FINANCE MINISTRY URGED TO SCRAP SPECIAL EXCISE DUTY ON BIG CARS

The Ministry of Heavy Industries has urged the Finance Ministry to waive the Special Excise Duty (SED) of Rs 15,000 and Rs 20,000 on 1500cc and 2000cc cars respectively, said Mr Ambuj Sharma, Joint Secretary, Ministry of Heavy Industries. The SED was levied by the Finance Ministry on fuel guzzling cars to contain carbon emissions. Inaugurating the National Summit on Public Buying organised by Assocham, Mr Sharma sa [...]

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ULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENT

Consumers continued to put in money in their existing unit linked insurance plans (ULIPs) expecting better returns from the stock market as the Indian economy recovers. Premium collection from renewal of ULIPs jumped 44 percent during the first three months of the current fiscal over the year-ago period even as the insurance sector has been seeing a slowdown. The industry collected Rs 12,698 crore as renewal pre [...]

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INSURANCE POLICIES AND YOUR QUERY

Will my returns go up after Irda’s cap on Ulip charges comes into effect? There are certain products, which already follow these guidelines on charges, and certain others, which do not follow them. It differs from product to product. Companies not following these guidelines for their products would have to lower the charges suitably. The capping of Ulip charges would offer better value to customers. The [...]

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Key Benefits of Life Insurance

Need for Life Insurance Today, there is no shortage of investment options for a person to choose from. Modern day investments include gold, property, fixed income instruments, mutual funds and of course, life insurance. Given the plethora of choices, it becomes imperative to make the right choice when investing your hard-earned money. Life insurance is a unique investment that helps you to meet your dual needs - [...]

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Benefit of reduced penalty under provisos to Section 11AC – whether also available at appeal stage

Circular No. 898/18/09-CX., dated 15-9-2009 A case has been brought to the notice of the Board wherein a Commissioner (Appeals) had allowed the benefit of proviso to Section 11AC of the Central Excise Act, 1944 to pay penalty at the reduced rate of 25% within 30 days of the communication of the Order in Appeal. Commissioner (Appeals) has read Section 11AC and Section 35 F together to arrive at the aforesaid de [...]

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Acquisition/Transfer of NBFC accepting deposit :RBI approval required

Circular No. DNBS (PD) CC.No. 160/03.10.001/2009-10, dated 17-9-2009 Under Section 45 IA (4)(c) of the RBI Act, 1934, a certificate of Registration can only be given to a company if the Bank is satisfied, inter alia, that the general character of the management or the proposed management of the non-banking financial company shall not be prejudicial to the public interest or the interests of its depositors. 2. [...]

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LLP(LIMITED LIABILITY PARTNERSHIP)PPT

check waht is LLP,what its benefit and what are the major differences between LLP and Partnership/companies by CA VED JaiN [...]

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