Indiabulls Housing Finance Ltd. vs Ambience Projects And Infrastructure … on 23 December, 2024
Delhi High Court Indiabulls Housing Finance Ltd. vs Ambience Projects And Infrastructure … on 23 December, 2024 Author: C. Hari Shankar Bench: C. Hari Shankar $~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 18 September 2024 Pronounced on: 23 December 2024 + O.M.P.(I) (COMM.) 401/2023, I.As. 4358/2024 & 34878/2024 INDIABULLS […]
RBI penalises Manappuram Finance for non-compliance with KYC norms, ET LegalWorld
The Reserve Bank has imposed a penalty of Rs 20 lakh on Manappuram Finance for non-compliance with certain provisions of Know Your Customer (KYC) norms. The RBI said a statutory inspection of the NBFC (non-banking financial company) was conducted with reference to its financial position as on March 31, 2023 and a notice was issued […]
DGGI identifies 642 online gaming cos for investigation: MoS Finance, ET LegalWorld
As many as 642 offshore entities offering online money gaming have been identified till date for investigation on potential tax evasion, by the Directorate General of GST Intelligence (DGGI), Parliament was informed on Monday. The offshore online gaming entities which have been found non-responsive and non-cooperative during the investigation, have been informed to the Ministry […]
MoS for finance, ET LegalWorld
The government said on Tuesday that capital markets regulator Sebi has “adequate internal mechanisms”, including a disclosure framework and provisions for recusal, to address issues relating to conflicts of interest. In a written reply in the Rajya Sabha, minister of state for finance Pankaj Chaudhary said the Sebi board has adopted a code on conflicts […]
RBI cancels registration of Nagpur-based Zavron Finance, ET LegalWorld
The RBI on Monday said it has cancelled the certificate of registration of Nagpur-based Zavron Finance due to irregular lending practices. Zavron Finance has violated RBI guidelines on code of conduct in outsourcing of financial services in its digital lending operations by outsourcing its core decision-making functions such as credit appraisal, loan disbursal, fixing of […]
Finance ministry official, ET LegalWorld
Concrete steps have been taken to regulate the fintech industry in India as per the Financial Action Task Force’s recommendations to tackle money laundering and terror financing, a central government official said on Wednesday. India is among the few countries that are working on FATF recommendations to regulate the fintech industry, said Vivek Agrawal, additional […]
Shriram City Union Finance Limited vs Assistant Commissioner Of Income Tax on 4 November, 2024
Madras High Court Shriram City Union Finance Limited vs Assistant Commissioner Of Income Tax on 4 November, 2024 Author: Anita Sumanth Bench: Anita Sumanth 2024:MHC:3800 T.C.A.No.191 of 2011 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 04.11.2024 CORAM : THE HONOURABLE DR.JUSTICE ANITA SUMANTH and THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN T.C.A.No.191 of 2011 […]
Finance ministry asks banks to focus on cybersecurity and accelerating pace of lending to agriculture & MSMEs, ET LegalWorld
Concerned over the growing instances of cyber frauds, the finance ministry on Tuesday asked public sector banks (PSBs) to align their digital and cybersecurity frameworks with industry best practices and ensure customer protection and operational continuity as top priorities. During a review meeting chaired by the Department of Financial Services (DFS) Secretary M Nagaraju, discussions […]
Gdr Finance And Leasing Private Limited vs Income Tax Officer, Ward 10(1), New … on 28 October, 2024
Delhi High Court Gdr Finance And Leasing Private Limited vs Income Tax Officer, Ward 10(1), New … on 28 October, 2024 Author: Yashwant Varma Bench: Yashwant Varma * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: October 04, 2024 Judgment pronounced on: October 28, 2024 + W.P.(C) 1968/2023 T.K.S. BUILDERS […]
Muthoot Finance Limited vs The State Of Karnataka on 27 September, 2024
Karnataka High Court Muthoot Finance Limited vs The State Of Karnataka on 27 September, 2024 Author: H.P.Sandesh Bench: H.P.Sandesh -1- NC: 2024:KHC-D:14145 WP No. 104593 of 2024 C/W WP No. 101584 of 2024 WP No. 104538 of 2024 WP No.105010 of 2024 IN THE HIGH COURT OF KARNATAKA, DHARWAD BENCH DATED THIS THE 27 TH […]