30 January 2023


Search Results for Tag : fund

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Employees Pension Scheme(10.08.2015)

The Minister of State for Labour and Employment stated the government had constituted an Expert Committee to review Employees' Pension Scheme, 1995 wh.....

Tags : pension, employees, provident fund

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Statute

Amendments in Compensatory Afforestation Fund Bill 2015(20.04.2016)

The Union Cabinet approved amendments to the read»



Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill, 2016(30.05.2016)

The Ministry of Women and Child Development released the draftread»



Blast from the Past

Blame your hair fall on the helmet(29.08.1988)

Given that India has some of the most unsafe roads in the world, it is indeed ironic that the struggle to coerce road users into adopting safety devic.....

Tags : helmet, two wheeler, fundamental right

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Personal laws not disturbed by fundamental rights(24.07.1951)

What could the Bombay High Court have said that stung Finance Minister Arun Jaitley so, leading him to call it “one of the most adverse judgments”. Af.....

Tags : Personal laws, bigamy, fundamental rights, social custom

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International Cases

There must be certainty of intention to create a trust on part of settler in relation to the subject-matter of trust and as to the beneficiary of the trust(02.10.2019)

On 20 September 1948, Nawab Moin Nawaz Jung (Moin) caused the sum of £1 million to be transferred from an account of the Government of Hyderabad held .....

Tags : Transfer, Fund, Entitlement

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Right and interest in University of North Pension Fund included not only right and interest in pension fund, but also provident fund(03.12.2019)

The origin of the present dispute lies in the terms of an order of divorce granted as long ago as 6 December 2004, by the North Eastern Divorce Court,.....

Tags : Right, Interest, Pension fund

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Court has broad powers under Section 21 of the Charitable Trusts Act, 1962 to make orders in respect of any property, money or income subject to a trust for charitable purposes(03.03.2021)

The Plaintiffs commenced present proceedings by originating summons filed 25 January 2021. The Plaintiffs seek relief, including declarations that the.....

Tags : Trust Fund, Legal costs, Entitlement

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A party who had been deprived of the use of his or her capital for a period of time has suffered a loss and did not need to establish special proof of his or her damages(19.05.2022)

The appeal was about two companies, namely Houtbosplaas (Pty) Ltd (Houtbosplaas) and TBS Alpha Beleggings (Pty) Ltd (TBS Alpha) suing their erstwhile .....

Tags : Payment, Funds, Interest

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Onus is on claimant to establish that money had been entrusted on his behalf to the attorney(28.07.2022)

The Appellant, a practising advocate made an application to the high Court for an order compelling the Respondent, the Legal Practitioners’ Fidelity F.....

Tags : Funds, Entrustment, Claim

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Top Story

Easier refunds, more compensation: DGCA(13.06.2016)

The Director General of Civil Aviation released proposals to ease flyers’ woes in the event of cancelled flights or when they are denied boarding. Als.....

Tags : air travel, refund, cancellation, disability, compensation

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SC Declares Right to Privacy as Fundamental Right(24.08.2017)

The Nine Judges Bench of the Hon’ble Supreme Court in a historic and landmark Judgment has declared that, right to privacy is a fundamental right in t.....

Tags : Privacy, Fundamental right, Declaration

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Supreme Court allows passive euthanasia, issues guidelines(09.03.2018)

The Supreme Court while holding that right to live with dignity is a fundamental right has allowed passive euthanasia for terminally-ill patients. The.....

Tags : Illness, Passive Euthanasia, Fundamental right

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Central Government enhances funds for improving quality of Higher Education(02.08.2018)

In order to provide greater access to Higher Education with equity to all the eligible citizens and in particular to the vulnerable sections, Governme.....

Tags : Funds, Higher education, Increase

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Delhi High Court Decriminalizes Begging(08.08.2018)

Delhi High Court strikes down the provision as 'unconstitutional' which made 'begging' an offence. Further, High Court observed that, criminalizing be.....

Tags : Begging, Offence, Fundamental right, Violation

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RBI announces special liquidity facility for mutual funds(27.04.2020)

In order to ease liquidity pressures on mutual funds (MFs), RBI decides to open a special liquidity facility for mutual funds of ₹ 50,000 crore. Due t.....

Tags : Liquidity facility, Mutual funds, Announcement

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Reserve Bank of India scraps Charges on NEFT, RTGS Transfers(06.06.2019)

Reserve Bank of India (RBI) has announced waiver of charges that are applied on bank transfers carried out either by National Electronic Funds Transfe.....

Tags : Fund transfer, Charges, Removal

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Judgments

Power of arrest is to be used with great circumspection and not casually(01.09.2016)

Present writ Petitions filed by two entities operating on-line platforms/web portals raise important questions involving powers of Directorate General.....

Tags : Arrest, Fundamental rights, Violation

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Incidence of duty in two Enactments independent to each other and one duty can be levied without other(24.08.2016)

Notification No. 37 of 1996 dated 23.7.1996, issued by Government pursuant to trade treaty whereby specified goods in Notification when imported into .....

Tags : Special additional duty, Refund, Entitlement

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Trust has no right to discriminate entry of women into a public place of worship under guise of `managing affairs of religion'(26.08.2016)

In instant case, issue involved is relating to entry of women in sanctum sanctorum of Dargah in light of the constitutional provisions. By this PIL, f.....

Tags : Fundamental rights, Women, Entry, Haji Ali Dargah

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For every kind of refund, time limit as prescribed under Section 11B of Central Excise Act, 1944 is applicable(30.01.2017)

In facts of present case, Appellant is a 100% EOU engaged in manufacture and export of pharmaceutical products issued with private bonded warehouse an.....

Tags : Refund, Eligibility, Time bar

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If Appellant has discharged appropriate Sales Tax/VAT for sale of goods imported by them, than refund claimed by them cannot be denied(25.07.2017)

Facts of case are that, Appellant had filed a refund claim in terms of Notification No. 102/2007-Cus.: MANU/CUST/0175/2007 dated 14th.....

Tags : Refund claim, Denial, Validity

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In making refunds claims, an assessee is bound within four corners of Statute and period of limitation prescribed in Central Excise Act and Rules framed therein(06.09.2018)

The Appellants are engaged in the manufacture and export of Leather Footwear. They were paying service tax on 'reverse charge basis', in respect of se.....

Tags : Refund, Denial, Validity

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In absence of statutory provisions, no inherent powers of Court exists to condone delay(25.10.2018)

In facts of present case, the Assessee, had filed a refund claim under special refund mechanism as provided for under the exemption Notification No. 1.....

Tags : Refund claim, Grant, Validity

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Refund claim cannot be entertained unless order of assessment is modified(18.09.2019)

Present appeals have been preferred by the Assessees as well as by the Union of India aggrieved by the judgment and order passed by the High Courts an.....

Tags : Assessment, Refund claim, Maintainability

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A person deprived of using legitimately entitled money has a right to be compensated for the deprivation by way of interest, compensation or damages(26.12.2019)

The Review Petitioner, Power Grid Corporation of India Ltd., has filed the present Review Petition under Section 94 of the Electricity Act, 2003 read .....

Tags : Refund, Bank Guarantee, Direction

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Refund claim cannot be withheld on mere basis that, a notice has been issued under Section 143(2) of IT Act(27.07.2020)

Present writ petition under Article 226 of the Constitution of India, 1950 seeks mandamus for directing the Respondent to grant refund as determined u.....

Tags : Pending Assessment, Refund, Entitlement

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When Circulars are issued by the DGCA to ensure public safety, the right to life guaranteed by the Constitution is not violated as same is subject to restrictions(16.10.2020)

Present writ petitions have been filed by the respective Petitioners challenging the Breath Analyzer examination of the personnel engaged in Aircraft .....

Tags : Fundamental rights, Circular, Legality

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Acceptance of the offer must be absolute and unqualified and cannot be conditional(05.01.2021)

Present appeal is against a common Judgment and Order passed by the High Court confirming a Judgment and Order of the Additional Senior Civil Judge, a.....

Tags : Refund, Earnest Deposits, Entitlement

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Parties who privately agree to settle their dispute outside the modes contemplated under Section 89 of the CPC are also entitled to refund of Court fees(17.02.2021)

Present special leave petitions arise out of judgment of the High Court. By the impugned judgment, the High Court allowed Petitions filed by the Respo.....

Tags : Court fees, Refund, Entitlement

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Refund claim cannot be converted into rebate claim without following prescribed procedure(15.05.2017)

In facts of present case, Appellants are engaged in manufacture of excisable goods falling under Chapter Heading 7308 90 90 of Central Excise Tariff A.....

Tags : Refund, Entitlement, Procedure, Compliance

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Arbitration clause in Agreement does not bar jurisdiction of Consumer Fora to entertain Complaint(21.05.2019)

The brief facts in present case are that the Complainant, lured by the rosy representation of the officials of the Developer and the promise of posses.....

Tags : Service, Deficiency, Refund, Entitlement

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Refund cannot be denied, when all conditions of the notification are fulfilled(05.04.2021)

In present matter, Appellant has filed refund applications seeking refund of 4% Additional Customs duty as per Notification No. 102/2007-Cus. dated 14.....

Tags : Refund, Recovery, Validity

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If Refund is delayed by three months after filling Application for Refund, claimant becomes eligible to get interest(01.04.2021)

The Appellant has filed present Appeal against the impugned order-in-appeal passed by the Commissioner (Appeals), CGST and Central Excise, wherein SAD.....

Tags : Refund, Interest, Entitlement

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An assessee is bound within four corners of the statute and the period of limitation prescribed in Excise Act and Rules in refund claims before the Departmental Authorities(16.03.2021)

The Applicant was engaged in manufacturing of "Galvanized Transmission & Communication Tower Parts". The Appellant filed a refund claim amounting to R.....

Tags : Refund, Eligibility, Time period

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State cannot enrich itself unjustly, when no duty was liable to be paid by Appellant(16.08.2021)

The Appellant is engaged a manufacture of Galvanized Transmission and Communication Tower Plants. A refund claim for an amount of Rs.2,01,262 was file.....

Tags : Refund, Time bar, Eligibility

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Even in absence of specific letter for payment of duty under protest, the payment of duty for which refund sought can be treated under protest(02.12.2021)

The issue involved in the present case is that whether the Appellant's refund claim is hit by limitation and whether in absence of any specific letter.....

Tags : Duty, Payment, Refund

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Failure of a builder to obtain occupation certificate is a deficiency in service under Consumer Protection Act, 1986(11.01.2022)

The appeal arises from a judgment and order of the National Consumer Disputes Redressal Commission. The complaint was filed by the Appellant for refun.....

Tags : Refund, Complaint, Maintainability

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Statute provides for mandatory payment of interest and there is no discretionary power with the Revenue Authority in the matter of interest(25.05.2022)

The issue involved in present appeal is whether the Commissioner (Appeals) has rightly rejected the claim of interest, on the grant of belated refunds.....

Tags : Refund, Interest, Entitlement

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A person cannot be made to wait indefinitely for possession of flat allotted and is entitled to seek refund of amount paid(02.04.2020)

The Appellant-Builder launched a residential project by the name “Araya Complex” in Sector 62, Golf Course Extension Road, Gurugram. The Respondent- F.....

Tags : Refund, Interest, Entitlement

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A person cannot be made to wait indefinitely for possession of flat allotted and is entitled to seek refund of amount paid(02.04.2019)

The Appellant-Builder launched a residential project by the name “Araya Complex” in Sector 62, Golf Course Extension Road, Gurugram. The Respondent- F.....

Tags : Refund, Interest, Entitlement

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Date of filing of refund application needs to be taken for grant of interest(05.04.2022)

The issue involved is whether the Appellant is entitled for interest in respect of the refund claim already granted. The brief facts of the case are t.....

Tags : Refund, Interest, Grant

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Once it is proved that, debit/credit note have been acted upon and the incidence of duty earlier passed on, have been neutralised, refund would be admissible(04.07.2022)

The issue in present appeal is whether the refund claim filed by the Appellant for excess duty paid due to price revision with retrospective effect, w.....

Tags : Duty, Refund, Entitlement

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A refund can be claimed by a person who has borne the incidence of tax(05.09.2022)

Appellant has filed present Appeal to assail the order passed by the Commissioner (Appeals), by which the order passed by the adjudicating authority r.....

Tags : Refund claim, Rejection, Legality

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Any amount deposited during investigation has to be treated as pre-deposit and the same is neither hit by limitation nor by unjust enrichment(27.09.2022)

The issue involved in present appeal is whether the Court below have erred in reducing the amount of refund, which was in the nature of pre- deposit, .....

Tags : Pre-deposit, Refund, Interest

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Presumption of due service arises, when 'Notice' is sent to the proper and correct address(25.01.2023)

The 'Appellant' / 'Bank' has preferred the instant Comp. App. before present 'Tribunal' as an 'Aggrieved Person' being dissatisfied with the 'impugned.....

Tags : Direction, Refund, Notice

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In absence of proof of delivery, the presumption of service of notice is not sustainable(25.06.2021)

The Appellant filed refund claim for Rs.34,42,038. The refund sanctioning authority vide order-in-original sanctioned the refund for Rs. 34,42,218 to .....

Tags : Refund, Notice, Service thereto

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Insurer liable even if insuree does not follow own bye-laws strictly(02.03.2016)

The National Consumer Disputes Redressal Commission held that the Bombay Stock Exchange should not have utilised money from its Trade Guarantee Fund t.....

Tags : Stock exchange, default, guarantee fund, insurance

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Any sum by way of any discount or rebate shall be deducted and shall not be included in sale price(23.02.2018)

The Appellant-Assessee manufactures cylinders for storage of Liquefied Petroleum Gas (LPG). At the relevant time, the entire production was for supply.....

Tags : Refund, Denial, Validity

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TDSAT dismisses Loop Telecom’s petition for refund of UAS licence fee(16.09.2015)

The TSDAT rejected a petition by Loop Telecom for the refund of monies paid by it towards the grant of Unified Access Licences in 2008. Given that the.....

Tags : Uas, licence, loop, refund

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Exemption available to GTA service for transport of 'agricultural produce' cannot cover the transport of cut wood of trees(19.02.2018)

In instant case, the Respondents are engaged in the manufacture of MDF, particle boards, wooden flooring, etc. They are registered with the Department.....

Tags : Refund, Grant, Validity

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Children have right to promotion in minority institution up to elementary level(10.06.2016)

Applying the ‘best interest’ principle, Kerala High Court granted an elementary school student benefit of Section 16 of the Right of Children to Free .....

Tags : minority school, elementary, student, promotion, fundamental right

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Mere payment of contributions after filing of case will not absolve employer from his liability(27.04.2018)

In facts of present case, on November 19, 2014, Enforcement Officer, Employees Provident Fund Organization (Opposite party No. 2) inspected the establ.....

Tags : Provident Fund, Deposit, Default, Proceedings, Quashing

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Refund claim cannot be rejected merely because service provider has not mentioned registration number in invoices(04.06.2020)

The brief facts of the case are that, the Appellant is a merchant exporters engaged in the business of export of goods. The Appellant originally filed.....

Tags : Refund, Denial, Legality

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Authority has complete jurisdiction to decide complaint in regard to non-compliance of obligations by the promoter(05.02.2019)

A complaint was filed under Section 31 of the Real Estate (Regulation and Development) Act, 2016 read with rule 28 of the Haryana Real Estate (Regulat.....

Tags : Delayed possession, Refund, Entitlement

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Doctrine of sovereign immunity not applicable to cases of fundamental rights violation, hence, cannot be used as a defence in public law(12.08.2016)

In present writ petition, Petitioners, migrants of State of Jammu & Kashmir State had planned to take out a peaceful protest March upto Delhi for vent.....

Tags : Fundamental rights, Violation, Compensation

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Refund application beyond period specified could not be entertained unless refund was a consequence of declaration of provision as unconstitutional(23.09.2016)

Appellant had imported Heavy Melting Steel Scrap. Appellant committed inadvertent mistake and paid excess amount in respect of Bills of Entry. Present.....

Tags : Refund, Time Barred, Grant

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Refund claimed after one year is time barred in terms of provisions of Section 11B of Central Excise Act(22.08.2022)

In facts of present case, the refund is filed for the excess payment of the Service Tax after period of 1 year. The refund was rejected on the ground .....

Tags : Refund, Provision, Time barred

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Refund shall be effected on production of necessary documents of evidences(27.06.2017)

Present appeal is against impugned order dated 11.1.2016 passed by Commissioner of Customs (A) whereby Commissioner (A) set aside the Order-in-Origina.....

Tags : Refund, Eligibility, Document, Production

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Extra Duty Deposit be refunded without filing of refund claim(26.07.2022)

Present appeal has been filed by China Steel Corporation India Pvt Ltd against denial of refund of Extra Duty Deposit paid by them in terms of CBEC Ci.....

Tags : EDD, Refund, Grant

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Notifications & Circulars

RBI releases Consultation Paper on Peer to Peer Lending(28.04.2016)

The Reserve Bank of India released a Consultation Paper on Peer to Peer Lendin.....

Tags : peer to peer, lending, rbi, crowd-funding

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No Revenue appeals against interest on refund of excess TDS(26.04.2016)

The Central Board of Direct Taxes issued a notification stating that no appeals are to be filed against interest be claimed by a tax deduct on refund .....

Tags : litigation reduction, tds, refund, interest

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Restriction on EPF withdrawal(05.05.2016)

The Minister for Labour and Employment outlined the restrictions on withdrawal of funds from the Employees Provident Fund Scheme. Instances when withd.....

Tags : Employees provident fund, withdrawal, labour and industrial

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FAQs for PACL refund(28.03.2016)

The Securities and Exchange Board of India hopes to preempt the scrum of PACL investors waiting impatiently to receive refunds.

The Suprem.....

Tags : Sebi, faq, pacl, refund

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Committee for examining applications under Rule 10VA notified(23.05.2016)

The Central Board of Direct Taxes noticed several Commissioners of Income Tax as Committee examine and opine on cases in respect of offshore funds fun.....

Tags : offshore fund, manager, approval, finance act 2015

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Restriction on redemption of Mutual Funds(31.05.2016)

In efforts to quell disparity in imposition of restrictions on redemption of mutual funds, the Securities and Exchange Board of India clarified that r.....

Tags : mutual fund, redemption, restriction, sebi

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SEBI guidelines on utilisation of Investor Protection Fund(07.06.2016)

SEBI issued guidelines on utilisation and investment aspects of the Investor Protection Fund.

It notified use of the Fund for investor educ.....

Tags : investor protection fund, depositories, trust, investment

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Refund to Terminal Excise Duty (TED) under Deemed Exports where Duty has been paid from CENVAT Credit and ab-initio waiver is not available(22.09.2016)

The Para 7.03 (c) of FTP 2015-20 provides for refund of Terminal Excise Duty if exemption is not available. The Para 7.05 (ii) of FTP 2015-20 states t.....

Tags : Terminal Excise Duty, Refund, Deemed Exports

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EESL Raises Domestic Bonds to Fund Energy Efficiency Projects in India AA Rating by Both ICRA and CARE(20.09.2016)

Energy Efficiency Services Limited (EESL) has made its maiden issuance of bonds in the domestic market to fund energy efficiency projects in India. Do.....

Tags : Domestic Bonds, Projects, Fund raising

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Participation in Derivatives Market by Mutual Funds(20.02.2017)

In terms of SEBI circular no. DNPD/Cir-29/2005 dated September 14, 2005, existing schemes of the Mutual Funds, whose Scheme Information Documents (SID.....

Tags : Mutual fund, Market, Participation

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Participation of Category III Alternative Investment Funds (AIFs) in the commodity derivatives market(21.06.2017)

1. At present, institutional participants are not allowed to participate in the commodity derivatives market in India. Consequently the commodity deri.....

Tags : Investment Funds, Participation, Derivative market

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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

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Guidelines on overseas investments and other issues/clarifications for AIFs/VCFs(01.10.2015)

Securities and Exchange Board of India issued clarifications on the SEBI (Alternative Investment Funds) Regulations, 2012. The clarifications related .....

Tags : Venture, alternative, capital, fund

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Online Filing System for Alternative Investment Funds(31.07.2017)

1. In a constant endeavor to facilitate ease of operations in terms of applying for registration, reporting and various compliances under SEBI (Altern.....

Tags : Online, Filing System, Investment Funds

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Rs. 200 crore set aside for Central Victim Compensation Fund(14.10.2015)

Ministry of Home Affairs introduced the Central Victim Compensation Fund to provide support to victims of various attacks, including acid attacks, rap.....

Tags : Victim, fund, central, state

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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

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Report of the Internal Study Group to Review the Working of the Marginal Cost of Funds based Lending Rate (MCLR) System(04.10.2017)

As indicated in Para 2 of today's Statement on Developmental and Regulatory Policies, the Reserve Bank of India placed on its website today the Report.....

Tags : Marginal Cost, Funds, Review

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Exporters advised to file Table 6A and GSTR 3B for processing of IGST Refund and for Refund of the unutilized Input Tax Credit(29.11.2017)

The Government of India is seized of the issue of Exporters complaining about delay in grant of refunds pertaining to Integrated Goods and Services Ta.....

Tags : Refund, IGST, Input Tax

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TRAI responds to DoT reference for improving telecom on islands(23.03.2016)

The Telecom Regulatory Authority of India issued a response to the Department of Telecom reference for improving telecommunications services in the An.....

Tags : islands, infrastructure, universal services obligation fund

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Refund of IGST on Export-Extension of date in SB005 alternate mechanism cases and clarifications in other cases(23.03.2018)

CBEC has issued Circular No 5/2018-Customs dated 23-02-2018 which provided for an alternative mechanism with officer interface to resolve invoice mism.....

Tags : Refund, IGST, Export, Date, Extension

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Extension of Special Refund Fortnight till 16.6.2018(12.06.2018)

The Government has launched the second "Special Drive Refund Fortnight "from 31.5.2018 to 14.6.2018. During the first Refund Fortnight from 15th to 29.....

Tags : Refund, Extension, IGST

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Government’s startup initiatives inviting much interest(20.07.2016)

The Ministry of Commerce and Industry revealed that 728 applications have been received thus far by the Ministry through the Startup India portal.

Tags : startup, fund of funds, tax incentives, portal

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Refund of IGST on export of goods on payment of duty-Clarification in case of SB003 errors and extension of date in SB005 and other cases using officer Interface for rectification of errors-reg(18.07.2018)

1. It may be recalled that in circular 15/2018-Customs dated 06.6.2018, CBIC has provided for the resolution of SB003 error in certain cases through t.....

Tags : Goods, Export, Refund

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SEBI order in the matter of M/s Magnox Infraprojects Limited(17.08.2015)

The Securities and Exchange Board of India passed an order restraining M/s Magnox Infraprojects Limited and its directors from dealing in the securiti.....

Tags : Sebi, order, restraint, refund

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IGST refunds-mechanism to verify the IGST payments for goods exported out of India in certain cases(17.06.2019)

The procedure for claiming IGST refunds is fully automated as provided under Instruction 15/2017-Cus dated 09.10.2017. It has come to the notice of th.....

Tags : Refunds-mechanism, Payments, Verification

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Cabinet approves implementation of the scheme "Dairy Processing and Infrastructure Development Fund"(12.09.2017)

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi has approved a Dairy Processing & Infrastructure Development F.....

Tags : Implementation, Scheme, Dairy Processing, Development Fund

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IGST Refunds-Mechanism to verify the IGST payments for goods exported out of India in certain cases(27.08.2019)

In an earlier Board's earlier Circular 12/2018-Customs dated 29.05.2018, an interim solution was provided to tide over the difficulty faced by exporte.....

Tags : Refunds-Mechanism, Verification, IGST payments

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Circular on Mutual Funds(15.02.2016)

The Securities and Exchange Board of India issued a Circular to ‘put mutual funds in a better position to handle adverse credit events’, reducing the .....

Tags : Mutual fund, sector limits, group limits, diversification

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CBDT issues draft notification seeking inputs for framing of rules with respect to Fund Manager Regime under Section 9A of the I.T. Act, 1961(05.12.2019)

Section 9A of the Income-tax Act, 1961 (the Act) provides for a special taxation regime in respect of certain offshore funds in the context of their f.....

Tags : Notification, Issuance, Fund Manager Regime

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Circular on Mutual Funds(25.02.2016)

The Securities and Exchange Board of India released a circular on the treatment of unclaimed redemption and divided amounts. Some of the changes inclu.....

Tags : Mutual funds, unclaimed redemption, dividend amounts

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Review of investment norms for mutual funds for investment in Debt and Money Market Instruments(10.12.2019)

Paragraph E of SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/104 dated October 1, 2019 prescribed limits on investments by debt mutual fund schemes in .....

Tags : Review, Investment norms, Mutual funds

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IGST refunds on exports-extension in SB005 alternate mechanism(17.02.2021)

1. Reference is invited to Board’s Circulars 5/2018-Cus. dated 23.02.2018 08/2018 Cus. dt 23.03.2018, 15/2018 Cus. dt 06.06.2018, 22/2018 Cus dt 16.07.....

Tags : IGST refunds, Exports-extension, Alternate mechanism

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Minimum percentage of trades carried out by mutual funds through RFQ platform(06.10.2021)

1. SEBI, vide circular SEBI/HO/IMD/DF3/CIR/P/2020/130 dated July 22, 2020, has mandated mutual funds to undertake at least 10% of their total secondar.....

Tags : Trades, Mutual funds, RFQ platform

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Contingency Fund of India (Amendment) Rules, 2021(06.10.2021)

In exercise of the powers conferred by section 4 of the Contingency Fund of India Act 1950 (49 of 1950), the Central Government hereby makes the follo.....

Tags : Amendment, Rules, Contingency fund

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Guiding principles for bringing uniformity in benchmarks of Mutual Fund Schemes(27.10.2021)

1. In order to standardize and bring uniformity in the Benchmarks of Mutual Fund Schemes and taking into account the recommendations of Mutual Fund Ad.....

Tags : Principles, Uniformity, Mutual Fund Schemes

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Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) (Third Amendment) Rules, 2021(12.10.2021)

In exercise of the powers conferred by clause (a) of sub-section (2) of section 51, read with sub-section (3) of section 5 of the Pension Fund Regulat.....

Tags : Pension Fund, Rules, Amendment

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Securities And Exchange Board Of India (Alternative Investment Funds) (Second Amendment) Regulations, 2022(16.03.2022)

In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) and clause (c) of sub-sectio.....

Tags : Alternative Investment Funds, Amendment, Regulations

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International Financial Services Centres Authority (Fund Management) Regulations, 2022(21.04.2022)

International Financial Services Centres Authority (IFSCA), has notified a comprehensive regulatory framework for Investment Funds in the official gaz.....

Tags : Fund Management Entity, Regulation

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IGST refunds on exports-extension in SB005 alternate mechanism(21.04.2020)

1. Kind reference is invited to Board's Circulars 08/2018-Cus dt 23.03.2018, 15/2018-Cus dt 06.06.2018, 22/2018-Cus dt 18.07.2018, 40/2018-Cus dt 24.1.....

Tags : IGST, Refunds, Exports-extension

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Central Government notifies the infrastructure debt fund namely, the Kotak Infrastructure Debt Fund Limited(31.03.2022)

In exercise of the powers conferred by clause (47) of section 10 of Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the infr.....

Tags : Infrastructure debt, Fund, Notification

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Central Govt. specifies pension fund, namely, CPPIB India Private Holdings Inc., as specified person in respect of eligible investment made by it in India on or after publication of this notification(17.08.2022)

In exercise of the powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (.....

Tags : Pension fund, Specified person, Eligible investment

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Guidelines for overseas investment by Alternative Investment Funds/Venture Capital Funds(17.08.2022)

1. In terms of Regulation 12(ba) of erstwhile SEBI (Venture Capital Funds) Regulations 1996 and Regulation 15(1)(a) of SEBI (Alternative Investment Fu.....

Tags : Guidelines, Overseas investment, Venture Capital Funds

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Central Government hereby specifies Canada Pension Plan Investment Board as the specified person for the purposes of the clause (c) of the Explanation 1 to clause (23FE) of Section 10 of IT Act, 1961(22.04.2021)

In exercise of powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 o.....

Tags : Pension fund, Investment Board, Specified person

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Clarification on spending of CSR funds for setting up makeshift hospitals and temporary COVID Care facilities(22.04.2021)

In continuation to this Ministry's General Circular No. 10/2020 dated 23.03.2020 wherein it was clarified that spending of CSR funds for COVID-19 is a.....

Tags : Clarification, Spending, CSR funds

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Clarification on spending of CSR funds for 'creating health infrastructure for COVID care', 'establishment of medical oxygen generation and storage plants'(05.05.2021)

In continuation to this Ministry's General Circular No. 10/2020 dated 23.03.2020, wherein it was clarified that spending of CSR funds for COVID-19 is .....

Tags : Clarification, CSR funds, health infrastructure

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1 lakh portable oxygen concentrators to be procured from PM cares fund(28.04.2021)

500 more PSA oxygen plants, based on technology developed by DRDO, sanctioned under PM CARES The Oxygen Concentrators & PSA Plants will greatly augmen.....

Tags : Portable Oxygen, concentrators, PM CARES fund

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Enhancement of overseas investment limits for Mutual Funds(03.06.2021)

1. The Para 1 of SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/225 dated November 05, 2020 specified the overseas investment limits per Mutual Fund.

Tags : Enhancement, Overseas investment, Mutual Funds

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Guidelines on Investment in Exchange Traded Funds with G Sec Underlying(26.08.2015)

Insurers are permitted to invest in the exhaustive asset classes under the provisions of Insurance Act, 1938, IRDA (Investment) Regulations, 2000, and.....

Tags : Insurance, exchange traded fund

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IGST Export Refunds-Extension in SB005 alternate mechanism and revised processing in certain cases including disbursal of compensation Cess(27.08.2019)

CBIC has issued circulars 05/2018-Customs dated 23.02.2018, 08/2018-Customs dated 23.03.2018, 15/2018-Customs dated 06.06.2018 and 40/2018-Customs dat.....

Tags : IGST Export, Refunds, Extension

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RTA inter-operable platform for enhancing investors' experience in Mutual Fund transactions/service requests(26.07.2021)

In order to make it more convenient to the existing and future investors to transact and avail services while invested in Mutual Funds and pursuant to.....

Tags : Inter-operable platform, Mutual Fund, Investors

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Speedy disbursal of pending refund claims of exporters of services(16.11.2015)

The Central Board of Excise and Customs released a Circular outlining its scheme to fast track sanction of refunds of accumulated CENVAT credit to exp.....

Tags : Cenvat credit, fast track, refund

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Companies (Acceptance of Deposits) Second Amendment Rules, 2015(15.09.2015)

The Ministry of Corporate Affairs notified amendment to Rule 2(i)(c)(viii) of the Companies (Acceptance of Deposits) Rules, 2014. Aside from being per.....

Tags : Company, director, funds, give, declaration

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IRDA clarifies provisions for refund of premium on repudiation of policy(28.10.2015)

The Insurance Regulatory Development Authority of India has released clarifications pursuant to amendment of Section 45 of the Insurance Act, 1938. Th.....

Tags : Insurance, clarifications, section 45, refund, misrepresentation

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IGST Refund to exporters - CBEC directs officers to do it through existing refund route(10.10.2017)

WITH the GST Council recommending immediate disbursal of refund to exporters the CBEC explored the possibility with the Chief Controller of Accounts b.....

Tags : IGST, Refund, Exporter

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Refund of IGST paid on export of goods under Rule 96 of CGST Rules 2017(09.10.2017)

As you are aware, Rule 96 of the CGST Rules 2017 deals with refund of Integrated Tax paid on goods exported out of India. It provides that the shippin.....

Tags : Goods, Export, Refund

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Employees to be able to make EPF claims directly(01.12.2015)

The Ministry of Labour and Employment has notified that employees whose Aadhaar and bank account details have been seeded in their activated Universal.....

Tags : Employee, provident fund, attestation, claim

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Central Government hereby specifies the pension fund in respect of the eligible investment made in India(03.08.2021)

1. In exercise of powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (4.....

Tags : Pension fund, Specified person, Eligible investment

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Creation of segregated portfolio in mutual fund schemes(07.11.2019)

1. In partial modification to SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2018/160 dated December 28, 2018 on 'Creation of segregated portfolio in mutual .....

Tags : Segregated portfolio, Mutual fund schemes, Creation

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General guidelines for implementation of e-payment of excise refund and rebate(12.01.2016)

The Central Board of Excise and Customs has prescribed procedure for e-payment of refund and rebate. The procedure is hoped to speed transfer of funds.....

Tags : Excise, e-payment, refund, rebate, authorised banks

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Procedure to claim refund in FORM GST RFD-01 subsequent to favourable order in appeal or any other forum(03.10.2019)

Doubts have been raised on the procedure to be followed by a registered person to claim refund subsequent to a favourable order in appeal or any other.....

Tags : Refund, Claim, Procedure

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Income Tax Rules on Fund Manager regime(15.03.2016)

The Central Board of Direct Taxes released the Income-Tax (5th Amendment) Rules, 2016 providing guidelines for the application of Section 9A of the In.....

Tags : Fund manager, offshore, income tax

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Circular on Mutual Funds(18.03.2016)

The Securities and Exchange Board of India notified amendments to increase.....

Tags : Mutual fund, transparency, disclosure, offer documents

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Government amended IEPFA Rules, 2016, to simplify refund of claims(09.12.2019)

The Investor Education & Protection Fund (Accounting, Audit, Transfer and Refund) Rules 2016 have been amended vide GSR No.571 (E) dated 14.8.2019 to .....

Tags : IEPFA Rules, Amendment, Refund claims, Simplification

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Deposits made under the Senior Citizens Welfare Fund shall bear interest at 3.35%(23.11.2021)

It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affa.....

Tags : Deposits, Welfare Fund, Interest

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Registering NBFCs to become simpler(17.06.2016)

The Reserve Bank of India resolved to simpli.....

Tags : nbfc, registration, simplified process, public funds

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Central Government notifies a debt raised from the Special Window for Affordable and Middle-Income Housing Investment Fund(19.03.2020)

In exercise of the powers conferred by clause (15) of section 5 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereb.....

Tags : Investment fund, Debt, Special Window

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Remittance of Refund Amounts to Investors of PACL(10.10.2018)

SEBI in compliance of the order dated February 02, 2016 of the Hon'ble Supreme Court of India in the matter of Subrata Bhattacharya V. Securities and .....

Tags : Remittance, Refund Amounts, Investors

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Nomination for Mutual Fund Unit Holders(15.06.2022)

In order to bring uniformity in practices across all constituents in securities market, the following is decided in case of nomination for eligible Mu.....

Tags : Nomination, Mutual Fund, Unit Holders

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Central Government specifies the sovereign wealth fund as the specified person for the purposes of clause (b) of Explanation 1 to section 10(23FE) of the Income-tax Act, 1961(27.06.2022)

In exercise of powers conferred by sub-clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 o.....

Tags : Sovereign wealth fund, Specified person, Provision

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Central Government hereby specifies the sovereign wealth fund, namely, the CDC Group Plc as the specified person for the purposes of clause (23FE) of Section 10 of the Income-Tax Act, 1961(13.05.2021)

1. In exercise of the powers conferred by sub-clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 196.....

Tags : Sovereign wealth fund, Specified person

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Addendum to SEBI Circular on Development of Passive Funds(28.07.2022)

1. This has reference to SEBI circular No. SEBI/HO/IMD/DOF2/P/CIR/2022/69 dated May 23, 2022 on "Development of passive funds". The provisions of the .....

Tags : Addendum, Development, Passive Funds

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CBIC provides facilitation for exporters having IGST refund issues(22.02.2021)

The Central Board of Indirect Taxes and Customs (CBIC) has extended the time limit for sanction of pending IGST refunds in such cases where records ha.....

Tags : Facilitation, Exporters, IGST refund

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Clarification on spending of CSR funds for awareness and public outreach on COVID-19 vaccination programme(13.01.2021)

1. In continuation to this Ministry's General Circular No. 10/2020 dated 23.03.2020 wherein it was clarified that spending of CSR funds for COVID-19 i.....

Tags : Clarification, Spending, CSR funds

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Notification regarding pension fund 2589555 Ontario Limited(13.10.2022)

In exercise of powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 o.....

Tags : Notification, Pension fund, Investment

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Government to Amend EPF Scheme, 1952 to Enable EPF Members to Withdraw upto 90 Percent Fund for Purchase of House(16.03.2017)

The Government has taken a decision for modification in the Employees' Provident Funds (EPF) Scheme, 1952 to add a new paragraph 68 BD under which a m.....

Tags : EPF scheme, Amendment, Fund, Withdrawl

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Manner of processing and sanction of IGST refunds(28.11.2022)

1. Attention is invited to Standard Operating Procedures (SOPs) for verification of risky exporters and their suppliers dated 23.01.2020 issued to CGS.....

Tags : Processing, Sanction, IGST refunds

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EPFO beneficiaries to get payment through electronic or digital fund transfer system(18.05.2017)

The Ministry of Labour & Employment vide notification dated 4th May 2017 has provided for electronic or digital fund transfer / payment of EPF benefit.....

Tags : EPFO beneficiaries, Payment, Digital fund transfer system

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Participation of Mutual Funds in Commodity Derivatives Market in India(21.05.2019)

1. A copy of the Gazette Notification No. SEBI/LAD-NRO/GN/2019/011 dated April 26, 2019 on Amendments to SEBI (Mutual Funds) Regulations, 1996 is encl.....

Tags : Participation, Mutual Funds, Commodity Derivatives Market

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News

EPFO Decides to Give Interest on Inoperative Accounts from April 1(30.03.2016)

Employees' Provident Fund Organisation (EPFO) has decided to give benefit of accrual of interest on the inoperative accounts, reversing the decision t.....

Tags : Employees' Provident Fund Organisation , Inoperative Accounts

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EPFO Stays New PF Withdrawal Norms Till April 30(04.04.2016)

Employees Provident Fund Organisation (EPFO) has deferred till April 30, implementation of new norms that restrict 100 per cent withdrawal of providen.....

Tags : Employees Provident Fund Organisation , New PF Withdrawal Norms

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CESTAT: Refund of Unutilised Credit Can't Denied if Amount Voluntarily Debited/Credited in GSTR-3B(20.01.2020)

Customs Excise and Service Tax Appellate Tribunal, Mumbai has held that the refund of unutilized credit cannot be denied if the Assessee voluntarily d.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Refund of Unutilised Credit

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CESTAT, Kolkata: Service Tax Refund Can Be Claimed on Basis of Monthly Consolidated STTG Certificate(20.01.2020)

Customs Excise and Service Tax Appellate Tribunal has ruled that the Service Tax Refund can be claimed on the basis of monthly consolidated Service Ta.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Service Tax Refund

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Kerala High Court Makes Appeal to Advocates for Contributing to Corpus Fund(28.01.2020)

Kerala High Court has directed the Central Government to deposit an amount of Rs 1.5 Crores within 15 days in the State-level corpus fund which is mai.....

Tags : Kerala High Court, Contribution to Corpus Fund

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Securities Appellate Tribunal Provides Relief to Religare Finvest in Fund Diversion Case(30.01.2020)

Securities Appellate Tribunal has given relief to Religare Finvest, an arm of Religare Enterprises, in a fund diversion case, involving erstwhile prom.....

Tags : Securities Appellate Tribunal, Religare Finvest, Fund Diversion Case

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SC Suspends Direction on National Disaster Mitigation Fund(02.08.2016)

SC has suspended its direction to Centre for creation of National Disaster Mitigation Fund to tackle drought-like situation in certain states, saying .....

Tags : SC , National Disaster Mitigation Fund

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Madras High Court Creates Environmental Fund to Deposit Costs(02.07.2018)

Madras High Court has said that an Environmental Fund be put in place so that voluntary contributions by litigants and court costs may be used for mea.....

Tags : Madras High Court, Environmental Fund

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Supreme Court Issues Notice to Centre Over Foreign Funding to BJP, Congress(03.07.2018)

Supreme Court has issued notice to central government on a petition challenging retrospective amendments made to the Foreign Contribution Regulation A.....

Tags : Supreme Court, Foreign Funding

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Allahabad HC Denies Bail to UPPCL Director in Provident Fund Investment Scam Case(08.04.2020)

Allahabad High Court has rejected the bail plea moved by Director (Finance) of the Uttar Pradesh Power Corporation Limited (UPPCL) in connection with .....

Tags : Allahabad High Court, Provident Fund Investment Scam Case

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Finance Ministry Issues Directions to Clear Pending Income Tax Refunds(09.04.2020)

Finance Ministry has unveiled a raft of measures to ensure availability of cash in the system, including speeding up of held-up refunds worth Rs 18,00.....

Tags : Finance Ministry, Pending Income Tax Refunds

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MCA Clarifies Corporate Contributions Towards Relief Funds Not to Qualify as CSR Expenditure(13.04.2020)

Union Ministry of Corporate Affairs has clarified that contributions made to the Chief Minister's Relief Fund or State Relief Fund for COVID-19 do not.....

Tags : Ministry of Corporate Affairs, Contributions Towards Relief Funds

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Central Board of Direct Taxes: IT Department to Pay Interest on TDS Refund(27.04.2016)

Central Board of Direct Taxes has issued directive and said that Income Tax department will now add interest amount to a delayed refund made on excess.....

Tags : Central Board of Direct Taxes , TDS Refund

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CESTAT, Bangalore: Collection of Contribution to Build Corpus Fund Liable to Pay Service Tax(24.02.2020)

Customs Excise & Service Tax Appellate Tribunal (CESTAT), Bangalore has held that the collection of contribution to building a corpus fund to secure t.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Collection of Contribution to Build Corpus Fund

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CESTAT, Chennai: No Denial of Refund of Cenvat Credit for Premises Being Unregistered(24.02.2020)

Customs Excise and Service Tax Appellate Tribunal (CESTAT), Chennai has held that the refund of input Cenvat credit cannot be denied for the reasons o.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Denial of Refund of Cenvat Credit

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Securities and Exchange Board of India Allows Direct Sales of Mutual Funds on Exchanges(27.02.2020)

Securities and Exchange Board of India has allowed investors to directly use the infrastructure of stock exchanges to purchase and redeem units direct.....

Tags : Securities and Exchange Board of India, Direct Sales of Mutual Funds on Exchanges

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Delhi HC Issues Notice on Plea for NIA Probe into Funding of Anti-CAA Protests(28.02.2020)

Delhi High Court has issued notices in a plea asking for the National Investigation Agency to investigate the funding and sponsoring of protests again.....

Tags : Delhi High Court, Funding of Anti-CAA Protests

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Gujarat HC Permits to File Refund Application as Chilling and Packaging of Milk is Exempted(28.02.2020)

Gujarat High Court has permitted the Petitioner to file the refund application as chilling and packaging of milk is exempted under Goods and Service T.....

Tags : Gujarat High Court, Anticipatory Bail, Refund Application

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EPFO Eases UAN Rule for PF Settlement, But Sets Riders(15.07.2016)

Employees Provident Fund Organisation (EPFO) has relaxed provision that requires furnishing of Universal Account Number (UAN) for settlement of claims.....

Tags : Employees Provident Fund Organisation , Universal Account Number

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Bombay HC Grants Bail and Directs Priest to Deposit Amount to CM's Relief Fund(14.05.2020)

Bombay High Court has granted ad-interim bail to a 65-year-old man who performed pooja at a religious ceremony held in Solapur, Maharashtra in presenc.....

Tags : Bombay High Court, Priest to Deposit Amount to CM's Relief Fund

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Madhya Pradesh HC: Condition to Deposit Amount in PM CARES Fund for Bail is Improper(14.05.2020)

Madhya Pradesh High Court has set aside the bail condition imposed by a local Court that the Petitioners should deposit an amount of Rs 25,000/- each,.....

Tags : Madhya Pradesh High Court, Condition to Deposit Amount in PM CARES Fund

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Bombay HC Seeks Centre's Reply on Public Declaration & CAG Audit of PM CARES Fund(15.05.2020)

Bombay High Court has directed the Union of India to file a reply to a Petition filed by a lawyer seeking an audit by the Comptroller & Auditor Genera.....

Tags : Bombay High Court, Audit of PM CARES Fund

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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

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Allahabad HC Directs UP Advocates' Welfare Fund Trustees Committee to Take Loan(20.05.2020)

Allahabad High Court has directed the Trustees Committee, constituted under the Uttar Pradesh Advocates Welfare Fund Act, 1974, to take a loan in case.....

Tags : Allahabad High Court, UP Advocates' Welfare Fund Trustees Committee

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Hyderabad High Court Notices Telangana, Andra Pradesh & TTD over Denial of Endowment Fund(19.10.2016)

Hyderabad High Court has issued notices to Tirumala Tirupati Devasthanam (TTD) and States of Andhra Pradesh and Telangana over petition seeking direct.....

Tags : Hyderabad High Court, Tirumala Tirupati Devasthanam, endowment fund

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Bring ‘Order and Discipline’ in Granting Refunds: Bombay High Court Directs Tax Deptartment(16.10.2018)

Bombay High Court has directed income tax department to bring some order and discipline to granting refunds and also clarified that it is the duty of .....

Tags : Bombay High Court, Refund, Tax Department

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Bombay HC Dismisses Advocate's PIL Seeking Public Declaration of PM CARES Fund(28.08.2020)

Bombay High Court has dismissed a public interest litigation filed by Advocate Arvind Waghmare seeking public declaration of money received for Prime .....

Tags : Bombay High Court, PM CARES Fund

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Allahabad HC Issues Notices on Contempt Plea Against UP Advocates Welfare Funds Trustees Committee(07.09.2020)

Allahabad High Court has issued notices to the Chairman and Secretary of the Uttar Pradesh Advocates Welfare Funds Trustees Committee, in a Contempt P.....

Tags : Allahabad High Court, UP Advocates Welfare Fund

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Allahabad HC Issues Notices on Contempt Plea Against UP Advocates Welfare Funds Trustees Committee(07.09.2020)

Allahabad High Court has issued notices to the Chairman and Secretary of the Uttar Pradesh Advocates Welfare Funds Trustees Committee, in a Contempt P.....

Tags : Allahabad High Court, UP Advocates Welfare Fund

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CRIMINAL - Telangana HC Asks Cheating Accused to Donate Rs. 1 Lakh to Sainik Fund and Get Bail(25.02.2019)

Telangana High Court has granted bail to a cheating case accused on the condition of donating Rs. 1 lakh to the Sainik Welfare Fund.

Tags : Telangana High Court, Sainik Welfare Fund.

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MRTP/ COMPETITION LAWS - CCI Clears SoftBank’s 22.44% Stake Buy in Delhivery(28.02.2019)

Competition Commission of India (CCI) has said it has approved acquisition of 22.44 % stake in logistics firm Delhivery by SoftBank Vision Fund.

Tags : Competition Commission of India, Delhivery, SoftBank Vision Fund

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SERVICE - SC Asks CBI to Submit Proof of Doctoring of Evidence by WB Police Commissioner(28.02.2019)

Supreme Court has asked CBI director to furnish proof to substantiate agency's allegation that former Kolkata police commissioner Rajeev Kumar, as hea.....

Tags : Supreme Court, Chit Fund Scam

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DIRECT TAXATION - Omission by CA Reasonable Cause for Not Claiming Refund in Time: Delhi HC(28.02.2019)

Delhi High Court has held that omission on the part of the Chartered Accountant/ auditor would constitute a reasonable cause delay in claiming the ref.....

Tags : Delhi High Court, Omission by CA Reasonable Cause for Not Claiming Refund in Time

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DIRECT TAXATION - Omission by CA Reasonable Cause for Not Claiming Refund in Time: Delhi HC(28.02.2019)

Delhi High Court has held that omission on the part of the Chartered Accountant/ auditor would constitute a reasonable cause delay in claiming the ref.....

Tags : Delhi High Court, Omission by CA Reasonable Cause for Not Claiming Refund in Time

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NCLAT Turns Down Reference Seeking Re-Consideration of Decision in V. Padamakumar Case(23.12.2020)

National Company Law Appellate Tribunal has turned down a reference made by a three-member Bench, seeking re-consideration of the decision in V. Padam.....

Tags : National Company Law Appellate Tribunal, V. Padamakumar v. Stressed Assets Stabilization Fund (SASF) & Anr.

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Gujarat HC Directs Authority to Refund Amount on Bills of Entry for Imported Goods(29.12.2020)

Gujarat High Court has directed the Customs Authority to refund the amount collected as stamp duty on Bills of Entry filed for the imported goods, qua.....

Tags : Gujarat High Court, Refund of Stamp Duty

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Supreme Court Rejects Plea Seeking to Enforce Fundamental Duties of Citizens(24.04.2017)

Supreme Court has refused to entertain a PIL seeking a direction to Centre for implemention of the recommendations of Justice J S Verma committee to b.....

Tags : Supreme Court, fundamental duties

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CCI Approves DHFL’s 50% Stake Sale in Pramerica MF(19.04.2019)

Competition Commission of India (CCI) has given its nod for transaction involving US-based Prudential Financial buying out DHFL’s 50 percent sharehold.....

Tags : Competition Commission of India, DHFL Pramerica Mutual Fund

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Model Code of Conduct Not Applicable to Co-operative Society Not Funded by Government: Gujarat HC(22.04.2019)

Gujarat High Court has held that Model Code of Conduct is not applicable to a co-operative society which is not wholly or partially funded by Governme.....

Tags : Bombay High Court, Model Code of Conduct, Co-operative Society Not Funded by Government

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SC Dismisses Plea Seeking Allocation of Separate Funds for Judiciary(03.03.2021)

Supreme Court has dismissed for non prosecution a Public Interest Litigation filed seeking directions for allocation of separate and adequate funds fo.....

Tags : Supreme Court, Allocation of Separate Funds for Judiciary

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SC Allows Impleading States in PIL Seeking Protection of Migrant Children's Fundamental Rights(09.03.2021)

Supreme Court has allowed impleading the States in the Public Interest Litigation filed by Child Rights Trust seeking directions for protection of the.....

Tags : Supreme Court, Protection of Migrant Children's Fundamental Rights

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SC: Magistrates & Trial Judges Also Have Responsibility in Safeguarding Citizens' Fundamental Right(09.03.2021)

Supreme Court has stated in a judgment in which it emphasized the role of the lower Judiciary in preventing abuse of criminal court process that the M.....

Tags : Supreme Court, Safeguarding Citizens' Fundamental Right

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High Court in the UK dismisses review to make Bridge a sport(15.10.2015)

A High Court in the United Kingdom dismissed a challenge against Sport England’s decision to not make ‘Bridge’ a sport. ‘Bridge’ a popular card game p.....

Tags : Uk, bridge, sport, high court, lottery fund

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Political Funding Law: Supreme Court Seeks Centre, Election Commission's Response(04.10.2017)

Supreme Court while hearing PIL challenging the recent changes in laws on funding of political parties and alleging that they legitimise electoral cor.....

Tags : Supreme Court, Political Funding Law

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Can’t Deny Fundamental Right Of Holding Public Meetings: Madras HC(11.10.2017)

Madras High Court has held that Fundamental Right to hold public meetings cannot be denied merely on the apprehension of a law and order situation ari.....

Tags : Madras HC, Fundamental Right

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Every Writer Has Fundamental Right to Speak: Supreme Court(16.10.2017)

Supreme Court has refused to ban the controversial book Samajika Smugglurlu Komatollu penned by prominent dalit writer and intellectual Kancha Ilaiah,.....

Tags : Supreme Court, fundamental right

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SC: Refund Claim Cannot be Entertained unless Order of Assessment or Self-Assessment is Changed(20.09.2019)

Supreme Court has ruled that the claim for refund under Section 27 of the Customs Act, 1962 cannot be entertained unless the order of assessment or se.....

Tags : SC, Refund Claim

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Delhi HC Seeks Centre's Response on Plea for Declaring PM CARES Fund as State Under Article 12 Delhi(18.08.2021)

Delhi High Court has asked the Centre to file its reply on a petition seeking declaration that PM CARES Fund is "State" under Article 12 of the Consti.....

Tags : Delhi High Court, Declaration of PM CARES FUND as State

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SC to Centre: Make Policy for Providing Relief for Rape Victims(27.05.2016)

Supreme Court has asked Centre to formulate a policy for providing adequate relief to rape survivors while making it clear that having a Nirbhaya Fund.....

Tags : Supreme Court, Centre , Nirbhaya Fund

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SEBI Puts Rules for Mutual Funds to Restrict Redemptions(01.06.2016)

To curtail mutual fund houses' powers to suddenly restrict redemptions from a scheme, markets regulator SEBI has put in place a set of rules and also .....

Tags : SEBI, Mutual funds, Redemption

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Saradha Scam: Supreme Court Refuses to Entertain Bail Plea of Ex-Union Minister(07.06.2016)

Supreme Court has refused to entertain the bail plea of former Union Minister Matang Sinha, arrested in connection with Saradha chit fund scam case, a.....

Tags : Supreme Court, Saradha chit fund scam case, Matang Sinha

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Undue Delay by Courts in Implementing Welfare Schemes Will Defeat its Purpose: Madras HC(21.06.2018)

Madras High Court has held that Employees Provident Fund Act is a welfare statute and courts have to be cautious that the quasi-judicial functions of .....

Tags : Madras High Court, Employees Provident Fund

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Kerala HC Directs CBI Investigation Into Scam Involving Misappropriation from Advocates Welfare Fund(29.12.2021)

Kerala High Court directed a CBI investigation into a scam involving misappropriation of over Rs. 7.5 crores from the Kerala Advocates Welfare Fund. T.....

Tags : Kerala High Court, Scam Involving Misappropriation from Advocates Welfare Fund

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SC Stays Madras HC Order Directing Deposit in CM's Public Relief Fund for Release of Vehicle(04.01.2022)

Supreme Court has stayed a Madras High Court order in so far as it directed deposit of a sum of Rs. 1 lakh, as non-refundable deposit, in the Chief Mi.....

Tags : Supreme Court, Deposit in CM's Public Relief Fund for Release of Vehicle

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SC Dismisses Mahua Moitra's Plea Challenging Exclusion of CM's Relief Fund from CSR(11.08.2020)

Supreme Court has dismissed plea filed by Mahua Moitra which challenged the Centre's circular which states that Chief Minister's Funds or State Relief.....

Tags : Supreme Court, Chief Minister's Funds

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SC: No Occasion for CAG Audit of PM CARES Fund as It is a Public Charitable Trust(19.08.2020)

Supreme Court has observed that there is no occasion for audit of Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund by the C.....

Tags : Supreme Court, Audit of PM CARES Fund

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Gurugram Court rejects Bail Application of 2 CAs’ in Gurugram GST Refund Fraud Case(24.05.2022)

ACJM, Gurugram has rejected the bail applications filed by two Chartered Accountants in the recent GST refund fraud case.

Tags : ACJM, Bail, Chartered Accountant, GST Refund

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CESTAT: Refund of Excess Duty Paid Can’t be Denied for Non-Option of Provisional Assessment(25.05.2022)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has held that the refund of excise duty paid in excess cannot be rejected solel.....

Tags : CESTAT, Refund, Excise, Assessee

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J&K Terror Funding Case: NIA Court Sentences Life Imprisonment to Yasin Malik(26.05.2022)

Special NIA Court, Delhi has sentenced Kashmiri separatist leader Yasin Malik to Life Imprisonment after he was convicted in connection with Jammu & K.....

Tags : NIA Court, Terror Funding, Life Imprisonment

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Delhi Court Refuses Bail to CA, Accused of Making Forged Certificates to Claim GST Refund(27.05.2022)

Patiala House Court has refused to grant bail to the CA who is accused of preparing forged certificates for bogus companies claiming GST refunds.

Tags : Patiala House Court, GST Refund, CA, Forged

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Delhi HC: Right to Represent One's Cause Before Court is Fundamental Right(30.05.2022)

Delhi High Court has observed that the restoration applications are to be dealt with liberally as the right to represent one's cause before a Court is.....

Tags : Delhi High Court, fundamental right

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EPFO Sets Guidelines to Settle Death Claims within Seven Days(02.11.2016)

Employees' Provident Fund Organisation (EPFO) has said that it has issued guidelines to its Field Offices to settle death claims within seven days and.....

Tags : Employees' Provident Fund Organisation, death claims, retirement cases

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Calcutta HC Dismisses CBI’s Plea for Cancellation of Bail to Madan Mitra in Saradha Scam(04.11.2016)

Calcutta High Court has rejected CBI's prayer for cancellation of bail to Trinamool Congress Leader Madan Mitra, an accused in Multi-crore Saradha Chi.....

Tags : Calcutta High Court, Saradha Chitfund, bail

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It cannot be a Compulsion to Contribute to CM’s Flood Relief Fund: Supreme Court(30.10.2018)

Supreme Court has dismissed SLP of Kerala Govt. against the order of Kerala HC which stayed the condition in a Government Order that mandated that gov.....

Tags : Supreme Court, Flood Relief Fund

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Delhi High Court Stays Notice to Jawaharlal Nehru Memorial Fund to Vacate Teen Murti Complex(02.11.2018)

Delhi High Court has stayed the eviction notice given to Jawaharlal Nehru Memorial Fund (JNMF) to vacate the Teen Murti Estate Complex, from where it .....

Tags : Delhi High Court, Jawaharlal Nehru Memorial Fund

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Allahabad HC Denies Bail to Ex-MLA Mukhtar Ansari in Funds Misappropriation Case(14.06.2022)

Allahabad High Court while denying bail to former MLA Mukhtar Ansari n connection with a case over misappropriation of MLA funds, called him a dreaded.....

Tags : Allahabad High Court, Funds Misappropriation, Bail

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Iowa SC: State Constitution Does Not Provide a Fundamental Right to Abortion(22.06.2022)

Supreme Court of the State of Iowa (United States of America) has held that the State Constitution is not a source to claim abortion as a fundamental .....

Tags : Iowa Supreme Court, Abortion, Fundamental Right

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Delhi HC Stays CIC’s 2012 Order to Disclose Institutional Donors Details to PMNRF(16.11.2016)

Delhi High Court has stayed operation of a 2012 order passed by Central Information Commission (CIC) asking Prime Minister's National Relief Fund (PMN.....

Tags : Delhi High Court, Central Information Commission, Prime Minister's National Relief Fund

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Karnataka HC Directs Centre, State to Spread Awareness on Fundamental Duties through Ads(21.11.2016)

Karnataka High Court has asked State and Central Governments to use advertisements to spread awareness on fundamental duties of citizens.

Tags : Karnataka High Court, advertisements, awareness, fundamental duties

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Kerala HC Restrains Revenue from Recovering Amount Refunded as Levy of Service Tax(20.11.2020)

Kerala High Court has restrained the Revenue from recovering the amounts refunded since the levy of service tax on the payment in lieu of foreign agen.....

Tags : Kerala High Court, Amount Refunded as Levy of Service Tax

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Delhi HC Seeks Response from CBIC on Airtel's Plea for Refund of Excess GST(25.11.2020)

Delhi High Court has sought a reply from the Central Board of Indirect Taxes and Customs on Bharti Airtel's plea claiming non-implementation of the De.....

Tags : Delhi High Court, Bharti Airtel, Refund of Excess GST

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SC: Value of Returned Goods is to be Considered for Determining Value for Refund Under Excise Act(06.09.2022)

Supreme Court has held that the value of the returned goods is to be considered for the purpose of determining the value for refund under Section 173L.....

Tags : Supreme Court, Refund, Returned Goods

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SC: Right to Establish Educational Institution is FR, Can't be Restricted by Executive Instruction(16.09.2022)

Supreme Court has held that the right to establish an educational institution is a fundamental right (FR) under Article 19(1)(g) of the Constitution o.....

Tags : Supreme Court, Fundamental Rights, Execution Instruction

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Delhi HC Directs Setting Up of Rare Diseases Fund, Committee & Notification of Policy(23.03.2021)

Delhi High Court has directed the Centre to set up a Rare Diseases Committee, a Rare Diseases Fund and to finalise and notify the National Health Poli.....

Tags : Delhi High Court, Rare Diseases Fund, Committee & Notification of Policy

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Madras HC: ECI Can Put Guidelines to Ensure Public Funds Not Used by Ministers for Campaigning(24.03.2021)

Madras High Court has said the Election Commission of India can put some guidelines in place to ensure that public funds are not brazenly used by mini.....

Tags : Madras High Court, Use of Public Funds for Campaigning

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Patna High Court Asks Govt. to Provide Funds for Educational Institutions' Infrastructure(26.03.2021)

Patna High Court has observed that there is a lack of infrastructure, toilets, etc in girls' educational institutions in Patna, perusing the inspectio.....

Tags : Patna High Court, Funds for Educational Institutions' Infrastructure

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EPFO Eases Withdrawal Rules, Self-declaration to Replace Need for Certificates(28.04.2017)

Employees Provident Fund Organisation (EPFO) has decided to allow individuals to withdraw money for treatment of illnesses, purchase of equipment for .....

Tags : Employees Provident Fund Organisation, Withdrawal Rules

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Chit Fund Scam: SC Asks CBI to Bring Evidence for Seeking Custodial Interrogation of Ex-Kolkata CP(30.04.2019)

Supreme Court has asked CBI to furnish evidence for seeking custodial interrogation of former Kolkata Police Commissioner Rajeev Kumar, who was earlie.....

Tags : Supreme Court, Saradha Chit Fund Scam

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CESTAT, Ahmedabad: Interest of Only Refundable Duty Admissible under Section 11BB(20.04.2021)

Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), Ahmedabad has held that the interest of only refundable duty is admissible under Section .....

Tags : Customs, Excises, Service Taxes Appellate Tribunal, Interest of Refundable Duty

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Karnataka HC Directs Centre, State to Release Funds for Children with Rare Genetic Disease of LSD(26.04.2021)

Karnataka High Court has directed the Government of India to pay a sum of Rs 3 crore and the State Government to pay a sum of Rs 2 Crore to the Indira.....

Tags : Karnataka High Court, Funds for Children with Rare Genetic Disease of LSD

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Sebi Allows Mutual Funds & Portfolio Managers to Invest in Securities Listed in IFSC(29.05.2017)

Sebi has allowed portfolio manager operating in IFSC to invest in securities listed in IFSC, issued by companies incorporated in IFSC, issued by compa.....

Tags : Sebi, Mutual Funds & Portfolio Managers, IFSC

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ITAT, Delhi: Commissioner Sanction Not Required for Contribution towards EPF Under EPF Act(31.05.2017)

ITAT Delhi has held that approval by Commissioner of Income Tax is not a mandatory requirement to allow deduction of contribution towards EPF under se.....

Tags : ITAT Delhi, Income Tax Act, Employees provident Fund Act

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Govt Extends Due Date of Transfer of Shares to IEPF Authority, New Dates to Notify Soon(31.05.2017)

Ministry of Corporate Affairs has extended due date of transfer of shares to Investor Education and Protection Fund (IEPF) Authority which earlier was.....

Tags : Ministry of Corporate Affairs, Investor Education and Protection Fund

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Kerala High Court: Student’s Right to Choose College of His/Her Choice is a Fundamental Right(11.06.2019)

Kerala High Court has observed that "When a student feels that he can secure better education in another college and there is no legal bar in exercise.....

Tags : Kerala High Court, Fundamental Right

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Uttarakhand HC: Fundamental Right to Life of Van Gujjars Families Being Violated(26.05.2021)

Uttarakhand High Court has ruled that the fundamental right to life under Article 21 of the Constitution of India, 1949 of Van Gujjars families was be.....

Tags : Uttarakhand High Court, Fundamental Right to Life of Van Gujjars Families

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Supreme Court Seeks Reply in Case of Violation of Foreign Funding Laws by Political Parties(11.08.2015)

Supreme Court has ordered Government to file reply on violation of Foreign Funding laws by Political Parties within 3 weeks.

Tags : Supreme Court, Foreign Funding Laws

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AAR: GST Leviable on Advisory & Management Fees Recd. in Indian Rs. for Services Provided to AIF Fund(21.06.2019)

Maharashtra State Authority for Advance Ruling (AAR) has held that GST is payable on advisory and management fee received by asessee in Indian Rupees .....

Tags : Maharashtra State Authority for Advance Ruling, GST, AIF Fund

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Sikkim High Court Dismisses Plea Alleging Misappropriation of Covid-19 Funds(17.06.2021)

Sikkim High Court has dismissed a Public Interest Litigation seeking enquiry into alleged misappropriation of funds under Covid-19 package provided to.....

Tags : Sikkim High Court, Misappropriation of Covid-19 Funds

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Karnataka High Court Issues Notice on MBBS Graduates' Plea Against Govt Notification(17.06.2021)

Karnataka High Court has issued notice to the State Government and other respondents on a batch of petitions filed challenging the notification issued.....

Tags : Sikkim High Court, Misappropriation of Covid-19 Funds

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SC Asks CBI to Accelerate Investigation in Multi-Crore Rupee Chit-Fund Scam Cases(01.12.2015)

Supreme Court has asked CBI to accelerate its investigation in multi-crore rupee chit-fund scam cases against Seashore group of companies in Odisha.

Tags : Supreme Court , multi-crore rupee chit-fund scam cases , Seashore group of companies

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Supreme Court on Nirbhaya Fund: Put System in Place(25.09.2017)

Supreme Court has expressed displeasure over disbursal of the Nirbhaya Fund and said that an “unhappy state of affairs” prevails on the issue since th.....

Tags : Supreme Court, Nirbhaya Fund

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RBI Amends Investment, Trading Rules for Banks(26.09.2017)

Reserve Bank of India (RBI) has barred banks from investing in category III Alternative Investment Funds, specified norms for their participation in c.....

Tags : Reserve Bank of India, Alternative Investment Funds

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Govt: NRIs Not Having Indian Bank Accounts to get Income Tax Refund in Foreign Bank Account(26.07.2017)

Government has said that Income Tax Refunds will be credited to Foreign Bank Account also for Non-Residents who is not having bank account in India.

Tags : Income Tax Refunds

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Karnataka High Court: Good Roads and Footpaths are Fundamental Rights of Citizens(02.08.2019)

Karnataka High Court has in a landmark verdict that gives major relief to citizens suffering from bad roads in Bengaluru and other parts of the State.....

Tags : Karnataka High Court, Fundamental Rights

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Gujarat High Court: Pay Up Interest for Delay in Paying GST Refunds(05.08.2019)

Gujarat High Court has asked the authorities to pay interest for delay in paying GST refunds. The authorities were asked to pay the interest at the ra.....

Tags : Gujarat High Court, GST Refunds

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CESTAT, Bangalore Allows Refund of Cenvat Credit as Transition Merely an Error(05.07.2021)

Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Bangalore has allowed the refund of cenvat credit as the transition of refund amount mer.....

Tags : Customs, Excise, and Service Tax Appellate Tribunal, Refund of Cenvat Credit

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CBDT Extends Time to Process Refunds in Non-Scrutiny Cases for Assessment Year 2017-18(07.07.2021)

Central Board of Direct Taxes has extended the time for processing refunds in non-scrutiny cases for assessment year 2017-18 up to 30th September, 202.....

Tags : Central Board of Direct Taxes, Process Refunds in Non-Scrutiny Cases for Assessment Year 2017-18

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SAT Sets Aside SEBI Approval to Set up SRO for MF Distributor(04.11.2015)

Securities Appellate Tribunal (SAT) has set aside an approval granted by Securities and Exchange Board of India (SEBI) to Institution for Mutual Fund .....

Tags : Securities Appellate Tribunal, Securities and Exchange Board of India, Institution for Mutual Fund Intermediaries, Self-Regulatory Organization

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Calcutta HC Puts Madan Mitra under House Arrest in Saradha Chit Fund Scam(06.11.2015)

Calcutta High Court has ordered that Bengal transport and Sports Minister, Madan Mitra, an accused in the Rs 2,500-crore Saradha Chit Fund scam, to be.....

Tags : Calcutta High Court , Bengal transport and Sports Minister, Madan Mitra, Saradha Chit Fund scam

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Supreme Court Overrules M P Sharma & Kharak Singh(24.08.2017)

Supreme Court has overruled eight-judge bench judgment in M P Sharma case and six-judge bench judgment in Kharak Singh case -both of which had ruled t.....

Tags : Supreme Court, fundamental right, Right to Privacy

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Supreme Court Announces its Verdict, Holds Privacy a Fundamental Right(24.08.2017)

Supreme Court has ruled that privacy is a fundamental right because it is intrinsic to the right to life. The 9 Judge bench also said that right to pr.....

Tags : Supreme Court, fundamental right, Right to Privacy

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Delhi HC Directs Centre to Immediately Notify Crowd Funding Platform for Treatment of Rare Diseases(15.07.2021)

Delhi High Court has directed the Union Ministry of Health and Family Welfare to immediately launch a dedicated online crowdfunding platform for colle.....

Tags : Delhi High Court, Crowd Funding Platform for Treatment of Rare Diseases

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Delhi HC Directs CBSE to Consider Plea Seeking Refund of Exam Fee of Cancelled Board Examination(15.07.2021)

Delhi High Court has asked CBSE to consider as representation a petition for refund of fees collected by the authority for conducting class 12th Board.....

Tags : Delhi High Court, Refund of Exam Fee of Cancelled Board Examination

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Delhi HC Issues Notice on Appeal Challenging Extension of Benefits of Advocate Welfare Fund(19.08.2021)

Delhi High Court has issued notice on an appeal filed by the Delhi Government, challenging a single judge order for extension of benefits under CM Adv.....

Tags : Delhi High Court, Extension of Benefits of Advocate Welfare Fund

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CIC Orders Compensation to RTI Applicants for Wrongful Delay(14.12.2015)

Central Information Commission (CIC) has awarded compensation to applicants fighting for information on their salary dues and slammed the respective o.....

Tags : Central Information Commission , provident fund/salary

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PFRDA Switches to PAN for Online Enrolment Under NPS Scheme(21.12.2015)

Pension Fund Regulatory and Development Authority of India (PFRDA) has started using PAN instead of Aadhaar for validation of new customers who can no.....

Tags : Pension Fund Regulatory and Development Authority of India, National Pension System (NPS) scheme

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RBI Allows Banks to Extend Non-Fund Based Credit(08.01.2016)

Reserve Bank of India (RBI) has allowed banks to extend non-fund based credit, not the usual form of normal loans and thereby lifted the old age ban.

Tags : Reserve Bank of India, non-fund based credit

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PF Body Removes 5-Day Grace Period for Contribution by Employers(11.01.2016)

Employees' Provident Fund Organisation (EPFO) has removed the grace period of five days given to employers to deposit the Provident Fund (PF) contribu.....

Tags : Employees' Provident Fund Organisation, Provident Fund (PF) contribution

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SEBI Raises Norms for MF Investment in Corporate Debt(12.01.2016)

Securities and Exchange Board of India (SEBI) has tightened norms for investment by debt-oriented Mutual Fund (MF) plans and introduced caps on how mu.....

Tags : Securities and Exchange Board of India , Mutual Fund

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CESTAT, Delhi Sanctions Refund of CVD and SAD Paid u/s 142 of GST(28.09.2021)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has sanctioned refund of Countervailing Duty (CVD) and Special Additional Duty (SAD.....

Tags : Customs, Excise and Service Tax Appellate Tribunal, Refund of CVD and SAD

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CBDT Extends Time Period for Processing Income Tax Returns with Refund Claims(01.10.2021)

Central Board of Direct Taxes (CBDT) notified the extension of the time period for Processing returns with refund claims beyond prescribed time limits.....

Tags : Central Board of Direct Taxes, Income Tax Returns with Refund Claims

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Karnataka High Court: Limitation Period Not Applicable for Refund of Service Tax(06.10.2021)

Karnataka High Court has held that the limitation period is not applicable for refund of service tax wrongly paid on late payment charges (LPC).

Tags : Karnataka High Court, Refund of Service Tax

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Calcutta HC Grants Interim Bail to Chairman Gautam Kundu in Rose Valley Chit Fund Scam(09.08.2021)

Calcutta High Court has granted interim bail to Gautam Kundu, the former Chairman of the Rose Valley group of companies who had been arrested in conne.....

Tags : Calcutta High Court, Rose Valley Chit Fund Scam

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CBDT Notifies Determination of Income of Specified Fund of Units Held by Non-Residents(11.08.2021)

Central Board of Direct Taxes (CBDT) has inserted Rule 21AJ under Income-tax Rules, 1962 which provides for the determination of income of a specified.....

Tags : Central Board of Direct Taxes, Determination of Income of Specified Fund of Units Held by Non-Residents

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SC Issues Notice to KIMS in Wife Plea Seeking Release of Money from PM Cares Fund(12.08.2021)

Supreme Court has issued notice to Krishna Institute Of Medical Sciences Limited (KIMS) in a wife's plea seeking the release of approximately 1 crore .....

Tags : Supreme Court, Release of Money from PM Cares Fund

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EPFO Raises Rate Marginally to 8.8% for FY16(17.02.2016)

Employees' Provident Fund Organisation (EPFO) has marginally raised interest rate on retirement savings to 8.80% for 2015 -16 from 8.75% last year but.....

Tags : Employees' Provident Fund Organisation, interest rate on retirement savings

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Kerala High Court: Technical Glitches Not to Hinder Grant of Tax Refunds(21.10.2021)

Kerala High Court has ruled that technical glitches should not stand in the way of ultimate grant of relief by way of refund to taxpayers. The Court h.....

Tags : Kerala High Court, Grant of Tax Refunds

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Labour Ministy to Cut Cos' EPFO Coverage Threshold to 10 Workers From 20(02.02.2016)

Labour Ministry, in order to provide social security to additional 50 lakh workers under retirement fund body Employees' Provident Fund Organisation (.....

Tags : Labour Ministry, Employees' Provident Fund Organisation

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Rajya Sabha Clears Chit Funds (Amendment) Bill, 2019(29.11.2019)

Rajya Sabha has cleared the Chit Funds (Amendment) Bill, 2019 to streamline operations of collective investment schemes or chit funds with the aim to .....

Tags : Rajya Sabha, Chit Funds

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CBDT Issues Guidelines for Granting Exemption to Foreign Wealth Funds and Pension Funds(28.10.2021)

Central Board of Direct Taxes (CBDT) has issued guidelines for granting an exemption under section 10(23FE) of the Income Tax Act, 1961 to Foreign Wea.....

Tags : Central Board of Direct Taxes, Exemption to Foreign Wealth Funds and Pension Funds

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Telangana HC Upholds Validity of Section 15 of the Telangana Advocates' Welfare Fund Act, 1987(01.11.2021)

Telangana High Court has upheld the Section 15 of the Telangana Advocates' Welfare Fund Act, 1987 which debars advocates who have crossed the age of 3.....

Tags : Telangana High Court, Telangana Advocates' Welfare Fund Act, 1987

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I-T Department Notifies Rules Relaxing Norms on Foreign Fund Managers(17.03.2016)

Income-Tax Department has notified rules relaxing certain earlier conditions governing foreign fund managers in a bid to encourage them to move to Ind.....

Tags : Income-Tax Department , foreign fund managers

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Delhi HC Stays Restriction that Refund Period Cannot be Spread across Two Financial Years(31.01.2020)

Delhi High Court has stayed the Paragraph 8 of Circular No. 125/44/2019-GST dated 18.11.2019 which restricted that Refund Period cannot be spread acro.....

Tags : Delhi High Court, Restriction, Refund Period

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SEBI Issues Guidelines for Alternative Investment Funds Benchmarking(07.02.2020)

Securities and Exchange Board of India has issued guidelines for benchmarking the performance of alternative investment funds with a view to streamli.....

Tags : SEBI, Alternative Investment Funds

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Supreme Court: Reservations for Jobs, Promotions not Fundamental Right(10.02.2020)

Supreme Court has said that quotas and reservations for promotions for government jobs is not a fundamental right. The top court said it could not com.....

Tags : Supreme Court, Fundamental Right, Reservations

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PFRDA Eases Exit Process, Allows Online Exit from NPS Scheme from April 1(05.02.2016)

Pension Fund Regulatory and Development Authority (PRFDA), in order to make exit process easier under the National Pension System (NPS), has allowed .....

Tags : Pension Fund Regulatory and Development Authority, NPS

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SEBI Issues Framework for Core Settlement Guarantee Fund(06.01.2020)

Securities and Exchange Board of India has come out with a new framework for a Core Settlement Guarantee Fund and liability of non- defaulting members.....

Tags : SEBI, Core Settlement Guarantee Fund

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Foreign Funds Case: Supreme Court Asks Indira Jaising, Anand Grover to Reply(14.11.2019)

Supreme Court has sought response from NGO Lawyers Collective and its founding members Anand Grover and Indira Jaising on a plea by the Central Bureau.....

Tags : Supreme Court, Foreign Funds Case

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Lok Sabha Passes Chit Funds (Amendment) Bill, 2019(21.11.2019)

Lok Sabha has passed the Chit Funds (Amendment) Bill, 2019 that seeks to streamline operations of chit funds in India and protect the interests of inv.....

Tags : Lok Sabha, Chit Funds (Amendment) Bill, 2019

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Madras High Court Warns Greater Chennai Corporation Over Waterlogging Issue(10.11.2021)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai, while directing the Goods and services tax (GST) refund to Service Provider rul.....

Tags : Customs, Excise and Service Tax Appellate Tribunal, Claiming GST Refund

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CBIC Notifies Procedure for Refund of Excise Duty on Purchase of Petrol or Diesel(12.11.2021)

Central Board of Indirect Taxes and Customs (CBIC) has notified the Procedures for a refund of excise duty on the purchase of petrol or diesel or fuel.....

Tags : Central Board of Indirect Taxes and Customs, Refund of Excise Duty on Purchase of Petrol or Diesel

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SEBI Notifies Rules on Co-Investment Made by Investors of Alternative Investment Funds(15.11.2021)

Securities and Exchange Board of India (SEBI) has notified the Securities and Exchange Board of India (Alternative Investment Funds) (Fifth Amendment.....

Tags : Securities and Exchange Board of India, Investors of Alternative Investment Funds

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Sebi : Venture Capital Funds Can Now Invest 25% in India-Linked Firms(05.10.2015)

Sebi in order to boost entrepreneurship and prevent Indian firms shifting their businesses to foreign countries, has allowed Alternative Investment Fu.....

Tags : Sebi,Venture Capital Funds

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SEBI Tightens Norms for Liquid Funds(23.09.2019)

Securities and Exchange Board of India (SEBI) as part of its attempts to strengthen the risk management framework for liquid funds has made it mandato.....

Tags : SEBI, Liquid Funds

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Supreme Court Upholds Priya Blue Industries Case Mandating Amendment to Original Order of Assessment(25.09.2019)

Supreme Court has ruled that a person aggrieved by any order of assessment has to get it modified under Section 128 of Central Excise Act, 1944 or oth.....

Tags : Supreme Court, Refund

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Bombay High Court Refuses Rs 28 Lakh Fee Refund to Girl who Breaches Norms(30.09.2019)

Bombay High Court has declined to provide any help to the teenage girl, who first took admission in a medical course and suddenly gave it up and sough.....

Tags : Bombay High Court. Fee Refund

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SEBI Permits Mutual Funds to Invest in Unlisted NCDs(03.10.2019)

Securities and Exchange Board of India has permitted mutual funds to invest in unlisted non-convertible debentures (NCDs) up to a maximum of 10 per ce.....

Tags : SEBI, Mutual Fund

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EPFO Tightens PF Withdrawal Norms(29.02.2016)

Retirement fund body EPFO has tightened norms on withdrawal of provident fund as well investment of such amount in Varishtha Pension Bima Yojana. Now,.....

Tags : EPFO, withdrawal of provident fund

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Madras High Court Denies Advance Bail(26.08.2016)

Madras High Court Bench has denied anticipatory bail to four former directors of Rajakkamangalam Benefit Fund in Kanyakumari district in a case booked.....

Tags : Madras High Court, Rajakkamangalam Benefit Fund

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Delhi HC Issues Notice on Plea Challenging Denial of Police Custody Extension for Three Accused(03.01.2022)

Delhi High Court has issued notice on the plea filed by National Investigation Agency (NIA) challenging a Trial Court order which had rejected its app.....

Tags : Delhi High Court, Jammu and Kashmir Terror Funding Case

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SC: Fundamental Right to Travel Cannot be Denied for Arraignment as Accused(17.01.2022)

Supreme Court has observed that the fundamental right of personal liberty to travel abroad cannot be denied to a person only because he is arrayed as .....

Tags : Supreme Court, Fundamental Right to Travel

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Bombay HC Quashes Order of Assistant CGST Commissioner Refusing Refund of GST(17.01.2022)

Bombay High Court has quashed and set aside an order of the Assistant Commissioner of CGST refusing refund of GST paid by a private export company on .....

Tags : Bombay High Court, Order refusing Refund of GST

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Labour Ministry Eases Norms on Employees' Provident Fund Withdrawals(19.04.2016)

Labour Ministry has eased the planned restriction on withdrawal of contribution to the employees' provident fund and said withdrawal can be allowed fo.....

Tags : Labour Ministry, Provident Fund Withdrawals

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P&H HC Issues Notice on Plea Against PMO's RTI Response Denying PM CARES Fund Details(29.11.2021)

Punjab and Haryana High Court has issued a notice to the Chief Information Commission for its failure to decide the 2nd appeal against the order of de.....

Tags : Punjab and Haryana High Court, RTI Response Denying PM CARES Fund Details

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Calcutta HC Directs to Conduct Enquiry Into Alleged Misappropriation of MGNREGA Funds(18.01.2022)

Calcutta High Court has directed the District Magistrate, Purba Medinipur to conduct an enquiry into the alleged defalcation of funds allocated under .....

Tags : Calcutta High Court, Misappropriation of MGNREGA Funds

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Calcutta HC Directs Conduct of Enquiry into Alleged Misappropriation of Govt Scheme Funds(20.01.2022)

Calcutta High Court has directed the District Magistrate, South 24 Parganas to conduct an enquiry into the alleged misappropriation of funds allocated.....

Tags : Calcutta High Court, Alleged Misappropriation of Govt Scheme Funds

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Uttarakhand HC Stays Operation of Circular Inhibiting Refund Claims(24.01.2022)

Uttarakhand High Court has stayed the operation of a Circular issued by the Revenue Authorities, to the extent it inhibits refund claims for a period .....

Tags : Uttarakhand High Court, Refund Claims

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Kerala HC Enquires on Progress of Crowd Funding Scheme for Patients with Rare Disease(27.01.2022)

Kerala High Court has directed the Centre and State to file affidavits within a month indicating inter alia the progress of the crowd funding scheme s.....

Tags : Kerala High Court, Crowd Funding Scheme, Patients with Rare Disease

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Delhi Court Remands Khurram Parvez & Two Others To NIA Custody in Alleged Terror Funding Case(22.02.2022)

Delhi Court has remanded human rights activist Khurram Parvez and two others namely Muneer Ahmad Kataria and Arshid Ahmad Tonch to NIA custody till Fe.....

Tags : Delhi Court, Terror Funding Case

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Telangana HC: Dispute Regarding Non-Refund of Money is Of Civil Nature(24.02.2022)

Telangana High Court has reiterated that the dispute regarding non-refund of money is of civil nature. For criminal prosecution under the offence of c.....

Tags : Telangana High Court, Non-Refund of Money

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EPFO: 8.16% Extra Benefit to Pensioners if They Defer Withdrawal(23.06.2016)

Employees' Provident Fund Organisation (EPFO) has said that pensioners who defer withdrawal of pension for two years after reaching the age of 58 year.....

Tags : Employees' Provident Fund Organisation (EPFO), pension

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Delhi High Court Judges Differ on Whether PM Relief Fund is 'Public Authority'(28.05.2018)

Delhi High Court has delivered a split judgment on the issue of whether the Prime Minister’s National Relief Fund (PMNRF) is a ‘public authority’ with.....

Tags : Delhi High Court, PM Relief Fund

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Supreme Court: NGOs Cannot be Denied Foreign Funds(09.03.2020)

Supreme Court has observed while ruling that the bar under the Foreign Currency Regulation Act, 2010 applied only to political parties that the Govern.....

Tags : Supreme Court, Foreign Funds

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NCDRC Directs Builder to Compensate Homebuyers for Delay in Refund of Maintenance Deposit(14.02.2022)

National Consumer Disputes Redressal Commission has ordered a refund of the refundable maintenance along with delay compensation at 6% for the Flat Ow.....

Tags : National Consumer Disputes Redressal Commission, Refund of Maintenance Deposit

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SC Dismisses Plea Seeking Utilization of West Bengal CM Relief Fund for Migrant Workers(20.05.2020)

Supreme Court has dismissed a plea seeking the Top Court's intervention for directions seeking utilising a portion of the State of West Bengal's Chief.....

Tags : Supreme Court, Utilization of West Bengal CM Relief Fund

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CESTAT Directs Central Excise Dept. to Reconsider Refund of Cenvat Credit to Tata Consumer Products(14.03.2022)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore has directed the Central Excise Department to reconsider the refund of cenvat c.....

Tags : Customs, Excise and Service Tax Appellate Tribunal, Refund of Cenvat Credit , Tata Consumer Products

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ITAT, Dehradun: Interest on Income Tax Refund Not on Permanent Establishment Not Business Income(14.03.2022)

Income Tax Appellate Tribunal, Dehradun has ruled that interest on income tax refund received by a foreign enterprise is not effectively connected to .....

Tags : Income Tax Appellate Tribunal, Interest on Income Tax Refund

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SEBI Clarifies Regarding Transactions in Mutual Funds Facilitated by Online Platforms(16.03.2022)

Securities and Exchange Board of India has clarified regarding transactions in mutual funds facilitated by online platforms. The Board has said paymen.....

Tags : Securities and Exchange Board of India, Transactions in Mutual Funds

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Telangana High Court Directs to Refund Service Tax Collected on Purchase of Immovable Property(14.02.2020)

Telangana High Court has held that service tax does not apply to the purchase of immovable property including an undivided share of land, directing a .....

Tags : Telangana High Court, Refund of Service Tax

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Delhi HC: Employee of BRO Has No Fundamental Right to Claim Deputation to Another Organization(07.02.2022)

Delhi High Court has held that an employee of the Border Roads Organisation has no fundamental right to claim a deputation to any other Organisation o.....

Tags : Delhi High Court, Fundamental Right to Claim Deputation

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SEBI Exempts Offshore Funds from Submitting Physical Forms(20.03.2020)

Securities and Exchange Board of India has provided exemptions for off-shore funds from submitting physical forms in wake of the Corona outbreak, allo.....

Tags : Securities and Exchange Board of India, Offshore Funds

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Delhi HC Directs CPC to Determine And Process Refund Due to LG Under a Rectification Order(02.03.2022)

Delhi High Court has directed the Central Processing Centre to determine and process the refund due to LG Electronics in accordance with the law afte.....

Tags : Delhi High Court, LG Electronics, Refund

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ITAT, Bangalore: Employee Contribution to Provident Fund Before ITR Eligible for Deduction(03.03.2022)

Income Tax Appellate Tribunal (ITAT), Bangalore has ruled that an Employee contribution to Provident Fund (PF)/ Employee State Insurance (ESI) before .....

Tags : Income Tax Appellate Tribunal, Employee Contribution to Provident Fund

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Bombay HC Rejects Plea to Utilize Money in 'Indigent Patient Fund' for Patients(27.05.2020)

Bombay HC has rejected a Petition seeking directions to the State to allow withdrawal of funds meant for patients belonging to the economically weaker.....

Tags : Bombay High Court, Indigent Patient Fund

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Allahabad HC: Refund Application Under GST Cannot be Rejected on Grounds of Delay(16.03.2022)

Allahabad High Court has observed that the refund application under the Goods and Service Tax (GST) cannot be rejected merely on the ground of delay.

Tags : Allahabad High Court, Refund Application Under GST

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SEBI Relaxes Valuation Norms for Mutual Funds(24.04.2020)

Securities and Exchange Board of India has relaxed valuation norms on money and debt market instruments held by mutual funds in the wake of the loan m.....

Tags : Securities and Exchange Board of India, Mutual Funds Valuation Norms

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SC Issues Notice on Plea Seeking Full Refund for Flight Tickets Cancelled During Lockdown(27.04.2020)

Supreme Court has issued notice in a plea seeking appropriate directions to airlines for a full refund of the ticket amount in relation to all flights.....

Tags : Supreme Court, Refund for Flight Tickets

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Punjab & Haryana HC: Fundamental Right to Travel Abroad Can be Controlled by Imposing Conditions(29.03.2022)

Punjab and Haryana High Court has stated that the petitioner has a fundamental right to travel abroad, which can be controlled by imposing certain sit.....

Tags : Punjab and Haryana High Court, Fundamental Right, Right to travel abroad

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SC Allows Airlines & Stakeholders to File Reply to Centre's Proposals on Flight Tickets(10.09.2020)

Supreme Court has granted 10 days to airlines and other stakeholders to file their reply to the Centre's affidavit stating that tickets booked by pass.....

Tags : Supreme Court, Refund of Flight Tickets

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SEBI Modifies NAV Rules for Mutual Funds(18.09.2020)

Securities and Exchange Board of India (SEBI) has asked mutual funds to uniformly apply net asset value (NAV) across schemes upon realisation of funds.....

Tags : Securities and Exchange Board of India, NAV Rules for Mutual Funds

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SC Tells MP Mahua Moitra to Take Up Issue of Exclusion of CM Relief Fund from CSR in Parliament(05.05.2020)

Supreme Court has refused to entertain Member of Parliament, Mahua Moitra's plea challenging the circular issued by Ministry of Corporate Affairs in s.....

Tags : Supreme Court, CM Relief Fund

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Bombay HC Directs Man to Pay to CM Relief Fund for Obstructing Health Workers(07.05.2020)

Bombay High Court has granted bail to a man accused of obstructing a team of health workers constituted for collecting data regarding the pandemic of .....

Tags : Bombay High Court, CM Relief Fund

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SEBI Asks Franklin to Return Money to Investors in 6 Funds(08.05.2020)

Securities and Exchange Board of India has asked Franklin Templeton Mutual Funds to focus on returning the money to investors stuck in six funds as so.....

Tags : Securities and Exchange Board of India, Franklin Templeton Mutual Funds

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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

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Delhi HC: Road Maintenance Concerns Fundamental Rights of Citizens(31.05.2022)

Delhi High Court observed that lack of funds cannot be a valid ground for the State to escape from its duty to maintain public roads, as the same pert.....

Tags : Delhi High Court, Fundamental Rights, public roads

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Madras HC: Assessee to Claim Tax Refund Within 3 Years from Date of Payment(26.04.2022)

Madras High Court has observed that any tax collected without authority would indeed amount to unfair enrichment and the assessees must claim a tax re.....

Tags : Madras High Court, three years, tax refund

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SC Seeks Opinion of Centre, States on Plea to Make Sports Fundamental Right(27.04.2022)

Supreme Court has sought the view of the Centre and state governments on a proposal that physical literacy or sports be recognised as a fundamental ri.....

Tags : Supreme Court , physical literacy, fundamental right, 90 minutes

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CESTAT, Bangalore: Refund Can’t be Rejected for Non-Submission of Invoices by Original Authority(29.04.2022)

Customs, Excise & Service Tax Appellate Tribunal, Bangalore has ruled that refund can’t be rejected for non-submission of invoices before original aut.....

Tags : Customs, Excise & Service Tax Appellate Tribunal, invoices, refund

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SEBI to MFs: Disclose Absolute Commission Paid to Agents(21.09.2016)

Securities and Exchange Board of India (SEBI), with an aim to bring in greater transparency in dealings of mutual funds, markets regulator, has asked .....

Tags : Securities and Exchange Board of India , Mutual Fund

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Delhi HC Seeks Government Reply on CAG Audit Citing Misuse of Workers’ Funds(15.07.2020)

Delhi High Court has asked the Aam Aadmi Party Government to reply to Comptroller and Auditor General’s audit findings on irregularities in a cess fun.....

Tags : Delhi High Court, Misuse of Workers’ Funds

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Allahabad HC: Using Loudspeakers In Mosque Not A Fundamental Right(06.05.2022)

Allahabad High Court by rejecting an application seeking permission for playing loudspeaker/mike in the mosque has held that the use of loudspeakers f.....

Tags : Allahabad High Court, fundamental right, loudspeakers, mosques

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Supreme Court Junks PIL on PM-CARES Fund(14.04.2020)

Supreme Court has dismissed a public interest litigation (PIL) challenging the setting up of a separate relief fund, PM-CARES Fund to receive donation.....

Tags : Supreme Court, PM-CARES Fund

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RBI Announces Safeguards for Funds Raised via TLTRO Mechanism(16.04.2020)

Reserve Bank of India (RBI) has set a threshold on the deployment of funds raised by a bank through the Targeted Long Term Repo Operations (TLTRO) at .....

Tags : RBI, Safeguard for Funds

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Aviation Ministry Directs Airlines to Give Full Refund for Cancellation of Flight Tickets(17.04.2020)

Ministry of Civil Aviation has directed the airlines to give full refund to the customers seeking cancellation of the flight tickets booked, both dome.....

Tags : Ministry of Civil Aviation, Refund to Customers

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Saradha Chit Fund : SC Extends Interim Order Restraining ED from Summoning Nalini Chidambaram(17.09.2018)

SC has extended its interim order restraining the Enforcement Directorate from summoning Nalini Chidambaram, wife of former finance minister P. Chidam.....

Tags : Supreme Court, Nalini Chidambaram, Saradha Chit Fund Case

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Denial of Passport Affects Fundamental Rights: Delhi High Court(17.09.2018)

Delhi High Court has held that the denial of a passport or its non-renewal affects the fundamental rights guaranteed under the Constitution.

Tags : Delhi High Court, Passport, Fundamental Rights

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Delhi HC Takes Cognizance of UAPA Against Activist Khurram Parvez & Others In Terror Funding Case(16.05.2022)

Delhi High Court took cognizance under Unlawful Activities (Prevention) Act (UAPA) and other offences against Kashmiri human rights activist Khurram P.....

Tags : Delhi High Court, Cognizance, Terror Funding Case

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ITAT: No Disallowance of PF/ESI Contributions on Account of Delay in Deposit(20.05.2022)

Income Tax Appellate Tribunal ( ITAT ), Delhi Bench has held that no disallowance of provident fund and Employees State Insurance contributions on acc.....

Tags : Income Tax Appellate Tribunal, Disallowance, Provident Fund, Delay in Deposit

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ITAT: Commission Earned on Distribution of Indian Mutual Fund Outside India is Not Taxable(10.06.2022)

Income Tax Appellate Tribunal (ITAT) has held that commission earned on distribution of Mutual Funds schemes of an Indian fund outside India cannot be.....

Tags : ITAT, Mutual Funds, Distribution

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#Major Changes Implementing From Today: 5% Tax to be Levied on Foreign Fund Transfer(01.10.2020)

Any amount sent abroad to buy foreign tour packages, and every other foreign remittance made above Rs.7 Lakhs, will attract a tax-collected-at source .....

Tags : Foreign Fund Transfer, Tax Collected at Source

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Karnataka HC Directs State Bar Council to Set Apart Funds for Clerks(01.10.2020)

Karnataka High Court has directed the Karnataka State Bar Council to set apart a reasonable amount out of the Rs 5 Crore state grant given to it for t.....

Tags : Karnataka High Court, Funds for Clerks

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Kar. Consumer Forum Orders BYJU's to Refund Fees to Student Over Failure to Provide Proper App(11.07.2022)

Karnataka District consumer forum has directed BYJU to refund fees of a student who alleged that the Ed-tech company did not provide him with a proper.....

Tags : Karnataka District Consumer Forum, BYJU, Refund

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ITAT: CSR Expenses, Contribution to CM’s Relief Fund Eligible for Income Tax Exemption(11.07.2022)

Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the CSR expenses incurred by the Company and the contribution towards CM’s Relief Fund.....

Tags : ITAT, CSR Expenses, CM’s Relief Fund, Exemption

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SC: SDRF Cannot be Diverted, Revert to SDRF Diverted Amount(12.07.2022)

Supreme Court has held that money from the State Disaster Response Fund (SDRF) cannot be diverted or used for any other purpose and it would be proper.....

Tags : Supreme Court, State Disaster Response Fund, Diverted

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Kerala HC Stays Single Judge Bench Direction to State to release Funds to KSRTC(01.09.2022)

Kerala High Court has stayed the order passed by single judge bench directing the state to release funds to KSRTC to clear salary dues of its employee.....

Tags : Kerala High Court, KSRTC, Funds

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SC Seeks Centre’s Reply over Fund Allocation for Judicial Infrastructure(30.11.2016)

Supreme Court has sought details after the Centre said that 14th Finance Commission had approved allocation of Rs 9,749 crore last year to be released.....

Tags : Supreme Court, Fund Allocation, Judicial Infrastructure

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Chit Fund Scam: NCLT Orders Winding up of 13 Saradha Group Companies(13.12.2018)

National Company Law Tribunal (NCLT) has ordered winding up of 13 companies of the now-defunct Saradha Group and official liquidator has also been dir.....

Tags : NCLT, Chit Fund Scam

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SC Allows Petitioner to Move to Appropriate Forum in Plea Against Diversion of Fund by Centre(16.10.2020)

Supreme Court has granted liberty to withdraw and move appropriate forum in a Public Interest Litigation against the diversion and mis-utilization of .....

Tags : Supreme Court, Diversion of Fund by Centre

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Delhi HC Directs Delhi Government to Release Funds for Requirements of District Courts(22.10.2020)

Delhi High Court has directed the Delhi Government to release funds for requirements of District Courts starting with funds for purchasing 20% of the .....

Tags : Delhi High Court, Release Funds for Requirements of District Courts

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Bombay High Court asks DCIT to pay Cost of Rs. 1.5 Lakhs for Illegal Denial of Refund(03.01.2019)

Bombay High Court has recently imposed a fine of 1.50 lakhs on the Deputy Commissioner of Income Tax for not granting refund.

Tags : Bombay High Court, DCIT, Illegal Denial of Refund

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Delhi HC Directs AAP Government to Release Funds to Four DU Colleges(05.11.2020)

Delhi High Court has directed the Aam Aadmi Party government to release funds to four Delhi University colleges, fully funded by it, to enable them to.....

Tags : Delhi High Court, Delhi University, Release of Funds

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SC: Citizens Should Approach High Courts First for Enforcing Fundamental Rights(17.11.2020)

Supreme Court has said that it wished to discourage petitions under Article 32 in the Court for enforcement of fundamental rights and said that citize.....

Tags : Supreme Court, Enforcing Fundamental Rights

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Delhi HC Dismisses Zahoor Watali's Appeal Against Denial of Bail on Ground of Covid-19(23.08.2022)

Delhi High Court has dismissed appeal filed by Kashmiri businessman Zahoor Ahmad Shah Watali challenging the Trial Court order denying him bail last y.....

Tags : Delhi High Court, Bail, Terror Funding

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Supreme Court: Service Tax cannot be Levied on Chit Fund Business(10.07.2017)

Supreme Court has categorically held that chit fund business are not subject to service tax as it was not covered by sub-clause (v) of sub-section 12 .....

Tags : Supreme Court, Chit Fund Business

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Madras High Court: Refund to be Granted Only to Person Who Paid Duty(20.05.2021)

Madras High Court has held that the refund be granted only to a person who paid duty if an ultimate consumer cannot be identified as the amount to be .....

Tags : Madras High Court, Refund

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Delhi HC Pulls Up AAP Over Funds for Hiring Judicial Support Staff(28.10.2020)

Delhi High Court has pulled up the Aam Aadmi Party Government for making the subordinate judiciary “run from pillar to post” to get funds sanctioned f.....

Tags : Delhi High Court, Funds for Hiring Judicial Support Staff

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Madras HC: Remarried Widow Entitled to Receive Provident Fund Amount(21.12.2016)

Madras High Court has held that a widow is entitled to receive amount that had accumulated in Provident Fund account of her late husband even if she h.....

Tags : Madras High Court, Remarried Widow, Provident Fund

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Madras HC Directs TNSTC to Pay Compensation Amount Via Electronic Fund Transfer(26.12.2016)

Madras High Court has devised a new methodology to ensure that Tamil Nadu State Transport Corporation (TNSTC) does not delay payment of compensation i.....

Tags : Madras HC, TNSTC, compensation, electronic fund transfer

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Saradha Chit Fund Scam: Madras HC Grants Nalini Chidambaram Interim Protection from Arrest(14.01.2019)

Madras High Court has granted Nalini Chidambaram interim protection from arrest by the CBI in the Saradha chit fund case till she obtains regular anti.....

Tags : Madras High Court, Saeadha Chit Fund Scam, Nalini Chidambaram

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Delhi HC Asks Petitioners to Approach CVC Regarding Alleged Misuse of Funds by Delhi Govt Hospitals(14.01.2019)

Delhi High Court has asked two advocates to place before the Central Vigilance Commission (CVC) their petition against alleged misappropriation/misuse.....

Tags : Delhi High Court, Misuse of Funds by Delhi Govt Hospitals

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Gujarat Court Denies Bail to Teesta Setalvad And RB Sreekumar in Fabrication of Evidence Case(01.08.2022)

Gujarat Court while denying bail to Teesta Setalvad & RB Sreekumar in case of fabrication of evidence in relation to 2002 Gujarat riots larger conspir.....

Tags : Gujarat Court, Gujarat Riots Larger Conspiracy, Monetary Fund

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Supreme Court Asks Centre to Act Against NGOs Misusing Public Funds(11.01.2017)

Supreme Court has directed Government to audit nearly 30 lakh NGOs which received public funds but consistently failed to explain how they spent money.....

Tags : Supreme Court, NGOs, Public Funds

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Supreme Court Asks If AAP Govt Diverted 900 Crore From Workers’ Fund(16.01.2017)

Supreme Court has sought answers on a PIL which has accused Arvind Kejriwal-headed AAP Government in Capital of illegally diverting Rs 900 crore from .....

Tags : Supreme Court , AAP government, Building Construction Workers' Welfare Fund

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NGT Directs PIL Filer to Disclose Source Of Litigation Funding(17.01.2019)

National Green Tribunal has warned a serial Public Interest Litigant of consequences including debarment, if he fails to disclose the source of fundin.....

Tags : NGT, Source Of Litigation Funding

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SC: Failure to Inform Accused About Hearing of Appl. for Ext. of Time for Investigation Violates FR(26.09.2022)

Supreme Court has held that the failure to produce the accused before the Court at the time of consideration of the application for extension of time .....

Tags : Supreme Court, Fundamental Rights, Extension of Time

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Bombay HC Seeks Details of Utilisation of CM’s Relief Fund for Past 8 Years from State Government(07.04.2017)

Bombay High Court has directed State Government to file affidavit detailing the utilisation of CM’s Relief Fund from the year 2008-2009 onwards.

Tags : Bombay High Court, CM’s Relief Fund

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Madras HC Questions Commissioner on Stopping of Vehicle Collecting Funds for Ram Temple(26.02.2021)

Madras High Court has summoned the Commissioner of Police, Madurai, to appear before it on 1st March, 2021 to answer as to why even after the Court ha.....

Tags : Madras High Court, Funds for Ram Temple

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Kerala HC: Funds for Tribal People Under Various Schemes Not to be Diverted(26.02.2021)

Kerala High Court has ordered that funds available under various schemes for tribal people should not be diverted in any manner and they should accord.....

Tags : Kerala High Court, Funds for Tribal People

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Kerala HC: Right to Consume Alcohol is a Not Fundamental Right(18.01.2017)

Kerala High Court has dismissed a challenge against Government’s Liquor Policy, observing that laws prohibiting alcoholic drinks will not fall foul of.....

Tags : Kerala High Court, Liquor Policy, alcoholic drinks, fundamental rights

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CRIMINAL - Saradha Chit Fund Scam: Calcutta HC Grants Interim Protection to Nalini Chidambaram from Arrest(19.02.2019)

Calcutta High Court has granted interim protection to Nalini Chidambaram, wife of former Union Finance Minister P Chidambaram, from arrest by CBI for .....

Tags : Calcutta High Court, Saradha Chit Fund Scam

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#Union Budget 2021-2022: Late Deposit of Contributions Not Allowed as Deductions to Employers(01.02.2021)

Finance Minister has reiterated that late deposit of contributions will not be allowed as deductions to employers, taking notice that some employers d.....

Tags : Finance Minister, Union Budget, Provident Fund Deductions

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Madras HC Directs Fresh Inquiry into Allegations of Misappropriation of CSI Funds(02.02.2021)

Madras High Court has directed the Registrar of Companies to conduct a fresh inquiry into allegations of misappropriation, mismanagement and misfeasan.....

Tags : Madras High Court, Misappropriation of CSI Funds

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Show Proof that West Bengal Govt. Blocked Probe: SC to CBI(05.02.2019)

Supreme Court has told CBI that if CBI will produce evidence of Kolkata police commissioner or any authority in West Bengal destroying evidence or thw.....

Tags : Supreme Court, CBI, chit fund scam

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SC Rejects Plea to Monitor Probe in Saradha Chit Fund Scam(12.02.2019)

Supreme Court has declined plea for monitoring by court of investigations in Saradha Chit Fund scam.

Tags : Supreme Court, Sharda Chit Fund Scam

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Kerala HC: State's Appeal Against Order Directing it to Release Funds to KSRTC Infructuous(30.09.2022)

Kerala High Court while dismissing State government’s appeal against an order directing it to release funds for KSRTC, has held that the appeal is inf.....

Tags : Kerala High Court, KSRTC, Funds

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Delhi HC Orders Shifting of Kashmiri Separatist Leader to AIIMS After Cancer Diagnosis(06.10.2022)

Delhi High Court has directed RML Hospital and Tihar Jail authorities to ensure that the Kashmiri separatist leader Altaf Ahmad Shah, who has been in .....

Tags : Delhi High Court, Kashmiri Separatist, Terror Funding

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SC Astounded by Plea to Declare Fundamental Rights as Unconstitutional(11.10.2022)

Supreme Court while rejecting a petition seeking a declaration that the Fundamental Rights enshrined in Part III of the Constitution were ultra vires .....

Tags : Supreme Court, Fundamental Rights, Unconstitutional

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Delhi HC Directs IGST Refund After Deducting Differential Amount of Duty Drawback(11.10.2022)

Delhi High Court has directed the department to grant IGST refund paid on the goods exported after deducting the differential amount of duty drawback.

Tags : Delhi High Court, IGST, Refund

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Government Allows EPF Members to Move Retirement Savings From EPF to NPS(08.03.2017)

Government has allowed members of Employees' Provident Fund (EPF) option to move their retirement savings to National Pension System (NPS) giving effe.....

Tags : Government, Employees' Provident Fund, National Pension System

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Govt Eases General Provident Fund Norms, Now Withdrawal Possible Within 15 Days(09.03.2017)

Government has relaxed norms for withdrawal of General Provident Fund (GPF) enabling employees to receive payments within 15 days, and also making it .....

Tags : Union Government, General Provident Fund

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Supreme Court: PF Authorities Have No Authority Over Exempted Authorities(14.03.2017)

SC has held that once an establishment is covered under any one of excepted category under Section 16 of Employees’ Provident Funds and Miscellaneous .....

Tags : Supreme Court, Employees’ Provident Funds and Miscellaneous Provisions Act

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CBIC Extends Sanction for Pending IGST Refund Claims on GSTR-1 and GSTR-3B(18.02.2021)

Central Board of Indirect Taxes and Customs (CBIC) has notified the extension of Sanction for pending Integrated Goods and Services Tax refund claims .....

Tags : Central Board of Indirect Taxes and Customs, Pending IGST Refund Claims

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SC: Parties Who Privately Settle Disputes u/s 89 CPC Also Entitled to Refund of Court Fee(19.02.2021)

Supreme Court has held that the parties who privately agree to settle their dispute outside the modes contemplated under Section 89 of the Code of Civ.....

Tags : Supreme Court, Refund of Court Fees

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Delhi HC Declines to Issue Notice on Plea Seeking Declaration of PM CARES Fund as "State"(10.03.2021)

Delhi High Court has said that it was not inclined to issue notice on a plea seeking declaration of the Prime Minister's Citizen Assistance and Relief.....

Tags : Delhi High Court, Declaration of PM CARES Fund as "State"

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NCDRC to TATA Housing: Refund Entire Amount Paid for Flat Due to Deficiency in Service(30.12.2022)

National Consumer Dispute Redressal Commission (NCDRC) has directed TATA Housing Development Pvt. Ltd. to refund entire amount deposited by complainan.....

Tags : NCDRC, Refund, Deficiency in Service

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CIVIL - Saradha Chit Fund Case: SC Seeks Response from Airtel, Vodafone to CBI’s Plea(30.03.2019)

Supreme Court has sought a response from telecom service providers Bharti Airtel Ltd. and Vodafone on a CBI plea that they came out with “surprisingly.....

Tags : Supreme Court, Saradha Chit Fund Scam

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SC Sets Aside Bail Granted to J&K Businessman in Terror Funding Case(03.04.2019)

Supreme Court has set aside the Delhi High Court order which granted bail to Jammu and Kashmir based influential businessman Zahoor Ahmad Shah Watali .....

Tags : Supreme Court, Terror Funding Case

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Gauhati HC Seeks State's Response on PIL Alleging Inadequate Funding for Transgender Community(06.04.2021)

Gauhati High Court has sought response from the Assam Government on a petition alleging failure of the state authorities to maintain shelter homes for.....

Tags : Gauhati High Court, Inadequate Funding for Transgender Community

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CDRC: Institute Conducting Physical Classes Can't Force Online Classes on Students(06.02.2023)

Delhi Consumer Dispute Redressal Commission while directing medical coaching institution to refund the entire advance fees paid by a student has held .....

Tags : Consumer Dispute Redressal Commission, Online Classes, Fees, Refund

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Supreme Court Grants Bail to Saradha Chit-Fund Scam Accused(06.02.2017)

Supreme Court has granted bail to Saradha chit-fund scam accused Manoranjana Sinh, who was arrested in October 2015 on suspicions of links with multi.....

Tags : Supreme Court, Saradha chit-fund scam

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Madras HC Seeks Centre Explanation Over TN Drought Relief Fund(09.02.2017)

Madras High Court has directed Centre to explain by March 9 steps it had taken with respect to a plea made by State government to sanction ?39,565 cro.....

Tags : Madras High Court, National Disaster Response Fund, Tamil Nadu

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SEBI Reviews Mutual Fund Advertisement Norms(16.03.2017)

Securities and Exchange Board of India has directed mutual funds to disclose performance of their schemes since inception and during preceding one-yea.....

Tags : SEBI, Mutual Fund Advertisement

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Why Welfare Funds Not Used to Pay Wages: Delhi HC to State(12.04.2019)

Delhi High Court has asked centre and state to explain why funds collected for the welfare of construction workers are not used to pay daily wages dur.....

Tags : Delhi High Court, Welfare Funds, Daily wages

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Bombay HC: Telephonic/Email Communications No Substitute For In-Person Hearing(18.03.2021)

Bombay High Court has ruled that telephonic or email communications could not be a substitute for the right of a personal hearing in a Goods and Servi.....

Tags : Bombay High Court, GST Refund Claim

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EPFO Introduces Common Form For Withdrawals(22.02.2017)

Employees' Provident Fund Organisation (EPFO), has introduced a new window for its subscribers to submit their claim forms directly to body without at.....

Tags : Employees' Provident Fund Organisation

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SC: Validity of E-Voting Process for Winding Up of Franklin Templeton's 6 Mutual Fund Schemes Upheld(12.02.2021)

Supreme Court has negated all objections and upheld the validity of e-voting process for winding up of six mutual fund schemes of Franklin Templeton. .....

Tags : SC, Mutual Fund

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SC: Courts Can’t Grant Refund if it is Not Specifically Prayed for in Specific Performance Suit(15.12.2022)

Supreme Court has held that unless a plaintiff specifically seeks the refund of the earnest money at the time of filing of the suit or by way of amend.....

Tags : Supreme Court, Specific Performance Suit, Refund

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SEBI Allows Investment up to Rs 50,000 in Mutual Funds Through E-wallets(11.05.2017)

Sebi has allowed investors to buy mutual fund schemes for up to Rs 50,000 through digital wallets.

Tags : SEBI, Mutual Fund

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MP High Court Says 'No' to Judicial Review U/A 226 If Fundamental Rights Not Infringed(12.05.2017)

Madhya Pradesh High Court has held that if fundamental right of aggrieved party is not infringed than it is beyond the scope of judicial review under .....

Tags : Madhya Pradesh High Court, Fundamental Rights

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Delhi HC: Income From Shares/ MFs Trades 'Capital Gain', If Treated as Investment in Past Years(17.05.2017)

Delhi High Court has held that income from trading in shares/mutual funds must be treated as ‘Capital Gain’ if Revenue has been treating the same as i.....

Tags : Delhi High Court, shares/mutual funds, capital gain

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Delhi High Court Rejects Businessman's Plea in Terror Funding Case(29.05.2019)

Delhi High Court has rejected the plea of UAE-based businessman Naval Kishore Kapoor challenging consideration of the supplementary chargesheet filed .....

Tags : Delhi High Court, Terror Funding

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Delhi HC Appoints Justice Sikri to Oversee Funds Utilization in ISSF Shooting World Cup 2023(20.01.2023)

Delhi High Court while appointing retired Supreme Court judge, Justice Arjan Kumar Sikri, as Administrator to oversee utilization of funds in upcoming.....

Tags : Delhi High Court, ISSF Shooting World Cup, Funds

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