Articles by FCS Deepak Pratap Singh

Analysis of provisions of Section 50D of IT Act 1961

FCS Deepak Pratap Singh 25 June 2022 at 08:53

There are various Advance Rulings relating to specific situations of "Transfer" of "Capital Assets". The provisions of Section 50D has been introduced to nullify above Advance Rulings.

Merger & Acquisitions under provisions of IT Act 1961

FCS Deepak Pratap Singh 22 June 2022 at 09:06

Amalgamation is a blending of two or more existing companies /undertakings into one company/ undertaking. The shareholders of two blending companies substantially become shareholders of the blended company. There will be an Amalgamation when two or more companies/undertakings are acquired by a new company.

Role of resolution professionals /liquidators in respect of avoidance transactions

FCS Deepak Pratap Singh 13 June 2022 at 09:07

The main objective of the Code,2016 is to restructure and resolve insolvency of corporate persons, partnership firms and individuals promptly for leveraging the maximum value of assets of such persons. While proceeding therewith to also promote the entrepreneurship as well as accessibility to credit.

The Married Women's Property Act, 1874: Provision Related To Insurance Proceeds

FCS Deepak Pratap Singh 11 June 2022 at 16:25

MWP Act 1874 played a crucial role in protecting the future of the families.

Online Gaming (Regulation) Bill, 2022

FCS Deepak Pratap Singh 09 June 2022 at 09:25

The Government of India, considering the matter and to save youth and innocent persons introduced the Online Gaming (Regulation) Bill, 2022. The Bill was introduced in Lok Sabha on 1st April,2022. The Bill aims to maintain integrity in online gaming and introducing a regulatory regime for online gaming.

Master guidelines on anti-money laundering & counter financing of terrorism

FCS Deepak Pratap Singh 03 June 2022 at 14:39

The Authority has come out with "Master Guidelines on Anti-Money laundering/Counter Financing of Terrorism (AML/CFT)" for all the insurers. These guidelines are issued by exercising the power enshrined under Section 34 of Insurance Act, 1938, Section 14(1) of Insurance Regulatory and Development Authority Act 1999 and provisions 4,5,7,9, 9A & 10 of the PML Rules.

Some important cases related to criminal liability of directors

FCS Deepak Pratap Singh 01 June 2022 at 13:25

Important cases related to the criminal liability of directors

Adhering the timelines of award settlement as per rule 17(6) of the Insurance Ombudsman Rules, 2017

FCS Deepak Pratap Singh 01 June 2022 at 08:59

The Authority undertook comprehensive review of pending cases of all offices of the Insurance Ombudsman. As per the data obtained from Council for Insurance Ombudsmen, there are total of 711 Insurance Ombudsman awards that are pending for compliance, of which, 162 awards are pending for more than one year, which is rather unsatisfactory.

Modifications in definition of Critical Illnesses prescribed in Guidelines on Standardization in Health Insurance

FCS Deepak Pratap Singh 31 May 2022 at 08:47

The extant IRDAI (Health Insurance) Regulations 2016 were notified on 18th July, 2016 superseding IRDA (Health Insurance) Regulations 2013. The Guidelines on Standardization in Health Insurance were issued on 29th July, 2016.

Some important facts related to all risk insurance policies

FCS Deepak Pratap Singh 30 May 2022 at 08:28

The insurance companies classify different types of insurance covers offered to policyholders in many ways. The broad Classification of such insurance cover has been covered in this article.