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Archive: 23 November 2010

Posts in 23 November 2010

IRDA will soon issue circular on IPO guidelines for life insurance companies

November 23, 2010 340 Views 0 comment Print

Speaking at the graduation ceremony of Executive Programme in Insurance and Risk Management (EPIRM), Mr Hari Narayan said, “if there is an enhancement of FDI, there perhaps will be greater activity in the IPO space. Some companies will start completi

Uncertainty in Telecom sector makes bankers who taken exposure in sector worried

November 23, 2010 231 Views 0 comment Print

As the uncertainty following the Comptroller and Auditor General’s (CAG) report on telecom companies continues, bankers who have taken exposure to these companies are getting the jitters. The plan of action ranges from drawdown of loans to seeking ad

To recover loans bank showing defaulting customers fear of reporting their name to the Credit Information Bureau

November 23, 2010 195 Views 0 comment Print

To recover dues, bankers are trying to put the fear of God into obstinate defaulters to pay up. And how? By making it plain that they could get reported to the Credit Information Bureau, bankers have been able to achieve a modicum of success in recov

RBI allows Urban cooperative banks to lend more with regard to home loans and advances to the realty sector

November 23, 2010 249 Views 0 comment Print

Urban cooperative banks (UCBs) have been allowed to lend more freely now, especially with regard to home loans and advances to the realty sector. The new rules were part of a slew of notifications by Reserve Bank of India easing the norms last week.

Rollout of Point of Taxation rules likely to be pushed to next financial year

November 23, 2010 378 Views 0 comment Print

The Point of Taxation rules, which will allow tax authorities to link the payment of service tax to provision of service, raising of invoice or payment for service — whichever is the earliest — may not be introduced in this financial year. The financ

GMADA fails to deposit advance income tax

November 23, 2010 381 Views 0 comment Print

The survey carried out by sleuths of the Income Tax Department on the Greater Mohali Urban Development Authority (GMADA) on Thursday has revealed that the GMADA has failed to deposit timely advance tax instalments on receipts exceeding Rs 150 crore o

Limited Liability Partnership (Second Amendment) Rules, 2010 – Substitution of Form 10 in the Annexure

November 23, 2010 450 Views 0 comment Print

Limited Liability Partnership (Second Amendment) Rules, 2010 – Substitution of Form 10 in the Annexure Notification No. G.S.R. 914(E), dated 15-11-2010 In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules further to […]

Instruction Contained in Circular of 1995 Modified to Achieve Filing of Documents by Companies with Less Delay

November 23, 2010 408 Views 0 comment Print

The Ministry of Corporate Affairs has modified the instruction contained in circular No.14/3/87-CL-V Vol. III dated 21.3.1995 to permit the period for filing of documents with less delay. This has been done in the light of the fact that implementatio

Statutory Functioning of Competition Commission of India

November 23, 2010 228 Views 0 comment Print

The Minister for Corporate Affairs has said that the Competition Commission of India has fully started its statutory functions except Regulation of combinations, as Sections 5 & 6 of the Competition Act have not been notified. Giving this information

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