After telecom giant Vodafone, it is now the turn of another cross-border merger involving Indian assets to have landed in a tax tangle. Sanofi-Aventis, which picked up a majority stake in the unlisted Hyderabad-headquartered pharma major Shantha Biot
THE Secretary of the Indian Ministry of Corporate Affairs, Mr R Bandhopadyay, had recently visited Canberra and Sydney and held fruitful talks with the Australian regulatory authorities on a variety of issues. The Indian delegation had extensive disc
The Institute of Chartered Accountants of India has expressed concern over the inordinate delay in preparation, finalisation and audit of the accounts of many government companies and other State-owned enterprises, which results in financial mismanag
On a petition by shareholders of the company and a section of employees, the CLB Bench based in Chennai and chaired by Ms Lizamma Augustine, in its November 8 order, directed that the affairs of the company would be looked after by the management com
Section 5 of the Central Sales Tax Act, 1956 – When is a sale or purchase of goods said to take place in course of import or export – Designated Indian carrier specified for purpose of section 5(5) NOTIFICATION NO. S.O. 2710(E), DATED 4-11-2010 In exercise of the powers conferred by sub-section (5) of section […]
All Insurers are increasingly using outsourcing, as a means of both reducing cost and accessing specialist expertise, not available internally and achieving strategic aims. ‘Outsourcing’ may be defined as Insurer’s use of a third party (either an af
CIRCULAR NO. IRDA/ACTL/ULIP/124(2)/10/2010, DATED 27-10-2010 This has reference to the following circulars & regulation issued by the Authority: 1. IRDA/ACT/CIR/ULIP/102/06/2010, dated June 28, 2010 2. IRDA/Actl/Cir/ULIP/124/08/2010, dated 4th August, 2010 3. IRDA (Treatment of discontinued Linked Insurance Policies) Regulations, 2010. In the life insurance industry, group linked products could be broadly categorised into two, viz., fund-based […]
More trouble seems to be in store for telecom minister A Raja, with the income-tax department resuming a probe on whether his ministry was involved in any irregularity while allocating the 2G spectrum to new players. According to an official of the
“Around 2.5 lakh staffers of SBI, including 80,000 officers, will go on a two day strike from November 25 to protest against the new pension scheme and to press for redressal of wage related issues,” General Secretary of All India State Bank Officers
Worried over reports of alleged corruption especially in issuing refunds to taxpayers, the Income Tax Department has brought its own officials under strict vigilance scanner and has issued instructions to the top brass to constantly monitor the proce
