« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Not a minor mistake... Got an extra PAN card? Now get an I-T letter... » Merger: UWB board to meet again on Sept 26 September, 23rd 2006 Committee set up for taxation and accounting procedure issues The board of United Western Bank (UWB), which met on Friday to consider the draft scheme of merger with IDBI, has decided to meet again on September 26. A bank official said the board has discussed the details of draft scheme including the Rs 28 per share offered to shareholders. "We have decided to take up the matter for discussion again next week," the official said. Sicom Ltd, the single largest shareholder in UWB, will also hold a board meeting on Saturday to discuss the price of Rs 28 per share, which IDBI has been asked to pay to all shareholders, said Mr R.M. Premkumar, Chairman, Sicom. Committee formed UWB has also set up a committee to list certain issues relating to taxation and accounting procedure, which will be conveyed to the Reserve Bank of India. The board of IDBI Ltd, which met on September 21, also considered the provisions of the draft scheme of amalgamation. The board has approved of the proposal. RBI has set the last date for accepting the scheme on September 27. On September 12, RBI announced the amalgamation of UWB with IDBI. UWB was placed under a moratorium on September 2. RBI had received 17 bids from public sector banks, private banks, foreign banks and co-operative banks for UWB. The Maharashtra Government,along with Sicom, had submitted a proposal for restructuring the bank. Earlier this week, a group of depositors of UWB filed a petition in the Bombay High Court challenging RBI's decision to place the bank under moratorium. The court has asked RBI to file its affidavit on September 27. In 2005-06, the net loss of UWB was Rs 106.48 crore and Rs 6.08 crore for the quarter ended June 30.