Clipped from: https://www.business-standard.com/article/finance/banks-told-to-tighten-monitoring-have-ironclad-kyc-to-avoid-new-jamtara-122021601581_1.html?code=NTM4OTU9MTIyMDIxNjAxNTgx Banking sources indicate there have been brazen violations of Section 17 of the RBI’s Master Direction on KYC norms That explains the need
Category: Legal
Avoid amendment | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/avoid-amendment-122021601523_1.html Proposed changes in GST will increase friction The goods and services tax (GST) would soon complete five years. While this milestone will lead
Extramarital affair cannot be reason to sack policeman from service: Gujarat High Court – The Financial Express
Clipped from: https://www.financialexpress.com/india-news/extramarital-affair-cannot-be-reason-to-sack-policeman-from-service-gujarat-high-court/2435973/ The couple admitted to the relationship, after which the police sent him a show-cause notice and dismissed him from service in 2013. The
India needs to take a serious look at its business laws. Here’s why – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/india-needs-to-take-a-serious-look-at-its-business-laws-heres-why/articleshow/89782836.cms Synopsis In the Observer Research Foundation (ORF) report, ‘Jailed for Doing Business: The 26,134 Imprisonment Clauses in India’s Business Laws’ (bit.ly/ 3sU0Kdm) released
‘Forming a trust safer than writing a Will’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/forming-a-trust-safer-than-writing-a-will/article65192958.ece A retirement plan you can bet your life on | Photo Credit: PeopleImages To mark the occasion of Women’s Day on March 8,
The digital threat | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-digital-threat-122030301472_1.html India’s cyber-security strategy needs a credible deterrence capacity Cyber-attacks during the Russia-Ukraine war may lead to the North Atlantic Treaty Organization reviewing and
Wife’s right of residence in shared household not permanent: HC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/wifes-right-of-residence-in-shared-household-not-permanent-hc/articleshow/89938081.cms Synopsis Dismissing a plea against eviction by an estranged wife living with her in-laws, the court said, “Admittedly, the right of residence under
property right: Can elder sister demand her share in father’s property even though my mother is still alive? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/can-elder-sister-demand-her-share-in-fathers-property-even-though-my-mother-is-still-alive/articleshow/89847235.cms Synopsis As per the Hindu Succession Act 1956, your elder sister being a class I legal heir is entitled to claim her share
IBBI suspends registration of valuer – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/tp-technophile/ibbi-suspends-registration-of-valuer/article65185211.ece Suspension valid till he is exonerated from PMC Bank-related charges Insolvency regulator declares Vishwanath Sridhar Prabhu as not ‘fit & proper’ Insolvency regulator
CCI cannot question pleadings of a party before a court: Amazon tells NCLAT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/cci-cannot-question-pleadings-of-a-party-before-a-court-amazon-tells-nclat-122030201265_1.html The US e-commerce giant made this argument related to CCI’s show-cause notice issued to it in June last year Amazon A statutory authority
Figures Shown to Income Tax Authorities cannot be used to determine Service Tax Liability: CESTAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/figures-shown-to-income-tax-authorities-cannot-be-used-to-determine-service-tax-liability-cestat/157572/ Clipped from: https://www.taxscan.in/figures-shown-to-income-tax-authorities-cannot-be-used-to-determine-service-tax-liability-cestat/157572/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Figures%20shown Top Stories By Rasheela Basheer – On March 2, 2022 4:39 pm The CESTAT, Kolkata bench, last week held that the figures shown to
Centre defends PMLA provisions in Supreme Court – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/centre-defends-pmla-provisions-in-supreme-court/articleshow/89952526.cms Synopsis The apex court is hearing arguments on a batch of pleas concerning the interpretation of certain provisions of the PMLA. The Centre
Context matters more than the conduct – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/context-matters-more-than-the-conduct/article65182092.ece Complex issue The abuse of economic power in the market is often determined by the context /iStockphoto Enhanced economic freedom needs cross-cutting —
Bombay High Court directs GST Department to issue Norms for Issuance of Summons during Investigations
Clipped from: https://www.taxscan.in/bombay-high-court-directs-gst-department-to-issue-norms-for-issuance-of-summons-during-investigations/156727/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Summons Top Stories By Abdullah Karuthedakam – On February 26, 2022 1:45 pm The division bench of Justice R D Dhanuka and Justice S M Modak of
Review of RERA rules likely to save home buyers from errant builders | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/review-of-rera-rules-likely-to-save-home-buyers-from-errant-builders-122022800048_1.html As state after state diluted rules to regulate real estate, SC ordered a relook If homebuyers are forced to do even more extensive due diligence
WhatsApp group admins not liable for objectionable posts by members: HC | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/whatsapp-group-admins-not-liable-for-objectionable-posts-by-members-hc-122022400492_1.html The ruling by the high court came while quashing a POCSO case against the admin of a WhatsApp group one of whose members
Explain stance on notices to companies over affiliates: Gujarat HC tells tax department – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/explain-stance-on-notices-to-companies-over-affiliates-gujarat-hc-tells-tax-department/articleshow/89828820.cms Synopsis The Gujarat High Court has asked the tax department to explain its stance on notices issued to Indian companies that were providing
Bankrupt firms: Third-party litigation funds eyeing interim finance space – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/bankrupt-firms-third-party-litigation-funds-eyeing-interim-finance-space/articleshow/89856594.cms Synopsis In December, the RP of a Faridabad-based firm that owns a shopping mall and has a debt of over Rs 300 crore,
Legal or illegal? SC asks Centre to make its stand clear on Bitcoins | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/legal-or-illegal-sc-asks-centre-to-make-its-stand-clear-on-bitcoins-122022500537_1.html The Reserve Bank of India’s order banning banks from supporting crypto transactions, was reversed in March 2020, by the Supreme Court. Photo: Bloomberg
Irdai wants insurers at par with banks on legal recourse for surety bonds | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/irdai-wants-insurers-at-par-with-banks-on-legal-recourse-for-surety-bonds-122022400581_1.html The finance minister in her Budget speech this year had said that surety bonds can be used as a substitute for bank guarantees
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