With the objective of increasing insurance penetration using the entire network of bank branches, the Finance Minister in the budget speech 2013-14 announced that banks will be permitted to act as insurance brokers. Consequent to the announcement, IRDA formulated and notified the IRDA (Licensing of Banks as Insurance Brokers) Regulations, 2013 to enable banks to take up the business of insurance broking departmentally.
Niraj Thapa This time I am with the new topic “Financial Derivatives”, the discussion on the said topic has been presented in power point (which is attached in this article). In the article instances have been incorporated from various international books and papers and I have acknowledged the names of writers/books wherever required, so the […]
The Companies incorporated under the Indian Company Law are required to frame different Policies/ maintain systems/ plans and devise Codes of/ for the Company/ Board of Directors and Senior Management Personnel/ Directors and Employees etc. pursuant to the provisions of the Companies Act, 2013 and other corporate laws.
Disclosures of Shareholding and Control under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011-The intent behind the disclosure regime is not only to ensure that the target company is not taken by surprise but also to ensure that the price discovery in the market for the shares of the target company takes place in an informed manner
Draft Scheme for Channelizing Black Money India needs Infrastructure development in a big way. Any amount of foreign investment will not be sufficient for the infrastructure development India need and that too in a rapid phase. No person is without tension in safeguarding the money earned through dubious means and 60 to 75% of the […]
CBDT has Vide Order No. 15 of 2015 dated 30.01.2015 promoted 264 officers in the grade of Commissioner of Income Tax/ Director of Income Tax to the grade of Principal Commissioner of Income Tax in the HAG scale (Rs. 67,000-79,000) with immediate effect and
In the exercise of the power conferred under Section 5A (1) of the Central Excise Act, 1944, the Central Government under vide Notification No.04/2015-CE dated January 30, 2015 has provided the new method of imposition of Basic Excise Duty on Branded High Speed Diesel as follows:
By virtue of fiction created by section 64(IA) of the I.T. Act, 1961, the incomes of properties owned by the two minor daughters, were clubbed in the hands of the assessee since the date of purchase of the said properties.
Whether the assessee firm can get the benefit of Sec. 54EC, even though an investment in respect of capital gain is made by the two partners individually in the notified securities e. bonds issued by the Rural Electrification Corporation Ltd. (RECL)?
In continuation of the guidelines for processing online IEC applications, issued vide Policy Circular No. 15 dated the 31st December 2014, following further instructions and check list are laid down for processing of the IEC applications:
