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Archive: 04 October 2010

Posts in 04 October 2010

Central excise and service tax department launches website

October 4, 2010 327 Views 0 comment Print

The central excise & service tax commissionerate Allahabad has launched its website on Friday. The website can be logged in at www.centralexciseallahabad.com. The said website was inaugurated by chief commissioner, central excise & service tax, Luckn

Non increase in service tax revenue from telecom sector worries government

October 4, 2010 297 Views 0 comment Print

The stagnancy in service tax payment by the country’s top mobile firms in the first five months of the fiscal is worrying the government. The reason being that while in the last two quarters profitability of the major operators have dipped and revenu

Master Circular on Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) – Guidelines for Insurers

October 4, 2010 1986 Views 0 comment Print

Circular No. IRDA/F&I/CIR/AML/158/09/2010, dated 24-9-2010 Guidelines on Anti-Money laundering Guidelines issued under Section 34 of the Insurance Act, 1938 updated upto 31st October 2008 into a Master Circular bearing reference 022/IRDA/Master-AML/Nov-08-dated 24th November 2008 is now being updated with guidelines/circulars issued upto 31st July 2010. Pleas find the Master circular 2010 on the subject for […]

IRDA circular on Examination of Credit Insurance Covers

October 4, 2010 655 Views 0 comment Print

Circular No. IRDA/NL/CIR/159/09/2010, dated 27-9-2010 Following examination of credit insurance covers being marketed by general insurers to banks offering credit facilities to debtors, it is observed that such covers appear to be in the nature of credit default insurance. Therefore such covers necessarily need to have a different regulatory treatment. The Authority under the powers […]

SEBI bars 197 foreign institutional investors, 342 sub-accounts from trading

October 4, 2010 288 Views 0 comment Print

Market regulator SEBI has barred 197 foreign funds, including those managed by global financial conglomerates like HSBC, Deutsche Bank and Standard Chartered, and 342 sub-accounts from further trading in stock market. These entities have been barred

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