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Revision Test Papers - CA Final November 2013 Exam
| ICAI has released the Revision Test Papers of CA Final. You can Download the RTP from Below mentinoed link. GROUP I |
| OBJECTIVE & APPROACH |
| PAPER - 1 : FINANCIAL REPORTING |
| PAPER – 2 : STRATEGIC FINANCIAL MANAGEMENT |
| PAPER – 3 : ADVANCED AUDITING AND PROFESSIONAL ETHICS |
| PAPER – 4 : CORPORATE AND ALLIED LAWS |
| INSTITUTE'S PUBLICATIONS/PRONOUNCEMENTS |
| GROUP II |
| OBJECTIVE & APPROACH |
| PAPER – 5 : ADVANCED MANAGEMENT ACCOUNTING |
| PAPER – 6 : INFORMATION SYSTEMS CONTROL AND AUDIT |
| PAPER – 7 : DIRECT TAX LAWS |
| PAPER – 8 : INDIRECT TAX LAWS |
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ICAI to find jobs for 5,000 chartered accountant passouts
Credited as the cheapest course, at Rs 45,000, the Institute of Chartered Accountants of India (ICAI), has set out to promote the course and hold campus placement programmes in various cities.
ICAI, the statutory body for regulation of chartered accountants in India, has set out to place around 5,000 candidates, who completed their chartered accountancy course this July.
"Despite the uncertain economic environment, companies like Vedanta Resources Plc, Tata Consultancy Services Ltd, public sector banks and other multinational companies have confirmed participation in the placements," said Vijay Kumar Gupta, chairman, ICAI.
Every year, ICAI organises campus placement programmes twice - in August-September and February-March. The programme is held at 10 small centres and six big centres in the country. The institute has already conducted its placement programme in Jaipur, Ernakulam, Pune, and Ahmedabad. It will be holding its placement programme in Mumbai from September 6 and September 12.
In 2012, around 130 companies participated in the campus placement programme during both the seasons, and 1,500 candidates were offered jobs by leading Indian companies. In 2012, 31 companies recruited 214 chartered accountants in Mumbai.
ICAI charges anywhere between Rs 50,000 and Rs 6,00,000 as placement fee from participating companies. On Day One, if a company participates, it cannot offer a salary package below Rs 8,00,000. "The minimum package a company has to offer our students is Rs 4,00,000," said Prafulla Chhajed, member, central council, ICAI.
ICAI, the statutory body for regulation of chartered accountants in India, has set out to place around 5,000 candidates, who completed their chartered accountancy course this July.
"Despite the uncertain economic environment, companies like Vedanta Resources Plc, Tata Consultancy Services Ltd, public sector banks and other multinational companies have confirmed participation in the placements," said Vijay Kumar Gupta, chairman, ICAI.
Every year, ICAI organises campus placement programmes twice - in August-September and February-March. The programme is held at 10 small centres and six big centres in the country. The institute has already conducted its placement programme in Jaipur, Ernakulam, Pune, and Ahmedabad. It will be holding its placement programme in Mumbai from September 6 and September 12.
In 2012, around 130 companies participated in the campus placement programme during both the seasons, and 1,500 candidates were offered jobs by leading Indian companies. In 2012, 31 companies recruited 214 chartered accountants in Mumbai.
ICAI charges anywhere between Rs 50,000 and Rs 6,00,000 as placement fee from participating companies. On Day One, if a company participates, it cannot offer a salary package below Rs 8,00,000. "The minimum package a company has to offer our students is Rs 4,00,000," said Prafulla Chhajed, member, central council, ICAI.
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Payment for delay in completion of buy back process under open offer to be deemed as cap gains and not interest
Payment for delay in completion of buy back process under open offer to be deemed as cap gains and not interest
Interest received by assessee for delay in completion of the process of buy-back of shares under open offer to be deemed as capital gain and not interest income
In the instant case the assessee, a company incorporated in Mauritius, had obtained registration with the SEBI as a registered FII. It was holding the shares of Castrol India Ltd. which was a subsidiary of Castrol Ltd. UK ('Castrol UK'). The Castrol UK announced open offer for acquisition of issue capital of Castrol India Ltd. The assessee tendered certain equity shares under open offer. It received compensation from Castrol UK for delay in payment of shares tendered under the open offer. The AO treated the said compensation as interest income and taxed the same. The CIT(A) upheld the action of the AO. Aggrieved assessee filed the instant appeal.
The Tribunal held in favour of assessee as under:
1) It was clear that the payment of interest was directed by the SEBI and, therefore, it was not a penalty but the payment of interest on account of failure to make the payment by the acquirer as per the time schedule prescribed under the SEBI regulations;
2) However, in the instant case the interest received by the assessee was for the period prior to the tendering of shares and acceptance of the same, therefore, the interest related to the delay in completing the process of buy-back of shares under an open offer;
3) If the interest would have been paid for delay in making the payment then it couldn't be treated as part of consideration. In the instant case, the delay for which the interest had been received by the assessee was in the process of buy-back of shares in the open offer after announcement of the intention of acquiring of shares;
4) It was not a case of delay in making the payment of the determined consideration after the transaction of purchase of sale was over. Thus, this additional amount received by the assessee being interest was part of sale consideration and, accordingly, would be treated as part of capital gain and not the income from interest - Genesis Indian Investment Co. Ltd. v. CIT(A) (2013) 36 taxmann.com 300 (Mumbai - Trib.)
The due date of filing Service Tax Return (ST-3) for the period October 2012 to March 2013 has been extended by ten days. The last late for filing the return now is 10th September 2013.
The due date of filing Service Tax Return (ST-3) for the period October'12 to March'13 has been extended by ten days vide Order No: 4/2013. The last late for filing the return now is 10th September 2013.
The same will be updated on site of CBEC soon.
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
***
New Delhi, dated the 30th August, 2013
Order No: 4/2013-Service Tax
In exercise of the powers conferred by sub-rule(4) of rule 7 of the Service Tax Rules, 1994, the Central Board of Excise & Customs hereby extends the date of submission of the Form ST-3 for the period from 1st October 2012 to 31st March 2013, from 31st August, 2013 to 10th September, 2013.
The circumstances of a special nature, which have given rise to this extension of time, are as follows:
“ Difficulties have been faced by assessees in uploading the offline utilities”.
F.No.137/99/2011-Service Tax
Himani Bhayana
Under Secretary (Service Tax)
Central Board of Excise and Customs
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Seven facts we Must Know about PPF accounts
The key to wealth creation lies in the practice of saving regularly and
systematically. The public provident fund (PPF) is one such long-term
investment option that would suit investors of all types. Scoring high on
safety, by virtue of it being government backed, this wonderful option comes
with tax benefits, loan options and a low maintenance cost. Investment Yogi
explains seven must-know facts of a PPF account to make it more profitable for
you.
1.
It requires just Rs. 100 to start a PPF account: PPF accounts could be opened by
individuals, whether salaried or self-employed, with a minimum initial deposit
of just Rs. 100. Accounts could be opened at any branch of the State
Bank of India (SBI) or branches of its associated banks. Other nationalised
banks which offer this service are Bank of India, Central Bank of India and
Bank of Baroda. The general post office too allows opening of a PPF account.
Individuals may also open a PPF account on behalf of a minor child of whom they
are the guardian.
2.
PPF accounts have a minimum and maximum deposit limit: A minimum deposit of Rs. 500
must be made during one whole financial year. The maximum that could be
deposited is Rs. 1,00,000 in a financial year. Deposits could be in
either one go, or in flexible instalments (in multiples of Rs.10). You
could vary the amount and the number of instalments, as per your convenience,
provided you do not exceed 12 instalments in one financial year. Failing to
deposit the minimum requirement would lead to your account being discontinued.
Interest would, however, continue to accrue. You could regularize the account
again on paying the prescribed default fee along with subscription arrears.
3.
Interest calculation in PPF account: The interest rate in your PPF
account is calculated on the lowest balance between the fifth and the last day
of the month. So to maximise your earnings, try making deposits between the 1st
and the 5th of the month. Interest is compounded annually and credited on March
31 each year.
4.
Premature withdrawal from PPF: The entire amount in your account
could be withdrawn only on maturity. However, in times of financial crises
partial withdrawals are permitted subject to certain ceiling limits. You could
withdraw once a year, from the 7th year onwards. Such withdrawals must not
exceed 50 per cent of the balance at the end of the fourth year, or 50 per cent
of the balance at the end of the immediate preceding year, whichever is lower. Premature
closure of a PPF account is permissible only in case of death.
5.
PPF offers multiple tax benefits: Deposits in a PPF account qualify
for a deduction under section 80C. Furthermore, the entire maturity amount
including the interest is non-taxable. Not only is the interest earned tax
free, PPF deposits are exempt from wealth tax too.
6.
Need a loan? Use your PPF: You could take a loan on your PPF
deposit, subject to certain terms and conditions. Loans could be taken from the
third year onwards till the sixth year. Up to a maximum of 25 per cent of the
balance at the end of the 2nd immediately preceding year would be allowed as
loan. Such withdrawals are to be repaid within 24 months. Rate of interest
charged on the loan would be 2 per cent more than the PPF interest rate
prevailing then.
A second loan could be availed as long as you are within the 3rd and the 6th year, and only if the first one is fully repaid. Also note that once you become eligible for withdrawals, no loans would be permitted. Inactive accounts or discontinued accounts are not eligible for loan.
A second loan could be availed as long as you are within the 3rd and the 6th year, and only if the first one is fully repaid. Also note that once you become eligible for withdrawals, no loans would be permitted. Inactive accounts or discontinued accounts are not eligible for loan.
7.
Continuing PPF after the 15-year period: PPF account holders have an option
of extending their accounts after the 15 year tenure with or without further
subscription, for any period in a block of five years. The balance in the
account will continue to earn interest at normal rate as admissible on PPF
account till the account is closed. In case the account is extended without
contribution, any amount can be withdrawn without restrictions. However, only
one withdrawal is allowed per year.
If you continue the account after 15 years, with continued deposit, withdrawal up to 60 per cent of the balance at the beginning of each extended period (block of five years) is permitted.
If you continue the account after 15 years, with continued deposit, withdrawal up to 60 per cent of the balance at the beginning of each extended period (block of five years) is permitted.
NDTV
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No TDS on Service Tax charged on Professional or Technical fees
No TDS on Service Tax charged
on Professional or Technical fees
The Assessing Officer, vide its order dated
30.01.2009 raised a demand of Rs. 1,70,881/- alongwith interest thereon
amounting to Rs. 44,776/-, on account of TDS on the amount paid as Service Tax
pertaining to Financial Year 2005-06. The assessee preferred an appeal before
the Commissioner of Income Tax (Appeals), Jaipur which was allowed. Being
aggrieved with the same, the Revenue filed an appeal before the Income Tax
Appellate Tribunal, Jaipur but the same was dismissed. Hence the revenue
preferred an appeal before the Hon’ble Rajasthan High Court.
We are
sharing with you an important judgement of the Hon’ble Rajasthan High Court, in
the case of Commissioner of Income Tax (TDS), Jaipur Vs. M/s. Rajasthan Urban
Infrastructure [2013 (8) TMI 12 –
RAJASTHAN HIGH COURT] on following issue:
Whether
TDS is to be deducted on the amount of Service Tax charged on professional/
technical fees under Section 194J of the Income Tax Act, 1961?
Facts & Background:
M/s Rajasthan Urban
Infrastructure Development Project (“the Respondent”or “the RUIDP”or “the
assessee”) is a project of Government of Rajasthan for the Infrastructure
Development and Civic Amenities in the specified areas/ cities in the state of
Rajasthan. The RUIDP appoints the technical and project consultants and deducts
income tax at source from the amount of fee payable as per the agreement and
deposit the same as per the relevant provisions of the Income Tax Act, 1961 (“the Income Tax Act”) and subsequently
files the return for the same within due time.
Held:
It was held by the
Hon’ble Rajasthan High Court that if Service tax is payable in addition to
professional/ technical fees under the contract, the withholding tax will be
restricted to the professional fees. Hence, examination of contract terms is
imperative.
The Hon’ble Rajasthan
High Court held that the words “any sum paid” used in Section 194J
of the Income Tax Act, relate to “fees for professional services or fees for
technical services”. In terms of the agreement, the amount of Service
Tax was to be paid separately and was not included in the fees. Hence the
orders passed by Appellate Authority as well as the Appellate Tribunal are in
accordance with the provisions of Section 194J of the Income Tax Act.
Points to note:
The Central Board of Direct Tax (“the
CBDT”) vide its Circular No. 4/2008, dated 28.04.2008 held that TDS under
Section 194I of the Income Tax Act would be required to be made on the amount
of rent paid/payable without including the Service Tax.
However, the CBDT vide its Circular No. 275/73/2007-IT(B), dated 30.06.2008
decided not to extend the scope of Circular No. 4/2008 to payment made under
Section 194J of the Income Tax Act since it covers any sum paid.
Therefore, it remains to be seen that whether the Revenue files another
appeal before the Hon’ble Supreme Court or accepts the above judgment of the
Hon’ble Rajasthan High Court and gives relief to assessees.
Hope the information will assist you in your Professional endeavors.
In case of any query/ information, please do not hesitate to write back to us.
Thanks & Best Regards.
Bimal Jain
FCA, FCS, LLB, B.Com (Hons)
Mobile: +91 9810604563
E-mail: bimaljain@hotmail.com
Bimal Jain
FCA, FCS, LLB, B.Com (Hons)
Mobile: +91 9810604563
E-mail: bimaljain@hotmail.com
Disclaimer: The contents of this document
are solely for informational purpose. It does not constitute professional
advice or recommendation of firm. Neither the authors nor firm and its
affiliates accepts any liabilities for any loss or damage of any kind arising
out of any information in this document nor for any actions taken in reliance
thereon.
Readers are advised to consult the professional for understanding
applicability of this newsletter in the respective scenarios. While due care
has been taken in preparing this document, the existence of mistakes and omissions
herein is not ruled out. No part of this document should be distributed or
copied (except for personal, non-commercial use) without our written permission.
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RUPEE CRASH : HOW SHOULD A COMMON MAN REACT??
In such conditions, how should one react?
1) Rupee fall
GOLD: The rupee has weakened over 17% in 2013 mainly on concerns of a wide current account deficit – the amount India owes to the world. Indians consume about 900 tons of gold each year. If possible individuals can wait before making gold purchases. This would in turn lower the import bill.
EXPORTS: Analysts suggest that it is not time to give up. Investment bank Credit Suisse recently said in a report, that as long as RBI does not hike interest rates, things are still looking up for the economy, as a weak rupee and improvement in global demand will push up exports. Together with lower imports, this can help reduce deficit, and shore up the currency.
HOLIDAY: Until then, however, it will be wise to roll back your foreign holiday plans, and instead travel within the country.
FOREIGN EXCHANGE: A fall in rupee might be bad news for those planning to study abroad, but it is very good news for those sending money back home. In fact, some people are also borrowing money to send it back home, particularly in the Gulf. Not just that, industry body Assocham says that the falling rupee has sparked a property boom as non-resident Indians (NRIs) are looking to invest in India’s realty sector.
2) Stock market crash
The dampening sentiment about the rupee has dragged the markets lower too. If you are an investor in the markets, it is better to wait for the bumpy ride to pass. Some experts may also advise you to invest further, thus reducing your average asset value, and increasing scope for returns.
If not an existing investor, this is the right time to enter markets using the ‘Value Investing’ technique. Look at this as an opportunity. Remember, companies have not turned loss-making. Many companies still hold promises of growth. They may now be available at cheap prices.
If you don’t want to take a lot of risk, you can opt for equity-linked insurance schemes or equity-based mutual funds.
3) Bank rate changes
To curb the rupee’s fall, the Reserve Bank of India has sucked out liquidity in the market by making it difficult for banks to borrow. This in turn has prompted private sector banks to increase base rate – the lowest lending rate. This implies loans will become costlier.
If you already have a home loan, with a fixed rate of interest, then you have no need to worry. But if you have a floating rate, you could either shift to a public-sector lender which has not announced a rate hike or wait for the moment to pass. This also applies to those planning to apply for a loan.
And the wait may not be long. History suggests, growth will soon take priority, forcing the RBI to reverse its stand and cut rates to buoy growth.
Jobs for CA in Canara Bank
RECRUITMENT OF MANAGER IN MMGS-II & SENIOR MANAGER-CREDIT IN MMGS-III
Canara Bank , a leading Public Sector Bank with Head Office in Bangalore and pan India presence with over 3770 branches, invitesON-LINE APPLICATIONS , for
- Recruitment of Managers in Middle Management Grade Scale-II - Generalist [No. of Posts-450]
- Recruitment of Senior Mangers-Credit in Middle Management Grade Scale-III – Specialist [No. of Posts-100]
Eligible candidates, are requested to apply ON-LINE through Bank’s website www.canarabank.com and should submit copy of registered online application printout with supporting documents, so as to reach at the specified address before the last date stipulated. No other means / mode of Application will be accepted.
- Recruitment of Managers in Middle Management Grade Scale-II - Generalist [No. of Posts-450]
- Recruitment of Senior Mangers-Credit in Middle Management Grade Scale-III – Specialist [No. of Posts-100]
Eligible candidates, are requested to apply ON-LINE through Bank’s website www.canarabank.com and should submit copy of registered online application printout with supporting documents, so as to reach at the specified address before the last date stipulated. No other means / mode of Application will be accepted.
Please read this advertisement carefully and ensure your eligibility before paying fees / submitting on-line application.
Dearness Allowance, HRA, CCA, Medical Aid, Reimbursement of Hospitalization expenses, Leave Fare Concession etc. and Perquisites like Conveyance, Quarters, Furniture etc., depending on the place of posting shall be available as per rules.
PROCEDURE FOR MAKING PAYMENT OF APPLICATION FEE / INTIMATION CHARGES :
1. DETAILS OF POSTS & RESERVATIONS:
Note:
Note:
(a) Candidate can apply for only one post. If any candidate applies for both the posts, his application for Post Code-1 only will be processed.
(b) The number of posts and the reservations provided are provisional and may vary according to actual requirement of the Bank, subject to availability of suitable candidates.
(c) 3% of the total posts @ 1% each for VC, HI & OC candidates are reserved for the Persons with Disabilities. It is clarified that it may not be possible to employ Persons with Disabilities in all Offices / Branches of the Bank and they will have to work in the posts identified by the Bank as suitable for them.
(d) As the reservations for PWD candidates are on horizontal basis, the selected candidates will be placed in the appropriate category to which the candidate belongs.
(e) The above reservation is inclusive of shortfall / backlog reservation.
(f) The selected candidates will be posted any where in India, depending on the requirement of the Bank.
Abbreviations :
MMGS-II – Middle Management Grade Scale-II; MMGS-III – Middle Management Grade Scale-III; SC-Scheduled Caste; ST-Scheduled Tribe; OBC - Other Backward Class; UR – Un Reserved; PWD – Persons With Disabilities; HI-Hearing Impaired; OC-Orthopaedically Challenged; VC-Visually Challenged; GD – Group Discussion; PI – Personal Interview.
2. ELIGIBILITY CRITERIA & OTHER DETAILS:
All the eligibility criteria (Qualification, Age, Experience etc.) for these posts shall be computed as on 01.07.2013 (inclusive).
Post Code-1: Manager [MMGS-II] (Generalist) :
a) Qualification:
Graduation / Post Graduation in any discipline from a recognized University preferably with CAIIB / Diploma in Risk Management / Treasury Management / International Banking.
Candidates should possess computer literacy.
b) Experience:
Minimum 3 years experience as on 01.07.2013 as an Officer in any Scheduled Commercial Bank, having worked in Branch Operation / Credit / Treasury / Forex / Accounts / Retail and Insurance Products.
c) Job Profile:
General Banking, Credit, Retail Banking, House Keeping, Supervisory functions etc. and any other work assigned by the Bank from time to time.
Post Code-2: Senior Manager - Credit [MMGS-III] (Specialist) :
a) Qualification:
A Degree in any discipline from a recognized University or any equivalent qualification recognized as such by Central Government. Preference will be given to the candidates with CAIIB / CA / MBA / PGDBM / PGDBA.
Candidates should possess computer literacy.
b) Experience:
Five years experience as on 01.07.2013 in Project Appraisal, Syndication or Credit department in Scheduled Commercial Banks and presently working in Middle Management Grade Scale-II.
c) Job Profile:
Project Appraisal, Sourcing of Syndication assignment, Liasoning with the client & Bankers, Financial & Balance Sheet Analysis and Marketing of debt as a part of Syndication including branch management and any other work assigned by the Bank from time to time.
NOTE (Applicable for both the posts):
All the educational qualifications mentioned should be from a recognized University / Institution and the result should have been declared on or before the date reckoned for computing eligibility, stipulated for each post.
COMPUTER LITERACY :
Operating & working knowledge in computer systems shall be an essential qualification for the post.
HINDI KNOWLEDGE :
The candidates shall acquire working knowledge of Hindi, if not possessed already, before completion of probationary period.
3. Salary & Emoluments :
Dearness Allowance, HRA, CCA, Medical Aid, Reimbursement of Hospitalization expenses, Leave Fare Concession etc. and Perquisites like Conveyance, Quarters, Furniture etc., depending on the place of posting shall be available as per rules.
4. DEFINITIONS:
Reservations for Persons with Disabilities:
Reservation is available for Persons with Disabilities under Section-33 of the Persons with Disabilities (Equal Opportunities, Protection of Rights & Full Participation) Act 1995:
• Visually Challenged [VC]:
(i) Blindness
refers to a condition where a person suffers from any of the following conditions namely (a) Total absence of sight or (b) Visual acuity not exceeding 6/60 or 20/200 {snellen} in the better eye with correcting lenses; or (c) limitation of the field of vision subtending an angle of 20 degree or worse.
(ii) Low Vision
means a person with impairment of visual functioning even after treatment or standard refractive correction but who uses or is potentially capable of using vision for the planning or execution of a task with appropriate assistive device.
• Hearing Impairment [HI]
means loss of 60 decibels or more in the better ear in the conversational range of frequencies.
• Orthopaedically Challenged [OC]
– All the cases of OC persons are covered under the category of Locomotor Disability or Cerebral Palsy.
Locomotor Disability
means disability of the bones, joints or muscles leading to substantial restriction of the movement of the limbs or any forms of cerebral palsy.
Cerebral Palsy
means a group of non-progressive conditions of a person characterized by abnormal motor control posture resulting from brain insult or injuries occurring in the pre-natal, peri-natal or infant period of development.
Only such persons would be eligible for reservation in services / posts who suffer from not less than 40% of relevant disability.
5. NATIONALITY / CITIZENSHIP:
A candidate must be either i] a citizen of India or ii] a subject of Nepal or iii] a subject of Bhutan or iv] a Tibetan refugee who came over to India before 01.01.1962 with the intention of permanently settling in India or v] a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African Countries of Kenya, Uganda, United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia & Vietnam with the intention of permanently settling in India provided that a candidate belonging to categories (ii), (iii), (iv) or (v) above shall be a person in whose favour a certificate of eligibility has been issued by the Government of India. A Candidate in whose case a certificate of eligibility is necessary may be admitted to the Group Discussion/interview conducted by the Bank, but on final selection the offer of appointment may be given only after the necessary eligibility certificate issued by the Government of India, is produced.
6. RELAXATION IN UPPER AGE LIMIT:
(i) Scheduled Caste / Scheduled Tribe candidates - by 5 years;
(ii) Other Backward Classes candidates - by 3 years;
(iii) Persons with Disabilities - by 10 years;
(iv) All persons who are ordinarily domiciled in Kashmir Division of J&K State during 01.01.80 to 31.12.89 - by 5 years;
(v) Persons (Children / Family members of those) affected by 1984 riots – by 5 years.
(vi) Ex-servicemen, Commissioned Officers including those ECOs / SSCOs who have rendered at least 5 years Military service and have been released on completion of assignment otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to Military service or on invalidment –By 3 years in addition to the period of service in Defence forces subject to a maximum of 50 years (in case the selection Is only through interview).
NOTE:
a] The relaxation in upper age limit to SC/ST/OBC candidates is allowed on cumulative basis with only one of the remaining categories for which age relaxation is permitted as mentioned above in Point No. 6 (iii) to 6 (vi)
b] Persons eligible for age relaxation under 6 (iv) above must produce the domicile certificate at the time of interview from the District Jurisdiction where he / she had ordinarily resided or any other authority designated in this regard by the Government of Jammu & Kashmir to the effect that the candidate had ordinarily domiciled in the Kashmir Division of the State of J&K during the period from 01.01.80 to 31.12.89.
c] Persons eligible for age relaxation under 6 (v) above must produce a certificate from the District Magistrate to the effect that they are eligible for relief in terms of the Rehabilitation Package for 1984 Riot Affected Persons sanctioned by the Government and communicated vide Ministry of Finance, Dept. of Financial Services communication No.F.No.9/21/2006-IR dated 27.07.2007.
d] An Ex-servicemen who has once joined in a Govt. job on the civil side after availing the benefits given to him as an Ex-servicemen for his re-employment, his Ex-servicemen status for the purpose of re-employment in Government ceases.
e] There is no reservation for Ex-servicemen in Officer Cadre Posts.
7. APPLICATION FEE & INTIMATION CHARGES (NON REFUNDABLE):
Kindly ensure the eligibility for the post, before paying the application fees / intimation charges as the same is not refundable.
The application fee / intimation charges can be paid by;
1] Directly remitting the amount in any of the Canara Bank Branches OR
2] Paying the amount by NEFT from any other Bank.
The procedure for payment of fee is mentioned below;
1] Directly remitting the amount in any of the Canara Bank Branches:
(i) Take print-out of the Payment Challan from website [Click here to download Payment Challan]
(ii)Fill the particulars viz, Name, Date of Birth, Contact Phone No., Category, Post Applied for, Amount deposited, Depositing Branch Name & City.
(iii) Submit the Fee Payment Challan & amount in any Canara Bank Branch.
(iv)Collect the candidate's copy of Fee Payment Challan from the Branch. Please verify that challan is properly signed & the details ofTransaction Sequence No., Branch Name & DP Code Number, Deposit Date are noted in the challan by the Branch Authorities.
(v) Log on to bank website www.canarabank.com for applying on-line.
2] Paying the amount by NEFT from any other Bank [If the candidate opts for payment through other Banks]:
(i) Fill the NEFT challan as required by the bank with Beneficiary details as under;
- Name of the Account: Canara Bank Recruitment Project – 3/2013
- Account Number : 8693201000004
- Payee Bank : Canara Bank, Town Hall WC Branch, Bangalore
- IFSC Code : CNRB0008693
- Narration : Candidates should mention their Name
(ii)Make payment
(iii) Collect NEFT Payment Receipt. Please check that receipt is properly signed & the details of NEFT UTR No., IFSC Code of the Sending Branch, Name of the Sending Bank, City, Deposit Date, Amount etc are noted in the challan by the Branch Authorities. Candidates have to write Name, Date of Birth, Category, Post Applied for, Registration No. on the back of the NEFT Receipt.
(iv)Log on to bank website www.canarabank.com for applying on-line.
After on-line registration, candidates are requested to write their Registration Number & Post Name on the back of the Payment Challan / NEFT Receipt.
The application fee / intimation charges should be paid between 26.08.2013 and 05.09.2013 (both dates inclusive)
Even if the last date of registration changes due to technical reasons, the valid dates for payment of application fee / intimation charges will not be changed.
Payment of fee by Demand Draft / Cheque / Money Orders / Postal Orders etc will not be accepted and such applications will be summarily rejected.
8. SELECTION PROCEDURE:
The selection for these posts shall be on the basis of Shortlisting and Group Discussion and/or Interview.
Depending upon the number of vacancies, Bank reserves the right to shortlist requisite number of candidates based on the academic track record of the candidate, experience and suitability of the candidates, as decided by the Bank and only those shortlisted candidates will be called for Group Discussion and/or Interview at centres identified by the Bank .
The centre & address of the venue, time & date for Group Discussion and/or Interview will be informed to the shortlisted candidates in the call letter and candidates have to attend for the same at their own cost.
The marks allotted for Group Discussion and for Interview are 100 each. Candidates have to secure minimum marks as decided by the Bank at each level of selection process and only those candidates will be considered for preparation of final rank lists.
The candidates who have secured marks as mentioned below each in GD, interview & also final marks, will be considered for preparation of final rank lists. However, the selection for the post will be based on their position in respective category rank list for that post;
The final selection for these posts shall be on the basis of rank lists drawn as above.
General (applicable for both the posts):
The shortlisting and call for interview will be on the basis of the details provided by the candidates in the on-line application. If at any stage of the selection process, the details provided in the on-line applications are found to be false or, if the candidate fails to submit the required documents to prove his/her eligibility at the time of interview, his/her candidature will be summarily rejected and the candidate will not be allowed for GD / interview.
The details of shortlisted candidates for Group Discussion and/or Interview will be hosted in our website. Request for change of Centre will not be entertained. However, the Bank reserves its right to change/add/cancel the date, time, centre, venue of the Group Discussion and / or Interview and to call the candidates for the Group Discussion and / or Interview at any other Centre or hold supplementary selection process for particular date / session / venue / centre / set of candidates at its discretion, under unforeseen circumstances, if any. Change of interview schedule, if any, will be announced in our website / by email.
Mere eligibility / admission to the GD / Interview or, pass in GD / Interview does not imply that the Bank is satisfied beyond doubt about the candidates’ eligibility and shall not vest any right on a candidate for selection. The Bank would be free to reject the candidature of any candidate at any stage of the recruitment process, if he / she is found to be ineligible and / or furnished incorrect or false information / certificates / documents or has suppressed any material facts; and the fees paid by the ineligible candidates shall be forfeited. If appointed, such a candidate may be summarily removed from the services of the Bank.
The Bank reserves the right to change the selection procedure / hold supplementary selection process, including conduct of On-line/Written Test, if necessary. The change, if any, shall be intimated to the candidates through our website / email in advance.
9. IDENTITY VERIFICATION:
While appearing for the GD and Interview, the candidate should produce original and a copy of the photo identity such as PAN Card / Passport / Driving Licence / Voters Card / Photo embossed Credit Card / Aadhaar Card for verification. If the identity of the candidate is in doubt, the candidate will not be allowed for GD and Interview.
10. PROBATION & BOND:
The selected candidates will be on probation for a period of one year (12 months of active service) from the date of joining, as per the rules of the Bank.
The selected candidates will be on probation for a period of one year (12 months of active service) from the date of joining, as per the rules of the Bank.
11. HOW TO APPLY:
Candidates are requested to read the contents of the advertisement and ensure their eligibility before applying.
The eligible candidates are required to apply ON-LINE through bank’s website www.canarabank.com. The link for registration of application will be open on our website on the dates indicated at the top of this advertisement. The guidelines for filling on-line application are as follows;
• All applicants should have a valid personal e-mail ID. This e-mail ID should be kept functional till completion of this recruitment project. All the communication will be sent to the candidates on this e-mail ID only.
• Candidate should keep ready scanned copies of Passport size Photo & Signature for uploading. (Please see and follow the instructions for scanning and uploading in our website).
• Candidates should have remitted the requisite fee in any branch of Canara Bank OR Candidates should have remitted the requisite fee through NEFT and should have details of payment made.
• Please note that without valid payment details, on-line registration of application will be summarily rejected. For details of payment, check Point No.7.
• Candidates are required to visit the Bank’s website www.canarabank.com --> Careers--> Recruitment Know More and click on the link “Recruitment Project – 3/ 2013” and apply for the concerned post. Alternatively, candidates can click the link “Recruitment” scrolling in the “Announcement” column & click on appropriate project link.
• Candidates should fill all the details in the on-line application.
• The name of the candidate and his / her father / husband & other details etc. should be spelt correctly in the application as it appears in the certificates / mark sheets. Any change / alteration found may disqualify the candidature.
• After filling the details as above, upload the Photo and Signature in on-line application.
• After ensuring correctness of the details fed in the application, submit the application.
• Candidates can modify their on-line application and are requested to make use of this facility to correct the details in online application, if any. This modification facility shall be available immediately after on-line registrations and up to 05.09.2013. Modification will be allowed only for 3 times. After the above date, no modification will be permitted. Candidates should take utmost care to furnish the correct details while filling in on-line application.
• Submission of incorrect / false information in the online application will render the candidature invalid.
• Once the on-line application is submitted, if it is successful, system will generate a Registration Number and Password. Kindly note the Registration Number & Password and retain it safely for future use.
• After completion of on-line registration, take 2 copies of system generated print-out of Registered On-line Application.
One copy has to be sent to the address mentioned below. Retain another copy of the final on-line application print out along with Registration Number & Password safely for your records.
• The details submitted in the on-line application viz., name, date of birth, category etc. will be final and cannot be changed at a later date.
SENDING OF APPLICATION & DOCUMENTS:
Candidates have to send the print out of application along with self attested copies of all documents / certificates as mentioned below. Print-out of application received without copies of documents to prove the credentials will be summarily rejected.
System Generated Print-out of the Registered Application, duly complete in all respects should be sent by ORDINARY POST only in a cover superscribed “Print-out of the Application for the post of ________________ Post Code _____ in Canara Bank”
The application should be sent to the address printed on the registered System Generated Print-out of the Registered Application.
ENSURE TO ENCLOSE THE FOLLOWING BEFORE SENDING THE APPLICATION BY POST:
(i) Print-out of On-line application submitted to the Bank (Photo & Signature should be clearly visible)
(ii) Payment Challan / NEFT Receipt
(iii) Proof of Date of Birth along with proof of certificate for applicable age relaxation, if any
(iv) Certificates and Marklists of SSC / SSLC / X std, 10+2 / PUC / Intermediate, Graduation, Post Graduation & other qualifications etc
(v) Caste Certificate in case of SC/ST/OBC category candidates & Disability Certificate in case of PWD candidates
(vi) Experience Certificates clearly containing the name, organization, date of joining, date of relieving (if already relieved), departments / nature of work handled along with the designation.
(vii) Any other relevant documents in support of candidature.
When called for GD and/or Interview, candidates have to bring the originals of the above documents along with self attested copies of the documents, for verification. Candidates will not be allowed to take up GD and/or Interview without production of original & copies of the documents as above.
Address for Sending System Generated Print-out of the Registered Application along with photo copies of documents :
Applications should reach at the above mentioned address on or before 12.09.2013 (including far-flung areas). Applications which are received late will not be considered and fees will be forfeited.
Applications should reach at the above mentioned address on or before 12.09.2013 (including far-flung areas). Applications which are received late will not be considered and fees will be forfeited.
On-line registered applications, where print-out of registered application is not received at the specified address, will be treated as invalid and the fees paid will be forfeited.
12. CALL LETTERS:
The candidates who have been shortlisted [as mentioned in Point No. 8] will only be called for the Group Discussion and/or Interview and their details and schedule for Group Discussion and/or Interview will be made available in Bank’s website www.canarabank.com. All the communications viz, call letters for Group Discussion / interview etc., will be made available in our website and sent only to the registered e-mail given by the candidate. Request for sending to different e-mail ID subsequently will not be entertained. Alternatively the call letter for Group Discussion and/or Interview can be downloaded from the Bank’s website.
Bank will not take responsibility for late receipt / non-receipt of call letter / any communication e-mailed due to technical reasons or whatsoever to the candidate. Hence candidates are requested to keep track of their application status by visiting Bank’s website as well as checking of their registered e-mail account from time to time during the recruitment process.
13. ACTION AGAINST CANDIDATES FOUND GUILTY OF MISCONDUCT:
Candidates should not furnish any particulars that are false, tampered, fabricated or suppress any material information while registering the application and submitting the certified copies / testimonials.
At the time of Group Discussion/interview/during selection process, if a candidate is or has been found guilty of using unfair means or impersonating or procuring impersonation by any person at any stage of selection process; or misbehaving in the GD / interview hall or taking away any documents from the venue; or resorting to any other irregular or improper means in connection with his/her candidature for the selection; or obtaining support of his/her candidature by any means, such a candidate may in addition to rendering himself/herself liable to criminal prosecution, shall be liable
(a) to be disqualified from the GD / interview / selection process for which he / she is a candidate
(b) to be debarred, either permanently or for a specified period from any examination or selection held by the Bank.
14. GENERAL INSTRUCTIONS:
a) Candidates have to register on-line through Bank’s website only. No other means of applications shall be entertained. The registered on-line application printout along with self attested copies of supporting documents to prove the eligibility should reach us on or before the stipulated last date at the address sepecified.
b) Calling / admission to the Group Discussion / interview is purely provisional without verification of age / qualification / category etc. of the candidates. Mere receipt of call letter for Group Discussion / interview does not imply that the Bank is satisfied about the candidate’s eligibility. Candidates should ensure their eligibility before applying / attending the Group Discussion / interview. Bank reserves right to reject ineligible candidate’s applications at any stage and the fee paid by ineligible candidates shall be forfeited.
c) The Application once made will not be allowed to be withdrawn and the fee once paid will not be refunded on any account nor would this fee be held in reserve for future examination / selection.
d) Applications which are incomplete in any respect will be rejected and the fee will be forfeited.
e) Candidates will have to appear for the Group Discussion and/or interview at their own expenses.
However, Outstation SC/ST/Persons With Disabilities category candidates called for Group Discussion and/or interview for MMGS-II & MMGS-III posts will be paid First class to & fro train fare or actual expenses incurred, whichever is less, by shortest route on production of proof of travel.
The above concession will not be admissible to SC/ST/Persons with Disabilities category candidates who are already in service in Central / State Government, Corporations, Public Undertakings / Local Government, Institutions and Panchayats etc.
f) Candidates should submit “Experience Certificate & No Objection Certificate” from their employer at the time of interview, in the absence of which their candidature will not be considered.
g) Candidates willing to serve anywhere in India only should apply for the posts advertised.
h) Decision of the Bank in all matters regarding eligibility of the candidate, the stages at which such scrutiny of eligibility is to be undertaken, the documents to be produced for the purpose of the conduct of GD and/or interview, selection and any other matter relating to recruitment will be final and binding on the candidate. Further, the Bank reserves right to stall / cancel the recruitment partially / fully at any stage during the recruitment process at its discretion, which will be final and binding on the candidate.
i) No correspondence or personal enquires shall be entertained by the Bank.
j) Bank may, at its discretion, hold re-examination / re-group discussion / re-interview wherever necessary in respect of a centre / venue / specified post or candidate/s.
k) The shortlisted candidates are required to submit self attested copies of all the documents pertaining to Age, Qualification, Experience, Caste etc at the time of GD / interview. The originals of all the documents are to be made available for cross verification along with the copies. If any candidate is found ineligible while verifying the documents, he / she shall not be allowed to take up GD / interview.
l) Candidates belonging to SC / ST / OBC / Persons with Disabilities categories should keep ready an attested copy of certificate issued by competent authority in the prescribed format as stipulated by Government of India. In case of candidates belonging to OBC category, certificate should specifically contain a clause that the candidate does not belong to creamy layer section excluded from the benefits of reservation for Other Backward Classes in Civil post & services under Government of India. OBC caste certificate should not be more than one year old as on the stipulated eligibility date. SC/ST/OBC/PWD certificates should be in prescribed format only. Originals are to be produced for verification.
THE COMPETENT AUTHORITY FOR THE ISSUE OF THE CERTIFICATE TO SC / ST / OBC / PERSONS WITH DISABILITIES IS AS UNDER :
I) For Scheduled Castes / Scheduled Tribes / Other Backward Classes: (i) District Magistrate / Additional District Magistrate / Collector / Deputy Commissioner / Additional Deputy Commissioner / Deputy Collector / First Class stipendary Magistrate / City Magistrate / Sub-Divisional Magistrate (not below the rank of First Class stipendary Magistrate) / Taluk Magistrate / Executive Magistrate / Extra Assistant Commissioner (ii) Chief Presidency Magistrate/ Additional Chief Presidency Magistrate/ Presidency Magistrate (iii) Revenue Officer not below the rank of Tahsildar (iv) Sub-divisional officer of the Area where the candidate and or his family normally resides.
II) For Persons with Disabilities: Authorised certifying authority will be the Medical Board at the District level consisting of Chief Medical Officer, Sub-Divisional Medical Officer in the District and an Orthopedic / Ophthalmic / ENT Surgeon.
III) Prescribed Formats of SC, ST, OBC, PWD certificates can be downloaded from Bank’s website www.canarabank.com . Candidates belonging to these categories are required to produce the certificates strictly in these formats only.
m) An Ex-serviceman candidate has to produce a copy of the discharge Certificate and documentary proof of rank last held (substantive as well as acting) at the time of interview.
n) Appointment of selected candidates is subject to his/her being declared medically fit as per the requirement of the Bank & receiving satisfactory report from referees / police authorities.
o) Appointment of selected candidates for the posts are subject to the Service and Conduct Rules of the Bank
p) Any resultant dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated in Bangalore.
q) Canvassing in any form will be treated as disqualification.
r) The Bank / IBPS shall not be responsible for an application being rejected which is based on wrong information provided in any advertisement issued by an unauthorized person / institution.
s) In case any dispute arises on account of interpretation in versions other than English, English version will prevail.
t) No candidate is permitted to use Calculator, Cell Phone, Pager or any other instruments in the GD / Interview hall / during selection process.
Candidates in their own interest are advised to register on-line and submit their applications well in time before the last date for submission, to avoid the possibility of dis-connection / inability / failure to log on the Bank’s website on account of heavy load on internet / website jam or late-receipt / non-receipt of registered applications by post. The Bank does not assume any responsibility for the candidates not being able to submit their applications within the last date on account of the aforesaid reasons or for any other reasons beyond the control of the Bank.
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