15 April 2024

Search Results for Tag : cooperative

Judgments

Credit co-operative society providing credit etc. to its members cannot be treated as a ‘co-operative bank’ carrying on banking activities(27.11.2017)

The Assessee, in the present case, is a credit co-operative society who provided credit/loan facilities to its members and accepted deposits from them.....

Tags : Credit Cooperative Society; Cooperative Bank, Deduction

Married daughter continues to ‘belong to father’s family’(10.03.2016)

Deceased father can nominate property to married daughter under Rules 127 and 128 of the West Bengal Co-operative Societies Rules, 1987. The court acc.....

Tags : married daughter, cooperative society, nomination

Notifications & Circulars

Cabinet approves setting up of a national level multi-state cooperative organic society under Multi State Cooperative Societies (MSCS) Act, 2002(11.01.2023)

The Union Cabinet, chaired by the Hon'ble Prime Minister Shri Narendra Modi, has approved a historic decision of setting up and promoting a national l.....

Tags : Cooperative organic society, Approval, MSCS Act

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

Advance against pledge of gold ornaments and jewellery(15.10.2015)

Reserve Bank of India has extended its policy standardising the valuation of gold jewellery presented towards security or collateral to cooperative ba.....

Tags : Valuation, gold, ornaments, jewllery, cooperative bank

Internet Banking Facility for Customers of Cooperative Banks(05.11.2015)

The Reserve Bank of India has allowed State Cooperative Banks and District Central Cooperative Banks to provide Internet Banking facilities to their c.....

Tags : Internet banking, cooperative, guidelines

RBI to assist cooperative banks in uptake of Core Banking(13.04.2016)

To ensure implementation of Core Banking System in Urban Cooperative Banks, the Reserve Bank of India will dole out Rs. 4 lakh to each to cover initia.....

Tags : Cooperative banks, core banking

News

SC to Centre: Take Possession of Adarsh Cooperative Society(22.07.2016)

SC has permitted Centre to take possession of the Adarsh Cooperative Housing Society in Mumbai and told Maharashtra Government to initiate proceedings.....

Tags : SC, Adarsh Cooperative Housing Society

SC: SARFAESI Act Applicable to Cooperative Banks(06.05.2020)

Supreme Court has held that the co-operative banks under the State legislation and multi-State co-operative banks are 'banks' under Section 2(1)(c) of.....

Tags : Supreme Court, Cooperative Banks

NCLT, Bengaluru Dismisses Insolvency Petition Against Café Coffee Day(07.04.2022)

National Company Law Tribunal, Bengaluru has dismissed the insolvency petition filed against the parent company of Cafe Coffee Day namely Coffee Day G.....

Tags : National Company Law Tribunal, parent company, Cafe Coffee Day, Coffee Day Global Limited, Cooperative Rabobank U.A

Delhi HC Issues Notice in Plea Seeking Direction to PMC Bank to Allow Withdrawals(21.07.2020)

Delhi High Court has issued notice in a plea seeking a direction to be issued to the Punjab & Maharashtra Cooperative Bank to allow its depositors to .....

Tags : Delhi High Court, Punjab & Maharashtra Cooperative Bank

CESTAT: No Service Tax on Rajasthan CDF for Collection of Service Charges from Milk Unions(24.05.2022)

Custom, Excise & Service Tax Appellate Tribunal (CESTAT), Delhi Bench has held that no service tax is payable on the service charges collected by the .....

Tags : CESTAT, Service Tax, Rajasthan Cooperative Dairy Federation

RBI Bans Investments in ‘Non-cooperative Countries’(27.01.2017)

Reserve Bank of India (RBI) has prohibited Indian entities from making direct investments in any entity located in 'non co-operative countries and ter.....

Tags : Reserve Bank of India, Non-cooperative Countries, investments

Bombay HC: Decision to Redevelop Property is Collective Decision of Society’s Majority Members(26.12.2016)

Bombay High Court has said that decision to redevelop a property is collective decision of majority members of cooperative housing society and dissent.....

Tags : Bombay HC, cooperative housing society, redevelop

Bombay HC Directs RBI to Issue Payment of Salaries of Aided School Teachers(06.12.2016)

Bombay High Court has asked RBI to consider issue of payment of salaries to aided school teachers since it is disbursed through District Cooperative B.....

Tags : Bombay HC, District Cooperative Banks, salaries

Hyderabad HC Questions Centre’s Policy over Role of Cooperative Banks in Demonetization Drive(30.11.2016)

Hyderabad High Court has questioned Centre as to why it was not taking into confidence Cooperative Banks in its fight against black money.

Tags : Hyderabad HC, Cooperative Banks , Demonetization

Bombay HC: Goa State Cooperative Bank Ltd. is Not a 'State' Under Article 12(08.03.2021)

Bombay High Court has held that the Goa State Cooperative Bank Ltd. is not a 'State' nor does it fall within the ambit of 'any other authority' for th.....

Tags : Bombay High Court, Goa State Cooperative Bank Ltd.

Supreme Court Slaps Rs. 5 lakhs Exemplary Cost on HSCLCFL for Abusing Judicial Process(05.05.2017)

Supreme Court has ordered Haryana State Cooperative Labour and Construction Federation Ltd. (HSCLCFL) to pay exemplary costs of Rs. 5 lakhs for “abuse.....

Tags : Supreme Court, Haryana State Cooperative Labour and Construction Federation Ltd

Kerala HC Issues Conditional Stay of Memo Issued to Kerala Judicial Officers' Cooperative Society(10.05.2021)

Kerala High Court has issued a conditional stay of the stop memo issued by the Kochi Corporation to the Kerala Judicial Officers' Cooperative Society .....

Tags : Kerala High Court, Kerala Judicial Officers' Cooperative Society

Kerala High Court Upholds Ordinances Merging District Cooperative Banks(29.04.2021)

Kerala High Court has upheld Ordinances amending the Kerala Cooperative Society Act, 1969 to merge District Cooperative Banks in the state with the Ke.....

Tags : Kerala High Court, Ordinances Merging District Cooperative Banks

HP HC Upholds Guidelines by NABARD Regarding Appointment of Auditors for Cooperative Banks(26.06.2023)

Himachal Pradesh High Court has upheld guidelines issued by NABARD regarding the appointment of statutory auditors for Cooperative Banks and observed .....

Tags : Himachal Pradesh High Court, Guidelines, NABARD, Cooperative Banks

RBI Permits Cooperative Banks to Offer Internet Banking Services(06.11.2015)

RBI has allowed all cooperative banks to offer Internet banking services to their customers and said that any Urban Cooperative Bank, State Cooperativ.....

Tags : RBI , Cooperative Banks , Internet Banking Services

SC: Non Banking Cooperative Society Providing Credit to Members Eligible for Section 80P Deduction(15.09.2023)

Supreme Court has held that a co-operative society that is not a co-operative bank under Section 56 of Banking Regulation Act, 1949, then such society.....

Tags : Supreme Court, Cooperative Society, Banking, Deduction

SC to Gujarat Govt.: Make Functional Cooperative Tribunal(05.01.2016)

SC has directed Gujarat Govt. to make functional Gujarat State Cooperative Tribunal by filling up the vacant posts including that of judicial members......

Tags : SC, Gujarat State Cooperative Tribunal

Madhya Pradesh High Court Stays RBI Circular on Urban Cooperative Banks(06.09.2021)

Madhya Pradesh High Court has stayed a circular issued by the Reserve Bank of India (RBI) on June 25 which laid down several conditions related to Urb.....

Tags : Madhya Pradesh High Court, RBI Circular on Urban Cooperative Banks

RBI Issues Norms to Shore Up Governance Standards at Urban Cooperative Banks(02.01.2020)

Reserve Bank of India has released the final guidelines for setting up a board of management for such banks. According to the guidelines, UCBs, with d.....

Tags : RBI, Urban Cooperative Banks

#Union Budget 2022-2023: Union Budget Reduces Alternate Minimum Tax for Cooperative Societies(01.02.2022)

Union Budget reduces alternate minimum tax for Cooperative societies to 15% . Surcharge has also been reduced to 7% for those cooperative having incom.....

Tags : Union Budget, Reduction in Alternate Minimum Tax for Cooperative Societies

SC to Adarsh Society: Can You Pay for Upkeeping(30.08.2016)

SC has asked Adarsh Cooperative Housing Society to consider bearing maintenance expenses of the 28-storey scam-tainted building.

Tags : SC , Adarsh Cooperative Housing Society

Bombay HC Pulls Up CBI for ‘Not Applying Mind’ while Filing Report(02.09.2016)

Bombay HC has pulled up Central Bureau of Investigation (CBI) for non-application of mind while filing a report with regard to a criminal application,.....

Tags : Bombay HC, CBI, Adarsh Cooperative Housing Society scam

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