Abstract The foundation of corporate governance rests on the principle that a company is a separate legal entity, distinct from its members and its shareholders offering them financial protection. Gradually, Courts realized that this ensured limited liability of individuals is often abused to achieve their selfish goals. The necessary ascent of an equitable doctrine of… Read More

Tags: Companies ActIndiaLawUnited States

Two-Tier Boards in Indian Corporations? An analysis

  Corporate governance practices are in a continuous state of evolution, particularly in a developing economy such as India. It is argued that corporate governance practices in India are an imperfect emulation of western practices, particularly of the Cadbury Committee Report, and subsequently, the UK Corporate Governance Code and the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley).… Read More

Tags: ENRONIndiaRuth Bader GinsburgSarbanes-OxleySarbanes–Oxley ActSupreme Court of the United StatesUK Corporate Governance CodeUnited States

SEBI Board Meeting – Tax related Policies for MFs, Review of Corporate Governance and other decisions

The SEBI Board met in New Delhi today and inter-alia took the following important decisions: I. Review of Corporate Governance norms in India for listed companies The Board has approved the proposals to amend the Listing Agreement with respect to corporate governance norms for listed companies. The amendments, inter-alia, propose to align the provisions of… Read More

Tags: Board of directorsCompanies ActCorporate GovernanceIndiaMutual fundNew DelhiSEBISecurities & Exchange Board of India

Liberalizing FDI Policy

Government has put in place an investor-friendly policy on FDI, under which FDI, up to 100%, is permitted, under the automatic route, in most sectors/activities. Significant changes have been made in the FDI policy regime in the recent times, to ensure that India remains an attractive investment destination. In a recent review of the policy,… Read More

Tags: CourierFDIforeign direct investmentGovernmentIndiaNatural gasStock exchangeTea

How to identify pre-2005 currency notes

This note has the year of printing clearly printed in the middle of the bottom row on the backside. The Reserve Bank of India (RBI) has announced its plans to withdraw all currency noted issued before 2005. Financial experts believe that the move is largely aimed at removing fake or counterfeit currency embedded into the… Read More

Tags: BanknoteCounterfeit moneyCurrencyIndiaPrintingrbiReserve Bank of IndiaRun batted in

Survey of India™s Foreign Liabilities and Assets for the Mutual Fund Companies 2012-13

The Reserve Bank of India today released, on its website, the datarelated to the results of Survey of India's Foreign Liabilities and Assets for the Mutual Fund Companies 2012-13. The data compiled are based on annual survey on India's foreign liabilities and assets (FLA) of the mutual fund companies (MFs) and Asset Management Companies (AMCs)… Read More

Tags: Hong KongIndiaMarch 2012March 2013Mutual fundReserve Bank of IndiaUnited Arab EmiratesUnited States

RBI releases Report of the Committee on Financial Benchmarks

The Reserve Bank of India has, today, placed on its website, the Report of the Committee on Financial Benchmarks. It may be recalled that the Reserve Bank had announced the constitution of the Committee on Financial Benchmarks (Chairman: Shri P. Vijaya Bhaskar, Executive Director) on June 28, 2013 with a mandate to study various issues… Read More

Tags: CommitteeExecutive directorGeneral managerIndiaPress ReleaseReserve Bank of IndiaRun batted inVijaya Bhaskar

RBI releases Report of the Technical Committee on Mobile Banking

The Reserve Bank of India has today released, on its website for public comments, the "Report of the Technical Committee on Mobile Banking". The comments may be emailed sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001… Read More

Tags: IndiaMobile bankingReserve Bank of IndiaShort Message ServiceTelecom Regulatory Authority of IndiaTRAIUnstructured Supplementary Service DataUSSD

Roles and Responsibilities Of Directors Under Companies Act 2013

Who is a Director? An appointed or elected member of the board of directors of a company. He has the responsibility for determining and implementing the company™s policy. A company director need not to be a shareholder or an employee, and may hold only the office of director under the provisions of the Act. Directors… Read More

Tags: Annual General MeetingBoardBoard of directorsChief executive officerCompanies ActCompanySecretaryIndiaLegal liability

Foreign Exchange Management Act – Emerging Issues and Recent Developments – VCCircle

Foreign Exchange Management Act -  Emerging Issues and Recent Developments India is one of the largest FDI destinations in the world with the relaxation of foreign exchange restrictions, there has been a significant flow of investments into India. At the same time, Indian businesses have been making investments and acquisitions overseas. With the inbound and… Read More

Tags: External commercial borrowing (India)FDIFederal Emergency Management AgencyFEMAforeign direct investmentForeign Exchange Management ActFVCIIndiaReserve Bank of IndiaTax treaty

No Service Tax Required to be Paid on Services Provided by Authorised Person to Member of Commodity Exchange

In exercise of the powers conferred by section 11C of the Central Excise Act, 1944 (1 of 1944), read with section 83 of the Finance Act, the Central Government hereby directs that the service tax payable on the services provided by an authorised person or sub-broker to the member of a recognised association or a… Read More

Tags: Finance ActIndiaInsurancePuducherryTamil NaduTaxationTaxation in IndiaWorking time

Indian Banking: the New Landscape

- Keynote address by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at the Mint™s Annual Banking Conference, 2014 in Mumbai on January 31, 2014 Sukumar and Tamal, thank you very much, for this invite. I am happy to note that you and your paper- the Mint, have been focussing on the process of change… Read More

Tags: Banking in IndiaBasel IIICitibank-IndiaIndiaMumbaiReserve Bank of IndiaState Bank of IndiaUnited States

Strategy adopted by RBI for Financial Inclusion

 - Speech delivered by Dr. Deepali Pant Joshi, Executive Director, Reserve Bank of India at a workshop organised by Government of Madhya Pradesh at New Delhi on January 24, 2014 One of the major challenges for next decade or more to banks in the country is to capture the banking business of over 50% population… Read More

Tags: Financial inclusionFinancial servicesIndiaRaghuram RajanrbiReserve Bank of IndiaRun batted inUnique Identification Authority of India

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