After the initial hesitation, some of the private sector life insurance companies are launching unit-linked pension plans, but only with a single premium option. While ICICI Prudential has recently launched its single premium unit-linked pension plan
This circular is issued in exercise of powers conferred under section 11(1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996 to protect the interests of Investors in securities and to promote the development of and to regulate the securities market.
It is accordingly advised that amount raised by issue of infrastructure bonds by Infrastructure Finance Companies, as specified in the notification issued from time to time by the Central Government under Section 80CCF of the Income Tax Act, 1961, shall not be treated as ‘public deposit’ within the meaning of paragraph 2(1) (xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.
Notification No. 33/2010 -Central Excise, New Delhi, the 19th October, 2010 G.S.R. 845 (E). — In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) read with sub-section (3) of section 111 of Finance(No.2) Act,1998 ( 21 of 1998), sub-section (3) of section 133 […]
PUBLIC NOTICE Department of Labour Government of Maharashtra Maharashtra mandates payment of bonus only through cheques/banks The Government of Maharashtra vide ordinance from the Labour Department dated 17.09.2010 has mandated payment of bonus to all workers/employees through cheque/bank account only. The employers should, therefore, immediately open their own bank accounts and those of their workers, […]
India’s largest distribution network with 1.55 lakh offices has been thrown open to the insurance industry with the industry regulator allowing IndiaPost to sell policies of multiple insurance companies. This opens a new distribution channel for insurers who have been desperately trying to poach bank distributors from rivals to increase their reach.
Notification No. VI(A) – AD(AT)/2010-Income Tax In supersession of Order No. VI(A)-Ad(A)/2016, dated the 20th September, 2006 and in exercise of the powers conferred by sub-section (5) of section 252 of the Income Tax Act, 1961 (No. 43 of 1961) as amended by the Finance Act, 1984 (No. 21 of 1984), the President, Income Tax Appellate Tribunal, hereby delegates to the Senior Vice-President/Vice Presidents of the various Zones
Notification No. 80/2010-Income Tax In exercise of powers conferred by clause (xii) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Tata AIG Easy Retire Annuity Plan of the Tata AIG Life Insurance Company Limited, as approved by Insurance Regulatory and Development Authority vide its letter dated 23rd November, 2007, as the annuity plan of the ICICI
G.S.R. (E). -In exercise of the powers conferred by sub-section (1) read with sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) and rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, and on the basis of findings of the designated authority vide notification No. 14/03/2005-DGAD, dated 20th August,2010 published in the Gazette of India, Extraordinary, Part I, Section I, dated 23rd August,2010, the Central Government, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.
The collecting banks should, however, be aware that in the event of a claim by the true owner of the cheque, the rights of the true owner of the cheque are not in any manner affected by this circular and banks will have to establish that they acted in good faith and without negligence while collecting the cheque in question.
