Clipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-sivasankaran-deal-raises-hoped-for-other-defaulting-promoters/article34572075.ece Firms may be able to take back control of their companies if the debt resolution process fails to find new owners Former promoters
Category: Legal
Judiciary walks the talk on Taxpayers’ Charter – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/judiciary-walks-the-talk-on-taxpayers-charter/article34573636.ece As promised in the Taxpayers Charter, the IT department is committed to providing fair treatment and delivering professional assistance in all dealings with
Unhappy with insurer’s response to your Covid claim? Move the ombudsman | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/unhappy-with-insurer-s-response-to-your-covid-claim-move-the-ombudsman-121051401193_1.html If your complaint has merit, the ombudsman, which is decidedly consumer-centric, could rule in your favour Kimti Lal Khatri, 55, a resident of
Crypto exchanges draw attention of regulators over brand promotions | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/crypto-exchanges-draw-attention-of-regulators-over-brand-promotions-121051700016_1.html According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the
Reimbursement claimed on welfare expenses incurred by multinationals in India outside gamut of tax: ITAT – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/reimbursement-claimed-on-welfare-expenses-incurred-by-multinationals-in-india-outside-gamut-of-tax-itat/articleshow/82680179.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Tax tribunal lays out ground rules for taxing such expenses, should benefit Indian arms amidst Covid pandemic. It said that there should be
Govt may amend DICGC Act in monsoon session to provide timely service to ailing bank depositors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/govt-may-amend-dicgc-act-in-monsoon-session-to-provide-timely-service-to-ailing-banks-depositors/articleshow/82677021.cmsSynopsis Once the Bill becomes the law, it will provide immediate relief to thousands of depositors who had their money parked in stressed lenders
As mortality grips lives more people are now willing to make a will – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/more-people-are-now-willing-to-make-a-will/articleshow/82666532.cms Synopsis–Leading legal firms and lawyers are seeing a sharp rise in consultation on writing/revisiting wills and estate planning. Not only mortality, but business
Defence against arbitration award enforcement: GoI engages legal team to counter Cairn’s moves – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/goi-engages-legal-team-to-counter-cairns-moves/articleshow/82671781.cmsSynopsis Cairn filed the lawsuit on Friday in the district court for the Southern District of New York seeking to make Air India liable
How you can claim domiciliary hospitalisation benefit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/how-you-can-claim-domiciliary-hospitalisation-benefit/article34568467.ece In-built in some health covers Santosh and Sophia logged on to their regular morning Zoom call at work and finding that their other
How to manage your non-bank deposits in Covid times – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-manage-your-non-bank-deposits-in-covid-times/article34568663.ece NBFC deposit transactions have gone digital, making branch visits unnecessary The corporate deposit ecosystem, like many others in our country, previously involved physical
Unhappy with insurer’s response to your Covid claim? Move the ombudsman | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/unhappy-with-insurer-s-response-to-your-covid-claim-move-the-ombudsman-121051401193_1.html If your complaint has merit, the ombudsman, which is decidedly consumer-centric, could rule in your favour Kimti Lal Khatri, 55, a resident of
Let promoter clause remain for better accountability – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/let-promoter-clause-remain-for-better-accountability/article34560086.ece Difficult to unearth Sahara-like scams if disclosures are curtailed in DRHP The market regulator Securities and Exchange Board of India last week came
Accept and regulate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/accept-and-regulate/article34559933.ece The Centre needs to quickly finalise its policy on cryptocurrency trading The delay by the Centre in formulating a policy regarding trading and
RBI tells lenders to reconsider ties with crypto exchanges, traders | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-tells-lenders-to-re-consider-ties-with-crypto-exchanges-traders-121051300685_1.html The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the
‘Promoter’ vs ‘person in control’: How will Sebi’s new proposal play out? | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/promoter-vs-person-in-control-how-will-sebi-s-new-proposal-play-out-121051301327_1.html The rationale behind replacing the concept of “promoter” with “person in control” is to absolve entities, which, in reality, don’t have any control
God’s own patience: Meet Padmakumar Madhavan Nair, MD & CEO of NARCL | Business Standard News
lipped from: https://www.business-standard.com/article/finance/god-s-own-patience-meet-padmakumar-madhavan-nair-md-ceo-of-narcl-121051301337_1.html His staying power was in evidence during the groundwork for the resolution of the debt owed by Anil Ambani-controlled Reliance Communication which involved
Auto-debit payment bounce rate increases again in April | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/second-covid-wave-auto-debit-payment-bounce-rate-increases-again-in-april-121051400052_1.html Experts say the rise may continue, given the lockdowns In absolute terms, in April of the 85.4 million auto-debit transactions initiated, 56.3 million
Officers’ unions appeal to CVC to put annual transfers in PSBs on hold due to the pandemic – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/officers-unions-appeal-to-cvc-to-put-annual-transfers-in-psbs-on-hold-due-to-the-pandemic/article34549501.ece It will be very difficult for officers to shift to new locations amidst the Covid situation, say Unions Mumbai, May 13 The Unions,
The financial condition of PMC Bank continues to be precarious: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/the-financial-condition-of-pmc-bank-continues-to-be-precarious-rbi/article34550106.ece Liquidity position not improving enough to allow enhancement of withdrawal limit The Reserve Bank of India said any generalisation for release of funds
GDR scam: SEBI lets Aptech off the hook – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/gdr-scam-sebi-lets-aptech-off-the-hook/article34552194.ece Spares the company monetary penalty; says law cannot be applied retrospectively Market regulator SEBI had found Aptech Ltd guilty of fraud in the
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