If the market regulator Securities and Exchange Board of India (Sebi) has its way, persons investing in mutual funds must have their own demat accounts. Sebi has sought suggestions on this issue from the Association of Mutual Funds in India (Amfi) which are to be provided by June 15.
Hit hard by the mass exodus of investors, amounting to an average of over 1 lakh a month, the mutual fund houses are knocking on the doors of Sebi, which in turn, is mulling over possible remedial actions including an expanded distribution model for these investment products.
If you are a Mahindra Satyam investor and eagerly awaiting their results by the end of this month then you may have to wait a bit longer. Mahindra Satyam has applied to the Company Law Board seeking an extension for financial restatement till September 30.
Arbitration process is a mechanism to avoid delay in securing justice and preserving right between the disputants / litigants. The objects of arbitration as held by the Supreme Court are to settle all disputes between the parties in order to avoid litigation and further litigation. Arbitration is the reference of a dispute or difference between the parties for determination after hearing both sides in the judicial manner by a person or persons without involvement of the court.
Notification No. 45/2010-Income Tax It is hereby notified for general information that the organization Hirabai Cowasji Jehangir Medical Research Institute, Pune has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules. 1962 (said Rules), from Assessment year 2007-08 onwards in the category of ‘Other Institution’, partly engaged in research activities subject to the following conditions, namely:-
Notification No. 44/2010-Income Tax It is hereby notified for general information that the organization Vedanta Cultural Foundation, Mumbai has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5E of the Income-tax Rules, 1962 (said Rules)
Aided Schools heading for a closure. Education Policies of the Maharashtra Govt. The Right of Children to Free and Compulsory Education Act 2009.[ RTE Act ]. SERIOUS NEED FOR REVIEW. I writing this article I make a presumption that school education is an important subject for the State and central Govt. I fear to prove myself otherwise. Since we are professionals let me make a point wise presentation.
PAN Circular No. 5 2. The PAN Service Providers are hereby directed to use Speed Post as well as Courier mode of delivery of PAN Card. The PAN Service Providers are further directed that if a PAN Card is returned undelivered by one mode of delivery then it should be re-dispatched by using the another mode of delivery i.e. if a PAN Card sent by Speed Post is returned undelivered then it should be re-sent by Courier and if a PAN Card sent by Courier is returned undelivered then it should be re-sent by Speed
It is clarified that the ”tipping off” provision in clause 13.3 of the Master Circular extends not only to the filing of the STR and/or related information but even before, during and after the submission of an STR.
Government Infuses Total Sum of Rs. 8911 Crore During the last Four Months, the Highest Capital Infusion in the Public Sector Banks in Recent Times. As part of the budgetary promise to provide a sum of Rs.16,500 crore to ensure that the Public Sector Banks are able to attain a minimum 8 per cent Tier-I capital by March 31, 2011, the Government today approved infusion of Rs. 6211 crore in five Public Sector Banks.
