Chief Justice of India Uday Umesh Lalit Tuesday recused himself from hearing an appeal of the Andhra Pradesh government against the high court verdict that held the state legislature "lacked competence" to make any legislation for shifting, bifurcating or trifurcating the capital.
'You can't tell a student who is already in a medical course to give the entrance exam all over again.'
The Delhi woman had claimed that she was kidnapped and raped by five men for two days.
The police have registered a case against a woman and three others after she allegedly levelled a "fabricated" gang-rape charge in an attempt to grab property.
Consumer activist Jehangir B Gai explains a RBI circular that says the customer is not liable for unauthorised transactions that occur due to contributory fraud, negligence, or deficiency on the bank's part.
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".
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Singh, who had accused the then Maharashtra home minister Anil Deshmukh of corruption, has alleged frame up in criminal cases.
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.
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 Securities and Exchange Board of India (Sebi) has deferred the diktat requiring foreign investors to disclose their mobile number, email addresses and income details to depositories, a move believed to be aimed at curbing practices such as round tripping and money laundering. "Based on the representations received from MIIs (market infrastructure institutions), Sebi has decided to extend the deadline for making 6-KYC attributes mandatory for new accounts opened by 1 month to July 1, 2021. "Participants are accordingly requested to take note of the above and ensure compliance," NSDL said in a note on Tuesday. The regulator is also meeting custodians this week to thrash out a solution and address investors' concerns.
'Pakistan has completely failed to provide the remedy as directed by the ICJ and India reserves its position in the matter, including its rights to avail of further remedies'
The ED made this claim while seeking the 62-year-old Nationalist Congres Party leader's custody for interrogation in the money laundering probe linked to the activities of Ibrahim and his aides.
The total default is said to be in excess of Rs 3,000 crore - making this the largest default by a broker.
Militant labour policies compounded a poor security environment for capital in West Bengal and encouraged the business community to relocate. constraining the private sector's right to hire freely could well be the coup de grace. As with Calcutta/Kolkata, it will probably take a decade for Gurgaon/Gurugram to feel the difference, says Kanika Datta.
Communicate your every step towards the betterment of their future. If the initial hand-holding will be done right, they will understand and respect your decision of helping them, says Naval Goel.
What's required is proper implementation of the rules and better coordination between market intermediaries such as stock exchanges and clearing members who play a key role in monitoring brokerages.
Amisha Patel has publicly declared her parents have been exploiting her.
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.
In case of any grievance, file a complaint with Sebi on its SCORES (Sebi Complaints Redress System) web site, suggests Sanjay Kumar Singh.
The case has been brought by Srichand Parmanand Hinduja, 84, described as the "patriarch" of the family, against brothers G P Hinduja, 80, P P Hinduja, 75, and A P Hinduja, 69, and revolves around the "validity and effect" of a letter dated July 2, 2014. The letter includes statements to the effect that the brothers appoint each other as their executors, and that assets held in any single brother's name belong to all four. A related second letter, dated July 1, 2014, is also linked to the dispute.
He, however, seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the NCLT to recover Rs 1,200 crore.
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.
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.
Market players said the new norms were more suited for online brokers, where clients were typically internet savvy.
How can you access the bank account of an incapacitated person?
Telugu Desam Party founder president N T Rama Rao's widow Lakshmi Parvathi was Friday evicted from the house she was living in since 1993.
Widening its probe into the finances of YSR Congress chief Y S Jaganmohan Reddy, the Enforcement Directorate has issued summons to him in connection with the money laundering case against the member of Parliament.
The Bill also makes it mandatory for every person presenting the document at the registration office to affix his passport size photograph and get photographed by a digital camera on the document.
Vikas Yadav, serving life term along with cousin Vishal in the Nitish Katara murder case, was granted custodial parole for a day by the Delhi High Court on Tuesday to execute a general power of attorney in favour of his mother.
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'.
Indian superstar Amitabh Bachchan is apparently desperate to become a farmer.
The market regulator is mulling safeguards relating to power of attorney.
Pradip Burman belongs to one of India's most illustrious business families, one which runs the noted Dabur brand of mostly Ayurveda-based FMCG products.
As many as 18 firms were formed in the 1991-96 period only with a view to siphoning off the "unlawful resources" accumulated by then chief minister Jayalalithaa, the special court in the disproportionate assets case against her and 3 others has held.
A five-judge Constitution bench headed by Chief Justice K G Balakrishnan, Justices R V Raveendra, D K Jain, P Sathasivam and J M Panchal ruled the insurance company cannot be precluded from recovering the compensation from carrier as long as the complaint was jointly filed or under the power of attorney granted by the assured (consginor).
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.
NCP chief Sharad Pawar's daughter and MP Supriya Sule on Wednesday said her husband and his family were being defamed by some people in connection with the IPL controversy and that he will be taking legal action in this regard.
The court stay issued the notice through the power of attorney.
ATC judge Sajjad Hussain handed down the death sentence to 23-year-old Imran Ali on four grounds -- murdering a child, kidnapping a child, rape of a minor, and committing an unnatural act with a minor.
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