Daily Archives: October 28, 2015

How to read Offer Document ?

Guide to understand an Offer Document This sub section attempts to inform the structure of presentation of the content in an offer document. The basic objective is to help the reader to navigate through the content of an offer document. (a) Cover Page Under this head full contact details of the Issuer Company, lead managers… Read More »

Understanding Book Building

Understanding Book Building (SEBI FAQ) (a) What is book Building? Book building is a process of price discovery. The issuer discloses a price band or floor price before opening of the issue of the securities offered. On the basis of the demands received at various price levels within the price band specified by the issuer,… Read More »

Applicability of provisions of Section 45 of Insurance Act in various scenarios

To all the Life Insurers Ref:IRDA/Life/GDL/MISC/186/10/2015      Date:28-10-2015 Applicability of provisions of Section 45 of Insurance Act 1938 in various scenarios After amendment to Section 45 of Insurance Act 1938 , we have been receiving queries from the Life Insurers with regard to the application of new provisions in various scenarios that can arise… Read More »

Point of Sales Person for Soliciting and marketing insurance policies : IRDA Guidlines

GUIDELINES ON POINT OF SALES PERSON CIRCULAR NO. IRDA/INT/GDL/ORD/183/10/2015, DATED 26-10-2015 The Authority has observed that there are number of persons who are involved in undertaking simple and routine activities pertaining to solicitation and marketing of insurance policies. For e.g. bulk of products in motor insurance, travel insurance, personal accident insurance, etc. require very little… Read More »

e Sahyog pilot project of the Income-tax Department

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 27th October, 2015 Subject:Finance Minister launches the“ e Sahyog ” pilot project of the Income-tax Department. The Income-tax Department is committed to the ‘Digital India’ initiative of the Government of India.The Finance Minister today launched an “ e… Read More »

Extension of last date of filing of AOC 4, AOC 4 XBRL and MGT 7

General Circular N o.14/2075 F.01/34/2073-CL.V No. Government of India Ministry of Corporate Affairs **** 5th Floor, A wing, Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi Dated: 28th October, 2015 To All Regional Directors, All Registrar of Companies, All stakeholders Subiect: Relaxation of,additional fees and extension of last date of liling of AOC 4,  … Read More »

GOV.IN domain registration guidelines

F. No.L-13/14/2014-IGD Department of Electronics and Information Technology Internet Governance Division 6, CGO Complex, Electronics Niketan, New Delhi – 110003. Dated: 06-04-2015 Subject: Guidelines for allocation of registration under GOV.IN domain. Ref: Office Order vide No. 7(3)/04-CC&BT dated zo” November, 2004 Background: Department of Electronics and Information Technology (hereby referred to as the “Department”) on zo”… Read More »

Cenvat Credit not allowed if on amount of Service charges recovered from employees

No cenvat credit should be allowed on amount attributable to service charges which was collected from its employees CESTAT, MUMBAI BENCH Castrol India Ltd. v. Commissioner of Central Excise, Raigad RAMESH NAIR, JUDICIAL MEMBER ORDER NO. A/1529/2015/SMB APPEAL NO. E/86150/2013-MUM. JUNE  15, 2015 Haren M. Gandhi, Manager Indirect Taxes for the Appellant. Ashutosh Nath, Asstt.… Read More »