Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: due date for vat payment :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: form 3cd :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT Audit :: articles on VAT and GST in India :: cpt :: Central Excise rule to resale the machines to a new company :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
General »
 DHFL loan to Manpreet Estates under tax scan
 Council acts to ease cascading tax impact on petroproducts
 Income Tax comes a cropper tracking shell firms
 Income Tax returns: Is rental income from property taxable in hands of homeowners?
 Tax department to engage with corporates to spur receipts
 Furnish Form 67 to claim foreign tax credit in India tax return
 GST: Commerce ministry to write to finance ministry over trademark rule
 GST: Govt issues clarification to address service tax issues, misses key concerns
 How to file LUT/Bond for SEZ units under GST
 Exemption From Capital Gains On Sale Of Agricultural Land
 FinMin wants RBI to lower rates, boost domestic demand

IAG raises general insurance stake in Malaysian joint venture
December, 02nd 2008
Insurance Australia Group Limited (IAG), which recently announced a joint venture with the State Bank of India (SBI), has increased its stake in the general insurance business of AmAssurance, its joint venture in Malaysia, from 30 per cent to to 49 per cent. IAG exited the life insurance part of the joint venture, in line with its strategy to pursue opportunities that strengthen its position in select Asian general insurance markets. Under a restructuring of the Malaysian joint venture, the operations of Amassurance will be split into general insurance and life insurance components. IAG will sell its 30 per cent stake in the life insurance business and raise stake in the general insurance business to 49 per cent - the maximum allowed under Malaysian foreign investment rules. This business will be renamed AmG Insurance (AmG) and will retain the right to use the AmAssurance brand, the company said. "Since acquiring our initial 30 per cent holding in the Malaysian joint venture in 2006, we have worked closely with our joint venture partner, AmBank Group, to add value through the transfer of our specialist insurance skills, and we are pleased with the performance of the business,'' said IAG CEO Asia, Justin Breheny. "During the 2008 financial year, the joint venture's general insurance gross written premium increased by 15 per cent in local currency terms, and we anticipate continued growth in excess of 10 per cent for the next few years,'' he said. "Following the increase in our equity participation, we look forward to continuing to work with our joint venture partner to grow the business and strengthen its underwriting performance. We'll do this through further penetration of the joint venture's distribution network and diversification of its product portfolio," he added. The restructuring has received regulatory approvals and the process is likely to be completed in December. IAG expects the restructuring to result in a net profit after tax of approximately A$35 million.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions