Govt. cautious in allowing FDIs in LLP format

The government has taken a cautious approach towards allowing FDI in the hitherto untried LLP format of business, mostly preferred by professionals, experts said today. The government has allowed FDI in Limited Liability Partnership (LLPs) only in sectors where 100 per cent FDI is allowed under the automatic route. But still government approval is must… Read More

Tag: FDI in LLP

FIIs and MFs to hedge risk against default in corporate bonds

The Reserve Bank today came out with a credit default swap (CDS) guidelines that would allow corporate entities including insurers, FIIs and mutual funds to hedge risk against default in corporate bonds to which they subscribe. The guidelines, which were finalised by the RBI after receiving views from stakeholders, will come into effect from October… Read More

Tag: credit default swap guidelines

Guidelines on Credit Default Swaps (CDS) for Corporate Bonds

RBI/2010-11/542; No. 5053 /14.03.04/2010-11; May 23, 2011 All Market Participants Guidelines on Credit Default Swaps (CDS) for Corporate Bonds As indicated in paragraph 113 of the Second Quarter Review of Monetary Policy for year 2009-10, an Internal Group was constituted by the Reserve Bank to finalise the operational framework for the introduction of plain vanilla OTC single-name CDS… Read More

Income tax refunds takes a slow pace

Amid fears of slowdown in tax collection in the current fiscal, the Finance Ministry today indicated that it may go slow on disbursement of pending income tax refunds. The indication was given by Revenue Secretary Sunil Mitra at the annual conference of chief commissioners and directors general of income tax here. "The Board's (CBDT) proposal… Read More

Tag: Income Tax Refunds

FM Inaugurates the 27th Annual Conference of Chief Commissioners and Directors General of Income Tax

 The Union Finance Minister Shri Mukherjee said that for the Financial Year 2011-12, the Income-tax Department has been given a tax collections target of about Rs.5.33 lakh crores, which is at 20 per cent growth over the actual collections of the preceding year i.e. 2010-11. He said that the 13th Finance Commission (2010-15) has… Read More

Government Permits FDI in LLP Firms

The Government of India has reviewed the extant policy on FDI and decided to permit FDI in LLP firms, subject to specified conditions. Accordingly, the following changes are made in ˜Circular 1 of 2011-Consolidated FDI Policy™, which became effective from April 1, 2011: (A) Insertion of a new paragraph (2.1.41): A new paragraph (2.1.41) is… Read More

Tag: FDI in LLP

9TH ALL INDIA MOOT COURT COMPETITION 2011

Organized by Western India Regional Council of ICSI And Hosted by Pune Chapter of WIRC of ICSI Dates for the Competition a. Regional Level Saturday, June 18, 2011 at the office of respective Regional Council b. National Level - Saturday, July 2, 2011 at Pune at Regional Students™ Conference of WIRC of ICSI Rules for… Read More

National Conference on Value creation through M & A

National Conference on Value Creation through Mergers & Acquisitions will be held on June 03, 2011 in Hotel Hindustan International, AJC Bose Road, Kolkata. The registeration and networking tea will start from 9.45 am onwards continued by the welcoming speech by Shri  Pavan Kumar Vijay, Chairman, M&A Council of ASSOCHAM & M.D., Corporate Professionals Capital Pvt. Ltd.… Read More

Sharma to take up Extension of DEPB scheme with FM

Making out a case for extension of the popular incentive scheme - DEPB - for Indian exporters, Commerce Minister Anand Sharma today said he will take up the issue with Finance Minister Pranab Mukherjee on his return to New Delhi. "I am one who is not subscribing to this view that our exports have reached… Read More

Tag: DEPB Scheme

MCA 21 site relaunched with a New Look

The Minsitry of Corporate Affairs (MCA) site  http://mca.gov.in/MCA21/ has been relaunched today with a new look and feel which is much more cleaner & colorful. The Minstry has been keeping vibrant these days with the Green initiatives and this seems to be a feather in the cap. Good Job MCA.          … Read More

Lifting of ban on Wheat and Rice after the proposed National Food Security Act

Agriculture Minister Sharad Pawar today said the government will take a final view on lifting the export ban on wheat and non-basmati rice after assessing foodgrains requirement under the proposed National Food Security Act. Last month, Pawar had said that the government should give a serious thought on allowing export of wheat and non-basmati rice,… Read More

Assocham calls for Lifting of ban on raw cotton exports

Industry body Assocham today called for lifting of the ban on raw cotton exports following a 40 per cent decline in cotton prices during the past one-and-a-half month, to protect farmers interests across the country. "The government must allow cotton exports immediately or those holding stocks will have to bear heavy losses. Traders will not… Read More

2G case : 5 Corporate honchos in Jail

Five corporate honchos, including Unitech Group MD Sanjay Chandra and Group MD of Reliance ADAG Gautam Doshi, will remain in jail in the 2G case with the Delhi High Court today dismissing their bail pleas, saying "the gravity of offence itself is sufficient to deny bail". Besides Chandra and Doshi, Justice Ajit Bharihoke also rejected… Read More

Tag: 2G scam

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