Finance Articles

Amending Procedural Laws for Collection of E-taxation

The electronic transaction ordinance defines the certificated copies in which are to be presented for adjudication. Where any law requires or permits the production of certified copies of any records, such requirement or permission shall extend to print outs or other forms of display of electronic documents where, in addition to fulfillment of the requirements as may be specified in such law relating to certification, it is verified in the manner laid down by the appropriate authority.

The code of civil procedure should be amended to oblige the court to accept the endorsement rule as enunciated in the rule 4 and 5 Order XI of the Code of Civil Procedure Act 1908 as defined in section 12 of Electronic Transaction Ordinance 2002.

The power to summon as defined in subsection (1) of section 94 of Cr.P.C (Act V of 1898) should be extended so as to add the power of police to summon all persons who has committed offence under electronic transaction ordinance 2002.

My recommendations are that amendments should be made in section 95 of the Cr.P.C.( Act V of 1898) in manner as to add wordings of 'electronic document' and power of certification services provider defined in electronic transaction ordinance 2002, parallel with the power of possession of documents held by postal and telegraphic authorities and the similar types of amendments are recommended in subsection (1) of section 96 and in clause (a) to (e) of subsection (1) of section 99.

The section 510 of Cr.P.C. (Act V of 1898) should be amended for acceptance of the report of Certification council issued under section 21 of electronic transaction ordinance 2002.

The writer is an advocate of High Court and practicing immigration and corporate laws in Pakistan since September 2001. He is a self employed and pioneer in research on electronic commerce taxation in Pakistan. His articles were published widely in the critical areas of cyber crimes, electronic commerce, e-taxation and various other topics. He wrote LL.M thesis on titled "Legislation of electronic commerce taxation in Pakistan" in which he provided comprehensive legal proposals for statutory reconstruction of tax laws for purpose of imposition of taxation on e-business in Pakistan. Currently he is conducting is research on topic 'Electronic commerce taxation: emerging legal issues of digital evidence'.Author can be contacted by adil.waseem@lawyer.com

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Americas Watchdog's Expresses Grave Concerns Over Wall Streets Three Biggest Con Jobs Related To Auction Rate Securities, The Mortgage Mega Disaster,
Americas Watchdog is expressing grave concerns over the degree that Wall Street seems to be manipulating public perception with respect to, auction rate securities, the mortgage mega disaster, and expected interest rate cuts by the Federal Reserve. In the case of auction rate securities, Americas Watchdog calls it, "The worst single case of fraud in US history." In the case of the US mortgage mega disaster, Americas Watchdog is calling Wall Street, "A pack of liars in their attempts to gloss over the problem," and in the case of Wall Street's pressuring the Federal Reserve to lower interest rates, Americas Watchdog calls it "insanity, with the end product being hyper inflation."

Obelisk International Announces its Latest Investment Opportunity: Alpine Lodge in Bansko, Bulgaria.
Obelisk International launches Alpine Lodge: a four-star ski and golf apartment resort in Bulgaria's most popular ski resort, Bansko.

Advantages Of Mortgage Pre-Approval
There are several advantages to getting mortgage pre-approval before looking for a home.Being pre-approved for a loan lets you know how much you can borrow towards a home, your agent can help you find a home within the loan amount you're pre-approved for, and a seller of a home is more likely to accept your offer than someone who has not been pre-approved for a loan yet.

American Home Bank Announces American SystemBuilt Mortgage
"American SystemBuilt Mortgage is ideal for home manufacturers who want to participate in a joint venture arrangement or for those manufacturers, builders or dealers who are simply looking to work with a lender who specializes in the systemsbuilt construction process," commented Paul Fazzini, Senior Vice President of Joint Venture Development. www.americansystembuiltmortgage.com provides information and details.

Can A Bad Credit Refinance Mortgage Loan Save Your Home?
If your debt monthly payments including your mortgage installments have become unbearable and you fear you might loose your home to repossession, you might want to consider a refinance mortgage loan. Following you will learn when refinancing is the solution and what type of loan you should request.

PENSCO Trust Helps Investors Expand their IRA Investment Options to Include Real Estate, Notes, Private Businesses and More with Self-directed IRAs
Free Educational Event on Self-Directed IRAs hosted by PENSCO Trust is coming to TX and NJ. This Mini-Symposium series is for CPAs, Attorneys, Financial Advisors, Real Estate and Mortgage Professionals who want to tap this emerging market and learn the rules about self directed IRAs and the new Solo(k) (CE credits offered)

Poor Credit Mortgage - Overcoming Financial Slumber
There is a huge market for homeowners who have credit issues like - poor credit, sub prime loan borrowers. Some years ago what was seen as a sure sign of frustrated mortgage attempt is now opening a new variety of mortgage called poor credit mortgage.

Mortgage Tax Deduction Big Driver for New Home Buyers, Reports GuideToRealty.com
With tax season in progress, GuideToRealty.com, a top online real estate resource, has the information and tips prospective homebuyers are looking for to help them find the perfect home or the right real estate agent. In a stabilizing real estate market, the mortgage tax deduction offered by owning a home emphasizes the need for top resources like GuideToRealty.com and its sister site, GuideToLenders.com, both of which provide articles, tips and information designed to help visitors through the home buying process.

How To Avoid Connecticut Mortgage Disaster
With Connecticut home values decreasing daily, foreclosures at an all-time state high and adjustable mortgage rates in the double digits are the norm across Connecticut what does the future look like for those of us who carry debt? Connecticut homeowners recently received some help from the FHA Secure program, but the problem with that program was that many connecticut mortgage lenders did not want to offer it. In order to add further help our governor recently unveiled the CT Families Program which will provide relief to you if: Your home is worth more than you owe (you have equity) You have generally made your mortgage payments on time You personally live in the property You can document your current income If you have an Adjustable Rate...

Direct Mail Marketing in the Mortgage Industry Works
Some say direct mail 'doesn't work' for marketing a mortgage company. But a multi-billion dollar a year industry says otherwise!

Hard Money Loans - Reasons Why You Might Want To Try Applying With A Subprime Mortgage Lender
Before you apply for a hard money loan, try applying with a subprime mortgage lender first for lower rates and fees. Hard money lenders charge excessive fees to high-risk borrowers, but will only lend 50% to 75% of the value of the property.

Finance for Life, Premium Finance Industry Leader, Continues Getting Cases Funded Despite Industry Turmoil
In an apparent shut down of several funding sources, it has been noted that as many as six lenders have lost their funding sources or have had a delay in receiving their funding. This has caused a sudden and unexpected cessation of the funding of many life insurance premium finance cases. Agents and their clients have been left in shock and are scrambling to find reliable funders. Finance For Life is committed to excellence in service and personal and professional attention to all cases. As such, Finance For Life is positioned to absorb a substantial case load for those looking to place cases that lenders have been unable to fund.

Knowing When To Refinance An Oklahoma Mortgage After Bankruptcy
Knowing when to refinance and not to refinance is difficult for every homeowner, but after bankruptcy, the decision gets even tougher. There are a lot of different things that should factor into your evaluation, including your current finances, your credit score, and your ability to get approved. Here are a few tips to help you decide whether or not you should refinance your Oklahoma mortgage after bankruptcy:

Cheap Mortgage Protection Cover Can Be Found
Mortgage protection cover - or mortgage payment protection insurance (MPPI) as it can be known as - is taken out to ensure that if you should come out of work through accident, sickness or unemployment then you will have a predefined monthly income which will last for around 12 months.