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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: VAT RATES :: form 3cd :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4%
 
 
News Headlines »
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns
 Government may set threshold for probe into deposits to prevent harassment of taxpayers
 How to calculate capital gains tax
 April 1 still the target for GST: FM
 How to respond to CBDT’s tax compliance notice
 Goods & Services Tax (GST)(As On 01-01-2017)
 Excise, service taxpayers to migrate to GST portal by January 31
 Tax numbers belie slowdown: FM
 Income tax (1st Amendment) Rules, 2017
 Anti-avoidance tax rule to kick in from April 2017

Two procedures at work in Satyam case, says Sebi Chief
March, 08th 2010

SEBI Chairman, C B Bhave, on Saturday said that there were two procedures at work with relation to the Satyam scam, apart from criminal proceedings.

"There are two proceedings going on. SEBI started proceedings against the promoters and some of the officials of the company. We have issued show-cause notices to the auditors," Bhave told reporters here today.

SEBI had issued show-cause notices to audit firms including the Indian arm of global audit firm PricewaterhouseCoopers, after the scam came to light.

"Apart from this, criminal cases have been filed by CBI," he said.

Recently, a high-powered committee of the Institute of Chartered Accountants of India (ICAI) had recommended strict disciplinary action against four Hyderabad-based audit firms for their involvement in the Satyam scam.

It has suggested regulatory action against Krishna & Prasad, Rao & Shyam, P Viswanath & Associates and GMK Associates. The Indian arm of PriceWaterhouseCoopers is undergoing a probe for its role as well.

The Satyam scam which rocked the Indian corporate world a year ago is estimated at Rs 14,000 crore, the CBI has said in its charge sheet.

Satyam's former Chairman, B Ramalinga Raju, who is in jail, has admitted to cooking up the company's books or accounts to the tune of Rs 6,000-crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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