The Government proposes to set up two new Regional Directorates of the Ministry of Corporate Affairs. Giving this information in written reply to a question in the Lok Sabha, the Minister for Corporate Affairs, Shri Salman Khurshid, informed the House that one Regional Directorate would be set up in the North Western Region in Gujarat (Ahmedabad) and the other in the North Eastern Region in Assam (Guwahati).
Embattled IPL Commissioner Lalit Modi today urged the BCCI to give him just five days to prepare answer for all the questions in lieu of his five year long services and he is unlikely to move court against IPL’s governing council meet on April 26.
As per Insurance Regulatory & Development Authority (Registration of Insurance Companies) Regulations, 2000 the life insurance includes contracts of both unit linked insurance products (ULIPs) and non-linked insurance products. However, the Securities and Exchange Board of India (SEBI) is of the view that ULIPs have an investment component and are offered for sale to the general public for which SEBI has the mandate to regulate.
Auditors are less likely to find manipulated earnings when management directs their attention away from areas of financial statements that contain errors. Distraction and deception go hand in hand, whether in a magic act or at a dishonest company. Sam Antar, the ex-CFO of electronics retailer Crazy Eddie, kept auditors away from the company’s fraudulent practices in the 1980s in part by having his staff distract them with constant small talk and invitations to coffee and lunch.
Teaser home loan rates, which entice borrowers with a low fixed rate initially and then move to a floating rate, are a matter regulatory concern and may impact financial stability of the lenders, Parliament was informed on Friday.
A Power of Attorney is executed by the client in favour of the stock broker /stock broker and depository participant to authorize the broker to operate the client’s demat account and bank account to facilitate the delivery of shares and pay – in/ pay – out of funds.
Since Rajendra Nagar Municipality is not notified by the Central Government, the agricultural land falling therein cannot be treated as capital asset by taking the distance from the limits of Hyderabad Municipality.
Continuing their round of ‘survey’ of the offices of all IPL teams, the income tax authorities on Thursday visited the Sahara Group’s offices in Lucknow and Mumbai, the offices of GMR in Delhi and those of Red Chillies in Mumbai, owned by cine star Shahrukh Khan who has a major stake in the Kolkata Knight Riders IPL team.
The questions the Comptroller and Auditor General of India has asked the communications ministry under A Raja really cut to the heart of the heart of the 2G licence scam in 2008, a scam estimated by many to have cost the government around $8-10 billion in terms of lost revenues.
The government on Wednesday said that the Securities and Exchange Board of India (Sebi) guidelines which require listed companies to meet corporate governance norms for best practices in management may now be extended to unlisted companies as well.
