India is projected to become the second most attractive destination for FDI in 2010-12, as per UNCTAD’s World Investment Report, 2010. The projection made in the report is based on the survey conducted among Trans National Corporations (TNCs). Countr
As a part of the G-20 commitment made in September, 2009, India which is a Member Country, inter-alia, agreed on redoubling the efforts to achieve a single set of high quality, global accounting standards within the context of their independent stand
F16(375)TAX/VAT/CCT/06/1710 In exercise of the powers conferred by the sub-rule (7) of rule 19 of the Rajasthan Value Added Tax Rules, 2006, and in suppression of Notification No.16(375)Tax/VAT/CCT/06/179 dated 29.06.2010. I, Niranjan Arya, Commissioner, Commercial Taxes, Rajasthan, hereby specify the following class of registered dealers for the purpose of said sub-rule, with immediate effect. namely:
Insurance – Policy Guidelines for Sharing of Information IRCULAR NO. IRDA/F&I/CIR/GLD/202/12/2010, DATED 8-12-2010 A. Introduction: With the increasing integration with the international financial markets and the growing interest in the Indian insurance markets, there are requests for sharing and exchange of information between supervisors and other entities both in the insurance industry and other stakeholders […]
These guidelines are issued under Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and Rule 7 of Prevention of Money-Laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Rules, 2005.
The due diligence on entities to be engaged as the Business Facilitator / Correspondent shall factor the key risks and other risks identified of different capacities of entities. Some of the indicative parameters for due diligence of MFIs/ other entities while considering agency / funding relationship with them are given below.
Industry body Assocham on Thursday asked the government to provide exemption or concession on service tax on rentals to help the retail sector, besides scrapping the levy on dividend received by a subsidiary of a company. Representatives of the indus
A special court conducting trial in the multi-crore accounting fraud in Satyam Computers here today recorded the statements of two state government officials, while a banker was cross-examined. A sub-registrar official D Vasudeva Reddy (Medchal in R
As overseas remittances continue to jump, the Comptroller and Auditor General (CAG) is concerned that the tax collections have not matched the growth in foreign exchange earnings amid fears that some of these transactions may have completely escaped
I have read the proposed Legal Practitioners Act, 2010 and the object may appear to be good, but, it will create so many problems and further damage the profession. When it comes improving the legal system, the unfortunate thing is that we are not addressing the root problem though we are interested to make laws. Except the issue of “All India Bar Council Examination” and the issue of Judicial Standards and Accountability Bill, I have not seen any practical and reasonable steps towards correcting our legal system and strengthening it.
