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.
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.
IPL Chairman Lalit Modi was yesterday questioned by a joint team of Income Tax and Enforcement Directorate officials probing alleged financial irregularities by the T20 cricket body and its franchises. Officials of the two agencies began the exercise around 8.30 this morning at Modi’s office at upscale Four Seasons hotel in central Mumbai and later shifted the venue to the IPL top honcho’s office at Nirlon House in Worli.
Income Tax officials on Thursday swooped down on the Sahara India office in Lucknow looking for documents relating to the company’s bid for the IPL Pune team. The Sahara Group is the owner of the IPL Pune team. It paid a whopping Rs 1,700 crore to win the bid.
THE issue of amendments to the RTI Act including regarding rejection of vexations and frivolous requests was discussed in a meeting held with the Chief Information Commissioners and Information Commissioners on 14.10.2009.
