With dal prices ruling at above Rs 200 per kg in the retail markets, the Centre will start procuring 40,000 tonnes of pulses directly from farmers through NAFED and SFAC starting November. The procured pulses will be used to create buffer stock and the Cabinet note is being moved in this regard, and if required… Read More »
Professional Indemnity Insurance for Chartered Accountants Key Benefits of the Policy are :- 1. WHO CAN TAKE THIS POLICY Any professional acting in professional capacity can take this policy. Failure to exercise due care in one’s profession may give cause of action against him by his client, since such duty to the client applies to… Read More »
Health Insurance Scheme For Members of ICAI Check Amazon Today Best Deals and Offers for Saving An Initiative of the Committee for Capacity Building of CA Firms and Small & Medium Practitioners, ICAI The highlights of the Health Insurance Scheme for Members of ICAI are as follows: • 5% discount in Premium to be paid… Read More »
Act done in good faith A thing is deemed to have been done in good faith where it is in fact done honestly, whether it is done negligently or not [section 3(22) of the General Clauses Act]. A person cannot be said acting in good faith where he has a suspicion that there is something… Read More »
Natural justice For controlling abuse of power, the Courts in their various landmark judgments have held that no decision which prejudicially affects a person can be taken without giving him a prior opportunity of hearing. Courts have now obliterated distinction between a quasi-judicial function and an administrative function. If the urgency and the nature of… Read More »
Questions and Answers For Members 1. What is UAN ? UAN stands for Universal Account Number. The UAN will act as an umbrella for the multiple Member Ids allotted to an individual by different establishments. The idea is to link multiple Member Identification Numbers (Member Id) allotted to a single member under single Universal Account Number.… Read More »
Bar Council proposes to tweak rules again for identification of fake lawyers Bar Council of India (BCI), the topmost statutory body governing education, enrollment, practice and conduct of lawyers across the country, had earlier notified Certificate and Place of Practice (Verification) Rules 2015 (‘Verification Rules’) to provide for identification of fake lawyers. The Verification rules… Read More »
SECONDARY MARKET Disclaimer: These FAQs are not the interpretation of law but provide only a simplistic explanation of terms/concepts related to Secondary market. All information has been updated till February 28, 2009. For full particulars of laws governing the secondary market, please refer to the Acts/Regulations/Guidelines/Circulars appearing under the Legal Framework Section. Some of the… Read More »
STRAIGHT THROUGH PROCESSING 1. What is STRAIGHT THROUGH PROCESSING (STP )? Straight-through Processing (“STP”) is a mechanism that automates the end-to-end processing of transactions of the financial instruments. It involves use of a single system to process or control all elements of the work-flow of a financial transaction, including what is commonly known as the… Read More »
BUYBACK , DELISTING, TAKEOVER OPEN OFFERS 1. I haven’t received the offer document/ acceptance/ tender form for open take over offer. How can I apply? In case of open offer, the acquirer will publish an announcement in the newspapers. The announcement, letter of offer along with form of acceptance are also made available on SEBI… Read More »