27 June 2022


Search Results for Tag : Deposit

Statute

Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2015(03.05.2016)

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Top Story

Supreme Court Takes Cognizance Regarding Time Extension of Depositing 1000 & 500 Rupee Notes(21.03.2017)

The Supreme Court has sought reply from the Central Government on a Public Interest Litigation filed alleging change in government stand of accepting .....

Tags : Notes, Deposits, Time, Extension

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Cabinet approves Banning of Unregulated Deposit Schemes Bill, 2019 to curb illicit deposit taking activities(10.07.2019)

The Union Cabinet, chaired by the Prime Minister has approved the banning of Unregulated Deposit Schemes Bill, 2019. The bill will replace the bannin.....

Tags : Bill, Approval, Schemes, Illicit deposit

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President Promulgates Banking Regulation (Amendment) Ordinance, 2020(27.06.2020)

In order to ensure safety of depositors across banks, the President has promulgated the Banking Regulation (Amendment) Ordinance, 2020. The Ordinance.....

Tags : Ordinance, Interest, Depositors

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RBI issues new Guidelines on Safe Deposit Lockers, Safe Custody Article Facility provided by Banks(18.08.2021)

Reserve Bank of India has reviewed the guidelines issued on the Safe Deposit Locker/Safe Custody Article Facility provided by the banks. The developme.....

Tags : Guidelines, Safe Deposit, Lockers

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RBI reviews instructions relating to interest on overdue domestic deposits(02.07.2021)

Reserve Bank of India (RBI) has issued the review of instructions on Interest on overdue domestic deposits. RBI’s decision to allow banks to offer the.....

Tags : Interest, Deposit, Instruction

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Notifications & Circulars

Framework to regulate and oversee co-operative banks and deposits(29.11.2016)

Reserve Bank of India (RBI) regulates and supervises the banking functions of State Cooperative Banks (StCBs)/District Central Cooperative Banks (DCCB.....

Tags : Deposits, Framework, Regulation

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Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017(14.06.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance.....

Tags : Approval, Bill, Financial Resolution, Deposit Insurance

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Implementation of SEBI circular on 'Margin obligations to be given by way of Pledge/Re-pledge in the Depository System'(29.07.2020)

1. SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020, specified mechanism with regard to Margin obligations to be given .....

Tags : Implementation, Margin obligations, Depository System

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Implementation of Circular on 'Margin obligations to be given by way of Pledge / Re-pledge in the Depository System' - Extension(27.05.2020)

1. SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020, specified guidelines with regard to Margin obligations to be given.....

Tags : Implementation, Circular, Depository System

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Disclosures on Margin obligations given by way of Pledge/ Re-pledge in the Depository System(02.09.2020)

1. Regulation 29 (4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 (herein after referred as "Takeover Regulations") .....

Tags : Disclosures, Margin obligations, Depository System

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Central Board of Indirect Taxes and Customs exempts the deposits pertaining to all classes of persons and all categories of goods, from the provisions of section 51A of the Customs Act, 1962(31.05.2022)

1. In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes an.....

Tags : Exemption, deposits, Goods

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Specified Bank Notes (SBNs) - Deposit under Guarantee Scheme to decongest the storage facilities at banks(24.11.2016)

As you are aware there is a massive accumulation of SBNs at branches of banks and currency chests putting strain on processing capacities and storage .....

Tags : Guarantee Scheme, Deposits, SBNs

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Companies (Acceptance of Deposits) Amendment Rules, 2020(07.09.2020)

In exercise of the powers conferred by section 73 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Centr.....

Tags : Acceptance of Deposits, Amendment, Rules

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Deposit of tax during the course of search, inspection or investigation(25.05.2022)

1. During the course of search, inspection or investigation, sometimes the taxpayers opt for deposit of their partial or full GST liability arising ou.....

Tags : Deposit, Tax, Investigation

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News

Union Government: Deposits Above Rs 5,000 in Scrapped Currencies Allowed Once Per Account Till Dec 30(19.12.2016)

Central Government has said that deposits totaling more than Rs 5,000 in scrapped Rs 500 and Rs 1,000 notes can be made only once per account until De.....

Tags : Central Government, Demonetisation, deposits, Rs 500, Rs 1,000, December 30

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Government: Bank Deposits Before April 01, 2016 Can be Declared Under PMGKY(19.01.2017)

Govt has clarified that deposits in bank accounts made before 1 April 2016 can also be declared under Pradhan Mantri Garib Kalyan Yojana (PMGKY), the .....

Tags : Bank Deposits, Pradhan Mantri Garib Kalyan Yojana, income disclosure scheme

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PMGKD Scheme Amended to Exclude Co-operative Banks From Accepting Deposits(23.01.2017)

Central Government has amended Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 to exclude Co-operative Banks from accepting deposits under P.....

Tags : Pradhan Mantri Garib Kalyan Deposit Scheme, Co-operative Banks

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P&H HC Repels Challenge Against Pre-Deposit Condition for Appeal Under Section 43(5) Of RERA(19.10.2020)

Punjab and Haryana High Court has repelled the challenge against the constitutionality of the condition for pre-deposit prescribed under Section 43(5).....

Tags : Punjab and Haryana High Court, Pre-Deposit Condition for Appeal

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RBI Relaxes Deposits Norm of More Than Rs 5,000 in Old Denominations For KYC A/Cs(21.12.2016)

Reserve Bank of India has relaxed its notification, specifying that deposits of over 5000 rupees could be made only after furnishing a satisfactory re.....

Tags : Reserve Bank of India, Old Denominations, Deposits, KYC A/Cs, demonetisation

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Madhya Pradesh HC Rules: Invest Seized Demonetised Notes in FDs(23.12.2016)

Madhya Pradesh High Court has ruled that demonetised currency notes of Rs 1000 and Rs 500 denomination seized in corruption cases and other criminal m.....

Tags : Madhya Pradesh HC, demonetised currency, Fixed Deposits

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Interest rate of deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(06.01.2021)

It is hereby notified that, the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announ.....

Tags : Interest rate, Deposits, Scheme

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Interest rate of deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(03.04.2019)

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....

Tags : Deposits, Interest rate, Scheme

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Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited(14.08.2017)

A reference is invited to para 9 of the Master Direction DNBR. PD.002/03.10.119/2016-17 dated August 25, 2016 on Non-Banking Financial Companies Accep.....

Tags : Rating, Fixed Deposits

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Minimum Deposit to be 30 grams of Raw Gold in Gold Monetisation Scheme(03.11.2015)

The Reserve Bank of India has modified the minimum amount of gold that can be deposited under the Gold Monetisation Scheme. Under the modified provisi.....

Tags : Gold, monetisation, minimum deposit

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Fiji, Niger and Tuvalu deposited instrument of ratification of the Framework Agreement of the International Solar Alliance(26.09.2017)

Fiji, Niger and Tuvalu deposited instrument of ratification of the Framework Agreement of the International Solar Alliance (ISA) in the 5th meeting of.....

Tags : Instrument, Ratification, Deposit, International Solar Alliance

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Introduction of system-driven disclosures in securities market(01.12.2015)

The Securities and Exchange Board of India proposed information disclosure by stock exchanges, depositories and register and share transfer agents thr.....

Tags : Disclosure, stock exchange, depositories, existing system

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Notification of Interest on deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(04.01.2022)

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....

Tags : Notification, Interest, Deposits

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EPFO withdraws 5 day grace period for depositing dues(12.01.2016)

Employees Provident Fund Organisation has withdrawn the grace period of five days for depositing dues with effect from February, 2016. The EPFO notes .....

Tags : Epfo, grace period, deposit, dues, 2016

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Composition and Ownership of Deposits with Scheduled Commercial Banks(11.01.2016)

The Reserve Bank of India released data related to the composition and ownership pattern of deposits with scheduled commercial banks as of March 31, 2.....

Tags : Scheduled banks, deposits, march 2015

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SC: Entire Waiver of Pre-Deposit for Filing Before DRAT is Impermissible(17.02.2021)

Supreme Court observed that entire waiver of pre-deposit for filing appeal before Debt Recovery Appellate Tribunal under Section 21 of the Recovery of.....

Tags : Supreme Court, Waiver of Pre-Deposit

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ARBITRATION - Pre-Deposit Clauses to Invoke Arbitration Makes Arbitral Process Ineffective: SC(12.03.2019)

Supreme Court has observed that pre-deposit clauses to invoke arbitration would render the arbitral process ineffective and expensive, and also struck.....

Tags : Supreme Court, Arbitration, Pre-Deposit Clauses

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#Budget2019: Government Raises TDS Threshold on Interest on Deposits(01.02.2019)

Union Finance Minister Piyush Goyal has announced increase in TDS threshold on interest on post office and bank deposits from Rs. 10,000/- to Rs. 40,0.....

Tags : #Budget2019, Budget 2019, Government Raises TDS Threshold on Interest on Deposits

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#Union Budget 2021-2022: Union Govt Approves Extension of Cover for Deposit Insurance(01.02.2021)

Union Government has approved an increase in the cover for deposit insurance from Rs 1 lakh to Rs 5 lakh for bank depositors, to help depositors in ba.....

Tags : Union Government, Union Budget, Deposit Insurance

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No GST on Interest Free Security Deposit for Lease: AAR(18.04.2019)

Authority for Advance Rulings (AAR), Maharashtra has held that Goods and Services Tax (GST) cannot be levied on interest free security deposit, given .....

Tags : AAR, Interest Free Security Deposit, GST

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No GST on Interest Free Security Deposit for Lease: AAR(18.04.2019)

Authority for Advance Rulings (AAR), Maharashtra has held that Goods and Services Tax (GST) cannot be levied on interest free security deposit, given .....

Tags : AAR, GST, Interest Free Security Deposit for Lease

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Govt: Specified Notes Confiscated on or before 30.12.2016 Can be Deposited in Any RBI Branch(17.05.2017)

Govt has notified rules regarding deposit of Rs. 1000 and Rs. 500 Currency Notes confiscated on or before 30.12.2016 which makes it possible for enfor.....

Tags : Specified Bank Notes (Deposit of Confiscated Notes) Rules, 2017

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Judgments

Tribunal has discretion to grant waiver from pre-deposit by recording reasons which are not necessarily be detailed and exhaustive(07.11.2019)

The present writ petition filed by the Central Board of Trustees EPFO assails the order passed by the Employees’ Provident Fund Appellate Tribunal. Un.....

Tags : Pre-deposit, Waiver, Grant

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Order under Section 119 of The Income-Tax Act, 1961(13.12.2017)

Due to certain technical issues faced by NSDL's gateway for e-payment of tax on 7th November, 2017, some taxpayers/ deductors were unable to make e-pa.....

Tags : Tax deposit, Due date, Extension

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Advances against Term Deposits of Non-members(01.09.2016)

Pursuant to the deliberations in the 32nd Standing Advisory Committee meeting held on December 14, 2015, it has been decided to permit SEBs to grant a.....

Tags : Term deposits, Non-members, Advances

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Application for waiver of pre-deposit is to be entertained as Petitioners were neither borrowers nor mortgagers or guarantors in respect of loan facility availed by principal borrower(11.10.2019)

The present petition is directed against an order passed by the Debt Recovery Appellate Tribunal ('DRAT'), rejecting the Petitioner's application seek.....

Tags : Pre-deposit, Direction, Legality

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Deposits made under the Senior Citizens Welfare Fund shall bear interest at 3.35%(23.11.2021)

It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affa.....

Tags : Deposits, Welfare Fund, Interest

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SEBI guidelines on utilisation of Investor Protection Fund(07.06.2016)

SEBI issued guidelines on utilisation and investment aspects of the Investor Protection Fund.

It notified use of the Fund for investor educ.....

Tags : investor protection fund, depositories, trust, investment

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RBI relaxes LTD guidelines for co-operative banks(07.07.2016)

The Reserve Bank of India relaxed guidelines for raising and redeeming Long Term (Subordinated Deposits by co-operative banks, replacing them instead .....

Tags : long term deposit, cooperative bank, disclosure

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DRAT cannot entertain appeal under Section 18 of SARFAESI Act without insisting on pre- deposit(02.03.2020)

The basic facts are that the Respondent No. 1 stood guarantee and mortgaged its property for repayment of loan availed by Respondent Nos. 4 and 5. The.....

Tags : Pre-deposit, Requirement, Entertainment, Appeal

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SC Upholds State’s Power to Attach Properties of ‘Defaulting’ Financial Establishments(17.05.2017)

Supreme Court has upheld State's power to issue ad interim order u/s 3 of Tamil Nadu Protection of Interests of Depositors Act, 1997, attaching immova.....

Tags : Supreme Court, Tamil Nadu Protection of Interests of Depositors Act, 1997

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Kerala High Court: Deposit of Minimum 20% Fine or Compensation Under Section 148 NI Act Necessary(16.08.2019)

Kerala High Court has ruled that there is no scope for exercise of discretion under Section 148 of the Negotiable Instruments Act, 1881 which empowers.....

Tags : Kerala High Court, Deposit

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Lok Sabha Passes Banning of Unregulated Deposit Schemes Bill, 2019(25.07.2019)

Lok Sabha has passed the Banning of Unregulated Deposit Schemes Bill, 2019 in a bid to save gullible investors from ponzi schemes. The Bill seeks to p.....

Tags : Lok Sabha, Banning of Unregulated Deposit Schemes Bill, 2019

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RBI Issues Review of Instructions on Interest on Overdue Domestic Deposits(06.07.2021)

Reserve Bank of India (RBI) has issued the review of instructions on Interest on overdue domestic deposits. The RBI has directed Banks to refer to dir.....

Tags : Reserve Bank of India, Interest on Overdue Domestic Deposits

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RBI Allows Bank to Offer Lower Rate on Matured Fixed Deposits(06.07.2021)

Reserve Bank of India has allowed banks to offer the lower of either the savings deposit rate or fixed deposit rate on matured Fixed Deposits in a bid.....

Tags : Reserve Bank of India, Rate on Matured Fixed Deposits

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SC: Condition of Pre-deposit of Fine Cannot be Imposed to Hear Revision Petition Filed by Convict(09.08.2021)

Supreme Court has observed that deposit of fine amount cannot be made a condition precedent for hearing revision petition under Section 397 of the Cri.....

Tags : Supreme Court, Condition of Pre-deposit of Fine

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Pre-deposit clauses to invoke arbitration struck down by Supreme Court as it makes arbitral process ineffective and expensive(11.03.2019)

In present case, the Respondent issued notice inviting tender for extension and augmentation of water supply, sewerage scheme, pumping station and sew.....

Tags : Arbitral process, Pre-deposit, Clause

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Mandatory pre-deposit is required to be deposited before Tribunal within 30 days for further benefits(26.05.2020)

Challenge in present appeal is to the order passed by learned Single Judge disposing off the petition granting 30 day's time to the appellant/petition.....

Tags : Pre-deposit, Direction, Legality

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Madras High Court: Inability to Pay Pre-Deposit No Ground to Invoke Writ Jurisdiction(31.01.2018)

Madras High Court has held that inability to pay pre-deposit of 7.5% before the Commissioner (Appeals) cannot be a fit ground for invoking writ jurisd.....

Tags : Madras High Court, Pre-Deposit

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SEBI Comes Out with Liberalised Norms for Depository Receipts(11.10.2019)

Securities and Exchange Board of India has come out with a detailed framework for issuance of depository receipts (DRs), a move that will provide Indi.....

Tags : SEBI, Depository Receipts

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SC: NCDRC Can Direct Deposit of Entire or More Than 50% Amount Determined by SCDRC for Stay(08.12.2021)

Supreme Court has held that the National Consumer Disputes Redressal Commission (NCDRC) can direct the deposit of the entire amount or more than 50% o.....

Tags : Supreme Court, Deposit for Conditional Stay

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NCLT, Delhi: Advanced Deposit Towards Licence Fee Considered as Operational Debt(25.01.2022)

National Company Law Tribunal, Delhi has held that advanced deposit towards license fee would be considered as an Operational Debt and issuance of not.....

Tags : National Company Law Tribunal, Advanced Deposit Towards Licence Fee

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SEBI Notifies Winding Down Policy for Depositories(31.05.2016)

Securities and Exchange Board of India (SEBI) has notified new framework for orderly winding down of depositories in the events like a depository goin.....

Tags : Securities and Exchange Board of India, Depositories

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ITAT Clarifies on Rent Deposits(07.06.2016)

Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has observed that the notional interest on security deposit paid by an employer to the landlord c.....

Tags : Income Tax Appellate Tribunal, ITAT, security deposit

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SEBI Tightens IPF Norms for Depositories(08.06.2016)

SEBI has observed that depositories can use the money in their investor protection funds (IPF) only to promote investor education and awareness progra.....

Tags : SEBI, IPF, Depositories

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While granting default bail/statutory bail under Section 167(2) of the Code of Criminal Procedure, 1973, condition of deposit of amount cannot be imposed(15.10.2020)

The original accused has preferred the present appeals, feeling aggrieved and dissatisfied with the impugned order, by which the High Court has releas.....

Tags : Bail, Deposit, Condition

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Evidence of attorney is acceptable, where the affairs of a party are looked after by an attorney or a close family member(26.10.2020)

Present civil revision petition has been preferred by the Petitioner-tenant against the orders passed by the Authorities below ordering his ejectment .....

Tags : Ejectment, Deposition, Legality

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TDS Surveys by Income Tax Department unearths huge defaults in deduction and deposit(04.03.2020)

In a major breakthrough, the Tax Deducted at Source (TDS) wing of the Income Tax Department has unearthed default of TDS of Rs. 324 crore in the case .....

Tags : TDS Surveys, Defaults, Deduction, Deposit

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Date for seeking comments from stakeholders and public on the Draft Financial Resolution and Deposit Insurance (FRDI) Bill extended till 31st October, 2016(20.10.2016)

The Government of India had invited stakeholder/public comments on the Draft Financial Resolution and Deposit Insurance(FRDI) Bill, 2016 from 28.9.201.....

Tags : Financial Resolution, Deposit Insurance, Comments, Invitation

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Kerala HC: Must Prove Accused is Absconding to Record Witness Deposition(14.01.2022)

Kerala High Court ruled that before recording witness depositions under Section 299 of the Code of Criminal Procedure, it should be established that t.....

Tags : Kerala High Court, Record Witness Deposition

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RBI Relaxes Deposit Norms for Foreign Missions, Diplomats(06.05.2016)

Reserve Bank of India (RBI) has repealed and superseded regulations under the Foreign Exchange Management (Deposit) Regulations, 2000, in consultation.....

Tags : Reserve Bank of India , Foreign Exchange Management (Deposit) Regulations, 2000,

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Kerala HC: State Can Bring Entire Territory for Enabling Mortgage by Deposit of Title-Deeds(16.12.2021)

Kerala High Court has observed that the provisions of Section 58(f) of the Transfer of Property Act, 1882 pertaining to Mortgage by deposit of title-d.....

Tags : Kerala High Court, Enabling Mortgage by Deposit of Title-Deeds

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Supreme Court: Money Deposited by Customer in Bank is Not Held as Trustee(28.12.2021)

Supreme Court has observed that the money that is deposited by the customer in the bank is not held by it as a trustee but it becomes a part of the ba.....

Tags : Supreme Court, Money Deposited by Customer in Bank

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SC Stays Madras HC Order Directing Deposit in CM's Public Relief Fund for Release of Vehicle(04.01.2022)

Supreme Court has stayed a Madras High Court order in so far as it directed deposit of a sum of Rs. 1 lakh, as non-refundable deposit, in the Chief Mi.....

Tags : Supreme Court, Deposit in CM's Public Relief Fund for Release of Vehicle

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NCDRC Directs Builder to Compensate Homebuyers for Delay in Refund of Maintenance Deposit(14.02.2022)

National Consumer Disputes Redressal Commission has ordered a refund of the refundable maintenance along with delay compensation at 6% for the Flat Ow.....

Tags : National Consumer Disputes Redressal Commission, Refund of Maintenance Deposit

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Acceptance of the offer must be absolute and unqualified and cannot be conditional(05.01.2021)

Present appeal is against a common Judgment and Order passed by the High Court confirming a Judgment and Order of the Additional Senior Civil Judge, a.....

Tags : Refund, Earnest Deposits, Entitlement

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Entire waiver of pre-deposit for filing appeal before DRAT under Section 21 of the Recovery of Debts and Bankruptcy Act, 1993 is impermissible(16.02.2021)

The Appellant is before present Court assailing the order whereby the High Court has permitted Respondents No. 1 and 2 to prosecute the appeal before .....

Tags : Pre-deposit, Waiver, Legality

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Requirement of deposit of 75% of the awarded amount as a pre- deposit is mandatory(08.10.2021)

Present appeal is against the impugned judgment and order passed by the High Court, by which the High Court confirmed the order passed by the learned .....

Tags : Pre-deposit, Condition, Legality

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Bombay HC Grants Bail and Directs Priest to Deposit Amount to CM's Relief Fund(14.05.2020)

Bombay High Court has granted ad-interim bail to a 65-year-old man who performed pooja at a religious ceremony held in Solapur, Maharashtra in presenc.....

Tags : Bombay High Court, Priest to Deposit Amount to CM's Relief Fund

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Madhya Pradesh HC: Condition to Deposit Amount in PM CARES Fund for Bail is Improper(14.05.2020)

Madhya Pradesh High Court has set aside the bail condition imposed by a local Court that the Petitioners should deposit an amount of Rs 25,000/- each,.....

Tags : Madhya Pradesh High Court, Condition to Deposit Amount in PM CARES Fund

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CESTAT: Deposits in Profit and Loss Account is Not Duty Under Excise Act(24.03.2022)

Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has ruled that deposit in Profit & Loss Account is not duty and therefore, provisions o.....

Tags : Customs, Excise, and Service Tax Appellate Tribunal, Deposits in Profit and Loss Account

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Delhi High Court Asks Builders to Deposit 50% of Profiteered Amount(05.03.2020)

Delhi High Court has asked two real estate companies to deposit 50% of the alleged profiteered amount in separate funds, staying the order of National.....

Tags : Delhi High Court, Deposit of Profiteered Amount

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Orissa HC: Deposit of Amount in No-Lien/Escrow Account Will Not Constitute Actual Payment(11.03.2022)

Orissa High Court has ruled that deposit of amount in no-lien/escrow account will not constitute actual payment under Section 43-B of the Income Tax A.....

Tags : Orissa High Court, Deposit of Amount in No-Lien/Escrow Account

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Madhya Pradesh HC Puts on Hold All Proceedings against IAS Officer in ICD Scam(18.10.2016)

Madhya Pradesh HC has stayed entire proceedings against IAS Officer Sudhi Ranjan Mohanthy in multi-crore Inter-Corporate Deposit (ICD) scam.

Tags : Madhya Pradesh HC, Inter-Corporate Deposit, Scam

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National Commission can direct deposit of entire or more than 50% of amount determined by State Commission for stay(07.12.2021)

The original Appellant – builder has preferred the present Appeal against impugned order passed by the National Consumer Disputes Redressal Commission.....

Tags : Pre-deposit, Condition, Jurisdiction

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Pre-condition of deposit of twenty percent of the demand can be relaxed in appropriate cases(23.03.2022)

Present writ petition has been filed challenging the orders passed by the Respondents whereby the stay application filed by the Petitioner had been di.....

Tags : Demand, Pre-condition, Deposit

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CESTAT: Doctrine of Unjust Enrichment Does Not Apply to Payment of Duty by Way of Pre-Deposit(27.06.2022)

Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Mumbai bench has held that doctrine of unjust enrichment can’t apply to the payment of d.....

Tags : CESTAT, Unjust Enrichment, Pre-Deposit

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NCLAT: Interest Free Security Deposit is an Operational Debt(28.04.2022)

National Company Law Appellate Tribunal has observed that an interest free security deposit towards advance license fee will qualifies as an operation.....

Tags : National Company Law Appellate Tribunal, interest free, security deposit, Insolvency & Bankruptcy Code, 2016

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ITAT, Jaipur: FDRs Interest Made for Business Purposes Shall be Treated as Business Income(29.04.2022)

Income Tax Appellate Tribunal, Jaipur has ruled that the interest income received from the Fixed Deposit Receipt made for business purposes and for ge.....

Tags : Income Tax Appellate Tribunal, Fixed Deposit Receipt, Income from Other Sources, Income Tax Act, 1961

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ITAT, Cuttack: Source of Money Cannot be Doubted if Fixed Deposits Are Made Out of Savings(02.05.2022)

Income Tax Appellate Tribunal, Cuttack has observed that the cause of money cannot be doubted if the fixed deposits are made out of the savings of the.....

Tags : Income Tax Appellate Tribunal, fixed deposits, assessee

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Madras HC: Pre-Deposit Payment Made by Parent Company Amounts to Proper Compliance(22.04.2022)

Madras High Court has observed that the payment of pre deposit made by the parent company having a distinct service tax registration amounts to proper.....

Tags : Madras High Court, pre deposit, service tax, compliance

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ITAT, Ahmedabad: KYC Form is Prima Facie Proof For Address of Account Holder(17.05.2022)

Income Tax Appellate Tribunal, Ahmedabad has ruled that Know Your Customer (KYC) Form is prima facie proof for address of account holder and upholds t.....

Tags : Income Tax Appellate Tribunal, Know Your Customer, cash deposits

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ITAT: No Disallowance of PF/ESI Contributions on Account of Delay in Deposit(20.05.2022)

Income Tax Appellate Tribunal ( ITAT ), Delhi Bench has held that no disallowance of provident fund and Employees State Insurance contributions on acc.....

Tags : Income Tax Appellate Tribunal, Disallowance, Provident Fund, Delay in Deposit

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Tax authorities are entitled to grant stay on deposit of amounts lesser than twenty percent of the disputed demand(02.05.2022)

Present writ petition has been filed challenging the orders passed by Respondents No.1 and 2, without considering the submissions made by the Petition.....

Tags : Stay applications, Pre-deposit, Discretion

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Appeal or revision cannot be dismissed solely on ground of failure to pre deposit maintenance amount(14.05.2019)

Petitioner impugns order whereby the Appellate Court has dismissed the appeal of the Petitioner on the ground that, Petitioner has failed to deposit t.....

Tags : Maintenance, Pre-deposit, Arrears

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NSEL subject to provisions of MPID(01.10.2015)

The Bombay High Court dismissed NSEL’s petition against the application of Maharashtra Protection of Interest of Depositors (In Financial Establishmen.....

Tags : Stock exchange, Maharashtra, depositors,

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HP HC: Accused Shall be Allowed to Furnish Cash Deposits for Getting Bail(07.08.2020)

Himachal Pradesh High Court has observed that the Courts while granting bail should give a choice to the accused to either furnish surety bonds or giv.....

Tags : Himachal Pradesh High Court, Cash Deposits for Getting Bail

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SC: Condition of Pre-Deposit Before Filing Appeal is Required to be Satisfied(06.05.2022)

Supreme Court while considering Special Leave Petition where the High Court had held that the requirement of pre-deposit is not mandatory, has observe.....

Tags : Supreme Court, Special Leave Petition, pre-deposit

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Kerala HC: Waiver of Pre-Deposit u/s 35F for Filing Appeal Destroy Legislative Intent(07.04.2022)

Kerala High Court has observed that waiver of pre-deposit for filing appeal under section 35F of the Central Excise Act, 1944 would destroy the legisl.....

Tags : Kerala High Court, waiver, pre-deposit, section 35F Central Excise Act, 1944, legislative intent

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Kerala HC: Waiving of Statutory Mandate of Pre-Deposit Merely on Plea of Financial Hardships(12.04.2022)

Kerala High Court has observed that the High Court cannot waive the statutory mandate of pre-deposit merely on the plea of financial hardships.

Tags : Kerala High Court, waive, statutory, pre-deposit, financial hardships

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SC Dismisses NSEL Plea Challenging Applicability of Maharashtra’s Depositors Protection Law(27.10.2016)

Supreme Court has dismissed a case filed by National Spot Exchange Ltd (NSEL), challenging applicability of Maharashtra Protection of Interest of Depo.....

Tags : Supreme Court, National Spot Exchange Ltd, Depositors Protection Law

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Madras High Court denies anticipatory bail to Subhiksha promoter(18.09.2015)

The Court denied anticipatory bail to R. Subramanian, noting that it had already passed lenient orders in the past in efforts to enable some repayment.....

Tags : Anticipatory bail, depositors, access

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Court has no discretion to vary the amount required to be deposited before entertaining the application under Section 34 of Arbitration Act(02.09.2021)

In facts of the present case, the parties were engaged in commercial business transactions relating to purchase of readymade denims and shirts by the .....

Tags : Pre-deposit, Direction, Legality

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Rules are constitutionally valid as framed with an object to curb filing of frivolous public interest litigations or petitions with oblique motive at initial stage itself(11.11.2019)

The Petitioner, who is a practising Advocate of present Court has filed present writ petition under the head of 'Public Interest Litigation'. The cas.....

Tags : Fees, Deposit, Requirement, Legality

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Mere payment of contributions after filing of case will not absolve employer from his liability(27.04.2018)

In facts of present case, on November 19, 2014, Enforcement Officer, Employees Provident Fund Organization (Opposite party No. 2) inspected the establ.....

Tags : Provident Fund, Deposit, Default, Proceedings, Quashing

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Application for setting aside the sale can be made only after deposit of purchase money(25.02.2020)

Present civil appeal is filed by the Appellants, aggrieved by the judgment and order passed in Letters Patent Appeal by the High Court. It is contende.....

Tags : Purchase money, Deposit, Time period

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