1. Reliance Life Insurance Co. Ltd.
2. SBI Life Insurance Company Ltd.
3. HDFC Standard Life Insurance Co. Ltd.
4. ICICI Prudential Life Insurance Co. Ltd.
5. ING Vysya Life Insurance Company Ltd.
6. Max New York Life Insurance Co. Ltd.
7. MetLife Insurance Company Ltd.
8. Kotak Mahindra Old Mutual Life Ins. Co. Ltd.
9. Birla Sun-Life Insurance Company Ltd.
10. TATA AIG Life Insurance Co. Ltd. Continue reading Private Sector Life Insurance Companies in India
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Important Message From Ministry of Corporate Affairs India Regarding Easy Exit Scheme 2011
Ministry of Corporate Affairs India had introduced a Scheme namely, “Easy Exit Scheme, 2011” under Section 560 of the Companies Act, 1956 to give an opportunity to the defunct companies, for getting their names struck off from the Register of Companies. The said scheme was in operation from 1st January, 2011 to 31st January, 2011. Now, it has been decided to extend the Scheme for another three months i.e. upto 30th April, 2011. For details, refer to General Circulars No: 6/2010 dated 03.12.2010 and 1/2011 dated 03.02.2011.
After the closure of the Scheme, MCA would take penal action against the directors of the defaulting companies who have not taken steps for de-registration of the company.
Company Law India: Declaration of Dividend out of Reserves
Investors of profitable companies expect dividends at least once every year, and many investor friendly companies have a track record of giving dividends every year from the annual/quarterly profits. But what happens if business climate is bad and the company is unable to make profits in a year and is unable to pay dividends to shareholders? Can the company pay dividend from its Reserves? Yes.
Following is the relevant rule from Company Law India, about Declaration of Dividend out of Reserves.
Reference: [GSR No. 427(E), dated July 24, 1975] Continue reading Company Law India: Declaration of Dividend out of Reserves
Importance of Having India Travel Insurance
This is for people visiting India as tourists. Its true that almost everyone dreams of traveling to a beautiful place like India. One of the many things that you have to take care of is getting India travel insurance. While you may think it is just additional cost, Indian travel insurance is very important to get you medical treatment in case you need it during your travel in India, because there are times when a person may have accidents, injuries, or other emergencies. This will not be a problem if you are in your home country but once you leave and go to another country, things change. Lost luggage is quite ordinary when traveling but sometimes you may encounter more unpleasant situations. You have to be prepared at all times and you can do this by purchasing travel insurance. Continue reading Importance of Having India Travel Insurance
Bangalore City Tour
Bangalore is famous for its fine extensive gardens, Lal Bagh, was laid out in the 18th century by Hyder Ali and his son, Tipu Sultan. Covering 240 acres, the park contains a variety of plants and trees, a deer park, and one of the largest collections of rare tropical and sub-tropical plants, in the country. The Glass House, a huge conservatory is the venue of the annual flower, vegetable and fruit shows.
Cubbon Park, laid out in 1864 covers an area of 300 acres. Within its grounds are the Public Library, the High Court, the Government Museum and the Visveswaraiah Technological & Industrial Museum.
The Attara Kacheri, as the High Court building is known in these parts, was built in 1864. The Government Museum, one of the oldest in India, was built in 1886, and houses collections of coins, art, and relics.
Located near the City Market, are the remains of a fort dating back to the days of Hyder Ali, and Tipu Sultan’s summer palace. The palace, an elaborately decorated structure, has ornate arches and minarets. Continue reading Bangalore City Tour