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IRDA Circular on Point of Salesperson (POS) Database

April 13, 2017 13920 Views 1 comment Print

As you are aware the Authority has issued amendments to the Point of Salesperson (POS) guidelines on 16.03.2017. wherein an insurer or insurance intermediary proposing to engage the POS person shall ensure that the applicant is not engaged as POS with any other insurer or insurance intermediary by cross checking with the database housed in IIB.

RFP for GST Consultant Appointment in Bank of Baroda

April 13, 2017 4059 Views 0 comment Print

Request For Proposal For Engagement Of Consultant For Implementation Of Goods & Service Tax (GST) in Bank of Baroda

Allocation of additional quantity for export of sugar to USA under TRQ

April 13, 2017 753 Views 0 comment Print

USDA Foreign Agriculture Service has increased the non-country specific Tariff Rate Quota (TRQ) for refined sugar to 2,02,000 MTRV (metric tons raw value) by adding another 40,000 MTRV of speciality sugar, which is available for exporters from all WTO countries for the US fiscal year 2017 (October 1, 2016 to September 30, 2017).

Fast Track Merger Under Companies Act, 2013

April 13, 2017 15102 Views 0 comment Print

Section 233 of the Companies Act, 2013 provides for Fast Track Approach for merger and amalgamation between two small companies* or between holding company and its wholly owned Subsidiary Company.

Appointment of CA Firms with PSPCL for IND-AS implementation

April 12, 2017 9828 Views 0 comment Print

The offer shall be considered only from Indian, Technically competent, experienced and financially sound Chartered Accountant firms who meet the following pre-qualification requirements/criteria:

Customs (Settlement of Cases) Amendment Rules, 2017

April 12, 2017 957 Views 0 comment Print

1. (1) These rules may be called the Customs (Settlement of Cases) Amendment Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

Draft guidelines of Simplified Hedging Facility for Residents & Non-Residents

April 12, 2017 900 Views 0 comment Print

RBI today released draft guidelines of Simplified Hedging Facility for Residents and Non-Residents which permits dynamic hedging of currency risk and simplifies the procedure involved in booking hedge contracts.

Security Substitution Facility for term repos under Liquidity Adjustment Facility

April 12, 2017 885 Views 0 comment Print

As announced in the First Bi-monthly Monetary Policy Statement for 2017-18, it has been decided to allow substitution of collateral (security) by the market participants during the tenor of the term repos conducted by Reserve Bank of India under the Liquidity Adjustment Facility, from April 17, 2017.

Central Excise (Settlement of Cases) Amendment Rules, 2017

April 12, 2017 1659 Views 0 comment Print

Disclosure of information in the application for settlement of cases.–The Settlement Commission shall, while calling for a report from the Commissioner of Central Excise under sub-section (3) of section 32F, forward a copy of the application referred to in sub-rule (1) of rule 2, or sub-rule (1A) as the case may be, to the Commissioner of Central Excise along with the annexure and the statements and other documents accompanying such annexure to the application.

Innovate we must. Failure is not an option

April 12, 2017 1962 Views 0 comment Print

The great Robert Noyce once said, At the heart of what is possible is innovation and imagination. Since I came back to India, I have been even more fascinated by the statement and how aptly it summed up the situation in the country.

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