ATTENTION STUDENTS!
Applicability of the latest Finance Act and other changes for Company Secretaries December, 2010 Examination.
DIRECT TAXES
All students may note that for the December 2010 Examination Session in respect of Direct Taxes the applicable Assessment Year shall be 2010-11 (Previous Year 2009-10).
Thus, they will have to study Finance Act, 2009 for December 2010 Examination. Further as per the Syllabus (for both Executive Programme and Final or Professional Programme) students are required to update themselves about all the Circulars, Clarifications, Notifications, etc., issued by the CBDT & Central Government, which come into effect on or before six months prior to the date of the respective exam inations.
INDIRECT TAXES
Students appearing in the ‘Tax Laws’ (Indirect Tax Portion to the extent of topics covered in the syllabus, for both ‘Executive Programme’ and Direct and Indirect Taxation—Law and Practice (Final Course) or Advanced Tax Laws and Practice (Professional Programme) respectively may take note of the following changes applicable for December 2010 Examination.
1 All changes made by the Finance Act, 2010.
2. All Circulars, Clarifications/Notifications issued by CBEC/Central Government which became effective six months prior to the date of exam ination.
Source: - http://www.icsi.edu/Student/tabid/528/Default.aspx
The Right to Information Act which is synonymous with “empowerment and transparency” will now have its own logo and a dedicated web portal that will not only act as a “knowledge bank” for information seekers and providers but will also provide them a platform to network.
The powerful law, which came into effect five years ago and allows citizens access to government records at a meagre of fee of Rs 10, has got a modest logo depicting a sheet of paper with information on it, and the public authority – providing the information.
The new logo was launched by the Minister of State for Personnel, Public Grievances and Pensions Prithviraj Chavan in the presence of Secretary Department of Personal and Training Shantanu Consul.
The logo would be displayed at all public authorities and will be used in various communications related to RTI. The Minister said the logo represents people’s empowerment and accountability in governance. He also added that the logo’s shape and structure are easy to remember, recall and replicate with minimal distortion. Chavan said the logo represents the core values of the RTI regime – empowerment, transparency and accountability.
The Minister also launched an RTI portal ‘www.rtigateway.org.in’ which will be a “knowledge bank” for the information seekers, information providers, trainers, Information Commissions, students and academicians. The portal will have a digital library, discussion fora, e-newsletter and a blog. It will also carry latest judgments of High Courts and Information Commissions; reports, articles, guides, manuals, handbooks for various stakeholders and online certificate course. There is facility for stakeholders to interact through dedicated and open discussion forum and register as resource persons, the statement said.
Source: ddinews website
The government said that it would not be able to table the new Companies Bill that was expected to be enacted by the end of this year, in the Parliament’s winter session. Failing to meet the earlier deadline of tabling the Companies Bill 2009 in the winter session, Corporate Affairs Minister Salman Khurshid said the bill would now come in the budget session beginning February next year.
Companies Bill 2009, which lapsed with the dissolution of the 14th Lok Sabha, was reintroduced in the Lok Sabha in August last year.
Subsequently, in August this year the Parliamentary Standing Committee on Finance gave its report after examining the provisions of the law.
The new Companies Bill which seeks to fix more responsibility on independent directors, comes in the backdrop of the multi-crore accounting fraud in Satyam Computer Services last year that exposed gaping holes in the existing corporate governance norms in the country and highlighted the need for stricter norms.
The Bill will also protect the rights of the minority shareholders; bring about responsible self-regulation with adequate disclosure and accountability, and lesser government control over internal corporate processes.
Source: ddinews.gov.in
