"08 September 2010" Archive

Govt soon to release monthly data on FDI outflows

(08/09/2010)

The Government will soon start releasing monthly data on outward foreign direct investments on the lines of FDI inflow figures that it makes public regularly, according to an official.The data will be released in coordination with the Reserve Bank, w...

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Posted Under: Corporate Law |

Private higher educational institutions have to disclose their income and expenditure

Private higher educational institutions will have to disclose their income and expenditure in a standard format and make them public in line with corporate-style accounting and auditing norms being readied by the human resource development (HRD) min...

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Posted Under: Corporate Law |

DTC brings life insurance, health cover under one clause and reduced the overall deduction to Rs. 50000

The Direct Tax Bill has proposed to introduce a new investment scheme to avail of tax exemption. In this scheme, an investor can invest up to Rs 50,000 in life insurance policies, health insurance and children's tuition fees. One can also invest up...

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Posted Under: Corporate Law |

CBI denied permission to prosecute tainted income tax officials

The Central Vigilance Commission (CVC) has denied Central Bureau of Investigation (CBI) the permission to initiate criminal prosecution against two income tax (I-T) officials for releasing diamonds impounded during a 2006 raid without proper orders. ...

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Posted Under: Corporate Law |

Single window clearance will help speed up SEZ progress

There is a need to focus on single window clearance for speeding up the progress of Special Economic Zones, according to Mr D.K. Mittal, Additional Secretary, Department of Commerce, Government of India. Addressing the participants in an open house ...

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Posted Under: Corporate Law |

SEBI mulls checks on 'rating shopping' by companies

Concerned over companies keeping under wraps their bad credit ratings and publicising only the favourable ones, market watchdog SEBI is mulling over ways to curb this 'rating shopping' menace. SEBI is considering making it mandatory for credit ratin...

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Posted Under: Corporate Law |

'Cap CEO Salaries, let shareholders decide pay'

Salaries of chief executives should be capped and shareholders should have a say in managerial remunerations, a parliamentary panel on the new Companies Bill has suggested. It has asked the Corporate Affairs Ministry to develop a rational formula...

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Posted Under: Corporate Law |

Google faces antitrust for its ranking of websites

Google's methods for Internet search and ranking of websites are being scrutinised by the Texas's Attorney General -- yet another case of authorities closely looking at the core business of the company. The Attorney General's move comes in the wake ...

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Posted Under: Corporate Law |

SEBI issues new rules for trading in merger bound companies

Market regulator Sebi on Friday said that trading of shares of companies going for a merger, demerger or a change in capital structure would have to be done in a price range for the first 10 days of post-restructuring, in a move aimed at curbing vola...

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Posted Under: Corporate Law | ,

FY11 tax collection may top budget estimate

India's tax collections could beat budget estimates of Rs 7.46 trillion or Rs 7.46 lakh crore (USD 160 billion) in the fiscal year to end-March 2011, Revenue Secretary Sunil Mitra said on Friday...

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Posted Under: Corporate Law |