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Archive: 21 November 2010

Posts in 21 November 2010

Section 11 of the Special Economic Zones Act, 2005 – Rescission of all previous notifications appointing Director, Software Technology Parks of India-Bangalore as Development Commissioner of Information Technology and Information Technology Enabled Servic

November 21, 2010 246 Views 0 comment Print

NOTIFICATION NO. S.O. 2686(E), DATED 29-10-2010 – In exercise of the powers conferred by sub-section (1) of section 11 of the Special Economic Zones Act, 2005, the Central Government hereby rescinds all previous notifications appointing Director, Software Technology Parks of India-Bangalore as Development Commissioner of Information Technology and Information Technology Enabled Services Special Economic Zones, in the State of Karnataka.

Insurance – Interpretation of ‘First Ten Years of Business’ under section 40A of the Insurance Act, 1938

November 21, 2010 1720 Views 0 comment Print

Section 40A of the Insurance Act, 1938 (‘the Act’) lays down the permissible limits for payment of commission or remuneration, in any form, in respect to any policy of life insurance issued in India by an insurer and effected through an insurance agent, in various lines/segments of life insurance business. The proviso to the said section permits life insurers, in the first ten years of business, to pay forty per cent of the first year’s premium payable on the policy, towards commission.

Prime Minster addresses Hindustan Times Leadership Summit – 2010

November 21, 2010 429 Views 0 comment Print

The Prime Minister, Dr. Manmohan Singh addressed Hindustan Times Leadership Summit – 2010 in New Delhi today. Following is the text of the PM’s speech on the occasion: “It is often said that these are testing times. In fact, I cannot help feeling th

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