Search Results for Tag : Lien
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SEBI issues stricter norms to prevent client securities misuse(25.02.2020)
In order to prevent the misuse of client’s securities by broker, the Security and Exchange Board of India (SEBI) has issued a circular tightening the .....
Tags : Client securities, Misuse, Norms
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Judgments
Lien of a person on a post lapses on a person acquiring lien on another post(07.03.2017)
By instant writ petition, Petitioner seeks the relief of quashing of letter dated 18th January, 2016 whereby Respondent No.1/erstwhile employer/Kalind.....
Tags : Termination. Lien, Absorption
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Section 10 of Warehousing (Development And Regulation) Act, 2007 is applicable only if Respondent is a 'warehouseman'(01.06.2021)
Present is an application under Section 9 of the Arbitration and Conciliation Act, 1996. The Petitioner seeks interim reliefs primarily restraining th.....
Tags : Agreement, Lien, Permission
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Notifications & Circulars
Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments(20.07.2020)
1 With respect to equity derivatives and currency derivatives segments, Stock Exchanges/Clearing Corporations have mandated clearing members/trading m.....
Tags : Verification, Margins, Clients
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Cyber Security and Cyber Resilience framework for Portfolio Managers(29.03.2023)
1. With rapid technological advancement in the securities market, there is a greater need for maintaining robust cyber security and to have a cyber- r.....
Tags : Cyber Security, Cyber Resilience, Portfolio Managers
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Guidelines for MIIs Regarding Cyber Security and Cyber Resilience(29.08.2023)
1. Market Infrastructure Institutions (i.e. Stock Exchanges, Clearing Corporations and Depositories) are systemically important institutions as they, .....
Tags : Guidelines, Cyber Security, Cyber Resilience
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Bank has no right to withhold the documents of security under the right of general lien especially when the entire loan amount is repaid(13.06.2022)
By invoking the jurisdiction of writ, the question raised by the Petitioner in the present writ petition is whether the Respondent-Bank has right to w.....
Tags : Right, General lien, Documents
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News
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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Delhi HC: Relationship Between Client & Foreign Law Firm is Commercial in Nature(13.05.2020)
Delhi High Court has held that the relationship between a client and the foreign law firm engaged by it was commercial in nature in terms of Sections .....
Tags : Delhi High Court, Relationship Between Client & Foreign Law Firm
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ITAT: TDS Not Applicable to Client Referral Fee as it Won’t Amount to FTS(06.07.2022)
Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the provisions of Tax Deduction at Source (TDS) cannot be made applicable to fees for .....
Tags : ITAT, Client Referrals, FTS
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Kerala HC: Only God Can Save These Types of Lawyers(11.07.2022)
Kerala High Court has held that lawyers are duty-bound to act in the interest of their clients and that they should refrain from arguing against such .....
Tags : Kerala High Court, Lawyers, Clients
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SC: Trust Property Cannot be Alienated Unless it is for Benefit of Trust And/or its Beneficiaries(25.07.2022)
Supreme Court has held that a trust property cannot be alienated unless it is for the benefit of the Trust and/or its beneficiaries.
Tags : Supreme Court, Trust Property, Alienated
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Mother has No Right to Sell Minor's Property: Bombay High Court(25.01.2019)
Bombay High Court has ruled that when father of the minor is alive mother is a de facto guardian and she cannot sell minor's property.
Tags : Bombay High Court, High Court has ruled that a mother cannot alienate/sell property of a minor, when the father of the minor is alive she is a de facto guardian and cannot sell the minor's property.
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PMJJBY incorporates exclusion to discourage abuse(30.06.2016)
The Pradhan Mantri Jeevan Jyoti Bima Yojana will incorporate a lien clause, effective 1 June 2016, excluding claims for deaths occurring during the fi.....
Tags : pmjjby, lien clause, death, exclusion period
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Upstreaming of clients' funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)(12.12.2023)
1. With a view to safeguard clients' funds placed with Stock Brokers (SBs) / Clearing Members (CMs), SEBI, vide circular no. SEBI/HO/MIRSD/MIRSD-PoD- .....
Tags : Upstreaming, Clients' funds, SBs
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Kerala HC: Pendency of Litigation Doesn't Affect 'Right of Alienation'(17.05.2017)
Kerala High Court has held that mere pendency of litigation does not ispo facto affect person’s right to alienate the property.
Tags : Kerala High Court, Right of Alienation
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Sale of Client Relationship and Goodwill by CA Firm Constitute Capital Gain: ITAT(10.04.2019)
Income Tax Appellate Tribunal (ITAT), Delhi bench has held that sale of client relationship and goodwill by firm is capital asset under section 2(14),.....
Tags : ITAT, CA Firm, Sale of Client Relationship and Goodwill
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JKL HC: Govt. Can't Act Arbitrarily as Owner With Right of Alienation Over Evacuee’s Property(14.06.2023)
Jammu and Kashmir and Ladakh High Court while observing that government is duty bound to safeguard, maintain, and effectively utilize evacuee properti.....
Tags : Jammu and Kashmir and Ladakh High Court, Evacuee Property, Alienation
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Del. HC: Lawyers Duty Towards Client Has to be Respected by All Concerned(30.05.2023)
Delhi High Court while observing that Lawyers are an essential and powerful pillar of judicial adjudicatory process and therefore, their duty towards .....
Tags : Delhi High Court, Lawyers, Client
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SC: Lien of Govt. Servant Continues on Previous Post Unless he is Appointed on Another Post(07.09.2023)
Supreme Court has held that lien’ of a government servant only ceases to exist when he/she is appointed on another post ‘substantively’/confirmed or a.....
Tags : Supreme Court, Lien, Government Servant
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Kerala HC : Lawyer Owes Paramount Responsibility to Client First and Court Second(23.09.2021)
Kerala High Court remarked that a lawyer owes paramount responsibility to his client first, and to the court second, while dismissing the anticipatory.....
Tags : Kerala High Court, Responsibility to Client
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Securities and Exchange Board of India Bars Transfer of Client Securities to Accounts of Brokers(26.02.2020)
Securities and Exchange Board of India has banned the transfer of client securities to Demat accounts of trading and clearing members. The Board furth.....
Tags : Securities and Exchange Board of India, Transfer of Client Securities to Accounts of Brokers
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Supreme Court: Condition Restraining Alienation of Property by Donee in Gift Deed is Void(12.02.2020)
Supreme Court has observed that a condition in the gift deed that the donee shall not alienate the subject property is a void condition as per Section.....
Tags : Supreme Court, Alienation of Property by Donee
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SEBI Introduces System to Detect Misuse of Client Securities by Brokers(14.02.2020)
Securities and Exchange Board of India has introduced a system to monitor and detect misuse of client securities by stockbrokers in the wake of Karvy .....
Tags : Securities and Exchange Board of India, Misuse of Client Securities by Brokers
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