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IRDA regulations for linked insurance products

February 16, 2013 12915 Views 0 comment Print

The Authority has power to make a detailed review of the guidelines on an ongoing basis for such modifications as may be deemed necessary towards protection of the interests of the policyholders

IRDA Regulations on Issuance of Share Capital by General Insurance Companies

February 16, 2013 2040 Views 0 comment Print

IRDA (ISSUANCE OF CAPITAL BY GENERAL INSURANCE COMPANIES) REGULATIONS, 2013 NOTIFICATION F. NO. IRDA/REG./12/70/2013, DATED 16-2-2013 In exercise of powers conferred under section 14 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), read with sections 6AA and 114A of the Insurance Act, 1938, the Authority, in consultation with the Insurance Advisory […]

IRDA issues Standard proposal form for Life Insurance Regulations

February 16, 2013 615 Views 0 comment Print

The date of implementation of the obligations under Regulations 5, 6, 7, 8, 9 & 10 shall be from the date following six calendar months from the date of publication of these Regulations in the official gazette.

Notification No. 4/2013-Customs, Dated : Feburary 14, 2013

February 14, 2013 411 Views 0 comment Print

The principal notification No. 103/2009-Customs, dated the 11th September, 2009 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 669 (E), dated the 11th September, 2009 and was last amended by notification

Regarding import of catalyst for one subsequent charge under EPCG scheme

February 13, 2013 2365 Views 0 comment Print

That the catalyst for one subsequent charge shall be allowed, under the authorization in which plant, machinery or equipment and catalyst for initial charge have been imported, except in cases where the Regional Authority issues a separate authorization for catalyst for one subsequent charge after the plant, machinery or equipment and catalyst for initial charge have already been imported.

Regarding Export of Stone Aggregate to Maldive

February 8, 2013 613 Views 0 comment Print

Export of Stone Aggregates to the Republic of Maldives permitted vide notification dated 07.06.2011 is stopped till further notice.

FTP – Duty credit scrips issued under Post Export EPCG Scheme will be issued only in respect of basic customs duty

February 8, 2013 679 Views 0 comment Print

It is clarified that duty credit scrips issued under Post Export EPCG Scheme will be issued only in respect of basic customs duty and will have the same features as Chapter 3 scrips.

Exemptions to prohibition on export of edible oils notified on 19.10.2012

February 5, 2013 586 Views 0 comment Print

Export of edible oils was initially prohibited for a period of one year with effect from 17.03.2008 vide Notification No. 85 dated 17.03.2008 which was extended from time to time. Vide Notification No. 24(RE-2012)/2009-14 dated 19th October 2012, prohibition on export of edible oil has been extended till further orders.

IREDA can issue tax free bonds during FY 2012-13

February 5, 2013 1388 Views 0 comment Print

Notification No. 10/2013 – Income Tax SECTION 10(15), ITEM (h) OF SUB-CLAUSE (iv) OF THE INCOME-TAX ACT, 1961 – EXEMPTIONS – INTEREST ON BONDS/DEBENTURES – SPECIFIED COMPANIES AUTHORIZED TO ISSUE TAX-FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS DURING F.Y. 2012-13 – AMENDMENT IN NOTIFICATION NO. SO 2685(E), DATED 6-11-2012, READ WITH CORRIGENDUM NO. SO 2717(E), DATED 15-11-2012 NOTIFICATION NO. 10/2013[F.NO.178/6/2013(ITA-I)]/SO 321(E), DATED 5-2-2013

Value added agricultural products exempted from Export restrictions/ban

February 4, 2013 1114 Views 0 comment Print

Export of above processed and/or value added agricultural products will be exempted from any restriction / ban even in the event of restriction / ban on the export of basic farm produce.

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