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Evolution of Performance of Board of Directors

March 9, 2021 17673 Views 1 comment Print

Evolution is a process through which a company access performance , ability ,virtues and eligibilities of its Board of members. Evolution is a process based on some fixed parameters on which performance of Board members are accessed. Performance evaluation is the process of evaluating how effectively employees are fulfilling their job responsibilities and contributing to […]

Concept of “causa proxima or the proximate cause

December 16, 2020 67470 Views 0 comment Print

Dear Friends, you know that insurance has become as essential as our basic requirements of food, shelter, cloths etc. In these days we are facing various types of risks in our home as well as in our offices, road while travelling etc., some are man made and some are nature driven. Insurance against known and […]

Solvency Margin & Insurance Companies/Insurance Sector

December 12, 2020 67389 Views 0 comment Print

Insurance Companies are considered in the category of Financial Companies in India. Insurance industry involves public participation at large. General Public become policyholders /stakeholders in insurance companies. The are putting their hard-earned monies to secure their future from various types of risks. Insurance Development Regulatory Authority of India, established in the year 1999 is controlling […]

Impact of GST on Advances/Security Deposits/Retention Money etc.

November 30, 2020 45864 Views 2 comments Print

Goods and Services Tax Act, 2017 (GST) has brought concept of “One Nation, One Tax”, and has simplified method of collecting and calculating Indirect taxes all over India. There is no cascading affects and ambiguities, while dealing with provisions of GST Act, 2017. We know that for Sale Goods or Supply of Services, the most […]

All about Defamation

November 27, 2020 25613 Views 0 comment Print

We are living in a democratic and republic state. Here our constitution has given us some fundamental rights, which cannot be taken by the government. We are free to live with grace and dignity. The right of reputation is recognised as personal right of every human being and should be protected same as protection of fundamental rights.

Corporate Social Responsibility & Selection of Orgnisation For Partnership

November 26, 2020 1902 Views 0 comment Print

We Indians have charity inherited in our heart, we have grown by seeing that our fathers’ and forefathers are donating in various temples, mosques, gurudwaras and churches.  We are donating or doing philanthropic works without knowing that, who is the true beneficiary of our donation or charity. The fact if also highlighted in Bain & […]

Doctrine of Reinstatement & Insurance

November 21, 2020 23388 Views 1 comment Print

Reinstatement of any property generally means replacement of what is lost or repairing the damaged property by bringing it to its original value and usefulness. In case of total destruction of an asset, the company generally replace the same with new assets or if possible, repair the old one to bring it at the same […]

Concept of Own Risk Solvency Assessment (ORSA)

November 16, 2020 3051 Views 0 comment Print

The insurance companies being a financial institution prone to various types of risks. They treated as custodian to the funds of general public and hence to serve its policyholders properly they have to manage and mitigate various types of risk. These companies are taking risks of general public in lieu of payment of small amount […]

Concept of Reinsurance and Risk Management

November 15, 2020 12486 Views 0 comment Print

CONCEPT OF REINSURANCE  The Insurance companies generally take risks of insured in return for the premium. We know that these insurance companies are also prone to various types of risks. Since they are engaged in Financial Services and hence risks related to finance is huge in modern scenario. These risks increase more and more after […]

GST on Works Contracts and Implication in Oil & Gas Sector

October 14, 2020 19425 Views 0 comment Print

Dear Friends, as you are aware that as per 101st Constitution Amendment Act, 2016 below mentioned goods have been outside the purview of GST; i) Petroleum Crude; ii) High Speed Diesel Oil; iii) Motor Spirit; iv) Natural gas; v) Aviation Turbine Fuel. Some other products such as LPG, fuel oil, kerosene, naphtha etc are included […]

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