TIOL-DDT 270 · the untouched capture
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<html> <head> <title>Untitled Document</title> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> </head> <body bgcolor="#FFFFFF"> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399" size="3">TIOL-DDT 270</font><br> 27 12 2005<br> Tuesday</b></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Company Secretaries Act, 1980 amendments through Parliament...</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">On the lines of the amendments to the Chartered Accountants Act, which we carried yesterday, the Company Secretaries Act is all set to be amended. <br> <br> <b>Some important changes are</b><br> <br> • Provisions for an institutionalized Disciplinary Mechanism <br> <br> • providing for an Appellate Authority headed by a person, who is or has been a judge of a High Court<br> <br> • establishment of a Quality Review Board, which would also include outside experts to review the quality of services provided by the members of the Institute;<br> <br> • providing enhanced autonomy to the Council in the matter of fixing various fees within prescribed board limits;<br> <br> • provisions for bringing transparency in financial affairs of the Institute and preparation of annual financial statement (the budget) by the Council<br> <br> • enabling the members of the Institute to form multi-disciplinary firms and offer multi-professional services in a competitive and commercial manner.<br> <br> • appoint a Director (Discipline), establish a Disciplinary Directorate, constitute a Board of Discipline, Disciplinary Committee, and Appellate Authority, and establish a Quality Review Board. The expenditure in this regard is to be borne by the Council of the Institute and there shall be no expenditure of recurring or non-recurring nature from the Consolidated Fund of India.</font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=misc/CS_bill_amndmt_2005.htm"><strong>See full text of the Bill</strong></a></font></p> <p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"> <b>Cricket Board Secretary summoned by Service Tax DC</b></font></p> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A DC in Rajkot has summoned the Secretary of the Saurashtra Cricket Association to appear before him on 3rd January 2006. The departrment had sent several letters to the Cricket Association and as there was no response, now summons are sent. What will happen if the Secretary does not attend?. Department wants to take applicable actions. Pray, what are they?<br> <br> <font color="#663399"><b>"elections and their corruptions, injustice and the power and tyranny of wealth and inefficiency of administration will make hell of life as soon as freedom is given to us. Men will look regretfully back to the old regime of comparative justice, as well as efficient, and more or less honest administration. The only thing gained from independence will be that as a race, we will be saved from dishonor and subordination".</b></font> - <b><i>C. Raja Gopalachary in 1922.</i></b><br> <br> <b><font color="#FF6666">Until tomorrow with more DDT<br> <br> Have a nice day.<br> <br> Mail your comments to</font></b> <a href="vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com</a> </font></p> </body> </html>