"24 April 2011" Archive - Page 2

Sebi to introduce self-regulatory mode for wealth managers

In its new set of rules for an estimated USD-1 trillion wealth management industry, Sebi is planning to set up an intermediary regulatory body with representation from among the wealth managers themselves. In the proposed self-regulatory model, the market watchdog will put the onus entirely on wealth managers for compliance to the regulat...

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Posted Under: SEBI |

State wise stamp duty rules for eForm 1, MOA, AOA, eForm 5 and eForm 44

State wise stamp duty rules for eForm 1, Memorandum of Association (MoA), Articles of Associations (AoA), eForm 5 and eForm 44). Download Stamp duty rates for Form 1, MoA, AoA, and Form 5 for all the states in India. Stamp duty rules for Form 44 Rs. 100 for Delhi and Rs. 50 for all other states/ UTs. ...

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Posted Under: SEBI |

New Section 11A of the Central Excise Act Vivisected after the Budget 2011

Other than the reason of fraud or collusion or any wilful misstatement or suppression of facts or contravention of any of the provisions of this act— In Sub-section (1) Clause (b) The Person Chargeable with duty may, before issue of notice under clause (a) pay on the basis of --(i) his own ascertainment of such duty; or (ii) duty ascer...

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Posted Under: SEBI |

SEBI bars unregistered ICICI sub-broker from dealing in the capital market

Market regulator SEBI barred one Reena Bansal from dealing in the capital market and accused her of violating norms by acting as an unregistered sub-broker."...restrain Reena Bansal from buying, selling or dealing in the securities market in any manner whatsoever or accessing the securities market, directly or indirectly, either for herse...

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Posted Under: SEBI |

Sebi to frame rules for art funds, antique investments to curb blackmoney in these

The Securities and Exchange Board of India (Sebi) may soon frame a stringent set of rules for funds investing in art works, antiques, coins and stamps, with an aim to check black money flow into these products and safeguard the interest of genuine investors. Sebi considers investment funds focussed on art works, antiques, coins and [&hell...

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Posted Under: SEBI |

RBI fixes limit for Ways and Means Advances (WMA) for the financial year 2011-1

he Reserve Bank of India has been decided with the Government that the Ways and Means Advance limits will changed and interest rate will also changed. It has been decided in consultation with the Government of India that the limits for Ways and Means Advances (WMA) for the financial year 2011-12 would be:...

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Posted Under: SEBI |

57 Indian companies figure in Forbes Global 2000 list of public companies

As many as 57 Indian companies including Reliance Industries , State Bank of India and Oil & Natural Gas Corp. figure in The Forbes Global 2000 list of public companies based on their rankings for sales, profits, assets and market value. Reliance with sales of $45.3 bn is ranked 121st in the list with three public State Bank of India Grou...

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Posted Under: SEBI |

Black money in Swiss banks – Finance Ministry admits it has no authentic figure

Many NGOs and whistleblowers have complained to authorities that Indian money worth several thousands crore was illegally routed to many tax havens and urged government to take strict measures to put a bar on it. Finance Ministry admits it has “no authentic figures” about the quantum of black money deposited in Swiss banks. It is sta...

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Posted Under: SEBI |

Govt may allow 100 per cent foreign direct investment in sea plane operations

Government is planning 100 per cent foreign direct investment in sea plane operations as there is scope of phenomenal growth of sea plane, general aviation and helicopter travel. With India having a long coast line, there is a need for concerted efforts to promote sea plane operations. They are significant for the economy of islands like ...

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Posted Under: SEBI |

XBRL India invites expert on XBRL

In the recent times, XBRL has emerged as a novel way of electronic communication of financial and business data which is revolutionizing business reporting around the world. Considering the benefits attached with implementing XBRL in the preparation, analysis and communication of business information, the regulators in India have also dec...

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Posted Under: SEBI |

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