Bank an ‘industrial undertaking’? Is a bank an ‘industrial undertaking’ eligible to claim deduction according to Section 35-D of the Income Tax Act? YES Bank has raised
Category: Legal
HDFC Bank warns about this fraud; Know how to keep your money safe – The Financial Express
Online frauds such as cyber threat, internet crime and hacks have also increased, with the increased adaption of technology. Leading banks like the State Bank
Can’t reject claims based on new issues | Business Standard Column
An insured who is aggrieved by the repudiation of this claim can challenge the repudiation by filing a consumer complaint. While defending the case, can
Cannot take coercive action in circular trading cases: Bombay HC | Business Standard News
The Bombay High Court on Wednesday ruled that no coercive action will be taken against a person charged with issuing fake invoices and circular trading, pending final
From arbitration to electricity theft cases, here are the key court orders | Business Standard Column
Pre-deposit demand for arbitration illegal A condition in a notice of tender demanding a pre-deposit of 10 per cent of the claim for invoking arbitration
India far away from being less-cash economy, must address digital payments security issues: Nandan Nilekani – The Economic Times
India is still very far away from being a less-cash economy and security issues around digital payments system needed to be addressed to make the mode more acceptable, Nandan Nilekani said
From inter-state sand trade to excise duty, here are the key court orders | Business Standard Column
Governments can’t ban inter-state sand trade The Supreme Court has ruled that a state government cannot ban the movement of sand to other states, as it violated
Resolution of complaints: Insurers ignoring ombudsmen judgments – The Hindu BusinessLine
Insurance companies are ignoring the implementation of judgments given by ombudsmen in resolution of complaints from policyholders. According to insurance ombudsman regulations, it is mandatory
From arbitration to deceptive trademark, here are the key court orders | Business Standard Column
Port trust can sell goods of third parties If a lessee of public premises is evicted and is in unauthorised occupation of land, properties there can
Safer way to transact online: Tokenisation of card transactions enhances digital payments ecosystem – The Financial Express
By Kalpesh J Mehta The Indian economy has traditionally been dominated by cash. However, the increased adoption of smartphones together with a favourable regulatory environment are
Posted overseas? Not disclosing foreign bank accounts can lead to prosecution under Black Money Act – The Economic Times
By Amarpal S. Chadha If you are travelling or posted abroad on work assignments, projects, business, etc you should be very careful that you do
Failure to repay a loan is not a criminal offence unless there is fraudulent intent: SC – The Hindu BusinessLine
In a significant ruling, the Supreme Court has held that failure to repay a loan is not a criminal offence unless there is a fraudulent
The Aadhaar ordinance raises serious constitutional concerns | columns | Hindustan Times
The Union Cabinet on February 28, 2019, gave its approval for promulgation of an ordinance that would allow voluntary use of Aadhaar as identity proof
e-Commerce-draft guidelines–Missing the big picture | Business Standard Editorials
The new draft e-commerce policy, issued on Saturday, is focused more on privacy of data and promoting Indian businesses than on enabling the growth of an industry
Vedanta arbitration to liquor tender, here’re last week’s key court orders | Business Standard Column
MMTC loses arbitration case against Vedanta MMTC lost its case against Vedanta Ltd for the fourth time when the Supreme Court last week dismissed its challenge to the award
Beware of the Any Desk app, warns RBI – The Hindu BusinessLine
If you get any pop-up to download an app called ‘Any Desk’ to your mobile from Play store or App store, beware. It could be
From bounced cheques to liquor licence rule, here are key court orders | Business Standard Column
Award of interest in arbitration conditional If the General Conditions of Contract in Construction Works prohibits demand of interest, arbitrators do not get jurisdiction to
A cyber security incident can be catastrophic for small businesses – The Economic Times
Only 19% of Indian organisations have sufficient budgets to provide the level of cybersecurity and resilience they would want to come by, while 69% spend a very small quantum
Transparency please! – [ Issue of sale of pledged shares ] The Hindu BusinessLine
The recent allegation by the Anil Ambani-led Reliance group that the sale of pledged shares of group companies by two leading finance companies was illegal
Over 900 cases of fraud involving cards, net banking registered in Apr-Sep 2018 – The Economic Times
According to data maintained by National Crime Records Bureau (NCRB), 12,317 cyber crime cases were registered in 2016, Ahluwalia noted. Over 900 cases of fraud
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