Others - Corporate Law Reporter

Modification of Guidelines for Individual Agents for Persistency of Life Insurance Policies -IRDA

To All Life Insurers, Re: Modification of Guidelines for Individual Agents for Persistency of Life Insurance Policies -IRDA Reference is invited to the captioned circular issued by the Authority. The Authority is in receipt of representations from the Industry seeking revisiting of certain provisions of the said circular. Accordingly, keeping in view the objective of ensuring higher levels… Read More

Modification of Guidelines pertaining to Individual Agents -IRDA

To All Non Life Insurers, Re: Modification of Guidelines pertaining to Individual Agents -IRDA In partial modification of Clause (1) of the captioned circular the term 'relative' is re defined as lithe term 'relative' shall include spouse, dependent children or dependent step children, whether residing with the employee or not". Further it is clarified that this clause… Read More

Terms of Reference of Task Force, soon to include an Aadhaar-enabled unified payment infrastructure

The terms of reference of the Task Force under the Chairmanship of Shri Nandan Nilekani, Chairman, Unique Identification Authority of India (UIDAI) has been expended to include an Aadhaar-enabled unified payment infrastructure. The said Task Force was constituted by the Ministry of Finance in February 2011 to recommend and implement a solution for direct transfer… Read More

BRICS Finance Ministers in Washington DC on September 22, 2011

The Union Finance Minister Shri Pranab Mukherjee said that India is convening a meeting of BRICS Finance Ministers in Washington DC on September 22, 2011 on the sidelines of the Fund-Bank and G-20 Meetings. The Finance Minister said that we would explore the manner in which BRICS could coordinate in addressing the evolving economic and… Read More

Govt. not to proceed with further public offer of 5% paid-up equity shares of ONGC

The Government has decided not to proceed for the time being with further public offer of 5% paid-up equity shares of Oil and Natural Gas Corporation Limited (ONGC ) through an offer for sale. However, the Government continues to believe in the inherent strength of ONGC . The decision will be evaluated in due course… Read More

Major Collaborative Projects in Scientific Research for Advanced Research between India and UK

Dr. Ashwani Kumar, Minister of State for Planning, Science & Technology and Earth Sciences and Mr. Gordon Brown, former Prime Minister of Britain today discussed perspectives of ways and means to further consolidate cooperation between UK and India through Science & Technology and Innovation space in the margins of the Summer Davos conference now underway… Read More

ICSI to organise the 6th International Professional Development Fellowship Programme, 2011

The Institute of Company Secretaries of India (ICS)) is organizing the 6th International Professional Development Fellowship Programme - 2011 from Friday, the 18th November, 2011 to Sunday, the 27th November, 2011. Registration : The number of Delegate is limited to sixty, on first paid first admitted basis as per terms of payment of delegate fee. In case,… Read More

Relief measures regarding National Small Savings Fund (NSSF)

The Union Cabinet today approved the proposal of Ministry of Finance to withdraw the reduced interest rate of 9% in respect of National Small Savings Fund (NSSF) loans in case a State deviates from the targets in the FRBM Act of the State and to restore the original interest rate from the year 2012-13. The… Read More

President Calls for Speedier Development of it Software Applications in Hindi

Hindi Day was celebrated with the President of India, Smt. Pratibha Devisingh Patil as the Chief Guest, in New Delhi today. Dr. Devisingh Ramsingh Shekhawat, the President™s spouse also graced the occasion. Union Home Minister Shri P. Chidambaram presided over the function. The Ministers of State, Ministry of Home Affairs, Shri Mullappally Ramachandran and Shri… Read More

Aadhar Hindi Website launched by Nandan Nilekani

Chairman, Unique Identification Authority of India (UIDAI), Shri Nandan Nilekani, launched the Hindi version of the UIDAI web portal, here on Wednesday to mark Hindi Diwas. The website is quite comprehensive and is a complete Hindi translation of the UIDAI portal. Unlike other websites translated into Hindi, this Hindi portal is a sensible translation of the master website, said Shri NandanNilekani.… Read More

Civil Aviation Safety Advisory Body

In order to further strengthen aviation safety environment through synergisation of available expertise, a Civil Aviation Safety Advisory Council (CASAC) under the Chairmanship of Secretary, Ministry of Civil Aviation has been formed. The members of the council inter alia include heads of scheduled airlines, experts in flight operations, airworthiness, air navigation, aerodromes & heliports, aircraft… Read More

Amendment in Anti-Corruption Act, 1988

The property of corrupt public servant is confiscated under the provisions of Criminal Law (Amendment) Ordinance, 1944 and Prevention of Money Laundering Act, 2002. However, to make the Prevention of Corruption Act, 1988 self contained and comprehensive the Government is considering incorporating the provisions for confiscation/forfeiture of property of corrupt public servants in the Prevention… Read More

Companies in the name of Baba Ramdev

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the LokSabha that as per latest information available, no company with Baba Ramdev as Director is registered in the country. However, 34 companies are registered in the country with Acharya Balkrishna as Director. The details of the above companies, State-wise alongwith their annual turn-over are as under:- Sl.… Read More