Tuesday, 26 February 2013

LAST DATE OF REGISTRATION FOR CS EXAMINATION



                Registration for these courses can be done all throughout the year. There is no such thing as a last date for registration. The only requirement is that the course duration should have elapsed for a student to be able to appear at a certain examination.
This implies that you can appear for an examination that would fall after the minimum course duration has elapsed from the date of your registration.
Based on this, you can take the following as the cut off dates for registration to make you eligible for appearing at the noted examination. You have to Register before the cut off date to be eligible for the relevant examination. An example is given in [ ]
Students registering
  • Before February 28th/29th can appear
    1. for all four modules
      - in the December Examination in the Same Year
[Register before 28th/29th Feburary 2010 to attempt - four modules in December 2010 Exam]
  • Between March 1st and August 30th can appear
    1. for all four modules
      - in the 
      June Examination Next Year
[Register between March 1st and 30th August 2010 to attempt - both modules in June 2011 Exam]
  • Before May 31st can appear
    1. for One Module or Two Modules
      - in the 
      December Examination in the Same Year
[Register before 31st May 2010 to attempt - one module or two module in December 2010 Exam]
  • Before November 30th can appear
    1. for One Module or Two Modules
      - in the 
      June Examination in the Next Year
[Register before 30th November 2010 to attempt - one module or two modules in June 2011 Exam]

Tuesday, 12 February 2013

INCOME TAX AUTHORITIES ISSUED NOTICES TO 35,170 PAN HOLDERS FOR NON FILING OF RETURNS


The Directorate of Systems has undertaken a business intelligence project to identify PAN holders who have not filed Income Tax Return and about whom specific information is available in 148 information codes of Annual Information Return (AIR), Central Information Branch (CIB) data and TDS/TCS Returns. Information in the Cash Transaction Reports (CTRs) of FIU-IND has also been included as part of this data matching exercise. This data analysis has identified target segment of 12,19,832 non-filers linked to more than 4.7 crore information records. Rule based algorithms have been used to identify high priority cases for follow-up and monitoring.
In the first batch, letters are being sent to 35,170 PAN holders by the Directorate of Intelligence and Criminal Investigation. The letter contains the summary of the information of financial transaction(s) along with a customized response sheet and seeks to know whether the person had filed his Income Tax return or not. A Nodal cell has been set up to capture the response and take follow-up action. There will be an online monitoring system to ensure follow-up action and track return filing and tax payment of the target segment.

Saturday, 2 February 2013

NEW SCHEDULE FOR DECEMBER, 2013 EXAM FOR NEW SYLLABUS


 Batches for June 2013 started successfully schedule for Monday(4th Feb)
Foundation
Accounts by CS Nikita @1pm
Economics by CS Nidhi @ 3pm

Executive
Morning Batch 
Securities Law by CS Atul Rawat @ 11.15am
ELI by CS Nidhi @1pm

Evening Batch
Accounts by CS Nikita @3pm
Securities Law by CS Atul Rawat @ 4.30pm


Professional
Drafting by CS Atul Rawat @ 3pm


Thursday, 31 January 2013

SCHOLARSHIP FOR CS/CA STUDENTS


SCHOLARSHIP FOR HIGHER EDUCATION -2013

CONDUCTED BY

INSTITUTE FOR CORPORATE ACHIEVERS

IN COLLABORATION WITH

DEVANSH FOUNDATION

ABOUT ICA
ICA is a professionally managed organization aimed at providing guidance, assistance and Direction to the youth of India.

ICA wishes to Strengthen nourish and assist the budding professionals for a bright and enterprising feature and to meet the global challenges.

About The Scholarship Test-2013
The Scholarship Test Conducted by ICA in collaboration with Devansh Foundation it is an analytical concept based test that will assist the Budding Professionals to overcome Financial Constraints in the attainment of their Goal. This Test will bring together the best brains and aid us in providing them the right direction and guidance for a promising future.
The test is measures how effectively a student has understood the commercial concepts & capable in implementing them.

Objective Of The Test
·         To provide financial assistance to the Students of CA/CS.
·         To identify and the Students pursuing courses who are unable to attain their goal due to  
           various constraints.
·         To help students by professional guidance and Counseling for determining and following the right Career path.

Eligibility
Students registered with ICSI/ICAI

Date Of Test
27th Feb. ,2013

Venue Of Test
ICA,3rd Floor,Chitrahar Building,Nawal kishore Road ,Hazratganj ,Lucknow-226001

Timing Of Test
11:30 am to 12:15 pm



Test Pattern
No. of questions – 50
Total Marks – 50
Time – 45 Minutes
S.No.
Level of Test
Syllabus
Test Structure
1.
For students appearing in CPT/CS Foundation Foundation
12th level
25 Marks-Mathematics
15 Marks-Economics
10 Marks-Commerce & General Awareness
2.
For students appearing in IPCC/CS Executive
CPT/CS Foundation
25 Marks-Financial Accounting
15 Marks-Business Law
10 Marks-Stats & General Awareness
3.
For students appearing in CA Final/CS Professional
IPCC/CS Executive
25 Marks-Advance Accounting and Tax
15 Marks-Business Law and Company Law
10 Marks- General Awareness

Medium of Examination : English

Awards & Scholarships
1) For students appearing in CPT/CS Foundation
i)One Ist Prize worth Rs.5000
ii)Two 2nd Prizes  worth Rs.3000 each
iii)Four 3rd Prizes  worth Rs.2000 each

2) For students appearing in IPC/CS Executive
i)One Ist Prize worth Rs.9000
ii)Two 2nd Prizes worth Rs.3000 each
iii)Four 3rd Prizes worth Rs.2000  each

3) For students appearing in CA Final/CS Professional
i)One Ist Prize worth Rs.12000
ii)Two 2nd Prizes worth Rs.4000 each
iii)Four 3rd Prizes worth Rs.2000  each


4) 100 consolation Prizes worth Rs.500 each

Registration Forms and Result
Forms are available at
·                          ICA,3rd Floor, Chitrahar Building, Nawal kishore Road ,Hazratganj ,Lucknow-226001, C-401
·                  CONTACT DETAILS:- 0522-4011081, 09554279814, 8957962970, 9935778867
·                           www.devanshfoundation.org
·                           instituteforcorporateachievers.blogspot.in
·                      C-401, Devansh Foundation, Indra Nagar Lucknow

Submit duly filled forms latest by 26th Feburary,2013 along with 2 photographs and fees of Rs.100/- at ICA,3rdFloor, Chitrahar Building, Nawal kishore Road ,Hazratganj ,Lucknow-226001, C-401, Indira Nagar, Lucknow.
Result will be declared/distributed on or before 2nd March’13 i.e the felicitation function of the Institute.
·                   ICA notice board
·                  www.devanshfoundation.org
·                  instituteforcorporateachievers.blogspot.in
·                  https://www.facebook.com/ica.lucknow?fref=ts


Rules and Regulations
1. Examination centre, timing and date will not be changed in any circumstances
2. Calculators, notes, books, mobiles are not allowed in test.
3. Students already enrolled with ICA are not eligible to participate in the test.
4. ICA reserves the right to withdraw the scheme any time or make any amendments thereof.
5. Students are required to compulsorily carry their admit cards in the test.
6. The Scholarship amount would be utilized for the development of  the student.
7. ICA reserves the right to increase or decrease the number of scholarships; Decision of ICA will be final. 
"ONLINE REGISTRATION IS AVAILABLE THROUGH OUR WEB SITE www.devanshfoundation.org"
STUDENT RESISTED THROUGH ONLINE PROCESS HAVE TO REPORT ONE HOUR BEFORE THE EXAMINATION


Wednesday, 30 January 2013

NEW SYLLABUS OF CS EXECUTIVE WOULD BE APPLICABLE FROM 1ST FEB, 2013

INTRODUCTION OF NEW SYLLABUS AND REVISION IN REGISTRATION FEE AND OTHER FEES PAYABLE BY THE STUDENTS W.E.F. 1ST FEBRUARY, 2013 EFFECTIVE DATE OF IMPLEMENTATION

New Syllabus of Executive Programme is being implemented with effect from 1st February, 2013 and the New Syllabus of Professional Programme is being implemented with effect from 1st September, 2013.

SUBJECTS/ PAPERS COVERED UNDER NEW SYLLABUS

EXECUTIVE PROGRAMME

MODULE 1
1. Company Law
2. Cost and Management Accounting
3. Economic and Commercial Laws
4. Tax Laws and Practice

MODULE 2
5. Company Accounts and Auditing Practices
6. Capital Markets and Securities Laws
7. Industrial, Labour and General Laws

PROFESSIONAL PROGRAMME

MODULE 1
1. Advanced Company Law and Practice
2. Secretarial Audit, Compliance Management and Due Diligence
3. Corporate Restructuring, Valuation and Insolvency

MODULE 2
4. Information Technology and Systems Audit
5. Financial, Treasury and Forex Management
6. Ethics, Governance and Sustainability

MODULE 3
7. Advanced Tax Laws and Practice
8. Drafting, Appearances and Pleadings
9. Electives – Any One out of below Five Subjects
9.1. Banking Law and Practice
9.2. Capital, Commodity and Money Market
9.3. Insurance Law and Practice
9.4. Intellectual Property Rights - Law and Practice
9.5. International Business-Laws and Practices


http://www.icsi.edu/WebModules/Student/ANNOUNCEMENT%20ON%20NEW%20SYLLABUS%20&%20REVISION%20OF%20FEES%20WEF%2001022013.pdf

Monday, 28 January 2013

INTEREST RATES ON AND PREMATURE WITHDRAWAL OF RUPEE TERM DEPOSITS


CIRCULAR DBOD. NO. DIR. BC. 74 /13.03.00/2012-13, DATED 24-1-2013
In terms of our mailbox clarification dated May 16, 2007, deposits of Rs. 15 lakh or any higher threshold approved by the Boards of banks have been termed "wholesale deposits". The term "bulk deposit", though not specifically defined, has been inter-changeably used with wholesale deposits and has occasionally been used in the context of ALM guidelines ['Appendix-1' to circular DBOD. BP. BC.14054/21.06.001/2009-10, dated February 11, 2010 on 'Guidelines on the standardized approach for calculating operational risk capital charge', and 'Annex 1' to Master Circular DBOD.No.BP.BC.16/21.06.001/2012-13, dated July 2, 2012 on 'Prudential guidelines on capital adequacy and market discipline – New Capital Adequacy Framework (NCAF)' (para 2.3.5)]. The position has been reviewed and it has now been decided that henceforth only the expression "bulk deposit" would be used for single Rupee term deposits of Rs. 1 crore and above.
2. In this context, please refer to our circular DBOD.No.Dir.BC.36/13.03.00/98, dated April 29, 1998 permitting banks to offer, at their discretion, differential rates of interest on single term deposits of same maturity of Rs. 15 lakh and above, subject to certain conditions. It has been decided that henceforth, the permission to offer differential rates of interest for the deposits of the same maturity will be applicable to bulk deposits of Rs. 1 crore and above. For deposits below Rs. 1 crore, the same rate will apply for deposits of the same maturity. Rupee term deposits will include domestic term deposits as well as term deposits under NRO and NRE accounts. Banks should disclose in advance the schedule of interest rates payable on deposits including deposits on which differential interest will be paid. Interest paid by banks should be as per the schedule and not be subject to negotiation between the depositor and the bank.
3. A reference is also invited to para 9 of our Directive DBOD. No. Dir. BC. 7/13.03.00/2001-02, dated August 11, 2001, in terms of which a bank, on request from the depositor, shall allow withdrawal of a term deposit before completion of the period of the deposit agreed upon at the time of making the deposit. However, the bank, at its discretion, may disallow premature withdrawal of large deposits held by entities other than individuals and Hindu Undivided Families (HUFs). These instructions have been reviewed and it has now been decided that banks will have the discretion to disallow premature withdrawal of a term deposit in respect of bulk deposits of Rs. 1 crore and above of all depositors, including deposits of individuals and HUFs. Bank should, however, notify such depositors of its policy of disallowing premature withdrawal in advance, i.e., at the time of accepting such deposits. A bank on request from a depositor shall allow withdrawal of a Rupee term deposits of less than Rs. 1 crore, before completion of the period of the deposit agreed upon at the time of making the deposit. Bank will have the freedom to determine its own penal interest rates for premature withdrawal of term deposits. Bank should ensure that the depositors are made aware of the applicable penal rates along with the deposit rates.
4. The revised guidelines will be applicable with effect from April 1, 2013.
5. An amending Directive DBOD. No. Dir. BC.73/13.03.00/2012-13, dated January 24, 2013 is enclosed*.

*See Annexure.

ANNEXURE
INTEREST RATES ON AND PREMATURE WITHDRAWAL OF RUPEE TERM DEPOSITS
DIRECTIVE DBOD. NO. DIR. BC.73/13.03.00/2012-13, DATED 24-1-2013
In exercise of the powers conferred by sections 21 and 35A of the Banking Regulation Act, 1949 and in modification of its Directive DBOD. No. Dir. BC. 07/13.03.00/2001-02, dated August 11, 2001, as amended from time to time, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that
(I) Paragraph 9 (i) of the aforesaid Directive shall be substituted by the following:
"9. Premature withdrawal of term deposit
 (i)  A bank, on request from a depositor, shall allow withdrawal of a term deposit before completion of the period of the deposit agreed upon at the time of making deposit. The bank shall have the freedom to determine its own penal interest rate of premature withdrawal of term deposits. The bank shall ensure that the depositors are made aware of the applicable penal rate along with the deposit rate. However, the bank at its discretion, may disallow premature withdrawal of large Rupee term deposits of Rs. 1 crore and above. The bank should, however, notify such depositors of its policy of disallowing premature withdrawal in advance, i.e., at the time of accepting such deposits."
(II) Paragraph 22 (c) of the aforesaid Directive shall be substituted by the following:
"(c) discriminate in the matter of interest paid on deposits, between one deposit and another, accepted on the same date and for the same maturity, whether such deposits are accepted at the same office or at different offices of the bank, except in respect of fixed deposit schemes specifically for resident Indian senior citizens offering higher and fixed rates of interest as compared to normal deposits of any size and single term deposits of Rs. 1 crore and above on which varying rates of interest may be permitted on the basis of size of deposits. The permission to offer varying rates of interest will be subject to the following conditions:
 (i)  The permission to offer varying rates of interest for deposits of the same maturity shall apply to single Rupee term deposits of Rs. 1 crore and above. Banks may therefore offer same rate of interest or differential rates of interest for deposits of Rs. 1 crore and above of the same maturity. For deposits below Rs. 1 crore of the same maturity, the same rate will apply. Rupee term deposits shall include domestic term deposits as well as term deposits under NRO and NRE accounts.
(ii)  Banks should disclose in advance the schedule of interest rates payable on deposits including deposits on which differential interest will be paid. Interest rates paid by the bank should be as per the schedule and should not be subject to negotiation between the depositor and the bank."
2. The above changes shall be applicable with effect from April 1, 2013.
3. The other provisions of Directives DBOD. No. Dir. BC.07/13.03.00/2001-02, dated August 11, 2001 as amended from time to time, shall remain unchanged.