Framework for enhancing .....Tags : rbi, large borrower, risk, asset
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NCLAT: Asset Can be Kept Out of Liquidation Estate if Asset is Sub-Judice Before High Court(24.01.2022)
National Company Law Appellate Tribunal has held that an asset can be kept out of liquidation estate if the said asset is sub-judice before the High C.....
Tags : National Company Law Appellate Tribunal, Asset, Liquidation
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SC: Sale of Entire Running Business With Assets, Liabilities Is Not 'Short-Term Capital Assets'(19.04.2017)
Supreme Court has held that Section 50 (2) of Income Tax Act will not apply to a case where entire running business with assets and liabilities is sol.....
Tags : Supreme Court, Short-Term Capital Assets
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Rajasthan HC Stays Order Attaching Assets of Chittorgarh Tehsildar, Collector and SP(26.02.2021)
Rajasthan High Court has put a stay on the ACJM Court, Chittorgarh order for the attachment of chair, car and residences of the tehsildar, collector a.....
Tags : Rajasthan High Court, Attachment of Assets
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Delhi HC: No Requirement for CMM to Fix Time Limit for Taking Possession of Secured Asset(17.12.2021)
Delhi High Court has held that there is no requirement or justification for a Chief Metropolitan Magistrate to fix a time limit for taking possession .....
Tags : Delhi High Court, Fix Time Limit for Taking Possession of Secured Asset
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Madras HC Orders Sale of Shares Owned by Disc Assets Lead India Ltd(19.03.2018)
Madras High Court has directed the registry of its Madurai bench not to entertain any plea moved by the directors of Disc Assets Lead India Limited wh.....
Tags : Madras High Court, Disc Assets Lead India Ltd
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CCI Approves Pramerica's Acquisition of Deutsche MF Business(10.11.2015)
Competition Commission of India (CCI) has approved acquisition of Deutsche Bank's asset management business in India by global fund house Pramerica As.....
Tags : Competition Commission of India , Deutsche MF Business, Pramerica Asset Managers Pvt Ltd.
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Relaxations for Listed Companies having stressed assets(23.06.2020)
SEBI has decided to relax the pricing methodology for preferential issues by listed companies having stressed assets and exempt allottees of preferent.....
Tags : Relaxations, Listed Companies, Stressed assets
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Approval of plan for transfer of assets by Air India Limited to AI Assets Holding Limited(25.01.2022)
The Central Government hereby approves the following as plan approved by the Central Government for transfer of assets by Air India Limited to AI Asse.....
Tags : Approval, Transfer, Assets
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Income Tax Department detects Foreign Assets in recent search(29.07.2019)
Income Tax Department conducted searches on 23rd July, 2019 in a group covering 13 premises across 3 States (Delhi, Haryana & Himachal Pradesh).
<.....
Tags : Search, Detection, Foreign Assets
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Supreme Court: Disclose Info About Inquiries Against MPs Who Amassed DA(07.09.2017)
Supreme Court has directed Central Government to file a fresh affidavit with information about the results of inquiry by Central Board of Direct Taxes.....
Tags : Supreme Court, disproportionate assets
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Supreme Court Seeks Centre's Report on Jump in Assets of Lawmakers Between Elections(07.09.2017)
Supreme Court has asked Centre to furnish details of action initiated against lawmakers, some of whose assets have jumped by over “500 per cent” betwe.....
Tags : Supreme Court, Lawmakers, Assets
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Supreme Court: Lawmakers' Assets Known, Time to Talk of Income Source(13.09.2017)
Supreme Court has asked that why should aspiring lawmakers get "immunity" from disclosing their source of income, while hearing a petition that cited .....
Tags : Supreme Court, disproportionate assets
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RBI Relaxes Stressed Asset Restructuring Rules for Banks(14.06.2016)
Reserve Bank of India (RBI) has relaxed guidelines for restructuring of large stressed assets by lenders in a move that would allow the banks to more .....
Tags : Reserve Bank of India , Asset Restructuring Rules
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All. HC: Mandatorily Pass Order to Disclose Assets and Liabilities in Maintenance Proceedings(15.03.2024)
Allahabad High Court has directed all Presiding Officers dealing with maintenance proceedings in the State to pass orders making it mandatory for the .....
Tags : Allahabad High Court, Presiding Officers, Maintenance Proceedings, Assets, Liabilities
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SEBI Issues Notice to Five Asset Management Companies(07.06.2019)
Securities and Exchange Board of India (SEBI) has sent notices to five Asset Management Companies for alleged breach of Insider Trading Regulations. S.....
Tags : SEBI, Asset Management
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Reserve Bank of India Revises Stressed Asset Norms(10.06.2019)
Reserve Bank of India (RBI) has issued a new prudential framework for resolution of stressed assets, effectively replacing its 12 February 2018 circul.....
Tags : Reserve Bank of India, Stressed Asset
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Karnataka HC Grants Relief to Ex-Minister over Disproportionate Assets Case(07.10.2016)
Karnataka HC, while granting relief to Ex-Minister V Somanna, has stayed further proceedings in respect of a complaint pertaining to amassing dispropo.....
Tags : Karnataka HC, disproportionate assets
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President Pranab Mukherjee Signs Ordinance Giving RBI More Power to Tackle Bad Loans(05.05.2017)
President Pranab Mukherjee has given a nod to an ordinance to amend Banking Regulation Act for resolution of Non-performing Asset (NPA) crisis, thereb.....
Tags : President Pranab Mukherjee, Non-performing Asset
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#Union Budget 2022-2023: Scheme for Taxation of Virtual Digital Assets(01.02.2022)
Union Budget proposes that for taxation of Virtual Digital Asset (VDA), any income from transfer of VDA shall be taxed at rate of 30% without any dedu.....
Tags : Union Budget, Taxation of Virtual Digital Assets
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CCI Approves Reliance Capital-Goldman Sachs Deal(06.01.2016)
Competition Commission of India (CCI) has approved Reliance Capital Asset Management (RCAM) acquisition of Goldman Sachs' onshore asset management bu.....
Tags : Competition Commission of India, Reliance Capital Asset Management
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SC Directs Banks Not to Impose Penalty on EMI Default by Amrapali Home Buyers(19.04.2022)
Supreme Court has directed the banks that their accounts shall not be treated as Non-Performing Assets Accounts and no penalties shall be charged fro.....
Tags : Supreme Court , Non-Performing Assets Accounts, EMI, Amrapali Group
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CIC Rules: “Disclosing Assets of Official’s Spouse Not Permissible under RTI”(04.10.2016)
Central Information Commission (CIC) has ruled that demanding asset details of spouse and dependents of government officials under Right to Informatio.....
Tags : CIC, asset details of spouse
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System-based asset classification - UCBs(12.08.2020)
1. Please refer to the Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015 containing consolidated instructions on income re.....
Tags : Asset classification, UCBs, Income Recognition
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CIC Stays Order on Disclosure of Information on Non-Performing Assets(08.07.2021)
Central Information Commission (CIC) has stayed the order of the First Appellate Authority (FAA) of the Reserve Bank of India (RBI) which had directed.....
Tags : Central Information Commission, Disclosure of Information on Non-Performing Assets
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SC Refuses to Entertain Plea Seeking Clarification on Declaration of Loan Accounts as NPA(09.07.2021)
Supreme Court has refused to entertain a plea seeking clarification and modification of its 23rd March 2021 judgement whereby it vacated the stay on d.....
Tags : Supreme Court, Declaration of Loan Accounts as Non-Performing Assets
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Delhi HC Directs Banks to Keep Status Quo on Asset Classification(09.04.2020)
Delhi High Court has said banks should maintain status quo on asset classification between 1st March, 2020 and 31st May, 2020, the period for which th.....
Tags : Delhi High Court, Status Quo on Asset Classification
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ITAT, Mumbai: Non-Disclosure of Foreign Asset in ITR Not Valid Reason for Imposition of Penalty(08.04.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai has observed that non disclosing of a foreign asset in the income tax return, by itself, is not a valid r.....
Tags : Income Tax Appellate Tribunal, foreign asset, income tax return, Black Money Act, assessee
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Karnataka HC Upholds Constitutional Legality of Proviso (v) to S.14(1) SARFAESI Act(14.04.2022)
Karnataka High Court has upheld the Constitutional legality of proviso (v) Section 14(1) of the Securitization and Reconstruction of Financial Assets .....
Tags : Karnataka High Court, Constitutional legality, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
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RBI Eases Stressed Asset Resolution Norms(11.11.2016)
Reserve Bank of India (RBI) has eased rules for various stressed asset resolution schemes and expanded scope of a loan recast plan previously limited .....
Tags : Reserve Bank of India , infrastructure sector, Stressed Asset Resolution
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SC in Disproportionate Assets Case: Acquiring Assets not Crime Unless Source Illegal(02.06.2016)
Supreme Court while hearing DA case has observed that acquiring assets "per se" is not a crime unless the sources are found to be illegal.
Tags : Supreme Court, Disproportionate Assets Case
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Supreme Court Rejects Karnataka Government's Review Plea in Jayalalithaa DA Case(06.04.2017)
SC has refused to review its verdict in Jayalalithaa disproportionate assets case and rejected Karnataka government's plea asking the court to re-exam.....
Tags : Supreme Court, Jayalalithaa disproportionate assets case, Karnataka government
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Supreme Court Asks Karnataka Government to Wait For One Week in Jayalalithaa DA Case(06.02.2017)
Supreme Court has asked Karnataka Government to wait for another week for judgment on appeals filed by State against acquittal of Former Tamil Nadu Ch.....
Tags : Supreme Court, Karnataka Government, Jayalalithaa, disproportionate assets
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CCI Permits Union Bank's 49% Stake Buy in Union KBC AMC(31.12.2015)
Central Information Commission (CIC)has approved Union Bank of India's proposed acquisition of 49 per cent stake in Union KBC Asset Management Company.....
Tags : Central Information Commission , Union KBC Asset Management Company
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Madras HC Directs TNSEC to Submit Assets Declarations of all Elected Councillors(01.12.2016)
Madras High Court has directed Tamil Nadu State Election Commission (TNSEC) to submit statements of declaration of assets made by all Elected Councill.....
Tags : Madras High Court, Tamil Nadu, Election Commission, Assets Declarations
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CBDT Notifies Exclusion of Non-Fungible Token as Virtual Digital Asset(04.07.2022)
Central Board of Direct Taxes (CBDT) has notified that the Non-fungible token (NFTs) shall not be treated as Virtual Digital Assets for the purpose of.....
Tags : CBDT, NFT, Virtual Digital Assets
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Hyderabad High Court Rejects Plea Seeking Declaration of Jayalalithaa's Assets as Public Properties(21.12.2016)
Hyderabad High Court has dismissed a plea filed by a city-based organisation seeking declaration of late J Jayalalithaa's assets located in Telangana .....
Tags : Hyderabad High Court, Jayalalithaa's assets
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Punjab and Haryana HC Refuses to Stay Langah's Conviction in DA Case(22.12.2016)
Punjab and Haryana High Court has refused to stay SAD senior leader Sucha Singh Langah's conviction in a disproportionate assets (DA) case.
Tags : Punjab and Haryana HC, Sucha Singh Langah, disproportionate assets
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Supreme Court Seeks Action Plan on Recovery of Bad Loans(21.11.2016)
Supreme Court has said that disclosure of names of debtors, who owe Rs 500 crore or more to banks, will not lead "anywhere" as the important issue is .....
Tags : Supreme Court, Non-Performing Assets, disclosure, debtors
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2012 Disproportionate Assets Case: Madras HC Sets Aside Discharge of Former CM Panneerselvam(30.10.2024)
The Madras High Court has set aside the order discharging former Tamil Nadu Chief Minister, O. Panneerselavm and permitting prosecution to withdraw th.....
Tags : Madras High Court, O. Panneerselavm, 2012 Disproportionate Assets Case
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SC: Outgoing Partner has Right to Seek Accounts & Shares in Profit Until Final Settlement Made(12.11.2024)
Supreme Court has held that if business is being carried on by a partner with the assets of the firm then, the outgoing partner will have a right to s.....
Tags : Supreme Court, Outgoing Partner, Assets
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Judges of Supreme Court Decide to Make their Asset Declaration Public(04.04.2025)
Supreme Court judges have agreed to make declaration of their assets publicly available as a step towards transparency and boosting public confidence .....
Tags : Supreme Court, Asset Declaration Public, Public Confidence
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SC Restores Disproportionate Assets Case against IAS Officer(24.10.2016)
Supreme Court has restored a disproportionate assets case against a UP-cadre IAS officer, K Dhanalakshmi, while setting aside an order of Delhi High .....
Tags : Supreme Court, IAS officer, Delhi High Court, Disproportionate Assets Case
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SC: No Loan to be termed NPA Till New Orders(04.09.2020)
Supreme Court has asked banks not to declare any loan account as non-performing asset (NPA) till it passed further orders on a bunch of Petitions ques.....
Tags : Supreme Court, Declaration of Non-Performing Assets
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ITAT: Depreciation allowable on Toll Collection Rights(15.06.2022)
Income Tax Appellate Tribunal (ITAT), Pune Bench has held that the depreciation under Section 32 of the Income Tax Act, 1961 is allowable on toll coll.....
Tags : ITAT, Toll Collection, Capital Asset
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CBDT Issues Guidelines on 1% TDS on Virtual Digital Assets from 1st July(23.06.2022)
Central Board of Direct Taxes (CBDT) has issued guidelines to levy one percent TDS on the virtual digital assets under Section 194S of the Income Tax .....
Tags : CBDT, Virtual Digital Assets, Income-Tax Act
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Mad HC Takes Suo Moto Revision Against Minister Ponmudi’s Acquittal in Disproportionate Assets Case(10.08.2023)
Madras High Court has Suo Moto taken up revision against the Trial Court verdict that acquitted Tamil Nadu Higher Education Minister K Ponmudi and his.....
Tags : Madras High Court, Suo Moto, Disproportionate Assets
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Ori. HC: In Maintenance Proceedings it is Mandatory to File Affidavit Disclosing Assets(14.02.2025)
Orissa High Court while directing fresh disposal of a maintenance case, has stated that it is mandatory to file affidavit disclosing assets while maki.....
Tags : Orissa High Court, Maintenance Proceedings, Disclosing Assets
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