Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: empanelment :: VAT Audit :: TDS :: form 3cd
 
 
« General »
 Tax Department To Launch 2nd Phase Of Bank Accounts' Scrutiny Next Month
 How to claim tax benefit on tuition fees under Section 80C
 Online Income Tax grievance redressal facility launched at 60 offices
 Demonetisation impact on government tax revenue marginal; direct tax personal income grew at above budget estimates
 ICAI seeks more accountability, transparency in defence sector
 Will Budget help double farmers’ income?
 Verify online deposits made post demonetisation, income tax department asks taxpayers
 Union Budget 2017: Best budget is do not change anything, do no harm, implement well
 Why salaried class deserves standard deduction
 3 new taxes that Modi government could introduce, but won't
 Tax gains may showcase demonetisation windfall

SEBI declares earlier order null and void
November, 10th 2009

An issue with regard to NSDL has been raging. But finally the SEBI board has decided that the order of a two-member committee of SEBI stands null and void, reports CNBC-TV18s Priyal Guliani.

This has been a debate since January. Just to give you a perspective, in December 2008 a two member committee that was assigned, once Mr Bhave took over as the Chairman of Sebi and recused himself from the issue of Sebi versus NSDL in the IPO irregularities that happened in 2005, for that matter a two-member committee was set up to come out with its order on the matter. These members comprised of V Leeladhar of RBI and Mr. Mohan Gopal who is part of the National Judicial Academy.

The order stated that the NSDL has not fulfilled its duties in terms of cross checks and also had questions with regard to the Sebi board. Thereafter, there was an issue as to why this order has not been put out in the public domain.

The board members have been discussing this in the board meeting and thereafter the board had sent this matter to separate legal entities, sought legal advice from legal parties where it was said that this committee has gone beyond its term of reference. It has given quasi-judicial educating orders against the educators which were beyond the terms of reference. Hence the board totally has decided that this will stand null and void and the board will look into this matter afresh.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions