Monthly Archives: October 2012

IRDA issues Draft Regulations for Licensing of Bancassurance Entities

By Nitesh Tiwari, Associate “Bancassurance” is an arrangement whereby the bank is allowed to provide its consumers with insurance policies or such similar products. This arrangement allows insurance companies (“Insurers”) to sell insurance policies through the bank with which they … Continue reading

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Central Government Announces Revised XBRL Taxonomy through Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2012

By Sayan Samaddar, Associate The Central Government, in exercise of its powers conferred by sub-section (1) of Section 640 of the Companies Act, 1956 (the “Act”) read with Section 610B of Companies Act, 1956, had notified the Companies (Filing of … Continue reading

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Ministry of Corporate Affairs Amends the Companies (Issue Of Indian Depository Receipts) Rules, 2004 to Allow Two-Way Fungibility of Indian Depository Receipts

By Surajit Chatterjee, Associate The Ministry of Corporate Affairs (“MCA”), pursuant to its powers conferred under Section 642(1)(a) read with section 605A of the Companies Act, 1956 had prescribed rules relating to Issue of Indian Depository Receipts, i.e., the Companies … Continue reading

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IRDA: Web-based Integrated Licencing Management System for Licenced Individual & Corporate Surveyors and Loss Assessors

By Robin Quadros, Associate The Insurance Regulatory & Development Authority (“IRDA“) on October 3, 2012 vide circular No. IRDA/SUR/MISC/CIR/225/10/2012 has informed all Licenced Individual & Corporate Surveyors and Loss Assessors that the authority is in the process of implementing a … Continue reading

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Shantanu Mitra, Principal Associate, RDA Legal Quoted in Business World on his Views on Sebi’s Decision to Ban Polaris Chief from Trading in an Already Settled Case

http://www.businessworld.in/en/storypage/-/bw/a-curious-case-of-overzeal/583202.16627/page/0

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RDA Legal wishes all Shubho Bijoya and Happy Dussehra

On this auspicious occasion, we at RDA Legal wish you and your family peace, prosperity and good health.

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Union Cabinet Approves Amendments to the Companies Bill, 2011

By Amogh Masur, Senior Associate In an effort by the Union Cabinet to provide modern and growth-oriented legislation for the regulation of the corporate sector in India, the Union Cabinet has approved official amendments to the Companies Bill, 2011. An … Continue reading

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