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Saturday, May 29, 2010

Effective Date for Revision of Gratuity Amendment Act to Rs. 10 lakhs: Notification in Official Gazette as on 24th May 2010

As you are aware Gratuity Amendment Act 2010 is notified in Official Gazette with Rs.10 lakhs as limit replacing Rs.3,50,000 The Payment of...

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Tuesday, May 25, 2010

Money laundering transaction records & definition of beneficial owner in Amendment Rules 2010 - RBI

Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing...

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Monday, May 24, 2010

NBFC investment in Joint Venture or subsidiary abroad shall 'No Objection' (NoC) of the Department of Non-Banking Supervision of RBI

Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI Please refer to Regulation No. 7 of the Foreign Exchange Management (Transfer or...

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ECB by IFC now under Automatic route UPTO 50% of owned funds, RBI

As a measure of liberalisation of the existing procedures, it has been decided to permit the IFCs to avail of ECBs, including the...

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Gratuity Amendment Act 2010 is notified in Official Gazette with Rs.10 lakhs as limit replacing Rs.3,50,000

The Payment of Gratuity (Amendment) Act, 2010 is notified in Official Gazette on 18th May 2010, amending the Payment of Gratuity Act, 1972...

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Workmen's Compensation Act, 1923 becomes Employees with enhanced compensation limits, full medical expenses reimbursement, case disposal within 3 months, etc..& also applicable to casual & clericals

Workmen’s Compensation Act is now Employees Compensation Act, 1923 and the definition of employee includes clerical employees & casual employees also.  Further, the...

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Employees definition under Gratuity Act amended to included all types of works irrespective of salary limits

The Payment of Gratuity Act, 1972 definition of the term “employee” under Section 2 got widened.  It is no more the old definition...

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Revised ESI limit Rs.15000 (not Rs.10000) for employees/workers w.e.f 1st May 2010 - as amended by the Act [extended]

Ministry of Labour & Employment vide G.S.R. 394(E), dated 20th April, 2010 has made Employees State Insurance Act, 1948 read with ESI (Central)...

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Sunday, May 23, 2010

Old SEBI circular on revised Trading hours in Stock Exchanges

Sub: Trading Hours on Stock Exchanges In consultation with the Stock Exchanges and other market participants, it has been decided to permit the...

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SEBI master ciruclar on Stock Exchange, Depository, etc...updated as on 31st March 2010

SEBI Master Circulars on Stock Exchange/Depositories Annexure 1 – Master Circular for Stock Exchange/ Cash Market – Trading Part- I. It contains the...

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Friday, May 21, 2010

Learnlabz Promotional Videos on Company Secretary (CS) Executive & Professional Programme Coaching Classes & Only This Much books released on Youtube today to make learning an interesting experience!!! [can also fetch you UPTO 50 marks in exams]

Learnlabz Promotional Videos on Company Secretary Executive & Professional Programme Coaching Classes & Only This Much books.  It covers Topics which are important...

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Tuesday, May 18, 2010

Professional Misconduct for CS,CA & CWA: Don't talk when your Client Drives (& viceversa) - if its true!!!

Many road safety campaigns targets the drivers and the passengers. But Bangalore Traffic police is different (Hats off)!!! Believe, atleast if our Profession...

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Monday, May 17, 2010

No Ministry of Commerce approval is required for Royalty/Lumpsum payment above 5%/8% - RBI Current Account Transaction Amendment

In continuation of Press Note 8 issued by DIPP with effect from 16.12. 2009 that No limits for royalty/lumpsum payment in FEMA under...

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Tuesday, May 11, 2010

Learnlabz Company Secretary Classes for December 2010 CS Exams @ Chennai to enjoy learning as an interesting experience (CS Daily/Weekend/Crash Courses)

Company Secretary ALL subject classes @ Learnlabz for December 2010 Exams from 1st July; Registrations open! CS Executive Program Sessions for December 2010...

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Wednesday, May 5, 2010

USD 3000 foreign visits abroad, USD 5000 to Iran/Iraq, Libya, Russia & Republics of Commonwealth of Independent States - RBI FEMA currency limits

Release of Foreign Exchange for Visits Abroad – Currency Component Attention of Authorised Persons in foreign exchange is invited to A.P.(DIR Series) Circular...

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NBFC requires RBI NoC for overseas direct investment (ODI) in Joint Ventures or wholly owned subsidiary (JV/WoS) abroad

Instances have been observed where Non Banking Finance Companies (NBFCs) have made overseas investments without regulatory clearance of the Department of Non-Banking Supervision,...

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Tuesday, May 4, 2010

SEBI Credit Rating Guidelines/Regulations with provisions for unsolicited credit ratings & structured finance products provisions

SEBI Credit Rating Guidelines Effective use of credit ratings by the users is crucially dependent upon quality and quantity of disclosures made by...

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CS Updatin...

See Yes -> Yes, ACS

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