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 :: VAT Audit :: articles on VAT and GST in India :: form 3cd :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: TDS :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS
 
 
ICAI »
  Syllabus for the Limited Insolvency Examination on 31st December, 2016 to become Insolvency Professional
 Extension of last date for submission of application forms for Information Systems Audit-Assessment Test (ISA-AT), upto 10th December 2016.
 Four Weeks Residential Programme to be held from 28th January, 2017 to 24th February, 2017 at Centre of Excellence, Hyderabad for Women Participants only.
 CPE Events 5th December - 10th December 2016
 Here's how your employer can help you save tax
 Introduction of facility for online submission of requests for issue of duplicate mark sheets/pass certificates.
 ICAI invites suggestions on revised Model GST Law
 Guidance Note on Reports in Company Prospectuses (Revised 2016) issued by the Auditing and Assurance Standards Board
 President's Message - December 2016
 Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 6
 Announcement regarding registration as an Insolvency Professional with the Indian Institute of Insolvency Professionals of ICAI

Government promises strict action
January, 09th 2009

Government promised "strictest action" against those involved in the Satyam fraud and said any director or functionary involved in the scam would be punished, even if they have resigned. And the company's auditor, Pricewaterhouse, also seems to be headed for trouble as the Institute of Chartered Accountants of India (ICAI) is planning to issue a show-cause notice after referring the case to its disciplinary committee.

"Action would be taken against all those involved auditors, directors who are still there with the company or were with it earlier, company secretary or any executive. Strictest action would be taken," Corporate Affairs minister Prem Chand Gupta told.

The ministry has asked the Registrar of Companies (RoC) to submit a report by January 14 after which it will decide on the next course of action, that could include handing over the investigation to the multi-disciplinary bodySerious Fraud Investigation Office.

Gupta said his ministry was in touch with market regulator Sebi. "A coordinated action from the ministry, Sebi, ICAI, Institute of Company Secretaries and other government agencies would be taken so that the whole issue can be taken to its logical conclusion," he said.

The corporate affairs ministry was looking into the statement sent by Ramalinga Raju to the stock exchanges. "If the message was true and a fraud has happened, it is shameful," Gupta said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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