IRDA:
The Insurance Regulatory and Development Authority of India issued draft Guidelines for Listed Indian Insurance Companies. These
Guidelines shall be applicable to all insurers who have listed their
equity shares or are in the process of getting their shares listed on
the stock exchanges in relation to transfer or proposed transfer of
shares. The IRDA has invited Suggestions/ Comments
DVAT
Department of Trade and Taxes has introduced new reward scheme for highest tax paying dealers. The
department has also provided a list of dealers who shall be eligible
for the rewards under the said scheme which includes dealers having the
specified turnover and who have paid the highest tax during the said
period. The order also provides for the eligibility criteria for the
scheme. The scheme shall be implemented on the basis of recommendations
received from zonal joint/additional commissioners and tax figures
compiled by system branch. A reward evaluation committee shall be
constituted for the purpose which shall work out the claims of the
winners for reward/appreciation under the scheme. The objective of the
scheme is to acknowledge the efforts of better performing dealers so as
to further encourage them to continue their efforts for better tax
compliance and also to set examples for other dealers.
CDSL
Central Depository Services (India) Limited [CDSL] has launched a new mobile application for e-voting that
would enable Android based smart phone users to cast their vote on
company resolutions even while they are on the move and can also be used
for voting at the AGM/EGM venue, which can be downloaded from Google
Play Store for Android based phones. The app for iPhone and Windows
Phone would be released shortly and can be downloaded from the App Store
and Windows Phone Store, respectively. CDSL has also introduced
a Single Sign On facility which enables clients of registered Proxy
Advisory Firms, Depository Participants and stock brokers to vote
directly from their registered login and both these facilities, that is,
m-Voting and Single Sign On, are currently being offered free of cost
to investors. This would provide greater flexibility to the investors
and they can vote from a place and time of their convenience.
Thanks & Regards,
Meetesh Shiroya
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