy firms, missed a systematic £1 billion fraud at Satyam,... Read more

Satyam ex-CFO blames Raju, auditors (PWC) for scandal

The chief financial officer of India’s Satyam Computer Services has blamed the former chairman, B. Ramalinga Raju, and internal and external auditors for financial fraud at the company, according... Read more

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