Ceiling On Signing Annual Returns by CS

Ceiling On Signing Annual Returns 
CEILING ON NUMBER OF COMPANIES OF WHICH MEMBERS IN PRACTICE CAN SIGN ANNUAL RETURN
The Council of the Institute of Company Secretaries of India, in exercise of powers under Clause (2) of Part II of the Second Schedule to the Company Secretaries Act, 1980 has issued a Notification No. 1002:28:DR dated 11th August, 1989 which is reproduced herein below: 

"No. 1002/28/DR:- In exercise of the powers conferred by Clause (2) of Part II of the Second Schedule to the Company Secretaries Act, 1980 (Act No. 56 of 1980), the Council of the Institute of Company Secretaries of India hereby specifies that a member of the Institute in practice who is entitled to sign an Annual Return pursuant to the proviso to sub-section (1) of section 161 of the Companies Act, 1956 (1 of 1956) shall be deemed to be guilty of professional misconduct if he signs Annual Returns of more than thirty companies whose shares are listed on a recognized stock exchange, in a calendar year commencing from 1st January, 1989" 

Provided, however, in the case of a firm of Company Secretaries, the ceiling of thirty companies aforesaid would apply to each partner therein who is entitled to sign the annual return in terms of the proviso to sub-section (1) of section 161 of the Companies Act, 1956. 

This becomes operative for any annual return to be signed on or after 1st October, 1989.
By Order of the Council, 

T.P. SUBBARAMAN 
Secretary

Vacancy for ACCA/CA in Siemens Pakistan

Controller Projects

Jobs Detail

- CA / ACCA / MBA or equivalent with good knowledge and understanding of Project management.
- 10 years experience, with a minimum of 3 to 5 years in project controlling.
- Keen analytical, leadership and problem solving skills.
- Strong interpersonal & communication skills.

Expression of interest for Chartered accountants for Maintenance of Books of accounts of IIM

Indian Institute Of Management Ranchi
Last Date : 30/04/2012
Expression of interest for Chartered accountants for Maintenance of Books of accounts of IIM

Address: Suchna Bhawan,Audrey House Campus,Meurs Road,Ranchi-834008,Jharkhand
Phone: 0651-2280083,2280083
Email: infoiimr@iimranchi.in

Vacancy for CA in Competition Commision of India

Employer Name:	Competition Commission of India
Employer Address:	Human Resource Division, Competition Commission of India, Hindustan Times House, 18-20, Kasturba Gandhi Marg, New Delhi – 110 001.
Email:	NA

Vacancy for CMA in Accenture

Education (UG - B.Com, B.B.A) AND (PG - CA, ICWA, MBAPGDM) Please refer to the Job description above &bull Assigned and accountable for Cost Accounting Functional areas of responsibility deliverables &bull Responding to Costing specific queries, resolving issues in the daily business activities &bull Seeking

Vacancy for CS in GE

click here to apply

MOC OF 3.56 CRORE AT SBI BRANCH IN MP

As long as the member didn't specifically give out the name of the SBI branch, I don't think he breached the terms of confidentiality with the bank branch. The member concerned clearly feels on top of the world having gotten seemingly good advances of Rs 3.56 crores declared NPAs. I do believe a great deal of pressure must have been brought to bear upon him.

Vacancy for CA in EURO RSCG India

EURO RSCG India is looking for this position of Manager - Finance & Accounts.

Location is Parel

Do revert me with your level of interest.  Kindly mail me your updated cv alongwith ur current ctc.

Thanks & Regards,

Preeti Shetty

Submit your resume Email : ac@factjobs.com

Sub-Regional Conference on 28th April 2012 at Lucknow

   Dear Members,

As your are aware that the Lucknow Branch of CIRC of ICAI is holding Sub-Regional Conference on Service Tax at Lucknow Branch premises on 28th April 2012 (Saturday). Mr. V.S.Datey, an eminent Speaker & author of books on Indirect Taxes and Corporate Laws and Ca Kapil Vaish also a well known name in the field of Indirect Taxes shall  be the learned speakers in the conference.

Technical Sessions will be chaired by CA. Dharmendra Kumar.

This is 6 Hr CPE program with advance fees of Rs 500/- by 4.00 clock up to 27th April 2012. and on Spot registration for  Rs 600/-

You may register in advance with any management committee member or at the branch or  register at http://lucknowicai.com/Registration.aspx.

Members are also requested to please post their queries related to  topics at  shashankmishraca@gmail.com,so that the same may be sent in advance to the Ld Speakers.

CA. Rajeev Sharma
Chairman
Lucknow Branch of CIRC of ICAI
Mobile No. 9935553033

10 Consequences of Non compliance with TDS provisions

10 Consequences of Non compliance with TDS provisions


Non compliance with TDS provisions can result in :

1. Disallowance u/s. 40(a) (ia) of Income Tax Act, 1961 (Act).

2. Raising of demand u/s. 201(1) of the Act.

3. Charging of Interest u/s. 201(1A) of the Act.

4. Levying penalty u/s. 271C of the Act upto the amount of tax in default –

5. Levying of penalty u/s. 221 of the Act for non payment of demand raised.

6. Prosecution u/s.276B of the Act involving rigorous imprisonment upto 7 years with fine.

7. Penalty u/s. 271BB of the Act for failure to apply for TAN or non-quoting thereof.

8. Penalty u/s. 272A (2)(k) of the Act for non filing of TDS returns.

9. Fee U/s 234E for late filing of TDS Statement:

10. Penalty u/s. 271H  for late filing or non- filing TDS statement

Central India Regional Council of ICAI (Chartered Accountant), Swami Ramdev

TAXED INDIA TAKES ON THE WORLD

TAXED INDIA TAKES ON THE WORLDIndia is bracing itself for another major row against a global tax rule to ensure it gets a fair share of the tax pie, even as the dust it yet to settle over its tax dispute with British mobile giant Vodafone. Last month, the government shot off a missive to the United Nations saying it cannot be forced to accept transfer-pricing rules of the Organisation for Economic Cooperation and Development

ECB for Civil Aviation Sector (RBI Circular 24.4.2012)

EXTERNAL COMMERCIAL BORROWINGS (ECB) FOR CIVIL AVIATION SECTOR

A.P. (DIR SERIES 2011-12) CIRCULAR NO. 113, DATED 24-4-2012

Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB, dated May 3, 2000 and A.P. (DIR Series) Circular No. 5, dated August 1, 2005, as amended from time to time, relating to External Commercial Borrowings.

2. As per the extant guidelines, availing of ECB for working capital is not

Tainted HK Sharan Rejected For Ombudsman in CBEC

Readers might recall that several months ago, prestigious newspaper Hindu had carried articles on the move to appoint ombudsmen by CBEC. They were to have sweeping powers.

Subsequently, Supreme Court Lawyer Prashant Bhushan (Anna Hazare Team Member) wrote to PM that tainted persons should not be appointed for such a new initiative.
Despite charges of corruption and serious financial irregularities, he managed to get a clean chit from his own Vigilance Directorate, as some of the complaints later said that though signatures appeared to be theirs, the complaints were not signed by them. Without going into facts, these were then closed as being pseudomonas.

What sank his candidature was the LLB Degree that he obtained from Calcutta University while remaining posted in Delhi during those years. It can not be a distance course or correspondence course where 75% attendance where 75% attendance is mandatory.

The ADG (Vigilance) of Calcutta then confirmed that the Degree had been obtained fraudulently.

Govt. realised that it would be open to embarrassment if it had to defend such "enterprising" and "creative artists" like Mr. Sharan, and after keeping the matter in limbo for several months, it approved the other 3 names but rejected his candidature.

For the other three, whose candidature could not go through because of the 4th, moral of the story is : Don't keep bad company.

Will Barrister HK Sharan now move Supreme Court to argue his case ?

ADMISSIONS OPENED FOR FIA ACCA (Evening Batch) in KnS Institute (Bahadurbad)

ADMISSIONS OPENED FOR FIA ACCA (Evening Batch) in KnS Institute (Bahadurbad)

JULY 2012 ATTEMPT

21 companies rating becomes negative

State Bank of India, ICICI Bank, HDFC, NTPC, SAIL, TCS, Infosys, Wipro and IIFCL are among the companies whose rating outlook has been slashed to negative from stable by S&P
New Delhi: Standard & Poor’s on Wednesday downgraded the rating outlook of as many as 21 entities spanning across top banks, software exporters and public sector undertakings following the agency’s revision of country’s sovereign outlook, reports PTI.

Upcoming IPOs

1. Upcoming IPO - Samvardhana Motherson Finance Ltd
SMFL is entering in the capital markets with an initial public offering, IPO of Rs 1413 Crore.
Incorporated in 2004,Samvardhana Motherson Finance Limited (SMFL) is a multinational business with manufacturing and design capabilities providing full system solutions to diverse industries. SMFL provides an end-to-end range of design and manufacturing solutions to the automotive customers, including product concept and product design, engineering, manufacturing, sub-assembly and the production of integrated modules.
The issue opens on May 02, 2012 and closes for subscription on May 04, 2012. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
2. Tribhovandas Bhimji Zaveri Ltd IPO subscribed 0.20 times on Day 2. Issue will close on Apr 26, 2012.

Request for Expression of interest for selection of Audit firm for special audit of ITI expenditure in state of maharashtra.

Ministry Of Labour And Employment
Last Date : 30/04/2012
Request for Expression of interest for selection of Audit firm for special audit of ITI expenditure in state of maharashtra.

Address: Multi Location - Maharashtra - India
Phone:
Email:

Vacancy for CA in Bank of America

Vice President, Senior Audit Consultant, Corporate Audit : MUM02121

Mumbai, India

Overview Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. Responsibilities Plan and execute a risk based audit strategy and Audit plan for complex Global Markets products. ·          Independently execute assigned audit activities in complex products (e.g. Derivatives) ·          Responsible for Audit issue management overall ·          SOX engagement– concurrent reviews and hands on engagement  ·          Utilize sound, seasoned analytical skills with product, business, and technical expertise to execute assigned responsibilities in an impactful manner ·          Real time Audit and Business engagement with ability to influence management on Audit Issues, Audit Ratings and Sufficiency of correctives actions by exercising strong judgment, critical thinking and previous experience ·          Identify control trends, regulatory themes and emerging risks in assigned business areas and their impact on the business and to the Bank overall by applying business acumen and experience ·          Assisting in the development and management of the annual audit plan including coordination with other regional and global teams/ team leaders. ·          Contributing to and participating in various key control related functions and forums including regular control and new product committees. ·          Development and management of key client relationships (business and governance & control functions) ·          Staff and talent development and training ·          Interaction with regulators during inspections Requirements   ·          Chartered Accountant or Equivalent with 10+ years of relevant work experience, majority of this gained while working in an audit environment, either within an internal audit function in banking/ finance or in an accounting firm Big 4, or in a compatible risk control function. ·          Strong knowledge of Global Market Sales and Trading products gained in a large and recognized comparable Global Financial Services institution.  ·          Ability to constructively and effectively engage trading, risk, compliance, finance and operations personnel (including senior management in these functions) ·          Good understanding of trading risk, trade processing, settlement, valuation and accounting ·          Excellent communication skills (verbal and written) ·          Show willingness to become a credible Subject Matter Expert in an aspect of Global Markets Activity: Equity/Rates & Currency, Market/Credit Risk.  ·          Good understanding of Rules and Regulations and experience of dealing with regulators will be advantageous  Click here to apply

Vacancy for CA article as Industrial trainee in Ford

Job Description Send me Jobs like this

• Candidates will be deputed in different teams with FORD business operations
• Candidate must be a CA Inter pass out.
• Candidate should have completed min 2 years of Articleship & yet to complete last 1 year can only apply
•  Willing to be part of FORD for 1 year as part of Industrial Training Program.