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RBI revised guidelines for concurrent audit of banks. Accountability to be fixed in serious omission/ commission

RBI revised guidelines for concurrent audit of banks-Scope, coverage of business/branches, minimum items / area of coverage, etc. RBI has revised guidelines for concurrent audit of banks. Accountability to be fixed in serious acts of omission/commission  RBI revised guidelines for concurrent audit of banks RESERVE BANK OF INDIA …

Confidentiality provisions of tax treaties prohibit use of exchanged information for non-tax  purposes  

Confidentiality provisions of tax treaties prohibit use of exchanged information for non-tax  purposes without express consent  Central Board of Direct Taxes (CBDT) has expressed concern over confidentiality of information obtained from foreign jurisdictions under the Exchange of Information (EOI) process  of Double Taxation Avoidance Agreements  (DTAAs)/ Tax Information …

Govt. constitutes Company Law Committee for making recommendations on Companies Act implementation

Govt. constitutes Company Law Committee for examining and making recommendations on various provisions/issues pertaining to implementation of the Companies Act Ministry of Corporate Affairs Government constitutes Company Law Committee for examining and making recommendations on various provisions and issues pertaining to implementation of the Companies Act 18 SEP …