Most of us are investing in the stock market nowdays but have you ever spared a thought on whether you are trading in a safe environment and whether all the systems are in place in the exchanges. Atleast i thought so considering the voluminous transactions i was doing for the past couple of years. But [...]

Its high time now and business ethics should be incorporated and made a must for all the professionals all over the world. And hence recognizing the critical role of ethical values and standards on protecting the public interest, the International Federation of Accountants (IFAC) has developed new proposed guidance for corporate accountants and management worldwide. [...]

Right to Information Act is a law which intends to provide for right of access to information to the citizens of our country. This act applies to whole of India except for the state of Jammu and Kashmir. According to this act, any citizen can request for any information by filing an application from the [...]

Friends, the ICAI recently submitted a pre-budget memorandum to the government. The Insitute recomends/ advices the Government on various tax related matters through its pre-budget memorandum. Few significant recomendations made by ICAI this time as as mentioned below :- 1) Firstly, The Institute of Chartered Accountants of India (ICAI) wants the tax department to verify [...]

Chartered Accountants are on a brand building drive. As a part of the effort, The Institute of Chartered Accountants have allowed qualified Chartered Accountants to prefix ‘CA’ to the name in order to distinguish them from other professionals. This is intended to develop a certain image of the chartered accountant in the mind of the [...]

There has always been an ongoing debate in the Indian corporate world about who is a better professional out of a Chartered Accountant and a Mba. People have put forward various arguments in this context. Some say that an Mba being better equipped with skills such as presentation, communication, analytical etc turns out o be [...]

According to a recent survey it was found that Retail investors subscribed to 31.3 per cent of the equity shares offered in 61 public issues, fractionally behind foreign financial institutions’ (FIIs) subscription of 32.6 per cent shares.The 61 public offers mobilised Rs 21,218 crore this year, of which retail investors contributed Rs 6,321 crore while [...]

India Inc has devised a plan to deal with the contentious Fringe Benefit Tax. Industry players are going to tell Finance Minister P Chidambaram to make this tax voluntary – as opposed to compulsory – for tax-paying companies.Instead of the FBT, the tax-paying companies were ready to pay 1 per cent more than their total [...]

Over the past few days, MCD has suddenly awaken out of its long sleep. Alas! after the hig court order, they have opened their eyes to the illegal and unauthorised construction all over Delhi. This illegal construction both commercial and residential had become a nuisance for the Delhihites. This had led to people making shops [...]

In a swift action, capital markets regulator Securities and Exchange Board of India (Sebi) has eliminated Roopal Panchal, Sugandh Estates and 11 other entities from the allotment process of ICICI Bank’s recent follow-on public offering (FPO). These entities were found to be involved in alleged abuse of the allotment process in Yes Bank’s initial public [...]