29 April 2024

Search Results for Tag : financial

International Cases

Government intervention okay in dire economic circumstances: ECJ(22.06.2016)

Tags : ecj, ireland, financial crash, 2008, bailout

Court has power to extend time where statutory pre-requisites are met but power must be exercised having regard to interests of all parties affected(16.03.2020)

The Plaintiffs seek relief under Section 1322(4)(d) of the Corporations Act, 2001 from compliance with financial reporting and lodgement obligations .....

Tags : Financial reporting, Time, Extension

Court can make an order under Section 1322(4)(a) of the Corporations Act relieving a person from civil liability provided the person concerned acted honestly(28.01.2022)

The Plaintiff, by way of originating process seeks relief under Section 1322(4)(a) of the Corporations Act, 2001 from compliance with its financial re.....

Tags : Financial reporting, Obligations, Reliefs

Court can relieve a person from civil liability provided that the person concerned acted honestly(28.01.2022)

The Plaintiff has sought the relief under Section 1322(4)(a) of the Corporations Act, 2001 from compliance with its financial reporting and lodgment o.....

Tags : Compliance with Financial reporting, Civil liability

It is necessary to establish true nature of investments complained about before any final conclusions are reached, including questions related to compensation(30.04.2021)

The central issue in present matter is whether the Ombud for Financial Services (the Ombud), established in terms of Section 20 of the Financial Advis.....

Tags : Ombud, Financial Services, Compensation

Top Story

Actually, I’m an actuary(25.07.2016)

Maybe a comparison with weather forecasters is unfair to actuaries. After all, meteorologists have algorithms, supercomputers to further their voodoo .....

Tags : actuary, insurance, risk assessment, financial disclosure

Financial settlements between spouses reopened for non-disclosure of assets(14.10.2015)

The United Kingdom Supreme Court considered the effects of material non-disclosure at financial settlement between husband and wife on divorce in

Tags : Divorce, settlement, non-disclosure, financial, order

SIDBI and CSC signs MOU for providing easy credit to village level entrepreneurs(24.05.2018)

Small Industries Development Bank of India (SIDBI) signs Memorandum of Understanding (MoU) with Common Service Centres (CSC) aiming to ensure easy cre.....

Tags : MOU, Financial Support, Rural area

RBI set to issue guidelines on Regulatory Sandbox(25.03.2019)

Reserve Bank will set up a regulatory sandbox, for which guidelines will be issued in the next two months. In the year, the Reserve Bank’s working gro.....

Tags : Regulatory Sandbox, Financial Technology, Guidelines

RBI announces National Strategy for Financial Education 2020-2025(20.08.2020)

In order to strengthen financial inclusion in the Country, RBI announces National Strategy for Financial Education 2020-2025 (NSFE). Financial litera.....

Tags : Financial inclusion, NSFE, Announcement

Parliament passes ‘National Bank for Financing Infrastructure and Development Bill, 2021’(23.03.2021)

Parliament passes “National Bank for Financing Infrastructure and Development Bill, 2021” (NBFID Bill) to establish a National Bank for Financing Infr.....

Tags : National bank, Financial Infrastructure, Bill

Judgments

Contradictory ‘dominance’ reports for the same market bewilder CCI(09.02.2016)

The Competition Commission of India dismissed a complaint by Mega Cab, a popular app-cab operator, for investigation into the creation of barriers to .....

Tags : Radio taxi, relevant market, financial backing, exlclusivity

Legitimate expectation is not a wish or a desire or a hope, it cannot be claimed or demanded as a right(30.01.2019)

The present appeal is directed against an order passed by the High Court whereby the Writ Petition was allowed directing the Appellant to provide fina.....

Tags : Financial assistance, Direction, Validity

In case of default, Financial creditor either by itself or jointly with other financial creditor could file application for initiating CIRP against Corporate Debtor(07.11.2017)

The 'Financial Creditor'-Central Bank of India has filed the instant application under Section 7 of the Insolvency and Bankruptcy Code, 2016 ('the Cod.....

Tags : Financial debt, CIRP, Appointment

Collusive or sham transactions with a corporate debtor will not amount to "financial debt" within the meaning of the Insolvency and Bankruptcy Code 2016(IBC)(01.02.2021)

CIRP has been initiated against the Corporate Debtor on an application filed by an Operational Creditor under section 9 of Insolvency and Bankruptcy C.....

Tags : Financial Debt, Collusive or sham transactions

Offence under Section 138 of Negotiable Instruments Act will get attracted, if the debt is legally enforceable(20.06.2022)

The revision Petitioner is the accused on the file of the Judicial Magistrate, in a private complaint initiated under Section 138 of Negotiable Instru.....

Tags : Financial capacity, Debt, Proof

Mere fact that majority debenture holders have not initiated any application under Section 7 of IBC, shall not preclude financial creditor to initiate the same(01.02.2023)

Present Appeal has been filed against the Order by which order, the Adjudicating Authority has admitted Section 7 Application filed by the Financial C.....

Tags : Financial creditor, Application, Allowability

In order to qualify the debt to be a 'financial debt', it is necessary that the amount advanced to the Corporate Debtor is against the time value of money(22.03.2023)

The instant Appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) has been preferred by the Appellant being aggrieved and dissatis.....

Tags : Resolution Process, Initiation, Financial Debt

NCLT has discretion to admit an application under Section 7 of IBC on existence of a financial debt, unless there are good reasons to reject it(11.05.2023)

The Respondent-Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) before the National Company Law Tribunal. T.....

Tags : Financial debt, Application, Discretion

For the amount to be construed as a 'Financial Debt', there should be a direct disbursal of the amount owed(01.06.2023)

Present Appeal under Section 61 of the 'Insolvency and Bankruptcy Code, 2016' (IBC) is against Impugned Order, where by the Adjudicating Authority, ha.....

Tags : CIRP, Initiation, Financial debt

Amounts covered by security deposits under the agreements constitute financial debt(25.04.2024)

Present appeals take exception to judgments and orders passed by the National Company Law Appellate Tribunal (NCLAT). The issue involved is whether th.....

Tags : Financial creditor, Provision, Applicability

State financial corporation's rights impeded by right of workers to wages in insolvency(07.08.2015)

The right of a state financial corporation under Section 29 of the State Financial Corporations Act, 1959 is subject to rights of workers of the compa.....

Tags : state financial corporation, liquidation, rights

State cannot excuse itself of unemployment allowance under NREGA(21.01.2016)

The economic capacity of the State government cannot be a factor to deny unemployment allowance to job seekers who applied under the national rural em.....

Tags : nrega, unemployment allowance, financial incapacity

Unless there is fraud of beneficiary or irretrievable harm or injury, Courts are not to interfere with encashment of Bank Guarantees(02.09.2016)

Appellant No. 1 a Joint Venture Company formed for specific purpose of constituting, commissioning and operating Kochi-Coimbatore-Erode-Salem LPG Pipe.....

Tags : Bank guarantee, Encashment, Delay, Financial Closure

News

Bombay HC Admits Plea filed by Tata Capital Financial Services for Recovering Dues(17.08.2016)

Bombay HC has admitted winding-up petition filed by Tata Capital Financial Services to recover dues worth about Rs 29 crore from 3i Infotech.

Tags : Bombay HC , Tata Capital Financial Services

Karnataka HC Issues Notice on PIL for Financial Protection to Media Persons(11.05.2020)

Karnataka High Court has issued notice to the State government on a Public interest litigation seeking directions to the State and media houses to pro.....

Tags : Karnataka High Court, Financial Protection to Media Persons

SC Dismisses Plea for Constituting "Special Purpose Fund" to Financially Assist NRIs(11.05.2020)

Supreme Court has dismissed a Petition seeking for the constitution of a "Special Purpose Fund" for Non-Resident Indians and emigrant workers who are .....

Tags : Supreme Court, Special Purpose Fund, Financial Assistance to NRIs

Karnataka HC Issues Notice on Plea of Advocate's Clerks Association Seeking Financial Aid(12.05.2020)

Karnataka High Court has issued notice to the State Government and Karnataka State Bar Council seeking their reply to a Petition filed by the Karntaka.....

Tags : Karnataka High Court, Advocate's Clerks, Financial Aid

ITAT, Delhi: AO Cannot Apply Wrong Method to Determine Profit in Absence of Audited Financials(06.05.2022)

Income Tax Appellate Tribunal, Delhi has ruled that the Assessing Officer cannot give benefit to the assessee for non-cooperation in providing audited.....

Tags : Income Tax Appellate Tribunal, Assessing Officer, audited financials

Calcutta HC: Order U/S 36 of A&C Act is Interim Order, Can be Modified on Basis of Financial Hardship(10.05.2022)

Calcutta High Court has held that financial hardship and financial indebtedness are sufficient grounds to modify an order passed under Section 36 of t.....

Tags : Calcutta High Court, Arbitration and Conciliation Act, 1996, Section 36, financial hardship, financial indebtedness

Allahabad HC Takes Suo Moto Case on Assistance to Needy Advocates and Clerks Amid Lockdown(13.04.2020)

Allahabad High Court has taken suo moto cognizance of the issue of financially weak Advocates and registered Advocate Clerks, who are now on the verge.....

Tags : Allahabad High Court, Allahabad High Court has taken suo moto cognizance of the issue of financially weak Advocates and registered Advocate Clerks, who are now on the verge of starvation due to loss of Court work in face of the lockdown.

Calcutta HC Issues Notice on Plea for Scheme for Granting Financial Assistance to Lawyers(20.04.2020)

Calcutta High Court has issued notice on a plea to frame a scheme for granting financial assistance to lawyers who may require such assistance in view.....

Tags : Calcutta High Court, Financial Assistance to Lawyers

NCLT, Kolkata: IRP Against Legal Heirs of Personal Guarantor by Financial Creditor Not Permissible(11.04.2022)

National Company Law Tribunal, Kolkata has held that the application is not maintainable against legal heirs of the Personal Guarantor under the Insol.....

Tags : National Company Law Tribunal, Financial Creditor, Personal Guarantor, Bank of Baroda

Delhi HC: Scholarship by Hamdard Foundation Eligible for Exemption Under Income Tax Act(12.04.2022)

Delhi High Court has upheld the factual findings that the merit-cum scholarship/financial assistance provided by Hamdard National Foundation was not c.....

Tags : Delhi High Court, factual findings, merit-cum scholarship, financial assistance, Hamdard National Foundation, Section 11 of Income Tax Act, 1961

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

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

Manipur HC Directs State Bar Council to Release Funds for Lawyers Financial Assistance(19.05.2020)

Manipur High Court has directed the Bar Council of Manipur to release a sum of Rs. 2,08,932/- for purposes of extending financial assistance to advoca.....

Tags : Manipur High Court, Funds for Lawyers Financial Assistance

Rajasthan HC Dismisses Plea for Financial Assistance to Needy Lawyers(22.04.2020)

Rajasthan High Court has dismissed a plea for financial assistance to lawyers in need, holding that the grant of funds/ financial assistance to a cert.....

Tags : Rajasthan High Court, Financial Assistance to Needy Lawyers

Allahabad HC Constitutes Committee for Providing Financial Assistance to Needy Advocates(22.04.2020)

Allahabad High Court has constituted a Monitoring Committee consisting of various office bearers of the High Court Bar Association to oversee the disb.....

Tags : Allahabad High Court, Financial Assistance to Needy Advocates

Jharkhand HC Seeks Response on Steps Taken by State Govt. & Bar Councils to Aid Legal Fraternity(23.04.2020)

Jharkhand High Court has taken up the common cause pertaining to the grant of financial aid to Advocates and Advocate Clerks across Courts in light of.....

Tags : Jharkhand High Court, Financial Aid to Lawyers

SC Refuses Plea for Financial Aid for Lawyers During Lockdown(30.04.2020)

Supreme Court has refused to entertain a plea seeking directions to the Bar Council of India (BCI) to create financial emergency funds for practicing .....

Tags : Supreme Court, Financial Aid to Lawyers

Madras HC: ‘Is Tamil Nadu Facing Financial Emergency?’(11.11.2016)

Madras High Court has questioned Tamil Nadu Government for failing to allocate adequate funds for Judiciary and has asked ‘Whether State was facing a .....

Tags : Madras High Court, Financial Emergency

Delhi HC Asks Centre on Incorporating Provisions in Statute for Judgment Debtor’s Financial Capacity(07.08.2020)

Delhi High Court has asked the Central Government to take into consideration, stating that the mandatory filing of the affidavit of assets, income, ex.....

Tags : Delhi High Court, Judgment Debtor’s Financial Capacity

Delhi HC Directs Government to Resolve Financial Difficulties of Civic Bodies(19.08.2020)

Delhi High Court has directed officials of the Central and State Governments, and representatives of the municipal corporations to meet and resolve th.....

Tags : Delhi High Court, Financial Difficulties of Civic Bodies

Madras HC: Succeeding Govt Can Continue Policy Decision of Previous Govt(23.05.2022)

Madras High Court has held that if a decision taken by an erstwhile Government is good to the public and the society at large, the successive Governme.....

Tags : Madras High Court, Policy Decisions, Financial Support

Delhi HC Grants Bail to Former Religare CFO in RFL Scam Case(11.05.2022)

Delhi High Court has granted bail to Krishnan Subramanian, former chief financial officer of Religare Enterprises Limited, with regard to the Fortis R.....

Tags : Delhi High Court, Krishnan Subramanian, chief financial officer, Religare Enterprises Limited, Fortis Religare

SC: NBFCs Cannot be Regulated by State Enactments(11.05.2022)

Supreme Court has ruled that state laws cannot govern Reserve Bank of India-regulated non-banking financial companies (NBFCs). The top court stated th.....

Tags : Supreme Court, Non-banking financial companies, Reserve Bank of India

SC Takes Suo Moto Cognizance of Financial Difficulties of Advocates Amid COVID-19(22.07.2020)

Supreme Court has taken suo moto cognizance of the financial difficulties being faced by lawyers due to the COVID-19 pandemic.

Tags : Supreme Court, Financial Difficulties of Advocates

Financial Service Providers Outside Purview of Insolvency and Bankruptcy Code: NCLAT(24.10.2018)

National Company Law Appellate Tribunal has held that financial service providers such as non-banking financial companies are outside the purview of t.....

Tags : NCLAT, Financial Service Providers, Insolvency and Bankruptcy Code

Financial Service Providers Outside Purview of Insolvency and Bankruptcy Code: NCLAT(24.10.2018)

National Company Law Appellate Tribunal has held that financial service providers such as non-banking financial companies are outside the purview of t.....

Tags : NCLAT, Financial Service Providers, Insolvency and Bankruptcy Code

CBDT Exempts TDS on Lease Rentals Paid to Air Craft Leasing Units Located in IFSC(20.06.2022)

Central Board of Direct Taxes (CBDT) has provided relaxation from TDS under section 194I of the Income Tax Act, 1961 in respect of lease rentals paid .....

Tags : Central Board of Direct Taxes, TDS, International Financial Services Center

MCA Notifies Penalty for Non-Compliance With NFRA Rules(22.06.2022)

Ministry of Corporate Affairs (MCA) has notified that the non-compliance with the National Financial Reporting Authority Rules (NFRA), 2018 would attr.....

Tags : Ministry of Corporate Affairs, National Financial Reporting Authority Rules, Penalty

NFRA: Chartered Accountant Penalized with One Lakh Rupees Fine for Professional Misconduct(24.06.2022)

National Financial Reporting Authority (NFRA) has penalized chartered accountant with a fine of one lakh rupees for professional misconduct and debarr.....

Tags : National Financial Reporting Authority, Professional Misconduct, Chartered Accountant

RBI Permits 100% FDI in Regulated Financial Services(21.10.2016)

Reserve Bank of India (RBI) has permitted 100 % foreign direct investment in 'Other Financial Services' carried out by NBFCs, a move which will help a.....

Tags : Reserve Bank of India, 100% FDI , Regulated Financial Services

Karnataka HC Issues Notice on Plea Challenging Conditions in Financial Aid Scheme(23.09.2020)

Karnataka High Court has issued notice on a public interest litigation challenging the scheme framed by Karnataka State Bar Council for distribution o.....

Tags : Karnataka High Court, Financial Aid Scheme

Rajasthan HC: Police to Charge Married Couple for Police Protection if it Has Adequate Income(27.06.2022)

Rajasthan High Court has held that if the petitioner's income is more than taxable income under the Income Tax Act, Superintendent of Police after con.....

Tags : Rajasthan High Court, Taxable Income, Financial Charge

Bombay HC Adjourns FTIL-NSEL Merger Case till December 20(14.12.2016)

Bombay High Court has adjourned Financial Technologies of India Ltd’s (FTIL) plea against a Ministry of Corporate Affairs (MCA) order which proposed t.....

Tags : Bombay High Court, National Spot Exchange Ltd, Financial Technologies of India Ltd’s

Allahabad HC: Private Financial Institutions Performing Public Duties Not ‘State’(02.12.2020)

Allahabad High Court has reiterated that private financial institutions, carrying business or commercial activity, may be performing public duties, bu.....

Tags : Allahabad High Court, Private Financial Institutions

Punjab and Haryana HC Slams UGC over Financial Crisis at Panjab University(05.12.2016)

Punjab and Haryana High Court has pulled up University Grants Commission (UGC) after noticing that it was trying to pass buck to Ministry of Human Res.....

Tags : Punjab and Haryana High Court, UGC, Panjab University, financial crunch

ITAT: Co-Operative Society Providing Financial Help Without RBI License is Eligible for Exemption(08.07.2022)

Income Tax Appellate Tribunal (ITAT), Chennai Bench has held that the cooperative society providing financial accommodation to members without Reserve.....

Tags : ITAT, Co-Operative Society, RBI License, Financial Accommodation

Orissa HC Directs Commissioner of Endowments to Extend Financial Assistance to Sevayats(30.10.2020)

Orissa High Court has directed the Commissioner of Endowments to consider and dispose of the representation of Sevayats and other similarly situated S.....

Tags : Orissa High Court, Financial Assistance to Sevayats

Chhattisgarh HC: Economic Offences Are Serious Threat to Financial Health of Country(26.07.2022)

Chhattisgarh High Court while denying a bail application from applicant, who allegedly obtained fraudulent input tax credit, has held that the economi.....

Tags : Chhattisgarh High Court, Economic Offences, Financial Health

SC: Entries in Balance Sheet of Corporate Debtor Can be Treated as Acknowledgment of Liability(02.08.2022)

Supreme Court has held that the entries in Books of Account/Balance sheet of a company can be treated as acknowledgement of liability in respect of de.....

Tags : Supreme Court, Balance Sheet, Liability, Financial Creditors

Bombay HC Refuses Interim Relief to Reliance Power Against Edelweiss(14.02.2019)

Bombay High Court has declined interim relief to Anil Ambani Group's promoter entities, which had moved a petition asking the court to restrain Edelwe.....

Tags : Bombay High Court, Reliance Power, Edelweiss Financial Services

Supreme Court Bars Lenders from Making Claims in Arbitration Tribunals(25.01.2021)

Supreme Court has barred banks and financial institutions from making a claim in an arbitration tribunal to recover their money stating that holding t.....

Tags : Supreme Court, Claims of Banks and Financial Institutions

Kerala HC Initiates Suo Motu PIL to Include 'Congenital Adrenal Hyperplasia' as Rare Disease(28.09.2022)

Kerala High Court has initiated a suo motu petition to include 'Congenital Adrenal Hyperplasia' in the group of rare diseases and to grant financial a.....

Tags : Kerala High Court, Rare Disease, Financial Aid

Delhi HC: Municipal Corporation Cannot Shirk Off Responsibility by Citing Financial Constraints(05.09.2022)

Delhi High Court has held that a Municipal Corporation constituted for the purpose of providing basic public goods amenities cannot shirk off its resp.....

Tags : Delhi High Court, Municipal Corporation, Financial Constraints

Delhi HC: SARFAESI Act Can’t be Invoked for Arbitration When Financial Institution is Borrower(08.11.2022)

Delhi High Court has held that Section 11 of SARFAESI Act provides for remedy by arbitration only in cases of inter se dispute between the financial i.....

Tags : Delhi High Court, SARFAESI, Financial Institution

NCLT: Indemnity of Obligations Under an Agreement Is Not 'Financial Debt' Under IBC(14.10.2022)

National Company Law Tribunal, Mumbai while adjudicating an application has observed that indemnity of the obligations under the Agreement is not a 'f.....

Tags : National Company Law Tribunal, financial debt, indemnity, Agreement

NCLT, Cuttack: Related Party of Financial Creditor Not Barred U/S 29A To Submit A Resolution Plan(21.10.2022)

National Company Law Tribunal, Cuttack has observed that the Insolvency and bankruptcy Code does not bar a related party of the Financial Creditor fro.....

Tags : National Company Law Tribunal, Financial, Creditor

INSOLVENCY - NCLT Approves RIL-JM Financial ARC's Rs. 5000 cr Bid for Alok Industries(11.03.2019)

National Company Law Tribunal (NCLT) Ahmedabad has approved joint bid by Reliance Industries Ltd-JM Financial Asset Reconstruction Co. Ltd. for insolv.....

Tags : NCLT, Alok Industries, Reliance Industries Ltd-JM Financial Asset Reconstruction Co. Ltd.

Govt: Aadhaar Mandatory For Availing Benefits Under Atal Pension Yojana(17.05.2017)

Ministry of Financial Services, Government of India has mandated use of Aadhaar Card for availing benefit of Atal Pension Yojana.

Tags : Ministry of Financial Services, Atal Pension Yojana

SC Directs to Provide Information About Financial Stability of Families of Children Restored to Paren(01.02.2021)

Supreme Court has directed the State Governments/Union Territories to provide information in 2 weeks about the financial stability of the families of .....

Tags : Supreme Court, Financial Stability of Families

SC: Financial Creditor Can be Excluded from CoC if it Got Rid of 'Related Party' Label(02.02.2021)

Supreme Court has held that a financial creditor which is not a "related party" to the corporate debtor at present can also be excluded from the Commi.....

Tags : Supreme Court, Financial Creditor

CBDT: Now File Statement of Financial Transaction at Tin Facilitating Centers(02.06.2017)

Central Board of Direct Taxes (CBDT) has enabled filing of Statement of Financial Transaction (SFT) at Tin Facilitating Centers (TIN-FC).

Tags : Central Board of Direct Taxes, Statement of Financial Transaction, Tin Facilitating Centers

Govt Extends Due Date for Filing Statement of Financial Transaction to June 30(01.06.2017)

Central Government has extended last date for filing Statement of Financial Transaction (SFT) Returns to 30th June 2017.

Tags : Central Board of Direct Taxes, Financial Transaction

Gujarat HC: Courts Can't Sit in Chair of Financial Experts U/Art 226(04.01.2023)

Gujarat High Court has held that writ courts exercising jurisdiction under Article 226 of the Constitution cannot sit in the armchair of financial exp.....

Tags : Gujarat High Court, Financial Experts, Writ Courts

Supreme Court: Financial Creditor Status Meant to Protect Homebuyers' Interest(25.07.2019)

Supreme Court has observed that amendment in the Insolvency and Bankruptcy Code to give status of financial creditor to homebuyers is meant to protect.....

Tags : Supreme Court, Financial Creditor

MCA Allows Board of Directors to Approve Financial Statements, Board’s Report via Video Conferencing(16.06.2021)

Ministry of Corporate Affairs (MCA) has scrapped the Rule restraining the presentation of approval of the annual financial statements, approval of the.....

Tags : Ministry of Corporate Affairs, Approve Financial Statements, Board’s Report via Video Conferencing

Uttarakhand HC to State: Fix State of Schools or Declare Financial Emergency(03.07.2017)

Uttarakhand High Court has said financial emergency could be imposed in state if the administration cannot provide even basic amenities to children in.....

Tags : Uttarakhand HC, Financial Emergency

Jammu & Kashmir HC Issues Directions for Vaccination of Lawyers; Financial Assistance(07.05.2021)

Jammu and Kashmir High Court has directed the Union Territory administration to ensure that lawyers in the age group of above 45 years are vaccinated .....

Tags : Jammu and Kashmir High Court, Vaccination of Lawyers; Financial Assistance

Delhi HC Orders BRO to Release Financial Assistance to Family Members of Missing Officer(07.06.2021)

Delhi High Court has ordered Border Roads Organisation (BRO) to pay one year's emoluments of the officer to the parents, who has been missing since 20.....

Tags : Delhi High Court, Financial Assistance to Family Members of Missing Officer

Staff Entitled to Know About Financial Status of Company: CIC(26.04.2019)

Central Information Commission has held that an employee is entitled to know under Right to Information Act, 2005 about the financial status of the em.....

Tags : Central Information Commission, Staff Entitled to Know About Financial Status of Company

Chhattisgarh HC Issues Notice on Application Seeking Financial Assistance for Infected Lawyers(25.06.2021)

Chhattisgarh High Court has issued notice to the State Bar Council, Chhattisgarh on an application moved by the District Bar Association, Bilaspur see.....

Tags : Chhattisgarh High Court, Financial Assistance for Infected Lawyers

Madras HC Gives 3 Months Time to CLB to Complete Hearing in FTIL Case(15.12.2015)

Madras High Court has given three more months time for Company Law Board (CLB) to complete hearing in matter on supersession of Board of Financial Tec.....

Tags : Madras High Court, Financial Technologies (India) Ltd

RBI to Banks: Allow Mobile Banking Registration at ATMs(18.12.2015)

Reserve Bank of India (RBI) has asked all National Financial Switch (NFS) member banks to make changes in ATM switches by March 2016 to help customers.....

Tags : Reserve Bank of India, National Financial Switch

Supreme Court Upholds Homebuyers' Status of Financial Creditors(09.08.2019)

Supreme Court has upheld the Government's decision to grant homebuyers the status of financial creditors, thereby enabling them to claim their dues wh.....

Tags : Supreme Court, Financial Creditors

SEBI Levies Fine on Karvy Financial Service Ltd. for Delay in Announcing Acquiring of Shares(30.07.2021)

Securities and Exchange Board of India has levied a fine of Rs 10 lakh on Karvy Financial Services Ltd for delay in making public announcement to acqu.....

Tags : Securities and Exchange Board of India, Karvy Financial Services Ltd

SC: Certificate of Recovery in Favour of Financial Creditor Gives Fresh Cause to Initiate CIRP(05.08.2021)

Supreme Court has observed that a judgment and/or decree for money in favour of the Financial Creditor, or the issuance of a Certificate of Recovery i.....

Tags : Supreme Court, Certificate of Recovery in Favour of Financial Creditor

Kerala High Court Pulls Up Trial Court for Not Posting Total 4U Financial Fraud Case Promptly(23.12.2015)

Kerala High Court has observed that there was mistake on part of the trial court in not posting Total 4U financial fraud case promptly and directed Th.....

Tags : Kerala High Court , Total 4U Financial Fraud Case

SC: Disturbing to See Trend of Projecting Civil Financial Disputes as Criminal Matters(06.07.2023)

Supreme Court has observed that despite judgments of Apex Court in the case of Priyanka Srivastava vs. State of U.P (MANU/SC/0344/2015) & Vijay Kumar .....

Tags : Supreme Court, Civil Financial Disputes, Criminal Matters, Trend

RBI Notifies P2P Lending Platforms as NBFCs(21.09.2017)

Reserve Bank of India has notified that Peer-to-Peer (P2P) lending platforms will fall under the ambit of a Non-Banking Financial Company (NBFC).

Tags : Reserve Bank of India, Non-Banking Financial Company

NCLAT:Financial Creditor Cannot Question Insolvency Proceedings Started by Another Financial Creditor(26.08.2019)

National Company Law Appellate Tribunal (NCLAT) while rejecting an appeal filed by L & T Infrastructure Finance Company Ltd ruled that a Financial Cre.....

Tags : NCLAT, Financial Creditor

NCLAT: Pendency of Suit Against Financial Creditor No Bar for Starting Proceedings under Sec 7 IBC(14.10.2019)

National Company Law Appellate Tribunal has ruled that pendency of a suit filed by the corporate debtor against a financial creditor cannot restrain i.....

Tags : NCLAT, Financial Creditor

SC Asks Wife to Seek Financial Assistance for Husband’s Surgery Under National Policy(17.08.2021)

Supreme Court has asked a wife seeking financial assistance for her husband's lung transplant to make a representation under the National Policy formu.....

Tags : Supreme Court, Financial Assistance for Husband’s Surgery

RBI Allows IFSCs Bank Branches to Open Foreign Currency Current Accounts(08.01.2016)

Reserve Bank of India (RBI) has permitted bank branches at International Financial Services Centres (IFSCs) to open foreign currency current accounts .....

Tags : Reserve Bank of India , International Financial Services Centres

Rajya Sabha Passes International Financial Services Centres Authority Bill, 2019(13.12.2019)

Rajya Sabha has passed the International Financial Services Centres Authority Bill, 2019 by a voice vote thereby paving the way for setting up a unifi.....

Tags : Rajya Sabha, International Financial Services Centres Authority Bill, 2019

SC: Power of Attorney Holder of Financial Creditor Who Had Been Given Authorisation(01.10.2021)

Supreme Court has observed that the power of attorney holder of a financial creditor who has been given authorisation can file an application under Se.....

Tags : Supreme Court, Power of Attorney Holder of Financial Creditor

Orissa HC: Can't Direct State To Extend Financial Assistance To Workers Associated With Durga Puja(04.10.2021)

Orissa High Court observed that it can't direct the State Government to separately extend financial relief to workers associated with the Durga Puja f.....

Tags : Orissa High Court. Financial Assistance, Durga Puja

RBI Cancels License of 56 NBFCs(07.12.2015)

Reserve Bank of India (RBI) has cancelled a bulk of Non-Banking Financial Companies (NBFCs) Licence, for either violating regulatory norms or surrende.....

Tags : Reserve Bank of India , Non-Banking Financial Companies

SC Quashes NCLAT Order which held that Dissenting Financial Creditor should not be Discriminated(11.11.2019)

Supreme Court has quashed an order passed by the National Company Law Appellate Tribunal which ruled that a dissenting financial creditor cannot be di.....

Tags : SC, Financial Creditor

Del. HC: Causing Financial Instability to Wife Comes Within the Ambit of Mental Cruelty(07.09.2023)

Delhi High Court while observing that the term “mental cruelty” is wide enough to take within its ambit the “financial instability”, has observed that.....

Tags : Delhi High Court, Financial Instability, Mental Cruelty

Supreme Court: Chief Judicial Magistrates Competent to Deal With Applications U/s 14 SARFAESI Act(24.09.2019)

In an important ruling, SC has held that a Chief Judicial Magistrate is equally competent to deal with the application moved by the secured creditor u.....

Tags : Supreme Court, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, Chief Judicial Magistrate

Calcutta HC Seeks Response in Plea Seeking Adequate Ration and Financial Assistance for Sex Workers(02.09.2021)

Calcutta High Court has issued notice on a Public Interest Litigation (PIL) highlighting the plight of sex workers in West Bengal who have been left i.....

Tags : Calcutta High Court, Adequate Ration and Financial Assistance for Sex Workers

SC Quashes Madras HC Order Allowing Partial FTIL Asset Transfer(18.04.2016)

Supreme Court has set aside a Madras HC order which partially suspended a stay on Financial Technologies (India) Ltd (FTIL) to sell its assets.

Tags : Supreme Court, Financial Technologies (India) Ltd (FTIL)

SEBI Bans First Financial Services, 28 Others from Markets for 3 Years(03.04.2018)

Securities and Exchange Board of India (SEBI) has barred First Financial Services and 28 others from the markets for three years for orchestrating a f.....

Tags : SEBI, First Financial Services

Sebi Fines Equitypandit Financial Rs 40 lakh for Unauthorised Investment Acts(03.04.2018)

SEBI has imposed a fine of Rs 40 lakh on Equitypandit Financial Services for carrying out unauthorised investment advisory services.

Tags : SEBI, Equitypandit Financial

SC: Judicial Independence can be Ensured as Long as Judges Live with a Sense of Financial Dignity(01.12.2023)

Supreme Court has observed that judicial independence which is necessary to preserve the faith and common citizens' confidence in the rule of law can .....

Tags : Supreme Court, Judicial Independence, Financial Dignity

Karnataka HC: Frauds Committed by Employees with Financial Institutions Serious Offence(07.12.2021)

Karnataka High Court has said that frauds, even if negligible, committed by employees associated with financial institutions have to be viewed very se.....

Tags : Karnataka High Court, Employees with Financial Institutions

Ker. HC: Stringent Financial Penalties Must be Imposed for Acts of Defection(07.11.2023)

Kerala High Court while observing that current legal regime has been ineffective in curbing defection, has opined that time has come to contemplate on.....

Tags : Kerala High Court, Financial Penalties, Defection

SC Grants Interim Protection to Journalists From Arrest Over Article Against Adani Group(10.11.2023)

SC has granted interim protection from coercive action to two journalists from Financial Times, Benjamin Nicholas Brooke Parkin and Chloe Nina Cornish.....

Tags : SC, Financial Times, Benjamin Nicholas Brooke Parkin, Chloe Nina Cornish, Adani group

RBI Allows Financial Institutions to Conduct Business in Indian National Rupee in IFSC(20.01.2020)

Reserve Bank of India has allowed the Financial Institutions to conduct businesses in Indian National Rupees in International Financial Services Centr.....

Tags : Reserve Bank of India, Financial Institutions, Business in Indian National Rupee

Ker. HC: Organ Donar’s Motive Not to be Doubted Merely Due to his Poor Financial Background(26.12.2023)

Kerala HC while criticizing Deputy Superintendent of Police for refusing to grant Letter of Altruism as the donor had poor financial income, has held .....

Tags : Kerala High Court, Organ Donar, Financial Background, Letter of Altruism

MP HC Dismisses Plea Seeking Financial Assistance for Lawyers(29.05.2020)

Madhya Pradesh High Court has dismissed a Public Interest Litigation seeking financial assistance for needy lawyers with liberty to file a fresh Petit.....

Tags : Madhya Pradesh High Court, Financial Assistance for Lawyers

Allahabad HC Issues Notice on PIL Seeking Financial Support/ Stipend For Junior Lawyers(09.03.2022)

Allahabad High Court has issued notice to Union of India, Uttar Pradesh Bar Council and others on a Public Interest Litigation (PIL) plea seeking sti.....

Tags : Allahabad High Court, Financial Support/ Stipend For Junior Lawyers

SC: Employee Who Refuses Promotion Offer Not Entitled to Financial Upgradation(04.01.2022)

Supreme Court has observed that if a regular promotion is offered but is refused by the employee before becoming entitled to a financial upgradation, .....

Tags : Supreme Court, Financial Upgradation

Tel. HC: Daughter’s Good Financial Status No Ground to Deny Share in Father’s Self Acquired Property(19.02.2024)

Telangana High Court has held that a daughter cannot be denied claim in the self-acquired property of her father merely because she has a good financi.....

Tags : Telangana High Court, Self Acquired Property, Financial Status

Finance Ministry Says No Extension of Financial Year(31.03.2020)

Finance Ministry has said that it has not extended the financial year 2019-20 and it will end as scheduled on 31st March, 2020.

Tags : Finance Ministry, Financial Year

Madras HC Issues Notice in Plea Seeking Financial Assistance to Lawyers from Bar Council(01.04.2020)

Madras High Court has issued notice to the State of Tamil Nadu and the Bar Council of Tamil Nadu and Puducherry in a Petition seeking minimum financia.....

Tags : Madras High Court, Financial Assistance to Lawyers and Clerks

Rajasthan HC: RCSAT Can’t Entertain Service Matter Appeal of Contractual Employee of RFC(05.02.2024)

Rajasthan High Court observed that the Rajasthan Civil Services Appellate Tribunal (RCSAT) does not have jurisdiction to hear an appeal affecting serv.....

Tags : Rajasthan High Court, RCSAT, Rajasthan Financial Corporation, Service Matter

Del. HC: Auth. Asking for OBC-NCL Certificate Should Keep Cut-Off Date of Issuance In Line With FY(05.02.2024)

Delhi HC observed that authority asking for Other Backward Classes (OBC)-Non Creamy Layer (NCL) certificate should keep the cut-off date of its issuan.....

Tags : Delhi High Court, Cut-Off Date, OBC-NCL Certificate, Financial Year

Telangana HC: Scrutiny By IT Department Barred For The Period Covered By The Resolution Plan(28.01.2022)

Telangana High Court has observed that for the period covered by the Resolution Plan, Income Tax Department cannot carry out any scrutiny or assessmen.....

Tags : Income Tax Act, Insolvency and Bankruptcy Code, Corporate Debtor, Financial Creditor

#Union Budget 2022-2023: Financial Assistance to States for Capital investment(01.02.2022)

Under the scheme for Financial Assistance to States for Capital investment, for 2022-23, the allocation is 1 lakh crore to assist States. This will be.....

Tags : Union Budget, Financial Assistance to States

Bombay HC Denies Relief to FTIL(28.07.2016)

Bombay HC has yet again refused to grant any relief to Financial Technologies (India) Ltd (FTIL) seeking to operate bank accounts for day to day expen.....

Tags : Bombay HC, Financial Technologies (India) Ltd

NCLAT: Limitation Period Applicable to Application Filed by Financial Creditor(16.03.2020)

National Company Law Appellate Tribunal has reversed the order of the National Company Law Tribunal, Ahemdabad holding that the order of admission of .....

Tags : National Company Law Appellate Tribunal, Limitation on Application by Financial Creditor

Gujarat High Court: Financial Crisis Valid Grounds for Condonation of Delay(17.02.2022)

Gujarat High Court has held that as the legal settled proposition which has been set-out here-in-above, considering the prevalent economy condition of.....

Tags : Gujarat High Court, Financial Crisis

Securities and Exchange Board of India Puts Curbs on Financial Advisers to Prevent Mis-selling(18.02.2020)

Securities and Exchange Board of India has barred investment advisers from simultaneously selling financial products and advisory services, and capped.....

Tags : Securities and Exchange Board of India, Curbs on Financial Advisers

Supreme Court Explains: Debt Becoming Financial & Operational Debt(27.04.2024)

SC has explained that where a party owes debt to another and when creditor is claiming under written agreement/arrangement providing for rendering ser.....

Tags : Supreme Court, Operational Debt, Financial Debt

Govt. Notifies Aadhaar Act, Operationalises Some of Its Provisions(13.07.2016)

Union Government has notified Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and operationalised some o.....

Tags : Union Government, Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016

Ministry of Corporate Affairs Extends Due Date of Filing Annual Return and Financial Statement(15.02.2022)

Ministry of Corporate Affairs ( MCA ) has again extended the due date of filing Annual Return and Financial Statement. The MCA has also relaxed the le.....

Tags : Ministry of Corporate Affairs, Filing Annual Return and Financial Statement

Notifications & Circulars

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

Financial Literacy Week (June 5- 9, 2017)(05.06.2017)

Financial Literacy is the first step towards financial prosperity. Financial literacy empowers the common man with knowledge which enables better fina.....

Tags : Financial literacy, Awareness, Week

Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Revision in funding limits, Audio-visual content and provision of hand held projectors(13.07.2017)

1. Please refer to our circular FIDD.FLC.BC.No.22/12.01.018/2016-17 dated March 2, 2017 on policy review of guidelines for FLCs and rural branches of .....

Tags : Financial Literacy, Funding limits, Revision

Government of India and the Government of the Federal Republic of Germany Sign Government to Government Umbrella Agreement and other agreements(04.12.2017)

The Government to Government Umbrella Agreement between the Government of India and the Government of the Federal Republic of Germany concerning Finan.....

Tags : Agreement, Financial Cooperation, Signing of

Reporting of U.S. Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions(15.01.2018)

India and USA have signed the Inter-Governmental Agreement (IGA) under FATCA in 2015. To enhance the effectiveness of information exchange and transpa.....

Tags : Tax Identification Numbers, (TINs), Accounts, Financial Institutions

Government gives financial support to senior citizens through various schemes(20.03.2018)

The Ministry of Social Justice & Empowerment is implementing a Central Sector Scheme of Integrated Programme for Older Persons (IPOP) since 1992 with .....

Tags : Financial support, Senior citizens, Schemes

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

Initiation of proactive steps after the assessment of financial markets(27.09.2018)

Based on its assessment of the financial markets, the Reserve Bank of India has taken several proactive steps in the last few days. The Reserve Bank h.....

Tags : Proactive steps, Initiation, assessment, Financial markets

22nd Meeting of the FSDC Sub-Committee - Mumbai(14.03.2019)

A meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC) was held today in Mumbai. Shri Shaktikanta Das, Governor, Res.....

Tags : Sub-Committee, Meeting, Financial Stability

Mr. Agustin Carstens, Bank for International Settlements delivered 17th C.D. Deshmukh Memorial Lecture titled "Central Banking and Innovation: Partners in the Quest for Financial Inclusion"(25.04.2019)

The Reserve Bank of India hosted the Seventeenth C.D. Deshmukh Memorial Lecture on April 25, 2019 in Mumbai. The lecture was delivered by Mr. Agust¡n .....

Tags : Lecture, Innovation, Financial Inclusion

Financial Action Task Force Public Statement(18.11.2019)

The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financ.....

Tags : FATF, Public Statement, Financial system, Protection

Further extension of time for submission of financial results for the quarter/half year/financial year ending 31st March 2020 due to the continuing impact of the CoVID-19 pandemic(24.06.2020)

1. SEBI, vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/38 dated March 19, 2020 and circular No. SEBI/HO/DDHS/ON/P/2020/41 dated March 23, 2020, had ex.....

Tags : Extension, Time, Submission, Financial results

Union Cabinet approves enhanced delegation of financial powers under Capital Procurement to Deputy Chiefs and Command Chiefs of Armed Forces(17.02.2021)

The Union Cabinet today approved enhanced delegation of Financial Powers under Capital Procurement to levels below Vice-Chief of Armed Forces. As per .....

Tags : Delegation, Financial powers, Armed Forces

Remittances to International Financial Services Centres in India under the Liberalised Remittance Scheme(16.02.2021)

1. Please refer to the Statement on Development and Regulatory Polices announced as part of the Bi-monthly Monetary Policy Statement dated February 05.....

Tags : Financial markets, Remittances, IFSC

Central Government notifies those registered persons whose aggregate turnover in a financial year does not exceed two crore rupees(09.10.2019)

In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said A.....

Tags : Registered persons, Turnover, Financial year

Reserve Bank of India introduces the Financial Inclusion Index(17.08.2021)

As announced in the Statement on Developmental and Regulatory Policies in the first Bi-monthly Monetary Policy Statement for 2021-2022 dated April 07,.....

Tags : Financial Inclusion, Index, Introduction

Financial Action Task Force High risk and other monitored jurisdictions(16.11.2021)

The Financial Action Task Force (FATF), vide public document 'High-Risk Jurisdictions subject to a Call for Action' dated October 21, 2021, has called.....

Tags : Financial Action, Task Force, Jurisdictions

IFSCA Guidance framework on sustainable and sustainability linked lending by financial institutions in IFSCs - Draft(02.03.2022)

The International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products,.....

Tags : IFSCA Guidance, Lending, Financial institutions

International Financial Services Centres Authority (Form of Annual Statement of Accounts) Rules, 2022(28.02.2022)

In exercise of the powers conferred by clause (d) of sub-section (2) of section 27 read with sub-section(1) of section 16 of the International Financi.....

Tags : Financial Services, Annual Statement, Accounts, Rules

Notification of specified financial transactions as an activity for the purposes of Section 2(1)(vi)(sa) of PMLA, 2002(03.05.2023)

In exercise of the powers conferred by sub-clause (vi) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 .....

Tags : Financial transactions, Relevant person, Activity

RBI releases the Financial Stability Report, June 2023(28.06.2023)

Today, the Reserve Bank released the 27th issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee.....

Tags : Financial Stability, Report, Release

RBI releases the Financial Stability Report: December 2021(29.12.2021)

Today, the Reserve Bank released the 24th issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee.....

Tags : Financial Stability, Report, Release

Central Government notifies activity of investment in a financial product by the non-resident in accordance with a contract with such non-resident entered into by a capital market intermediary(04.01.2024)

In exercise of the powers conferred by sub-clause (ii) of clause (4G) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government h.....

Tags : Investment, Financial product, Non-resident

RBI releases Primary (Urban) Co-operative Banks' Outlook 2020-2021(20.01.2022)

The Reserve Bank of India releases the 8th volume of the annual publication titled 'Primary (Urban) Co-operative Banks' Outlook 2020-21'. The publicat.....

Tags : Annual publication, Release, Financial accounts

Last date for filing of updated returns (ITR-U) for A.Y. 2021-22 (i.e. for F.Y. 2020-21) is 31.03.2024(04.03.2024)

The Income Tax Department receives information of specified financial transactions of taxpayers from various sources. To increase transparency and to .....

Tags : Submission, Updated ITRs, Financial transactions

Extension of time for submission of financial results for the quarter/half year/financial year ended 30th June 2020(29.07.2020)

1. SEBI, vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/106 dated June 24, 2020, had extended the timeline for submission of financial results by liste.....

Tags : Extension, Time, Financial results

Master Direction - Standalone Primary Dealers (Reserve Bank) Directions, 2016(25.08.2016)

The Reserve Bank of India (the Bank), having considered it necessary in public interest, and being satisfied that, for purpose of enabling Bank to reg.....

Tags : Financial system, Regulation, Directions

Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines(30.03.2021)

1. The Bilateral Netting of Qualified Financial Contracts Act, 2020 (hereafter referred to as "the Act"), has been notified by the Government of India.....

Tags : Bilateral Netting, Financial Contracts, Amendments

Disclosure in the "Notes to Accounts" to the Financial Statements - Divergence in the asset classification and provisioning(01.04.2019)

Please refer to our circular DBR.BP.BC.No.63/21.04.018/2016-17 dated April 18, 2017, on the captioned subject, requiring disclosures by banks where di.....

Tags : Disclosure, Financial Statements, Asset classification

Revised Guidelines for the Financial Inclusion Fund(15.10.2015)

In light of the merging of the Financial Inclusion Fund and the Financial Inclusion Technology Fund to form the FIF as it exists today, the Reserve Ba.....

Tags : Bank, financial inclusion guidelines, fund

RBI releases the Financial Stability Report, July 2021(01.07.2021)

The Reserve Bank released the 23rd issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the.....

Tags : Financial Stability, Report, Release

Notification as 'Financial Institution' under Section 2(1)(m)(iv) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002(25.08.2021)

1. Please refer to Para 105 of Master Direction - Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021 wherein cert.....

Tags : Financial Institution. Modification, Master Directions

Government proposes harder fight against bonded labour(17.05.2016)

The central government announced proposals to make the Rehabilitation of Bonded Labour Scheme more effective. The scheme now envisages an increase in .....

Tags : Bonded labour, rehabilitation, corpus, financial assistance

Synchronising financial accounting year with calendar year(19.07.2016)

Union Minister of Finance, Aurn Jaitley, stated that a Committee to examine the desirability and feasibility of changing the financial year has been c.....

Tags : financial year, calendar year, nationalised banks, merger

No Extension of the Financial Year(30.03.2020)

There is a fake new circulating in some section of media that the Financial Year has been extended. A notification issued by the Government of India o.....

Tags : No Extension, Financial Year

Compliances for initiation of Voluntary Liquidation of a Financial Service Provider(13.02.2024)

1. The Code provides for the voluntary liquidation process of corporate persons. However, the definition of 'corporate person' in sub-section (7) of s.....

Tags : Compliances, Voluntary Liquidation, Financial Service Provider

AIFIs to submit balance sheets, consolidated prudential reports(23.06.2016)

RBI introduced the Reserve Bank of India (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Direction.....

Tags : all india financial institutions, disclosure, balance sheet, yearly

Implementation of Indian Accounting Standards(23.06.2016)

RBI asked banks to submit Proforma Ind AS (Indian Accounting Standards) Financial Statements for half year ending 30 September 2016 by 30 November 201.....

Tags : ind as, banks, financial statements

Steps taken by Department of Financial Services with regard to Disruption on account of Corona Virus(12.03.2020)

It is to bring to the notice of all concerned that Department of Financial Services (DFS) has issued the following instructions vide their OM No. 12/0.....

Tags : Financial Services, Disruption, Corona Virus

Guidelines for Implementation of Shipbuilding Financial Assistance Policy(05.07.2016)

The Ministry of Shipping approved guidelines for implementing the Shipbuilding Financial Assis.....

Tags : india, shipbuilding, financial assistance

Revised formats for financial results and implementation of IndAS(05.07.2016)

The Securities and Exchange Bureau of India announced that existing formats prescribed for publishing financial results will continue till 31 December.....

Tags : sebi, financial results, Ind AS

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