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The Reserve Bank has directed urban cooperative banks not to treat the accounts of the farmers covered under the Debt Relief Scheme as bad if they agree to repay 75 per cent of due by June 30, 2010. The RBI directive follows the government decision, ..
The government on Monday said the new FDI policy “is doing very well”, signalling that the private sector banks like ICICI Bank and HDFC Bank will be treated as foreign entities as majority of their ownership lies with overseas investors ..
The government plans to introduce a separate legislation to speed up insolvency proceedings and help distressed firms wind up operations quickly. The new law will shorten the legal processes involving insolvency operations of small and medium entiti ..
SEBI on Monday made it mandatory for all listed companies to disclose their quarterly results within 45 days of the quarter end, to disclose their balance sheets every half year, as well as make sure that their auditors have been subject to the &ldq ..
SEBI, on 5th April 2010, amended certain clauses of the Listing agreements The highlights of the said amendments to the listing agreements are as follows: 1. Clause 24 - Requirement of auditors certificate for accounting treatme ..
SEBI is again taking up for hearing the case relating to the role of audit firm PriceWaterhouse in the multi-core Satyam fraud. This follows the rejection by SEBI of the audit firm's application for a consent settlement earlier this month, a sou ..
The government will shortly introduce a new Companies Act which would ensure greater transparency and accountability in corporate India, a senior Central government official said. "The new Companies Act is already placed on the table of the Hou ..
The decision by the RBI to hike the repo and reverse repo rates by 25 bps last Friday signals the start of a tightening cycle which will keep the INR well supported. The RBI has stressed that developments on the inflation front are a source of growi ..
The Commerce and Industry Ministry is not in favour of allowing foreign direct investment through automatic route in companies of limited liability partnership (LLPs) structure due to security concerns, an official said on Sunday. LLP, the new form ..
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