Chandigarh Police has formed a Special Investigation Team (SIT) to investigate the suicide case of Haryana police officer Y Puran Kumar, ensuring a prompt and thorough investigation.
Charges under the SC/ST Act have been added to the FIR in the alleged suicide case of Haryana IPS officer Y Puran Kumar following a plea by his wife. The case involves allegations of caste-based discrimination and harassment against senior officers.
The wife of a senior Haryana police officer who allegedly committed suicide has questioned the FIR filed in the case, citing incomplete information and seeking amendments to include all accused and reflect appropriate sections of the SC/ST Act.
An income tax tribunal held that the PoA could not be construed as an instrument of transfer concerning any right, title, or interest in the immovable property.
Against the backdrop of Karvy crisis where securities worth Rs 2,300 crore of more than 95,000 clients were transferred into its account, NSE has asked investors to register for online applications provided by depositories for online delivery of securities as an alternative to PoA.
The Securities and Exchange Board of India (Sebi) has warned stock brokers against forcing clients to give a power of attorney (PoA) in their favour for operating client accounts.
JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order imposing restrictions on the company's financing business and asserted that there was "no material deficiencies" in its loan sanctioning process. The Reserve Bank on Tuesday imposed restrictions on JM Financial Products Ltd after it found the company indulged in various manipulations, including repeatedly helping a group of its customers to bid for various IPOs (initial public offerings) by using loaned funds. "After careful and detailed review of the order issued by the RBI on the action against JM Financial Products Ltd, we strongly believe that there have been no material deficiencies in our loan sanctioning process.
In a significant verdict, the Supreme Court by a majority of 7:2 on Tuesday held all private properties cannot form part of "material resources of the community" empowering states to take them over for distribution to serve "common good" under the Constitution.
The Supreme Court on Wednesday said the Constitution intended to bring about a 'sense of social transformation' and it would be 'dangerous' to say that the private property of an individual cannot be regarded as material resources of community and taken over by state authorities to subserve 'common good'.
It said that it was "disheartening" to see that some news channels "are in the habit of publishing sleaze more than news."
The Securities and Exchange Board of India (Sebi) has for the first time proposed to regulate online platforms offering fractional ownership in real estate, a model already popular in countries like the United States and UAE. In a consultation paper floated recently, the capital markets regulator stated that such fractional ownership of real estate assets was proposed to be brought as MSM (micro, small, medium) REITs under Sebi (Real Estate Investment Trusts) Regulations. This model allows investors to own a fraction or a small share in a real estate asset like buildings and office spaces, which could include warehouses, shopping centres, conference centres.
The Assam police suo motu registered the FIR against Gandhi and several other leaders for "wanton acts of violence" here during the party's 'Bharat Jodo Nyay Yatra' on Tuesday.
The government has amended Aadhaar regulations, specifying that supporting documents need to be updated "at least once" by Aadhaar holders on completion of 10 years from enrolment date.
After considering the facts and circumstances of the case including enormity of the prima facie violations observed against Karvy, Sebi in an order passed late night Friday said it would not be prudent to allow the use of PoA by Karvy given to it by its clients.
'The stockbroker should have a good balance sheet to support its scale of operations. It should also have proper risk management in terms of margins so that it doesn't go bankrupt during extreme market movements.' 'The broker must have a track record of navigating several market cycles in an ethical and transparent manner.'
He said the team management has informed the Pakistan High Commission in the UK and the relevant authorities in London about the disappearance of Suleman and Nazeerullah.
Several brokers used shares of dormant or inactive clients to provide margins for other more active clients. This prompted Sebi to rework its entire system of pledging.
Prima facie, there was evidence to indicate that there was a 'conspiracy' between Hasina Parkar (Ibrahim's sister), Salim Patel (alleged associate of Ibrahim) and Malik to grab the land owned by Munira Plumber and her mother Mariyum Goawala, said R N Rokade, special judge for cases under the Prevention of Money Laundering Act (PMLA).
Pakistani shooters were not allowed to participate in the ISSF event in Delhi.
Ambassador Pankaj Sharma, Permanent Representative of India to the Conference on Disarmament (CD), Geneva, said India has been drawing the attention of the world towards these threats and the need to strengthen international cooperation to address them through its annual consensus UNGA resolution titled 'Measures to prevent terrorists from acquiring weapons of mass destruction'.
In a discussion paper released for public comments, the regulator said it wanted to put restrictions on a franchisee or a representative of the broker to use a client's account. Sebi said the PoA would be executed only in the name of a brokerage and not in favour of a sub-broker or an employee.
The Enforcement Directorate (ED) on Thursday said it has arrested Karvy Stock Broking Limited (KSBL) CMD C Parthasarathy and group CFO G Krishna Hari in connection with a money laundering investigation linked to alleged diversion of clients' securities of over Rs 2,873 crore. The agency produced the two-- already lodged in central jail, Bengaluru after being arrested by the police-- before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad on January 20 and on January 25 it remanded them to four days of ED custody from January 27-30, it said in a statement. The ED case, filed under the criminal provisions of the PMLA, is based on multiple Telangana Police FIRs filed by the HDFC Bank, few other banks and investors alleging clients' securities were illegally diverted by Karvy Stock Broking Ltd and these were later pledged with banks and non banking financial companies (NBFCs) for loans which were later "defaulted".
Bharatiya Janata Party-ruled Rajasthan has reported the highest number of cases of atrocities against SCs and STs during 2013-15, followed by poll-bound Uttar Pradesh, and Bihar, a new government report said, even as the Centre on Monday flagged the issue of poor conviction rates in such cases.
A dispute between the Pakistan Olympic Association (POA) and the state-operated Pakistan Sports Board (PSB) could threaten the country's participation in London 2012, the head of the POA said on Sunday.
Leading bourse BSE has also declared Karvy Stock Broking as a defaulter and expelled the brokerage house from its membership after a similar action was taken by the NSE. Investors having any outstanding claims against the brokerage can file their claims with the exchange within 90 days from the date of issue of the notice -- by February 22, 2021 -- the BSE said in a circular on Tuesday.
The bank can declare a withdrawal by you as illegal and deny any remedy in case a problem arises.
At the time of filling the KYC (Know Your Customer) documents (when joining), do not sign wherever you are asked to. In particular, look closely at the power of attorney (PoA) section, experts tell Sanjay Kumar Singh
The land acquisition, the consolidation process in Kot and a slew of other decisions by the Haryana government to open the hills to privatisation and commercial activity run contrary to court orders, environmentalists' demand, and at times the Union government's measures to protect the Aravalli hills, say Nitin Sethi & Kumar Sambhav Shrivastava.
Market players said the new norms were more suited for online brokers, where clients were typically internet savvy.
Restricted by state government orders, the ownership of such land could not be formally registered, so the advances made continued to be reflected in the accounts as 'advances against land'.
In case of any grievance, file a complaint with Sebi on its SCORES (Sebi Complaints Redress System) web site, suggests Sanjay Kumar Singh.
'POA has always, even in the past, stood for India. It played a significant role in India winning the Commonwealth Games bid,' Pakistan Olympic Association secretary general Muhammaed Latif Butt said.
If you leave too much money lying in your trading account or hand over your securities to brokers, there is always the risk that they could use it to trade in the markets.
The map shows the state wise rate of crime/atrocities committed against SCs by non-SCs in 2016.
Pakistan could soon join neighbours India as Olympic outcasts with the International Olympic Committee (IOC) on Tuesday considering suspending the country over what it said was government interference.
Notorious poacher Sansar Chand was sentenced to six years jail by a Delhi court on Wednesday, in a case relating to seizure of a leopard skin in 1995, saying such offence should be dealt with "iron hands".
How can you access the bank account of an incapacitated person?
To participate in an OFS, investors will have to open a trading A/C
In a move to protect the interest of investors, the Securities and Exchange Board of India has asked a high-level committee to suggest guidelines for the power of attorney that investors issue in favour of their brokers. The agreements that are signed between brokers and investors are also up for review.
There might have been some security concerns in sending their athletes to India ahead of the ongoing 12th South Asian Games, but chef-de-mission of Pakistan Islahuddin Siddiqui admitted that his country's contingent did not face any such issues, in Guwahati, on Sunday.
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