"25 November 2010" Archive

SEBI – Submission of report of the Committee for Review of Ownership and Governance of Market Infrastructure Institutions

PRESS RELEASE NO. 254/2010 (23/11/2010)

SEBI – Submission of report of the Committee for Review of Ownership and Governance of Market Infrastructure Institutions PRESS RELEASE NO. 254/2010, DATED 23-11-2010 The Securities and Exchange Board of India constituted a Committee under the Chairmanship of Dr. Bimal Jalan, (Former Governor, Reserve Bank of India) to examine issu...

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Union Budget- Suggestions from the Industry and Trade Associations for Budget 2011-12 regarding changes in direct and indirect taxe

Union Budget- Suggestions from the Industry and Trade Associations for Budget 2011-12 regarding changes in direct and indirect taxes PRESS NOTE [F.NO.334/5/2010-TRU], DATED 22-11-2010 In the context of formulating the proposals for the Union Budget of 2011-12, the Ministry of Finance would like to be benefited by the suggestions and view...

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Posted Under: SEBI |

Insurance – Guidelines on Variable Insurance Products (VIP)

CIRCULAR NO. IRDA/ACT/CIR/VIP/187/11/2010, (23/11/2010)

CIRCULAR NO. IRDA/ACT/CIR/VIP/187/11/2010, DATED 23-11-2010 The structure of insurance policies evolves over time to provide policy holders, a stream of long term benefits. Generally these changes are in response to changes in the overall financial sector as also to be in line with current consumer expectations. Over the past decade, non-...

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Shares of Money Matters crashes on real estate scam

Share of Money Matters Financial Services today nosedived by 20 per cent, hitting a lower circuit on BSE, on allegations that the firm bribed senior officials of public sector financial institutions for procuring loans for corporates. The Mumbai-base...

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Posted Under: SEBI |

Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to Various Companies Men

Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to the Various Companies Mentioned by CBI : Carry Out an Independent Evaluation on the Asset Quality, Documentation and Compliance of Prudential Requirements;...

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Posted Under: SEBI |

Ban on Exist Polls

Dr. M.Veerappa Moily, Minister of Law and Justice informed the Lok Sabha in a written reply that the Government has amended the Representation of People’s Act to prohibit of conduct of exist polls till the last phase of polling is over. The Minister ...

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Posted Under: SEBI |

Submission of information to Credit Information Companies

RBI/2010-11/286 DNBS(PD-SC/RC).CC. No. 23 /26.03.001/2010-11 (25/11/2010)

It is therefore, advised that SC/RCs on becoming member /members of any Credit Information Company / Companies may provide them the current data in the existing format if not already furnished by the banks/FIs from whom SC/RCs acquire the assets. Care should be taken to ensure that accurate data / history regarding borrowers is given to ...

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Ministry of Finance Calls for Reports from PSBS and FIS Raided by CBI Today

CBI in its press release has stated that it has arrested CEO of LIC Housing Finance Limited(LICHFL), Mumbai, Secretary (Investment), LIC, Mumbai, General Manager, Bank of India, Mumbai, Director (Chartered Accountant), Central Bank of India, New Delh...

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Posted Under: SEBI |

Retail investors can invest up to Rs 2 L in MOIL IPO

The government today said that state-owned MOIL, which will hit the capital markets on November 26, would become the first PSU to come with a public offer where retail investors can invest up to Rs 2 lakh."This would be the first issue by a PSU( MOIL...

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Posted Under: SEBI |

PwC bagged the 'India Tax Firm of the Year' award from the International Tax Review

PwC has bagged the 'India Tax Firm of the Year' award from the International Tax Review (ITR), an globally reputed magazine focusing on international tax strategy. The award was presented at the ITR Asia Tax Awards ceremony held yesterday in Singapor...

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Posted Under: SEBI |

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