Their downside is that the donor relinquishes all control over the transferred property, and certain tax implications may also arise.
Bollywood starlet Rakhi Sawant who is contesting from Mumbai North West seat has declared herself an "illiterate" with total assets of Rs 14.69 crore.
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HC restrains Nokia from selling, transferring ownership rights in India.
Not just unclaimed bank deposits, there are thousands of crores of rupees locked in unclaimed shares and insurance policies lying with many institutions across India.
The idea is to do away with the need for the approval of the Core Group of Secretaries on Divestment for privatisation of companies, especially in non-strategic sectors.
In a special campaign from April 2017 till July 2021, 13,801 cases were lodged under the Gangster Act and 43,294 accused arrested, while the National Security Act was invoked against 630 people, Additional Director General of Police, Law and Order, Prashant Kumar said.
The sprawling Ashram founded by arrested self-proclaimed godman Sarathi Baba alias Santosh Raula in Odisha's Kendrapara district was officially evaluated at Rs 4.48 crore.
If the gift is received from a relative, there is no tax implication. But if the gift is received from a non-relative and exceeds Rs 50,000 in value during a financial year, the entire value of the gift is taxable.
The government can seek details from sellers such as sources of funds while buying.
As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
The details Mallya filed earlier in his disclosure statement about his foreign properties do not have reference of cash in hand or bank details
The total value of Naveen Patnaik's assets has swelled by Rs 4 crore from Rs 7.98 crore to Rs 12.06 crore between 2009 and 2014. This increase is because of appreciation of property value instead of acquisition of any new property.
The move came a day after the Election Commission announced dates for the forthcoming assembly polls in his state.
23 of the DMK's 24 candidates are crorepatis!
With this, 85 officers, including 64 high ranking ones, have been compulsorily retired.
Sparking a controversy, a Congress candidate for the Jammu and Kashmir assembly elections has mentioned the marriage of his daughter as a "liability" in his affidavit submitted along with his nomination papers.
A bench of justices Surya Kant and Dipankar Datta admitted the appeal filed by Ravindhranath against the high court order for hearing and issued notice to P Milany, who filed the petition challenging his election from the Theni constituency.
Forty-five cows, 20 calves and a double barrel gun with 50 cartridges are among the possessions of former Bihar Chief Minister Rabri Devi who is contesting the Lok Sabha polls as a Rashtriya Janata Dal candidate from Saran constituency.
The 17-lender consortium led by State Bank of India has also put the Flying Models, Funliner, Fly Kingfisher and Flying Bird Device on the block.
Recently, Enforcement Directorate (ED) attached assets worth Rs 757.8 crore of Amway India Enterprises in connection with an alleged marketing scam. It claimed that Amway was running a multi-level marketing scam. The ED provisionally attached immovable and movable properties worth Rs 411.83 crore and bank balances of Rs 345.94 crore from 36 different accounts belonging to Amway. Data from the Department of Economic Affairs shows that in 2021-22 (until December 2021), ED had provisionally attached Rs 8,989.3 crore worth of assets.
The Madras high court on Thursday declared invalid the 2019 election of expelled All India Anna Dravida Munnetra Kaahagam member O P Ravindhranath from Tamil Nadu's Theni constituency.
By registering the fresh case, ED wants to strengthen its probe against the beleagured liquor baron and expedite a slew of actions it has initiated against him
Irani has said she did not complete her Bachelor of Commerce (Part-I) -- a three-year degree course -- from Delhi University's School of Open Learning in 1994.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
Buyer actor-producer Sachiin Joshi, who owns Viiking Media, has reportedly bought the villa, spread over 12,350 sq ft or three acre at Candolim.
Capital markets regulator Sebi has sent a notice to Deccan Chronicle Holding's promoters and asked them to pay Rs 4.29 crore in a matter related to misrepresentation of financial statements of the company from FY 2008-09 to 2011-12. The regulator directed T Venkattram Reddy, T Vinayak Ravi Reddy and P K Iyer to pay Rs 4.29 crore, which includes interest and recovery costs, within 15 days, Sebi said in a demand notice issued on Friday. In the event of non-payment, it will recover the amount by attaching and selling the movable and immovable properties of the Deccan Chronicle Holdings Ltd (DCHL) promoters.
Banks put the airline's trademarks including Kingfisher logo and the once-famous tag-line 'Fly the Good Times' on the block
According to police, the documents recovered during the raids revealed that Singh was allegedly involved in promoting enmity and hatching a conspiracy against the established government and public representatives and was booked under sedition charges.
All India Anna Dravida Munnetra Kazhagam supremo Jayalalithaa was acquitted on Monday by the Karnataka high court in the 19-year-old disproportionate assets case, a verdict that is sure to put her back in the Tamil Nadu chief minister's seat.
The government has reconstituted a high level committee for the disposal of enemy properties that have been left behind by those who migrated and took up citizenship of Pakistan and China.
Singh was booked under IPC sections 124-A (sedition) and 153-A (promoting enmity between different groups on grounds of religion, race, place of birth, residence, language, etc) of the IPC at Raipur's City Kotwali police station late on Thursday night, Raipur Senior Superintendent of Police (SSP) Ajay Yadav said.
Sebi on Thursday barred 45 entities, including actor Arshad Warsi, his wife Maria Goretti and others, from the securities market in cases related to manipulating the share prices of two companies through uploading misleading videos on YouTube channels. The cases pertains to uploading misleading videos on YouTube channels and recommending investors to buy the shares of Sadhna Broadcast Ltd and Sharpline Broadcast Ltd. Apart from the couple, some of the promoters of Sadhna Broadcast have been restrained from the securities market for their involvement.
ED orders Chanda Kochhar to appear with asset lists also provide income-tax returns in her individual capacity and of companies if she was a director or held any position.
An analysis of the assets data from Association of Democratic Reforms shows that the average assets of a winner of the 2014 LS election was more than the average assets of a candidate: more the money you have, more the chances of winning.
President Pratibha Patil's son Rajendra alias Raosaheb Shekhawat, who is contesting from Amravati constituency on a Congress ticket, is worth Rs 6.68 crore. Shekhawat's movable property is valued at Rs 1.36 crore and his immovable assets are worth Rs 5.32 crore, said the affidavit sworn by him at the time of filing of nomination.
The Enforcement Directorate on Friday slapped a money laundering case against former Indian Air Force chief SP Tyagi and 20 others in the Rs 3,600-crore AgustaWestland VVIP chopper deal to probe alleged kickbacks of Rs.360 crore.
The ED will soon file a complaint under the Prevention of Money Laundering Act (PMLA) to probe criminal proceeds of crime that were allegedly generated by Dubey, his associates and family members and if this money was subsequently used for creation of illegal movable and immovable properties.
The bench expressed displeasure over the trend of filing of sedition cases just after senior advocate F S Nariman made opening submissions on behalf of Singh, saying 'the gentleman has served as the Additional Director General of Police (ADGP) and was acting as the Director of the Police Academy and now the proceedings under section 124A (sedition) of the IPC have been initiated against him'.
The Union Cabinet on Wednesday approved the dissolution of the Central Inland Water Transport Corporation Limited as part of the government's move to identify and close down "irretrievable" cases.
While the ruling Bharatiya Janata Party has given tickets to 76 'crorepati' candidates, the opposition Congress has fielded 60 such nominees. They are followed by seven from the Nationalist Congress Party, six from the Aam Aadmi Party and two from the Bahujan Samaj Party.
