LLPs allowed for statutory auditors

Ministry of Corporate Affairs has clarified vide circular no. 30/2011 dated 26th May 2011 that LLPs of chartered accountants will be allowed to act as statutory auditors of companies as per the companies act, 1956. In the Act, there was a bar on body corporates to take up this function and since the LLP was defined as a body corporate under the LLP Act, this became sort of hindrance to the appointment of LLPs of chartered accountants as statutory auditors. MCA has relaxed this for the limited purpose of being appointed as an auditor.

Band Baaja Baarat

Saw the movie "Band Baaja Baarat" on TV yesterday - some content there in the movie, rustic Delhi lingo is used very well - good impression by Ranvir Kapoor - the boy shows some promise but Anushka Sharma hams so much it becomes irritating. Good for one time watch.

new information technology rules

New Information technology rules under section 79 of the information technology act seeks to regulate readers comments and feedback on social networking sites such as linkedin, facebook, google, etc. For more news go to economic times story here

interest on savings bank accounts

Interest rate on savings bank accounts increased from 3.5% to 4% w.e.f. 3rd May 2011 - as per RBI circular here

mobile banking transactions

Mobile banking transactions limit increased from Rs.1000/- to Rs.5000/- without the need for end to end encryption - for details check this RBI site

44 kms week ending 8th may 2011

completed 44 kms for the week ending 8th may 2011 including a 22.5 kms on saturday at the aarey forest followed up with a recovery run of 10 kms on sunday at marine drive. Two earlier runs of 4kms & 7.5 kms on wednesday and thursday. aarey forest run was a staggering one in extreme humidity and heat which had me roasted almost. marine drive was also extremely humid even as early as 5.30 in the morning, possibly to due the arabian sea.

Corbett National park, Jaipur, Agra & mathura

Completed a hectic 10 day visit to the corbett national park followed by a two day tour to jaipur, agra & mathura in a volvo bus. The corbett visit was of course different from the others in that i had gone to take part in a half marathon being held there for the first time. We had a jungle safari on the previous day to the half marathon and it was a memorable experience. We spotted numerous deers, monkeys, a herd of elephants, peacocks etc. but failed to spot any tiger for which the corbett is famous for. Nevertheless it was a fruitful visit.

In jaipur, we saw the Aimer palace, jaipur haat, jantar mantar, hawa mahal from outside and shopped at the jaipur haat - jaipur is a majestic city steeped in history - every second building seems to be a monument - plenty of delights there.

Stayed overnight at a hotel in Jaipur and started next day early morning at 4.30 a.m. to agra - Almost all of us in the bus slept off immediately after the bus got off from jaipur and got up around 6.00 to 6.30 a.m. to witness what - large scale squatting by U.P. Bhaiyyas right in the middle of their field. U.P. was dirty and filthy to the core. Enroute we first went to Fatehpur Sikri and then followed by Agra Fort and then the majestic Taj mahal. All these places were steeped in history - so interesting from that point of view. Took our time at the Taj - it was bloody hot at these places - but Taj being a wonder of the world - was totally magnificient.

Last stop was the famous Krishna temple of Mathura - the birthplace of lord Krishna - what bloody security there - probably worse than at airports - three people frisking you at unknown places - and rifle toting security men at every nook and corner - it did not look like a temple visit at all. But the idol was magnificient.
Mathura was absolutely filthy place as was Agra - had the famous Mathura lassi at one and only one decent place - Brijwasi.