Sebi seeks public opinion on primary market rules Mumbai May 6, 2009 The market regulator Securities and Exchange Board of India (Sebi) has placed certain proposals for public comment intended to simplify and bring ..
The Supreme Court has ruled that an insurance company cannot issue a policy from a future date without the consent of the insured."The insurance company cannot issue a policy unilaterally from a future date without the consent of the holder of a ..
The Central Board of Excise and Customs (CBDT) asked traders to take to the e-payment solution launched by it. In order to expand the facility to more areas the board was in the process of connecting all its offices through WAN. Addressing the inaug ..
The Reserve Bank of India (RBI) has asked banks to review their existing policies for lending to micro and small enterprises (MSEs) and frame norms for restructuring sick units that are potentially viable. RBI also said that banks should frame polic ..
The two-judge bench of the Supreme Court has referred to a larger bench the controversy regarding the definition of the word shop under the Employees State Insurance (ESI) Act, 1948. A bench comprising Justices Markandey Katju and H L Dattu in their ..
PVT BANKS' FDI ISSUE IN THE COURT OF FINMIN, RBI The controversial issue of private banks, including ICICI Bank, becoming 'foreign' following fresh FDI guidelines, has been tossed back to the court of the Finance Ministry and RBI. The Department of I ..
Just a few months after the issue of global accounting firms partnering with local firms in India to gain market access came to the fore, the Institute of Chartered Accountants of India (ICAI), the chief regulatory body for the accounting professio ..
PVT BANKS MAY BE EXEMPTED FROM NEW FDI GUIDELINES Private sector banks like ICICI Bank, HDFC Bank and Vysya Bank may be kept outside the purview of the new FDI guidelines, with the Government addressing the RBI's concerns on the change of their statu ..
NEW FDI NORMS MAY BE REVISED FOR BANKING SECTOR To avoid problems for Indian banks with majority foreign equity. The new foreign direct investment (FDI) guidelines may be revised with respect to the banking sector to avoid an adverse fallout for Indi ..
Holding back clearance under the Foreign Exchange Management Act to the controversial FDI rules, the RBI has raised concerns over the new guidelines resulting in far-reaching changes in the ownership pattern of private banks. As per the new guideline ..
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