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- Swati Korvi
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Friday, 01 August 2008 |
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SEBI has issued new guidelines for application process of public issues to make the existing issue process more efficient. SEBI has introduced an alternative process for applying in public issues through book building mode called Application Supported by Blocked Amount (ASBA) process.
In ASBA, the bank will block the applicant’s money corresponding to the value of the shares applied for in the applicant’s bank account itself. The money is blocked in the account till the issue’s allotment and cannot be used for any other purpose. |
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- Chakravarthy Akella
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Saturday, 31 May 2008 |
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The central sales tax has now been reduced by 2% this decision has been taken on the basis of the discussions between the Empowered Committee (EC) of State Finance Ministers and the Union Finance Minister. The notification has been issued on 30th May, 2008 and it will be implemented from 1st June, 2008.
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- Thakur Rashtra Bhushan
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Tuesday, 20 May 2008 |
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New Delhi: The EAC (Economic Advisory Council) has recommended imposition of 10% MAT (minimum alternative tax) on industrial units located in the SEZs (Special Economic zones). This number is suggested as a compromise number to end the deadlock between the two ministries (The ministry of commerce and the ministry finance). |
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Last Updated ( Wednesday, 21 May 2008 )
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