Fin tech regulation in india jsa 14 02 2020IIMBNSRCEL
油
This document summarizes the key regulations governing various areas of fintech in India, including digital payments, digital lending, insurtech, portfolio management, and cryptocurrencies. For digital payments, the key regulators are the Reserve Bank of India, which oversees entities like prepaid payment issuers, card networks, and UPI platforms. Digital lending by non-bank entities is regulated by RBI through directions for non-banking financial companies and peer-to-peer lending. Insurtech is governed by IRDAI regulations on e-commerce and data security. Portfolio managers and investment advisers are regulated by SEBI through various registration and conduct requirements. Cryptocurrencies currently have no clear regulations in India, though RBI
Employees satisfaction on welfare schemes @ bdcc bank project reportBabasab Patil
油
The document discusses a study on employee welfare schemes at BDCC Bank in Bijapur, India. The objectives of the study are to examine the bank's welfare schemes, identify employee satisfaction with the schemes, and provide recommendations to improve employee health and organizational efficiency. The bank was established in 1919 and provides various financial services and loans to cooperative societies in the district. It has 187 employees spread across its headquarters and branches.
The Insurance Regulatory and Development Authority (IRDA) was established in 2000 as an autonomous body to regulate and develop the insurance industry in India. Its key objectives are to protect policyholders, promote an orderly growth of the insurance sector, and ensure fair conduct of business. IRDA functions as the apex regulatory body, overseeing licensing of insurers, product approvals, solvency requirements, tariff rates and consumer grievance redressal. It aims to foster a transparent, safe and sound insurance industry for the benefit of all stakeholders.
This document discusses corporate governance requirements for banks in Tanzania. It provides an overview of corporate governance, focusing on why it matters for banks. Good corporate governance ensures that banks are accountable, operate safely and soundly, and protect depositor interests. The document outlines governance responsibilities for bank directors, including their duties of care and loyalty. It also discusses compliance, risk management, board meetings, and reporting requirements that banks must follow under Tanzanian regulations.
Regulatory Framework for Banking Sector in BangladeshEmran Hossen
油
This document provides an overview of the regulatory framework for the banking sector in Bangladesh. It discusses the objectives of bank regulation such as maintaining stability in the financial market and ensuring safety of depositor funds. The key tools and strategies of bank regulation mentioned are protecting customer interests and upholding national interests. The regulatory arrangement in Bangladesh began in 1972 with the Bangladesh Bank Order which established the central bank. Key acts governing banking include the Bangladesh Bank Order of 1972, Bank Company Act of 1991, and Company Act of 1913. The document provides details on the chapters and articles of these major acts regulating the banking system in Bangladesh.
The Sarbanes-Oxley Act of 2002 (SOX) was enacted to protect shareholders and the public from accounting errors and fraudulent financial practices by corporations. Key provisions of SOX include establishing the Public Company Accounting Oversight Board to oversee audits of public companies, requiring CEOs and CFOs to certify the accuracy of financial reports, prohibiting companies from making loans to executives, and increasing penalties for fraudulent behavior. The overall goals of SOX are to regain public confidence in financial markets, improve corporate governance and accountability, and strengthen efforts to prevent and detect financial misconduct.
This document discusses corporate governance practices at State Bank of India (SBI), a major public sector bank in India. It provides details on SBI's organizational structure, board of directors, code of conduct, and good governance practices. The board consists of 12 members including the chairman and 3 managing directors. SBI has implemented policies around code of conduct, related party transactions, and standards for board participation and confidentiality to ensure strong corporate governance in line with regulatory requirements for public sector banks in India.
The document presents information on banking regulation in Nepal. It discusses the objectives of banking regulation such as prudential regulation and reducing systemic risk. Banking regulation is important to address safety, stability, and protection of financial institutions and the payment system. In Nepal, banking is regulated under the Banking and Financial Institution Act as well as other Acts, with the Nepal Rastra Bank responsible for regulating commercial banks and financial institutions through rules, directives, and circulars.
The document discusses the roles and responsibilities of boards of directors. It explains that boards of directors are bodies that oversee the activities of companies and organizations. They are responsible for overall management, strategy, and effective functioning. Boards delegate day-to-day operations to executives but remain accountable for performance. The document also provides examples of board structures and responsibilities for banks, including composition of boards, eligibility of directors, and regulatory oversight by the Reserve Bank of India.
The document provides an introduction and background to South Africa's Insurance Bill that is being considered by the Standing Committee on Finance. It summarizes the extensive consultation process undertaken and key issues raised during public comments. It also outlines the objectives of the Bill, how it aligns with the Twin Peaks model of financial regulation and the Financial Sector Regulation Act. An overview is given of each chapter of the Bill and the matters it covers such as licensing, governance, financial soundness, reporting and the powers of the Prudential Authority.
Presentation law on credit institution in VietnamSBLAW
油
This document provides an overview and summary of credit institution laws and regulations in Vietnam.
It begins with definitions of key terms like credit institutions and their various forms such as banks, non-banking credit institutions, micro-finance institutions, and people's credit funds.
The document then outlines the process for establishing different types of credit institutions in Vietnam, including the required conditions and capital requirements. It also summarizes the procedures for obtaining an establishment and operation license.
Lastly, the document summarizes Vietnam's legal framework for lending activities of credit institutions. It covers topics like types of loans, borrowers, evaluation and lending decisions, loan agreements, and penalties for non-compliance.
BBF 322 REGULATORY FRAME WORK OF FINANCIAL (1).pptxmichealmawadri
油
The document discusses regulations around shareholding and capital requirements for financial institutions in Uganda. It states that no individual or group can own more than 49% of a financial institution's shares. Minimum capital requirements are also specified, such as commercial banks needing a minimum paid-up cash capital of UGX 10 billion, to be increased to UGX 25 billion by 2013. Non-bank financial institutions must have a minimum capital of UGX 500 million. These regulations aim to promote stability in the financial system.
The document provides an overview of the Indian financial system, institutions, and markets. It begins with definitions of key terms like financial system and discusses the key features of the Indian financial system such as providing linkage between depositors and investors, efficient allocation of resources, and aiding economic development. It then covers various components of the financial system including institutions, services, markets, instruments and the regulatory framework. Specific laws governing the financial sector like the Banking Regulation Act, RBI Act, and key provisions of these Acts are also summarized.
This document discusses the regulation and supervision of banks in India by the Reserve Bank of India (RBI). It outlines the objectives of regulation as protecting depositors, ensuring orderly banking operations and liquidity/solvency. The RBI's regulatory functions include establishing the legal framework and controlling bank management and operations through various sections of acts like the Banking Regulation Act. The document also describes the organization of RBI's regulatory and supervisory departments and functions, and highlights various regulatory and supervisory initiatives and measures taken by RBI.
History of Non-Banking Financial Companies Classification of Non-Banking Co...Mohammed Jasir PV
油
History of Non-Banking Financial Companies
Classification of Non-Banking Companies
Classification of Activities of NBFC
Fund Based Activities
Fee Based Activities
Concepts, Growth and Trends of Fee Based And Fund Based Activities.
The document provides an overview of the functions and operations of Bank Negara Malaysia (BNM), the central bank of Malaysia. It discusses BNM's establishment in 1959 due to the need to manage Malaysia's money and credit situation. The key objectives and functions of BNM include issuing currency, maintaining monetary stability, influencing credit situations, and supervising banking institutions. BNM implements various monetary policy tools such as interest rates, reserve requirements, and open market operations to regulate money supply and credit. It also acts as the government's banker and financial advisor.
The document summarizes proposed amendments to Mongolia's Banking Law and Law on the Central Bank. Key proposed changes to the Banking Law include improving governance requirements for banks, introducing early intervention measures, improving bank resolution processes, and shifting supervision from compliance-based to risk-based. Proposed changes to the Law on the Central Bank include clarifying the Bank's powers and functions, and promoting its operational independence. The amendments aim to ensure financial stability and reduce bank risks in line with international standards.
The document provides an overview of various regulators of the financial system and capital markets in India. It discusses the key regulators including the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Ministry of Finance, the Ministry of Corporate Affairs, the Pension Fund Regulatory and Development Authority (PFRDA), and the Insurance Regulatory and Development Authority (IRDA). It outlines the objectives, functions and powers of these regulatory bodies in governing monetary policy, banking, securities markets, insurance sector and facilitating orderly development of the financial system in India.
Chapter 6 commercial bank management .pptxrekhabawa2
油
The document discusses various types of loans and credit facilities provided by banks to corporate clients. It describes RBI guidelines for regulating lending activities including credit allocation, exposure limits, interest regulations, and prudential norms. It also covers different kinds of loans such as short term, medium term, long term, fund based, non-fund based and asset based loans. Additionally, it discusses consortium lending and loan syndication where multiple banks jointly provide credit to large corporate borrowers.
How to Create Non-banking financial institutionDheeraj Mundra
油
Non-banking financial institutions (NBFCs) are financial institutions that are registered under the Reserve Bank of India Act, 1934. NBFCs can be classified based on their liabilities, assets, or size. The key differences between banks and NBFCs are that NBFCs cannot accept demand deposits or issue cheques. To obtain an NBFC license, a company must be registered in India and have a minimum net owned fund of Rs. 200 lakhs. The formation process involves registering the company with the proper object clause, filling application forms, and submitting documents such as certificates, financial statements, and board resolutions to the RBI for approval. NBFCs must also comply with various RBI, SEBI
bank definition, elaborate so specific
Customer Experience:
Adoption of online and mobile banking.
Personalized services through data analytics.
24/7 accessibility and self-service options.
Operational Efficiency:
Automation of routine tasks and processes.
Implementation of artificial intelligence for decision-making.
Integration of cloud computing for scalable infrastructure.
Risk Management:
Enhanced cybersecurity measures to protect digital assets.
Advanced analytics for fraud detection and prevention.
Compliance with evolving regulatory requirements in the digital landscape.
Data Management:
Utilization of big data for insights into customer behavior.
Effective data governance to ensure security and compliance.
Leveraging data for strategic decision-making.
Financial Inclusion:
Digital channels as a means to reach unbanked populations.
Innovative financial products and services for diverse customer segments.
Regulatory Compliance:
Navigating regulatory challenges in the digital space.
Ensuring compliance with data protection and privacy laws.
Adapting to changes in financial regulations driven by digital trends.
Presentation by Maurice Blackburn head of Superannuation John Berrill to the Association of Superannuation Funds of Australia (ASFA) National Conference, Melbourne, 2014.
View John's profile: http://www.mauriceblackburn.com.au/our-people/lawyers/john-berrill/
The document summarizes recent regulatory updates from the Bangko Sentral ng Pilipinas (BSP). It outlines amendments to rules implementing the Truth in Lending Act to enhance loan transparency, extend exemptions on additional documentation requirements for micro and small enterprise loans, and revise the compliance framework for banks. The updates aim to promote financial inclusion, consumer protection, and a robust compliance system among financial institutions.
The document summarizes recent regulatory updates from the Bangko Sentral ng Pilipinas (BSP). It outlines amendments to rules implementing the Truth in Lending Act to enhance loan transparency, extend exemptions on additional documentation requirements for micro and small enterprise loans, and revise the compliance framework for banks. The updates aim to promote financial inclusion, consumer protection, and a robust compliance system among financial institutions.
The document discusses the roles and responsibilities of boards of directors. It explains that boards of directors are bodies that oversee the activities of companies and organizations. They are responsible for overall management, strategy, and effective functioning. Boards delegate day-to-day operations to executives but remain accountable for performance. The document also provides examples of board structures and responsibilities for banks, including composition of boards, eligibility of directors, and regulatory oversight by the Reserve Bank of India.
The document provides an introduction and background to South Africa's Insurance Bill that is being considered by the Standing Committee on Finance. It summarizes the extensive consultation process undertaken and key issues raised during public comments. It also outlines the objectives of the Bill, how it aligns with the Twin Peaks model of financial regulation and the Financial Sector Regulation Act. An overview is given of each chapter of the Bill and the matters it covers such as licensing, governance, financial soundness, reporting and the powers of the Prudential Authority.
Presentation law on credit institution in VietnamSBLAW
油
This document provides an overview and summary of credit institution laws and regulations in Vietnam.
It begins with definitions of key terms like credit institutions and their various forms such as banks, non-banking credit institutions, micro-finance institutions, and people's credit funds.
The document then outlines the process for establishing different types of credit institutions in Vietnam, including the required conditions and capital requirements. It also summarizes the procedures for obtaining an establishment and operation license.
Lastly, the document summarizes Vietnam's legal framework for lending activities of credit institutions. It covers topics like types of loans, borrowers, evaluation and lending decisions, loan agreements, and penalties for non-compliance.
BBF 322 REGULATORY FRAME WORK OF FINANCIAL (1).pptxmichealmawadri
油
The document discusses regulations around shareholding and capital requirements for financial institutions in Uganda. It states that no individual or group can own more than 49% of a financial institution's shares. Minimum capital requirements are also specified, such as commercial banks needing a minimum paid-up cash capital of UGX 10 billion, to be increased to UGX 25 billion by 2013. Non-bank financial institutions must have a minimum capital of UGX 500 million. These regulations aim to promote stability in the financial system.
The document provides an overview of the Indian financial system, institutions, and markets. It begins with definitions of key terms like financial system and discusses the key features of the Indian financial system such as providing linkage between depositors and investors, efficient allocation of resources, and aiding economic development. It then covers various components of the financial system including institutions, services, markets, instruments and the regulatory framework. Specific laws governing the financial sector like the Banking Regulation Act, RBI Act, and key provisions of these Acts are also summarized.
This document discusses the regulation and supervision of banks in India by the Reserve Bank of India (RBI). It outlines the objectives of regulation as protecting depositors, ensuring orderly banking operations and liquidity/solvency. The RBI's regulatory functions include establishing the legal framework and controlling bank management and operations through various sections of acts like the Banking Regulation Act. The document also describes the organization of RBI's regulatory and supervisory departments and functions, and highlights various regulatory and supervisory initiatives and measures taken by RBI.
History of Non-Banking Financial Companies Classification of Non-Banking Co...Mohammed Jasir PV
油
History of Non-Banking Financial Companies
Classification of Non-Banking Companies
Classification of Activities of NBFC
Fund Based Activities
Fee Based Activities
Concepts, Growth and Trends of Fee Based And Fund Based Activities.
The document provides an overview of the functions and operations of Bank Negara Malaysia (BNM), the central bank of Malaysia. It discusses BNM's establishment in 1959 due to the need to manage Malaysia's money and credit situation. The key objectives and functions of BNM include issuing currency, maintaining monetary stability, influencing credit situations, and supervising banking institutions. BNM implements various monetary policy tools such as interest rates, reserve requirements, and open market operations to regulate money supply and credit. It also acts as the government's banker and financial advisor.
The document summarizes proposed amendments to Mongolia's Banking Law and Law on the Central Bank. Key proposed changes to the Banking Law include improving governance requirements for banks, introducing early intervention measures, improving bank resolution processes, and shifting supervision from compliance-based to risk-based. Proposed changes to the Law on the Central Bank include clarifying the Bank's powers and functions, and promoting its operational independence. The amendments aim to ensure financial stability and reduce bank risks in line with international standards.
The document provides an overview of various regulators of the financial system and capital markets in India. It discusses the key regulators including the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Ministry of Finance, the Ministry of Corporate Affairs, the Pension Fund Regulatory and Development Authority (PFRDA), and the Insurance Regulatory and Development Authority (IRDA). It outlines the objectives, functions and powers of these regulatory bodies in governing monetary policy, banking, securities markets, insurance sector and facilitating orderly development of the financial system in India.
Chapter 6 commercial bank management .pptxrekhabawa2
油
The document discusses various types of loans and credit facilities provided by banks to corporate clients. It describes RBI guidelines for regulating lending activities including credit allocation, exposure limits, interest regulations, and prudential norms. It also covers different kinds of loans such as short term, medium term, long term, fund based, non-fund based and asset based loans. Additionally, it discusses consortium lending and loan syndication where multiple banks jointly provide credit to large corporate borrowers.
How to Create Non-banking financial institutionDheeraj Mundra
油
Non-banking financial institutions (NBFCs) are financial institutions that are registered under the Reserve Bank of India Act, 1934. NBFCs can be classified based on their liabilities, assets, or size. The key differences between banks and NBFCs are that NBFCs cannot accept demand deposits or issue cheques. To obtain an NBFC license, a company must be registered in India and have a minimum net owned fund of Rs. 200 lakhs. The formation process involves registering the company with the proper object clause, filling application forms, and submitting documents such as certificates, financial statements, and board resolutions to the RBI for approval. NBFCs must also comply with various RBI, SEBI
bank definition, elaborate so specific
Customer Experience:
Adoption of online and mobile banking.
Personalized services through data analytics.
24/7 accessibility and self-service options.
Operational Efficiency:
Automation of routine tasks and processes.
Implementation of artificial intelligence for decision-making.
Integration of cloud computing for scalable infrastructure.
Risk Management:
Enhanced cybersecurity measures to protect digital assets.
Advanced analytics for fraud detection and prevention.
Compliance with evolving regulatory requirements in the digital landscape.
Data Management:
Utilization of big data for insights into customer behavior.
Effective data governance to ensure security and compliance.
Leveraging data for strategic decision-making.
Financial Inclusion:
Digital channels as a means to reach unbanked populations.
Innovative financial products and services for diverse customer segments.
Regulatory Compliance:
Navigating regulatory challenges in the digital space.
Ensuring compliance with data protection and privacy laws.
Adapting to changes in financial regulations driven by digital trends.
Presentation by Maurice Blackburn head of Superannuation John Berrill to the Association of Superannuation Funds of Australia (ASFA) National Conference, Melbourne, 2014.
View John's profile: http://www.mauriceblackburn.com.au/our-people/lawyers/john-berrill/
The document summarizes recent regulatory updates from the Bangko Sentral ng Pilipinas (BSP). It outlines amendments to rules implementing the Truth in Lending Act to enhance loan transparency, extend exemptions on additional documentation requirements for micro and small enterprise loans, and revise the compliance framework for banks. The updates aim to promote financial inclusion, consumer protection, and a robust compliance system among financial institutions.
The document summarizes recent regulatory updates from the Bangko Sentral ng Pilipinas (BSP). It outlines amendments to rules implementing the Truth in Lending Act to enhance loan transparency, extend exemptions on additional documentation requirements for micro and small enterprise loans, and revise the compliance framework for banks. The updates aim to promote financial inclusion, consumer protection, and a robust compliance system among financial institutions.
Nepal ranked 102nd in the 2019 travel and tourism competitiveness index, largely due to tourists' purchasing power being a key attracting factor. The index analyzes 141 economies and how their tourism sectors responded to economic, security, and health shocks. Nepal ranked poorly in cultural resources and business travel based on criteria like UNESCO sites and meetings. It ranked 113th in safety and security, needing more protection for tourists. The report suggests Nepal improve air connectivity, transportation access to sites, and accommodation quality to attract more tourists, especially as the global population over 60 grows significantly.
This document discusses different types of middlemen in distribution channels. It defines middlemen as institutions or businesses between producers and final buyers that facilitate the flow of goods. The main types of middlemen discussed are agent middlemen (e.g. brokers, commission agents) and merchant middlemen (e.g. wholesalers, retailers). Wholesalers purchase goods in bulk from manufacturers and sell them in smaller quantities to retailers. Retailers then sell directly to end consumers. The document outlines various functions and classifications of these middlemen.
The document discusses performance of contracts under Nepali law. It defines performance as the fulfillment of obligations by contracting parties. There are different types of performance, including actual performance when obligations are fully met, attempted/tender performance when a party offers to perform, and partial performance when some but not all obligations are met. The key rules for performance are that parties must perform what is specified, within the time and manner agreed upon, and at the location indicated in the contract. Non-performance may be excused in certain circumstances like impossibility, illegality, or death of a party. Overall, timely performance by all parties is essential for upholding contracts and the rule of law.
This document discusses sales promotion, which uses short-term incentives to stimulate quicker or greater purchase of products and services. It can involve coupons, contests, samples, or other incentives for consumers or retailers. The document outlines the goals of consumer and trade sales promotion, compares sales promotion to advertising, and lists common sales promotion tools for both consumers and retailers. It also discusses reasons for the growth of sales promotion and its advantages and disadvantages.
The document provides guidance on key rules of salesmanship including relation building, straight thinking, and presentation. It emphasizes building rapport with customers through smiling, greeting them, and general discussion before jumping to sales. Salespeople should think logically and organize their presentations with valid evidence and benefits of the product. Finally, the document outlines dimensions of selling including knowing the customer's needs and wants, having strong product knowledge with confidence and enthusiasm, and properly introducing and comparing a product to competitors without criticism.
This ebook provides a comprehensive exploration of the theme of perfectionism, the inner critic, and the importance of being present in both personal and professional contexts, particularly in legal settings.
1. Silencing the Inner Critic: We begin with a focus on freeing oneself from self-judgment and the judgment of others. I emphasize the importance of slowing down racing thoughts and acknowledging that worrying does not alter the past, nor does it change the future.
2. Perfectionism: I discuss the concept of perfectionism and how it is not only unattainable but also uninteresting. I suggest that audiences are drawn to authenticity rather than flawless performances. The idea is reinforced with examples, such as how mistakes can lead to valuable outcomes. Being human is inherently messy and striving for perfection often stems from past criticism and fear of judgment.
3. Cultural Obsession with Perfection: I discuss society's obsession with perfection, from social media selfies to curated appearances, and the stifling nature of this pursuit on creativity.
4. Authenticity in Legal Practice: I share personal insights from my experience in law, noting that imperfections in presentations can enhance authenticity and resonate more deeply with jurors. The lessons learned suggest that genuine emotion and real-life experiences are more impactful than polished performances.
5. The Power of Words: The significance of words is highlighted, particularly in the courtroom, where they can evoke strong emotions and influence the jury's perception. The balance between passion in advocacy and careful word choice is emphasized, as well as the necessity of being mindful of the energy and emotions conveyed through words.
6. Engaging the Jury: I discuss the dynamics of jury interaction, emphasizing that jurors desire a captivating experience and are often rooting for the lawyer to engage them. Strategies for empowering the jury and acknowledging their role in the courtroom are suggested to foster goodwill and enhance the overall trial experience.
7. Being Present: A significant portion of the presentation focuses on the importance of being present in the moment. Individuals spend a considerable part of their day lost in thoughts of the past or future, leading to stress and anxiety. I encourage mindfulness practices, such as meditation, to cultivate a non-judgmental mind and improve focus on the present.
8. Managing Thoughts and Expectations: Techniques for managing thoughts and expectations are discussed, including the idea of viewing thoughts as passing cars rather than allowing them to derail focus. The importance of setting realistic expectations and being adaptable in the face of objections during legal proceedings is highlighted.
9. Final Thoughts: I conclude with a call to embrace the present moment fully, suggesting that true freedom and spontaneity arise from engaging fully with life as it unfolds.
John Halpern, cofounder of Bain Capital, Sued for Sexual Assaultlunaticsumon
油
Plaintiff Christopher Michael Ausnit (hereinafter Plaintiff) was sexually assaulted and abused by Defendant John Dale Halpern (hereinafter Defendant) multiple times during an extensive and extenuating period of time, ranging between 1972 and 1994, approximately. The abuse was systematic, repetitive, horrific, outrageous, and spanned from when the Plaintiff was a minor, to adulthood, causing extensive psychological trauma and emotional distress.
The Nigerian Insurance Industry An Overview of the Regulatory & Commercial La...MerisLabs
油
The Nigerian Insurance Industry: An Overview of the Regulatory & Commercial Landscape
Presented at Zelle International LLP Insurance Conference at The Old Library @ Lloyds
June 26, 2024
By
Obafemi Agaba, LLM (Lond.); MCIArb (UK); Notary Public, Jackson Etti & Edu
Designed by
Tomide Adeoye
MerisLabs
Apply for a Work Permit in Czech RepublicBridgeWest.eu
油
This presentation and the article in the link present the steps foreigners must take in order to apply for a work permit in Czech Republic: https://czech-immigration.com/czech-republic-work-permit/.
Master the art of persuasive debate with the 10 Golden Rules of Argumentation! Whether you're in a legal discussion, a business negotiation, or an everyday conversation, strong argumentation skills are essential. In this video, we break down the key principles that help you construct logical, compelling, and well-structured arguments.
Learn how to present your points effectively
Avoid common logical fallacies
Strengthen your critical thinking skills
Brought to you by BrydonLaw, a trusted name among lawyers in Jefferson City, MO, this guide will help you argue with confidence and clarity. Watch now and elevate your debate skills!
Terrorism Risk Insurance Program 2025 Data CallJasonSchupp1
油
For many years, CBI has raised concern that only a small number of captive insurance companies participating in the program respond to Treasurys compulsory data calls such as the one subject to this Notice. Treasury has been generally dismissive of CBIs concerns. CBI again raises this concern coupled supported by data from the National Association of Insurance Commissioners and Treasurys own analysis suggesting that Treasurys data collection reaches at most one-third of all participating captive insurers.
Captive insurance companies are insurers formed to insure the risks of their corporate owners. Because only large businesses have the resources to form captives, captive insurance company performance under the program is a fair proxy for determining the extent to which program benefits flow to large corporations (i.e., through their participating captives) or to small and medium businesses (i.e., through traditional insurers).
While representing a relatively small amount of direct written premium covered by the program, captives play an outsized role in the receipt of potential benefits under the program. Based on Treasurys own reporting, captives represent a mere 5% of the programs premium but are expected to receive up to 95% of any benefits paid out under the program. Given the low response rate of captives to Treasurys data call, even this extraordinary proportion understates the dominance of captive insurance companies (and of their large corporate parents) in the consumption of program benefits.
More complete collection of data from captive insurers would surely reveal that closer to 99% of program benefits flow to large corporations through their participating captive insurance subsidiaries, while small and medium sized businesses receive nearly no benefits under the program. CBI suggests that through outreach to state licensed or registered captive managers Treasury would be in a better position to fulfill its statutory mandate to report on the effectiveness of the program.
Unit-III
Indian Partnership Act: Definitions - Nature - Mode of determining the existence of partnership - Relation of partner - Relation to partners to one another - Rights and duties of partner - Relation of partners with third parties - Types of partners , Admission of partners - Retirement - Expulsion - Dissolution of firm. Registration of firms.
Agency - Definition - Requisites Kinds - Creation of Agency - Rights and duties of agent. Delegation, scope of agents authority, relaxation of principal with third parties - Position of principal and agent in relation to third parties - Personal liability of agent - Termination of agency Identification of different kinds of agency transactions in day to day life in the commercial world; Liability of the principal for acts of the agent including misconduct and tort of the agent Liability of the agent towards the principal. Personal liability towards the parties - Methods of termination of agency contract - Liability of the principal and agent before and after such termination.
John Halpern, cofounder of Bain Capital, Sued for Sexual Assault.pdflunaticsumon
油
Plaintiff Christopher Michael Ausnit (hereinafter Plaintiff) was sexually assaulted and abused by Defendant John Dale Halpern (hereinafter Defendant) multiple times during an extensive and extenuating period of time, ranging between 1972 and 1994, approximately. The abuse was systematic, repetitive, horrific, outrageous, and spanned from when the Plaintiff was a minor, to adulthood, causing extensive psychological trauma and emotional distress.
ARTICLE 2 DECLARATION OF PRINCIPLES AND STATE POLICIES INDIVIDUAL ACTIVITY.pdftriaabaasilio
油
Band And Financial Institution Act_2073_Presentation.pptx
1. Advocate Suman Dhungana
Bank and Financial Institution Act
(BAFIA) 2073
Overview, Objectives, Features, and
Major Provisions
2. Advocate Suman Dhungana
Objectives of BAFIA 2073
- Promote public trust in financial institutions
- Ensure quality and reliable banking services
- Protect rights and interests of depositors and
investors
- Mitigate banking risks
- Foster economic liberalization
- Establish legal provisions for incorporation,
management, and operation
3. Advocate Suman Dhungana
Key Features of BAFIA 2073
- Umbrella legislation for all banks and financial institutions
- Mandatory incorporation as public companies
- Capital structure requirements (30% public, 51% promoters)
- Board of Directors: 5-7 members, max two terms
- CEO qualifications and tenure guidelines
- Prior approval from Nepal Rastra Bank (NRB)
- Prohibition on unauthorized financial activities
- Classification into A, B, C, D categories
- Share buyback provisions
- Emphasis on stability and governance
4. Advocate Suman Dhungana
Major Provisions of BAFIA 2073
- Incorporation as public companies with NRB approval
- Capital formation and share transaction regulations
- Defined roles and composition for Board of Directors
- CEO qualifications and term limits
- Regulatory compliance with NRB directives
- Maintenance of required capital and reserves
- Operational guidelines and risk management
practices