Currently the corporate governance stressed more for the listed companies. Lot of compliances, disclosure requirements are there for listed companies, by way of the listing agreements. These are not applicable to the unlisted public companies.
The Ministry of Corporate Affairs (MCA) is trying to introduce Governance Code for the unlisted companies too. The proposed Companies Bill 2009 may ask the unlisted companies to follow specific norms of governance in line with the SEBI's code on Corporate...
ICAI elections !
Friends,
The ICAI council elections are around the corner. Please cast your valuable vote. I am not canvassing for any candidates. I want each and every one of us to exercise our rights.
It is disheartening to see people blaming the Council members. It hurts more, when you know that the member blaming has not exercised his vote.
Remember, it is we who elect the council members. So, go through the profiles of the candidates before voting. Make up your mind and consciously vote for that...
IFRS - Phased implementation in India
I attended a two day IFRS workshop last week. It was really good. With the deadline for IFRS implementation nearing and in another 4 months the comparative period will start, we need to gear up for the IFRS adoption / convergence / migration (you can choose whatever you feel).
What India Inc is going to do? It was decided to go in phases and key representative from various industries are picked up for the I phase. Nifty companies, banking, insurance companies are pulled into the I phase.
The first...
Cox & Kings - IPO is it a good bet?
With the recent IPOs not cheering up the investors, COX & KINGS are confident in getting into the market with their IPO. With the market being in an uptrend, would it give a thumbs up for the IPO? Let us see how the issue is, through an SWOT analysis.
Strength:
200+ years in the industry
Presence in many countries around the world
Well known in the industry
Weakness:
Not having a good financial track record
The recent performance is not good
The collection period is very high
IPO proceeds deployed...
Weekly Digest 16 Nov 09
Contents:
Public sector banks roll out the red carpet for MBAs
Understanding how hedging works!
Bill Gates, Warren Buffett on surviving the fin crisis
India to be $2-trillion economy by 2014-15
SFIO to begin Satyam prosecution soon: Khurshid
Domestic BPO mkt to touch $6.82 bn by 2013: IDC
Public sector banks roll out the red carpet for MBAs
When he took over as the chairman of Union Bank, M V Nair was one of the youngest entrants to the corner office of a public sector bank. So it’s natural that...
Weekly Digest 08 Nov 09
Contents:
Legal & Tax
EPFO proposes salary cap rise to Rs 10,000
Economy
PM pushes for reforms, says will exit stimulus
India would've grown at 7% had monsoon not played truant
EPFO proposes salary cap rise to Rs 10,000
The Employee Provident Fund Organisation (EPFO) has sent a proposal to the labour ministry to increase the salary limit for paying employee provident fund (EPF) to Rs 10,000 from the current Rs 6,500.
It has also proposed covering companies with a minimum of 10 employees...
What the CEO Wants You to Know - by Ram Charan
This is a wonderful book, which talks of the fundementals of a business, either small, medium or large.
For those who are running a business, they may be knowing the fundementals of the business - how to run, advertise and face the everchanging situations.
This book is for the new generation entrepreneurs, middle level managers who are aspiring to go up in the corporate ladder.
Ram wants the corporate executives to break the sylo mentality and look at the bigger picture on how the business works....
Good news for those who want to invest in ULIP !
It is learnt that the Load Charges on Unit Linked Insurance Plans (popularly known as ULIP) is set to go after April 2010.
Currently an investor is charged upto 40% of the invested amount in the first year of inverstment and only the balance 60% is invested in his name. This load is being used to pay the commission to the broker/agents.
In a move to increase the returns to the investors, increase the insurance cover base and to prevent the mis-selling the financial products, the High-Level...
No LTA for employee using car or taxi, say Central Govt.
Saw this notification relating to LTA, announced by the Central Government on 3-Nov-09. Looks like:
They want to make Govt carriers (Indian Airlines & AirIndia) usable
This notification is applicable only to Central Gove Employees
State Govts may follow soon.
Private sector employees are escaped from travelling in IA & AI :-)
Here is the notification:
The government will not sanction any Leave Travel Allowance (LTA) for an employee who uses personal car or taxi as mode of transport.
However,...
Weekly Digest 01 Nov 09
Contents:
Business
He became an entrepreneur while at high school
Wim Elfrink: Global Culture Is Respect For Time Zones
Economy
India is more prosperous than China - Legatum Prosperity Index
Second Quarter review of Monetary Policy for the year 2009-10
Money & Market
Inoperative Current / Savings Bank A/c - RBI Clarification
Cash flow statement: What it tells you?
He became an entrepreneur while at high schoolClick HERE to read the story of a successful businessman who did not...
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