Tuesday 05 Nov '13The Kerala government's resolve to crack down on direct selling companies — such as Amway, Modicare and Oriflame, among others — through its proposed legislation could herald a trend among other states and hit the Rs 8,000 crore direct selling industry hard.
Thursday 26 Sep '13Taking cognizance of media reports, the Institute of Chartered Accountants of India (ICAI), the regulating body for auditors, has initiated investigation into the role of auditors and auditing practices at Financial Technologies India (FTIL) and its subsidiary, National Spot Exchange (NSEL).
Friday 20 Sep '13The draft rules to the Companies Act, 2013, have trimmed the list of relatives whose actions one is liable for, but India Inc is not amused with the new discretionary definition of relatives, either.
Wednesday 28 Aug '13With the passing of Companies Bill, 2013, the government is set to make stringent norms for Central Public Sector Enterprises (CPSEs) to implement the corporate social responsibility (CSR) projects
Monday 26 Aug '13Chartered Accountants (CAs) will have to use audited financials of non-corporates, including limited liability partnerships (LLPs), to certify their adjusted total income figures so as to help them pay the mandatory alternate minimum tax (AMT).
Tuesday 20 Aug '13With easier norms spelled out in the new companies law, the winding-up time for over 4 lakh defunct, inactive and sick companies is expected to come down to less than one year compared to 4-10 years or more at present.