The uncertainty in the global markets due to recent developments in United States of America (USA) and Euorzone have had some impact on capital markets in India. The economy, however, is basically domestic demand driven, as about 85 per cent of it
The Reserve Bank of India (RBI) Act, 1934 provides adequate protection to small depositors in financial institutions. The interest of Depositors in financial establishments can be broadly divided into two segments (a) companies registered as Non-Ba
The steps taken by the Government to curb circulation of Fake Indian Currency Notes (FICN) in the country include stepping up of vigilance by the Border Security Force and Custom authorities to prevent smuggling of fake notes; dissemination of i
Let me first offer my sincere regards to the former President of India and great philosopher Dr. Sarvepalli Radhakrishnan on the eve of the Teachers Day that is celebrated on 5th September, i.e. his birthday
FOR ATTENTION OF MEMBERS In order to avoid removal of their names from the Register of Members and cancellation of Certificate of Practice, Members who have not paid their fees are requested to remit the same on or before 30th September, 2011 as
The concept of Independent Director has been proposed in the Companies Bill, 2009. Clause 147 of the Bill, provides for duties of directors which include the duty to act in good faith in best interest of company, to act with due and reasonable care
Strengthening of Serious Fraud Investigation Office (SFIO) Keeping in view the recommendations made by Vepa Kamesam committee, it is proposed to give statutory recognition to SFIO. Besides, powers such as treating its investigation report as a r
RBI releases Draft Guidelines for Licensing of New Banks in the Private Sector The Reserve Bank of India released on its website today, the Draft Guidelines for “Licensing of New Banks in the Private Sector”. The Reserve Bank has
Finance Minister Confident of Indias Capacity to Come Out Stronger from any International Financial Crisis; calls for Greater Policy Transparency, Coherence and Coordination Across Sectors and Different Levels of Government The Union Fina
MCA SPV is planning to increase the IT effectiveness of the Official Liquidator offices of Ministry of Corporate affairs for which two applications are envisioned namely, e-Court and eAuction. Proposals are invited from Software Development compa
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