Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: TDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ACCOUNTING STANDARD :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: empanelment
 
 
« News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

Govt to finalise insurance IPO norms by 2010: Sources
December, 04th 2009

Insurance companies may have to wait for much longer before they can raise capital from equity markets. Other than awaiting government decision to relax 10 years time frame, sources say the insurance regulator is keen to see insurance companies disclosures for an entire financial year before allowing them to go public.

What we understand from sources is that insurance companies may have to wait till December 2010 to go public. The reason for this is that firstly the government regulation at this point in time says that the insurance companies cannot list before 10 years of operation.

We understand that government is looking at relaxing these norms and allowing it for about five years and seven years of operation that the companies can go public.

But more importantly, IRDA is working on a whole set of disclosure regulations with regard to insurance companies. It is setting its disclosure regulations for both listed and unlisted companies.

It is also in talks with SEBI with regard to the disclosures for the red herring prospectus and also it is working with ICAI with regard to standardising valuation norms.

All these three important aspects will be covered, and the decisions on the disclosures with regard to these for the red herring as well as the overall disclosures will be taken by January early next year.

What we understand from sources is that the regulator believes that perhaps insurance companies will have to make all these disclosures for at least a year for them to be comfortable to allow them to really go public.

So the sense that we are picking up from the regulator is that they will want to wait and watch and see all the disclosures being made by the insurance companies before they allow them to list at least for one financial year.

So as of now, Reliance Life Insurance was planning to list around January or it was planning to go public around January that is what sources say. But from what it looks like, perhaps will have to wait for a little longer time.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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