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Sep 20, 2009

UPDATES FROM TAX GURU 21.09.2009

UPDATES FROM TAX GURU (www.taxguru.in)



Introduction of Interest Rate Futures- NBFCs



Introduction of Interest Rate Futures- NBFCs RBI/2009-10/165 DNBS.PD.CC.No.161/3.10.01/ 2009-10 September 18,  2009 All NBFCs (excluding RNBCs) Dear Sir Introduction of Interest Rate Futures- NBFCs Please refer to the Directions issued by the...


RBI circular on Priority Sector Lending -Categorisation of activities under service under the MSMED Act, 2006



RBI/2009-10/ 164 RPCD.CO.Plan. BC. 24 /04..09.01/2009- 10 September 18, 2009 The Chairman/ Managing Director/Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Dear Sir, Priority Sector Lending -Categorisation...


RBI approval required for acquisition/ transfer of control of NBFCs accepting deposits



RBI/2009-10/ 162 – DNBS (PD) CC.No. 160/03.10.001/ 2009-10 Dated: September 17, 2009 All deposit taking NBFCs (excluding RNBCs) Dear Sirs, Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs...


Companies Bill 2009: Governance, Accountability & Role of Company Secretary



1.  Key Managerial Personnel (Clause 178) (a)  Definition As per clause 178, every company belonging to such class or description of companies as may be prescribed shall have Whole-Time Key Managerial Personnel (KMP). A Company Secretary is a...


Income-tax department unearthed a major scam involving duping of 60,000 customers



THE Income-tax department has unearthed a major scam involving duping of 60,000 customers by an Orissa-based real estate company through a multi-level marketing cum incentive scheme. The tax sleuths under the direction of the Central Board of Direct...




With Regards, 
CA Sandeep Kanoi 
Website: http://www.taxguru.in/ 
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UPDATES FROM TAXGURU