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: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: VAT Audit :: empanelment :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT RATES :: form 3cd :: TDS :: cpt :: articles on VAT and GST in India
 
 
News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

ICAI to decide Britannia pension case on Monday
May, 04th 2007
The Institute of Chartered Accountants of India (ICAI), the self-regulatory organisation for accountants and accountancy firms, will on Monday decide a complaint by a group of pensioners from Britannia Industries against audit firm CC Chokshi & Co. 
 
The pensioners have accused the auditor of not opposing diversion from the pension fund to Britannia Industries, in violation of the pension fund rules, Indian Trusts Act and income tax norms. 
 
Sources said the ICAI disciplinary committee would be hearing the pensioners' allegation that R Laxminarayan, an auditor with CC Chokshi, overlooked and supported withdrawal of over Rs 12 crore from the pension fund by Britannia Industries Ltd in financial year 2003-04. 
 
After putting off hearing a couple of times, ICAI sources said a panel would hear both the sides on Monday and take a decision. The complaint was made on April 29, 2005. 
 
When contacted, a Britannia spokesperson refused to comment on the issue saying the matter was sub-judice. R Laxminayaran of CC Chokshi also did not comment. 
 
According to the complaint made to the ICAI, CC Chokshi is accused of serious conflict of interest as it was paid consultancy fees by Britannia at the time it was an auditor to the pension fund. 
 
The trustees of Britannia Covenanted Pension Fund are Britannia Managing Director Vinita Bali and Bombay Dyeing Director A K Hirjee. Britannia is owned jointly by the Wadia Group and French dairy major Danone.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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