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Archive: 11 January 2018

Posts in 11 January 2018

Exposure Draft on IRDA (Minimum Information for Inspection or Investigation) Regulations 2018

January 11, 2018 1086 Views 0 comment Print

The Government of India issued Insurance Laws (Amendment) Ordinance, 2014 which was later formalized as Insurance Laws (Amendment) Act, 2015 which amended certain provisions of the Insurance Act, 1938 and IRDA Act, 1999.

IRDA issues Clarification on MISP Guidelines

January 11, 2018 4203 Views 0 comment Print

Clarification on MISP Guidelines 1. Creation of panel of insurers by insurance intermediary or MISP 2. Role and responsibilities of MISP vis-à-vis Original Equipment Manufacturers (OEM’s)

Exposure Draft on repealing of IRDA (Standard Proposal form for Life Insurance ) Regulations 2013

January 11, 2018 606 Views 0 comment Print

Presently life insurers file proposal forms with IRDAI and reviewed under the File and Use procedure at the time of product clearance. The proposal forms are customized by Life Insurers for the specific products and there is no useful purpose served by mandating a uniform proposal form format for all companies and products.

8 Major Reasons why your Loan Application can be Rejected

January 11, 2018 3714 Views 0 comment Print

A house, an MUV, your child’s education, a foreign holiday: you could have myriad reasons for applying for a bank loan.

Fund the political party you support in a Transparent Manner : Electoral Bonds Regime Begins

January 11, 2018 2208 Views 0 comment Print

The conventional system of political funding is to rely on donations.  These donations, big or small, come from a range of sources from political workers, sympathisers, small business people and even large industrialists.

E-Waybill under GST

January 11, 2018 12780 Views 4 comments Print

According to 24th GST Council Meet held on 16th December 2017: 1. E way bill rules will be rolled out on a trial basis from 16th Jan 2018, 2. The e-way bill rules will be implemented in India from 1st February 2018, 3. The states can opt to follow the e-way bill system anytime before 1st June 2018, 4. From 1st June 2018 e-way bill rules will uniformly apply to all states.

Gimmicks in Composition Scheme under GST

January 11, 2018 3813 Views 1 comment Print

Post outlines How Composition Scheme under GST is a colorable device to tax the exempt supplies & further the Sec 10 violates the Article 14 of Constitution of India.

News of discontinuation of free services by Banks is fake: IBA

January 11, 2018 4077 Views 1 comment Print

Indian Banks Association clarified that some segment of social media based on misinformed communication and spreading false information that all free services of public sector banks will be ceased by January 20, 2018. In addition, there is neither a move by banks for such blanket removal of free services nor such thing is being contemplated. […]

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