A tax assessment panel found violations such as failure to get their accounts signed by auditors, providing loans to partners without guarantee and interest and hiding income from coaching business, following which it decided to impose a penalty on ICAI, a government official said.
"We will ensure that, to any person who has not worked according to our standards and our expectationsm severe punishment be given," ICAI President Ved Jain said after the financial wrong doings by India's fourth largest IT company were unearthed. He added that that under the Indian Penal Code any person party to a fraud or cheating can be convicted.
The cable industry on Friday set a deadline of December 15 for implementing the much-delayed conditional access system in South Delhi zone.
The Maharashtra deputy chief minister also advocated the need to take all political parties and consumers into confidence on CAS.
With just 20 days left for CAS roll out in 4 metros, the Indian broadcasters on Tuesday met Information and Broadcasting Minister Ravi Shankar Prasad and suggested putting in place a regulatory mechanism for broadcasters.
Former FIFA president Sepp Blatter lost his appeal against a six-year ban for ethics violations, imposed amid the biggest corruption scandal to shake the world soccer body, the Court of Arbitration for Sport said.
The Prime Minister's Office is understood to have called the broadcasters on Wednesday and discussed the issue.
News of all that's transpired on and off the football field
WADA on Friday was thrust into the spotlight at the Beijing Olympics Kamila Valieva tested positive
Russian long jumper Darya Klishina will compete at the Rio Olympics after her ban from the Games was struck down by sport's highest court on the eve of her event.
Earlier this month, a few wrestlers including Deepak Punia had tested positive for coronavirus. The wrestlers had reported to the National Wrestling Camp at SAI Centre in Sonepat and when tested upon arrival, they returned positive.
Odisha sprinter Dutee Chand got a massive shot in the arm after the Court of Arbitration for Sports in Switzerland specifically allowed her to take part in the Asian Championships.
Russian Sergey Kirdyapkin will be stripped of the 50km walk gold medal he won at the 2012 London Olympics.
The ruling by the CAS, sport's highest tribunal, will be taken into consideration by the International Olympic Committee (IOC) as it ponders whether to impose a blanket ban on Russia from all sports.
The Direct-to-Home service providers are cashing in on the confusion over the implementation the Conditional Access System in some areas of Delhi, Mumbai and Kolkata.
Norwegian cross-country skier Therese Johaug says she is 'devasted' after her country's skiing federation confirmed the 28-year-old had returned a positive test for a banned substance found in sunburn cream on Thursday.
The International Association of Athletics Federations (IAAF) will not soften its stance on new regulations for female classification and is ready to defend it in the Court of Arbitration for Sport(CAS), president Sebastian Coe has said.
As the economy surges ahead, these financial watchdogs will be increasingly in demand.
Ukraine's Metalist Kharkiv, due to play Schalke 04 in the Champions League playoff round later this month, have been kicked out of the competition, European soccer's governing body UEFA said on Wednesday.
'I find, in all this matter, a very unfair treatment... I don't know if I will be able to find the strength and the desire to play tennis again, after all this'
Refusing to budge from its stance, the Wrestling Federation of India floated a new theory on Tuesday, alleging that some junior officials of the Sports Authority of India and National Anti Doping Agency are responsible for Narsingh Yadav being handed a four-year ban for doping.
Semenya is confident she can make the switch after clocking a personal best of 23.49 in 200m to move closer to the 22.80 time needed to qualify for Tokyo. Semenya says she has a long history in the 200m and had it not been for a lack of coaching in South Africa's rural Limpopo province, she might have made a career out of the distance.
The independent institute advising the PM on jobs seems to have missed the point that the challenge is to create net additional jobs, says Mahesh Vyas.
'Whoever is going to stop me from running is going to have to drag me out of the track'
The rules mean Caster Semenya and other athletes with DSD hoping to compete at the World Championships in Doha in September would have to start taking medication to lower their testosterone levels within one week.
However, in a circular issued earlier, the market regulator had asked stock brokers and trading members to complete the auditing from independent qualified chartered accountants but now the role has been extended to company secretaries or cost and management accountants.
A summary of sports events and persons who made news on Thursday
Slovenia men's ice hockey player Ziga Jeglic has tested positive for a banned substance and has been suspended for the remainder of the Pyeongchang Winter Olympics, the Court of Arbitration for Sport said on Tuesday.
The WADA first suspended NDTL in August last year for a period of six months. A fresh round of inspection by the world body, much to the embarrassment of country's sporting establishment, showed that non-conformities still existed.
Booming demand for chartered accountants services fuelled by a rapidly growing economy has meant that Shetty's experience is not an isolated one.
Uruguay forward Luis Suarez's four-month playing ban for biting Italy defender Giorgio Chiellini has been upheld by the Court of Arbitration for Sport (CAS) although he will be allowed train with his new club Barcelona.
