Finally China Acknowledged the Bubble |Tax Guru 
For so many months all economist and equity and financial research analysts across the world have been trying hard to accentuate the eyes of the world economy that china is building a asset bubble fuelled by excess over capacity. Now fi
d-the-bubble.html
IRDA issued new disclosure norms- mandating insurance companies publish accounts on half-yearly basis | Tax Guru 
The Insurance Regulatory and Development Authority (Irda) has issued disclosure norms for insurance companies, mandating them to publish accounts on a half-yearly basis. The disclosure norms are seen as a precursor to allowing insurance companies to ...
losure-norms-mandating-insurance-companies-publish-acco
unts-on-half-yearly-basis.html
Government may split ICAI in two parts |Tax Guru : Complete Tax Solution 
The government is consider reviewing the structure of the apex chartered accountants body in the country, the Institute of Chartered Accountants of India (ICAI), that may result in the separation of its academic and regulatory functions.When contacte...
Payment for non-compete right is not an intangible asset eligible for depreciation |Tax Guru : Complete Tax Solution 
Facts:-Srivatsan Surveyors Pvt. Ltd. („Appellant?) is engaged in the business of licensed surveyors and loss assessors under the Insurance Act, 1938. The Appellant entered into a non-compete covenant with its director, Mr. Srivatsan and paid a sum of...
non-compete-right-is-not-an-intangible-asset-eligible-f
or-depreciation.html
Public and Pvt sector insurance companies would continue cede 10% of their risks to GIC |Tax Guru : Complete Tax Solution 
The Insurance Regulatory and Development Authority (IRDA) have stipulated that the mandatory ceding by every general insurer in the country to the national reinsurer – General Insurance Corporation (GIC), would continue to remain at 10 per cent.IRDA ...
sector-insurance-companies-would-continue-cede-10-of-th
eir-risks-to-gic.html
Change your mobile operators without change of Number for Rs. 19 |Tax Guru : Complete Tax Solution 
The Telecom Regulatory Authority of India (Trai) today fixed at Rs 19 the reference rate for portability fee — charged from users for changing operator while retaining the number.The per port transaction charge will be Rs 19 and the subscriber will n...
perators-without-change-of-number-for-rs-19.html
MCA propose to prosecute audit firms also against the existing provisions that limits penal action only to chartered accountants » |Tax Guru 
The ministry of company affairs (MCA) intends to insert a clause in the Companies Act that will make audit firms also liable to prosecution as against the existing provisions that limits penal action only to chartered accountants.The proposal, being ...
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LLP still not recognized by all the acts and states in India » |Tax Guru 
THE Ministry of Corporate Affairs wants other ministries, state governments and sectoral regulators to recognise limited liability partnerships (LLP) after over 100 entities registered under the LLP Act enacted last year.The ministry will write to al...
ll-the-acts-and-states-in-india.html
SAT may be renamed as FAST and all financial regulators may come under it » |Tax Guru 
n a first, the government is considering a revamp of the legal system by giving more powers and responsibilities to the Securities Appellate Tribunal (SAT), a quasi-judicial body, which currently only settles disputes in capital market
nd-all-financial-regulators-may-come-under-it.html
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