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Audit firms may face action for wrong-doing23-AUG-09
The ministry of company affairs (MCA) intends to insert a clause in the Companies Act that will make audit firms also liable to prosecution as against the existing provisions that limits penal action only to chartered accountants.
CA rules under government lens02-MAR-09
The ministry of company affairs has begun a comprehensive review of the legal provisions and regulations governing chartered accountants following the Satyam accounting fraud that covers, among other issues, the operation of surrogate firms in India by large foreign audit firms.
K S Mehta: Audit lessons from Satyam31-JAN-09
Joint audits and inspections by the ICAI/DCA are critical if the system has to work.
Sapna Dogra: Getting to Satyam's satya19-JAN-09
A post-graduate degree in economics from the prestigious Delhi School of Economics, and a two-year stint as the Director General of Investigation and Research at the Ministry of Company Affairs. It’s unlikely you’ll get, in the government system at least, a better bio-data than this for someone who has to crack the Rs 7,000-crore Satyam Computer Services fraud. On January 13, on the basis of the Registrar of Companies’ report on Satyam, the government asked the Serious Fraud Investigation Office (SFIO) and its director, Ajay Nath, to solve the case.
Sale of digital signatures doubles in last 18 months10-SEP-07
The Indian government's initiative to make digital signatures mandatory is what is driving the digital signatures market in India. Thanks to the move, the seven certifying authorities in the country
ICSI seeks to earn a good name, and a new vision23-JUL-07
The demand for name change is strengthened because the ministry of company affairs has been renamed the ministry of corporate affairs.
Corporate affairs school on the anvil17-MAY-07
The Ministry of Company Affairs, now known as the Ministry of Corporate Affairs, plans to set up an Indian Institute of Corporate Affairs (IICA). Apart from training officials, the institute will also
Company affairs ministry may not look into Vodafone deal07-APR-07
The Ministry of Finance has not sought the help of the Ministry of Company Affairs to inquire into the acquisition of Hutchison-Essar by Vodafone.
Mandatory e-filing for firms mooted02-MAR-07
The finance ministry is expected to make it mandatory for all firms who are subject to tax audit to compulsorily file electronic returns.
ICAI to develop taxanomy29-JAN-07
The Institute of Chartered Accountants of India (ICAI) said it would soon constitute a committee consisting of regulators to develop a taxanomy for the promotion of Extensible Business Reporting
`Business Bureau` to check fraud planned27-JAN-07
Received a credit card bill with unexplained charges? Is the manufacturer refusing to take back that brand new food processor that packed up in a week?
Bank derivative deals under lens09-OCT-06
RBI seeks data from foreign banks after FCI's complaint.
DLF issue on hold till Nov01-SEP-06
Company has withdrawn its prospectus on problems with minority shareholders.
Less time in the dock for India Inc14-AUG-06
MCA may drop 30,000 minor cases.
MCA 21 launched in Tamil Nadu31-JUL-06
The Tamil Nadu registry of MCA 21, an e-governance initiative by the ministry of company affairs, was launched in Chennai on Saturday.
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