Government eased FDI norms for construction, real estate sector

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The MODI government has eased the foreign investment rules in construction to attract money into the sectors which are short of funds and serve its dual objectives as promised of creation of more and more employment opportunities and all the Indian families shall have their own roof to live in. The Union Cabinet has approved a comprehensive proposal by the Department of Industrial Policy & Pro...
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Seminar on PE/VC Exit Strategies by VC Circle at Mumbai on 21st Nov,2014

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The most successful exits require considerable planning. The sooner you start, the more rewarding your eventual exit is likely to be. The range of exit strategies includes taking the company public through an initial public offering (IPO), selling the company to a strategic acquirer or recapitalizing and selling the firm to the management team, also known as a management buyout. Most of those ...
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Court may declare the judgement date on October 30, 2014 in Satyam Fraud

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A local court trying over the case of the big accounting fraud in the case of the Satyam Computers is likely to announce the judgement date on October 30, 2014. An order has been made that all the accused more than 10 in no. which includes the top management, the auditors and other top executive employees shall appear before the court on the date of the hearing. The scam had been embarked as...
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Companies with Woman Directors on Board mint more money

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The Companies with Woman Directors on their Boards are strengthening in terms of monetary value than those with no women directors on the board. This is not because it is good for your public image and not only because you have to meet government norms rather because it makes good business sense and Boards with women provide better financial returns than those without. That's a detailed analysi...
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Spending on CSR mandatory for all public sector companies

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In the recent revised guidelines, made by the Department of Public Enterprises the government has made it mandatory for all profit-making central public sector companies to spend money on CSR activities. Besides, these enterprises cannot include money spent on sustainable development efforts under the Corporate Social Responsibility (CSR) scope. The Department of Public Enterprises (DPE) has...
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Service tax return for period April 2014 to September 2014 deferred till 14th November, 2014

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The central board of excise and customs has issued an order no. 02/ 2014 dated 24th October, 2014 to defer the due date for the service tax return in form ST 3. The date has been extended from 25th October, 2014 to 14th November, 2014. All the service providers are requested to plan and initiate the returns accordingly in due course of time....
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Amendment to Schedule VII i.e. CSR under the CA 2013

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The Ministry of Corporate Affairs has amended the Schedule VII of CSR vide a general notification dated 24th October, 2014 informing the stakeholders to increase the scope of activities for spendings as a part of CSR which are as follows: 1. In item no. (i) after the words ' and sanitation' the words contribution made to Swatch bharat kosh for promotion of sanitation problems shall be inserted....
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Indian economy likely to grow at faster pace draws huge investments

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The country's economy will likely grow at its fastest pace in two years in the current fiscal year as Prime Minister Narendra Modi initiates reforms to attract investments in the country. The decision from Modi's election victory earlier in the year helped India's economy growth rate increase for the quarter ending in June. Hope of another plethora of reformatory measures are expected from t...
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Know Your Customer (KYC) Norms: Clarification on proof of address

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RBI/2014-15/273 UBD. BPD (PCB). Cir.No. 22/14.01.062/2014-15 October 22, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Know Your Customer (KYC) Norms – Clarification on proof of address Please refer to our circular UBD.BPD.(PCB).Cir.No.69/14.01.062/2013-14 dated June 10, 2014 on the captioned subject. In this connection we also draw your atten...
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PM Modi brightens the economic prospects with reforms

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The Prime Minister Shri Narendra Modi has made certain reforms in the last week by cutting down the fuel prices, pledging to open up the coal mining for the private players. The reforms are seen as some of the most significant since the BJP had come up in the ruling phase by the country's biggest electoral win. Modi is dedicated and determined to make business in India easy by adopting the m...
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