Search Results for Tag : Bank accounts

News

Govt: Aadhaar Mandatory for Opening Bank Accounts, Transactions Over Rs. 50,000(19.06.2017)

Government, through a notification amending a prevention of money laundering law, has made it mandatory to provide Aadhaar to open a bank account and .....

Tags : Government, Bank Accounts

Notifications & Circulars

Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh 'struck off' companies(05.09.2017)

Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 compan.....

Tags : Bank accounts, Companies, 'Struck off'

Non-Residents Not Required to Disclose Their Foreign Bank Accounts: ITAT(26.11.2018)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the non-residents are not required to disclose the details of their foreign bank accounts a.....

Tags : ITAT, Non Residents Bank Accounts

Bombay HC Sets Aside Goods and Services Tax Authority's Order on Power to Attach Bank Accounts(23.01.2020)

Bombay High Court has quashed and set aside an order by the Directorate General of Goods and Services Tax Intelligence holding that the said order of .....

Tags : Bombay High Court, Power to Attach Bank Accounts

SC Allows Caretaker Trust to Operate Bank Accounts Towards Philanthropic Causes(22.10.2020)

Supreme Court has allowed the Maharawal Khewaji Trust that manages the Rs 20,000 Crores worth property of the last ruler of the erstwhile princely sta.....

Tags : Supreme Court, Operation of Bank Accounts

Gujarat HC Set Aside Provisional Attachment of Bank Accounts of Person Accused of Tax Evasion(03.11.2020)

Gujarat High Court has quashed the order for provisional attachment of the five bank accounts of a person accused of tax evasion under Section 74(1) o.....

Tags : Gujarat High Court, Provisional Attachment of Bank Accounts

Delhi HC Directs RBI, SBI to Maintain Status Quo on Reliance Accounts(07.01.2021)

Delhi High Court has directed Reserve Bank of India and State Bank of India to maintain status quo on the classification of Anil Ambani's Reliance Com.....

Tags : Delhi High Court, Reliance Bank Accounts

Madras HC Directs I-T Dept to Attach Bank Accounts of Actor Tadimalla Gautami(24.03.2022)

Madras High Court has directed Income Tax (I-T) department to lift its order attaching six bank accounts of actor Tadimalla Gautami after she pays 25%.....

Tags : Madras High Court, Bank Accounts of Actor Tadimalla Gautami

Finance Ministry Clarifies that Members of Queer Community Can Open Joint Bank Accounts(30.08.2024)

Ministry of Finance has issued a notification clarifying that members of the queer community can open a joint bank account and can also nominate their.....

Tags : Ministry of Finance, Queer Community, Joint Bank Accounts

Allahabad HC: Provisional Attachment of Bank Accounts not Allowed Solely on GST Show Cause Notice(26.09.2025)

Allahabad High Court held that provisional attachment of bank accounts cannot be made solely based on the issuance of a show cause notice under Sectio.....

Tags : Attachment, Bank Accounts, GST, Show Cause Notice

Allahabad HC: Police Can Freeze Accounts on Suspicion; Affected Party May Seek Magistrate’s Relief(03.11.2025)

Allahabad High Court held that police can freeze bank accounts if suspicious transactions are found during investigation, while the affected party has.....

Tags : Suspicion, Bank Accounts, Investigation