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: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: TDS :: form 3cd :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: list of goods taxed at 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT RATES :: cpt :: ACCOUNTING STANDARD
News Headlines »
 CBDT releases Income Tax Return statistics for last two fiscals
 CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 FinMin looks at cut in corporation tax
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers

Accountancy professionals, corporates to get more freedom
January, 11th 2008
Gupta hopeful of Limited Liability Partnership Bill enactment


The Minister for Corporate Affairs, Mr Prem Chand Gupta (right), and the ONGC Chairman and Managing Director, Mr R.S. Sharma, during the inaugural session of global summit on management accounting, organised by the Institute of Cost and Works Accountants of India at Vigyan Bhavan in New Delhi

Corporates and accountancy professionals would in the coming days get more leeway in their functioning, with the Corporate Affairs Minister, Mr Prem Chand Gupta, on Thursday committing to provide more freedom to them under a self-regulatory regime with minimum Government interference.

Inaugurating a Global Summit with the theme Repositioning the Management Accountant here on Thursday, Mr Gupta said that the Government was hopeful that the Limited Liability Partnership (LLP) Bill would soon be enacted.

The Bill seeks to pave the way for foreign nationals to enter into partnerships, besides providing a platform for accounting professionals and small and medium enterprises to operate more efficiently.

The three-day summit is being organised by the Institute of Cost and Works Accountants of India (ICWAI).

Mr Gupta said that the Government hopes to introduce a Bill in the forthcoming budget session to enable comprehensive revision of Companies Act, 1956.

We are also working on development of a regulatory framework for regulation of valuation professionals. However, reform is a continuing activity. It is our objective to facilitate change through reform of the relevant statutory and institutional framework, he said.

The Corporate Affairs Minister also said that the Competition Commission of India would be fully operationalised within six months. He urged management accountants to constantly re-equip themselves to keep pace with the global developments and ensure that the needs of their clients are met with requisite skill set, knowledge and experience.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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