Prevention of Money laundering in Insurance Business The word "laundering" literally means washing  dirty clothes. Money laundering means  conversion or laundering of money which i...

NEW RBI CIRCULAR FOR COMPOUNDING OF CONTRAVENTIONS UNDER FOREIGN EXCHANGE MANAGEMENT ACT, 1999 (FEMA):   INTRODUCTION: The Reserve Bank of India vide its A.P. (DIR series) Circular no. 56 dated...

AUDIT OF ACCOUNTS IN CASE OF COMPANIESWhenever any person starts his business, he wants to keep an account whether he is earning Profits or losses, whether he is in Proprietorship, partnership or a Co...

  I Acquisition of Immovable Property in IndiaQ.1 Who can purchase immovable property in India?A.1 Under the general permission available, the following categories can freely purchase immovable...

CII says control call valid and they’re at it, Ficci says keep off Corporate affairs minister Salman Khurshid’s views on the need to control the salaries of Chief Executive Officers (CEOs)...

NEW DELHI: India Inc’s ire at corporate affairs minister Salman Khurshid for his remarks that CEOs should not earn ‘vulgar’ salaries appears to be misplaced. Instead of shackling CEO...

The Government is planning to strengthen the National Advisory Committee on Accounting Standards (NACAS), a move that will make the Institute of Chartered Accountants of India (ICAI) report to NACAS....

The Institute of Chartered Accountants of India (ICAI) is planning to introduce sector-specific accounting standards to bring in more transparency in handling corporate accounts. ICAI’s Committe...

Press Release We are deeply hurt by the news report in the Livemit dated 30th September, 2009 titled “ICAI wings clipped over Satyam Scam”. The title of the report so published is itself in...

The advance tax collections have registered a positive growth in the second quarter after witnessing a negative growth in the first quarter. While sectors such as consumer durables, automobiles, softw...

Takeover code set for complete makeover SEBI (SAST) Regulations, 1997 which has been introduced in the year 1997 are now under consideration for a substantial change. The securities and Exchange Boar...

Dear Friends, As you are aware of the fact that Delhi Stock Exchange, who was one of the leading Stock Exchange in 90’s, is ready to re-launch its trading platform to provide the liquidity to...

Limited Liability Partnership entities, the world wide recognized form of business organization has now been introduced in India by way of Limited Liability Partnership Act, 2008. A Limited Liability...

Limited Liability Partnership Act 2008 was enacted by the Parliament on 31st of March 2009 containing 81 Sections, 4 Schedule and 29 Forms. Out of entire 81 Sections, only 71 Sections has been yet...

Two NRI""s propose to form a company in India and bring in their investment into the said company to carry on the business activity of importing various gift items from abroad and sell them...

he government has plans to cap the number of productcategories that may be sold under a single foreign brand in India. Thedepartment of industrial policy and promotion (DIPP), the nodal departmentfor...

LIC amendment Bill also to be introduced.      Our Bureau New Delhi/Hyderabad, Oct. 31 The Union Cabinet has given its approval for the introduction of the Insurance (Amendmen...

No relief in sight for NBFCsAkash Joshi, Sunny VermaPosted online: Oct 31, 2008 at 0107 hrsNew Delhi, Mumbai, Oct 30 On Wednesday, the Reserve Bank of India allowed non-banking financial companies (NB...

Rajat Guha NEW DELHI THE government is planning to scrap Press Note 1, which bars a foreign company with a joint venture in India from setting up its own operations in the same line of business withou...

Investment bank o3 Capital Advisors is launching a $300 million media equity fund which will pick up stakes in growth stage companies in exchange for advertising space in newspapers, radio, television...