Audit of Insurance Companies

Insurance auditors while conducting insurance audits will review credit policy and procedures, tax records, risk assessments, and other financial records of insurance. This is done to ensure that appropriate insurance standards and premiums are applied and that insurance companies adhere to the rules. Some of the key areas to be considered during insurance audits are […]

Section 31 – The Competition Act, 2002

Orders of Commission on certain combinations (1) Where the Commission is of the opinion that any combination does not, or is not likely to, have an appreciable adverse effect on competition, it shall, by order, approve that combination including the combination in respect of which a notice has been given under sub-section (2) of section 6. (2) Where

Dearness Allowance

India has continuously been experimenting with various measures to curb the effects of rising inflation in the country. Food is the commodity that gets hit the most, and this often has a direct impact on the economy itself. Therefore, Dearness Allowance/ DA comes in to play a vital role in protecting the everyday lives of

Section 30 – The Competition Act, 2002

Inquiry into disclosures under sub-section (2) of section 6. Where any person or enterprise has given a notice under sub-section (2) of section 6, the Commission shall inquire— (a) whether the disclosure made in the notice is correct; (b) whether the combination has, or is likely to have, an appreciable adverse effect on competition.]   Amendment 1. Section 30 shall stand substituted (date

Section 29 – The Competition Act, 2002

Procedure for investigation of combinations (1) Where the Commission is of the 1[prima facie] opinion that a combination is likely to cause, or has caused an appreciable adverse effect on competition within the relevant market in India, it shall issue a notice to show cause to the parties to combination calling upon them to respond within thirty days of the receipt

Section 28 – The Competition Act, 2002

Division of enterprise enjoying dominant position (1) The 1[Commission] may, notwithstanding anything contained in any other law for the time being in force, by order in writing, direct division of an enterprise enjoying dominant position to ensure that such enterprise does not abuse its dominant position. (2) In particular, and without prejudice to the generality of the foregoing powers, the order referred to

Section 27 – The Competition Act, 2002

Orders by Commission after inquiry into agreements or abuse of dominant position Where after inquiry the Commission finds that any agreement referred to in section 3 or action of an enterprise in a dominant position, is in contravention of section 3 or section 4, as the case may be, it may pass all or any of the following orders, namely:— (a) direct any enterprise or association of enterprises or person or association

Section 26 – The Competition Act, 2002

Procedure for inquiry under section 19 (1) On receipt of a reference from the Central Government or a State Government or a statutory authority or on its own knowledge or information received under section 19, if the Commission is of the opinion that there exists a prima facie case, it shall direct the Director General to cause an investigation to be made into the

Section 25 – The Competition Act, 2002

[Jurisdiction of Bench.] Omitted by s. 18, ibid. (w.e.f. 12-10-2007)]. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration|

Section 24 – The Competition Act, 2002

[Procedure for deciding a case where Members of a Bench differ.] Omitted by s. 18, ibid. (w.e.f. 12-10-2007)]. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance