Search Results for Tag : Diligence

Notifications & Circulars

Requirement of customer due diligence and need for maintenance of records(06.12.2016)

It has been reported that, of late, a lot of customers are approaching banks for re-activation of dormant accounts. In this regard, we invite attentio.....

Tags : Diligence, Record maintenance, Requirement

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Customer due diligence for transactions in virtual currencies(31.05.2021)

1. It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual.....

Tags : Customer, due diligence, Transactions

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International Cases

Defective passage plan requires a want of due diligence to make the vessel seaworthy(10.11.2021)

Present appeal concerns the scope of a shipowner’s obligation to exercise due diligence to make a vessel seaworthy. The seaworthiness obligation is fu.....

Tags : Due diligence, Seaworthiness, Obligation

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News

Guj. HC: Onus of Due Diligence Before Entering Into Sale Transaction is on Property Purchaser(06.09.2022)

Gujarat High Court while deciding anticipatory bail plea by property purchaser charged for cheating under IPC, has held that the onus of performing du.....

Tags : Gujarat High Court, Cheating, Onus, Due Diligence

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SC: Unless Licence is Prima Facie Invalid, Burden Upon Insurer to Prove Failure on Part of Owner(01.11.2023)

Supreme Court has held that once a seemingly valid driving licence is produced by a person employed to drive a vehicle, unless such licence is demonst.....

Tags : Supreme Court, Driving Licence, Due Diligence

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