Search Results for Tag : Deposit

Judgments

DRAT cannot entertain appeal under Section 18 of SARFAESI Act without insisting on pre- deposit(02.03.2020)

The basic facts are that the Respondent No. 1 stood guarantee and mortgaged its property for repayment of loan availed by Respondent Nos. 4 and 5. The.....

Tags : Pre-deposit, Requirement, Entertainment, Appeal

Top Story

Cabinet approves Banning of Unregulated Deposit Schemes Bill, 2019 to curb illicit deposit taking activities(10.07.2019)

The Union Cabinet, chaired by the Prime Minister has approved the banning of Unregulated Deposit Schemes Bill, 2019. The bill will replace the bannin.....

Tags : Bill, Approval, Schemes, Illicit deposit

Mandatory pre-deposit is required to be deposited before Tribunal within 30 days for further benefits(26.05.2020)

Challenge in present appeal is to the order passed by learned Single Judge disposing off the petition granting 30 day's time to the appellant/petition.....

Tags : Pre-deposit, Direction, Legality

Notifications & Circulars

Framework to regulate and oversee co-operative banks and deposits(29.11.2016)

Reserve Bank of India (RBI) regulates and supervises the banking functions of State Cooperative Banks (StCBs)/District Central Cooperative Banks (DCCB.....

Tags : Deposits, Framework, Regulation

Application for waiver of pre-deposit is to be entertained as Petitioners were neither borrowers nor mortgagers or guarantors in respect of loan facility availed by principal borrower(11.10.2019)

The present petition is directed against an order passed by the Debt Recovery Appellate Tribunal ('DRAT'), rejecting the Petitioner's application seek.....

Tags : Pre-deposit, Direction, Legality

Implementation of Circular on 'Margin obligations to be given by way of Pledge / Re-pledge in the Depository System' - Extension(27.05.2020)

1. SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020, specified guidelines with regard to Margin obligations to be given.....

Tags : Implementation, Circular, Depository System

Evidence of attorney is acceptable, where the affairs of a party are looked after by an attorney or a close family member(26.10.2020)

Present civil revision petition has been preferred by the Petitioner-tenant against the orders passed by the Authorities below ordering his ejectment .....

Tags : Ejectment, Deposition, Legality

Implementation of SEBI circular on 'Margin obligations to be given by way of Pledge/Re-pledge in the Depository System'(29.07.2020)

1. SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020, specified mechanism with regard to Margin obligations to be given .....

Tags : Implementation, Margin obligations, Depository System

Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017(14.06.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance.....

Tags : Approval, Bill, Financial Resolution, Deposit Insurance

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

While granting default bail/statutory bail under Section 167(2) of the Code of Criminal Procedure, 1973, condition of deposit of amount cannot be imposed(15.10.2020)

The original accused has preferred the present appeals, feeling aggrieved and dissatisfied with the impugned order, by which the High Court has releas.....

Tags : Bail, Deposit, Condition

President Promulgates Banking Regulation (Amendment) Ordinance, 2020(27.06.2020)

In order to ensure safety of depositors across banks, the President has promulgated the Banking Regulation (Amendment) Ordinance, 2020. The Ordinance.....

Tags : Ordinance, Interest, Depositors

Entire waiver of pre-deposit for filing appeal before DRAT under Section 21 of the Recovery of Debts and Bankruptcy Act, 1993 is impermissible(16.02.2021)

The Appellant is before present Court assailing the order whereby the High Court has permitted Respondents No. 1 and 2 to prosecute the appeal before .....

Tags : Pre-deposit, Waiver, Legality

Tribunal has discretion to grant waiver from pre-deposit by recording reasons which are not necessarily be detailed and exhaustive(07.11.2019)

The present writ petition filed by the Central Board of Trustees EPFO assails the order passed by the Employees’ Provident Fund Appellate Tribunal. Un.....

Tags : Pre-deposit, Waiver, Grant

Supreme Court Takes Cognizance Regarding Time Extension of Depositing 1000 & 500 Rupee Notes(21.03.2017)

The Supreme Court has sought reply from the Central Government on a Public Interest Litigation filed alleging change in government stand of accepting .....

Tags : Notes, Deposits, Time, Extension

Pre-deposit clauses to invoke arbitration struck down by Supreme Court as it makes arbitral process ineffective and expensive(11.03.2019)

In present case, the Respondent issued notice inviting tender for extension and augmentation of water supply, sewerage scheme, pumping station and sew.....

Tags : Arbitral process, Pre-deposit, Clause

RBI issues new Guidelines on Safe Deposit Lockers, Safe Custody Article Facility provided by Banks(18.08.2021)

Reserve Bank of India has reviewed the guidelines issued on the Safe Deposit Locker/Safe Custody Article Facility provided by the banks. The developme.....

Tags : Guidelines, Safe Deposit, Lockers

Requirement of deposit of 75% of the awarded amount as a pre- deposit is mandatory(08.10.2021)

Present appeal is against the impugned judgment and order passed by the High Court, by which the High Court confirmed the order passed by the learned .....

Tags : Pre-deposit, Condition, Legality

National Commission can direct deposit of entire or more than 50% of amount determined by State Commission for stay(07.12.2021)

The original Appellant – builder has preferred the present Appeal against impugned order passed by the National Consumer Disputes Redressal Commission.....

Tags : Pre-deposit, Condition, Jurisdiction

Pre-condition of deposit of twenty percent of the demand can be relaxed in appropriate cases(23.03.2022)

Present writ petition has been filed challenging the orders passed by the Respondents whereby the stay application filed by the Petitioner had been di.....

Tags : Demand, Pre-condition, Deposit

Tax authorities are entitled to grant stay on deposit of amounts lesser than twenty percent of the disputed demand(02.05.2022)

Present writ petition has been filed challenging the orders passed by Respondents No.1 and 2, without considering the submissions made by the Petition.....

Tags : Stay applications, Pre-deposit, Discretion

Deposit of tax during the course of search, inspection or investigation(25.05.2022)

1. During the course of search, inspection or investigation, sometimes the taxpayers opt for deposit of their partial or full GST liability arising ou.....

Tags : Deposit, Tax, Investigation

Court has jurisdiction to extend the time that was initially fixed by it for doing an act(29.07.2022)

Present application moved on behalf of the Petitioners under Section 151 of Code of Civil Procedure, 1908 (CPC) seeking prayer for enlarging time for .....

Tags : Deposit, Time, Extension

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

A conviction can be based on the basis of the deposition of the sole eye witness(14.10.2022)

The State has preferred the present appeals dissatisfied with the impugned judgment and order passed by the High Court by which the High Court has all.....

Tags : Acquittal, Deposition, Legality

Issue of Master Circular by Stock Exchanges, Clearing Corporations and Depositories(20.04.2023)

1. Stock Exchanges, Clearing Corporations and Depositories (hereinafter collectively referred to as 'Market Infrastructure Institutions (MIIs)') commu.....

Tags : Master Circular, Clearing Corporations, Depositories

Reserve Bank releases deposits with Scheduled Commercial Banks - March 2024(04.06.2024)

The Reserve Bank released the web publication 'Deposits with Scheduled Commercial Banks2 - March 20243' on its 'Database on Indian Economy' portal.

Tags : Deposits, Release, Commercial bank

News

AP HC: Prosecution Against Assessee for Belated Deposit of TDS, Quashed(25.06.2024)

Andhra Pradesh High Court while observing that the Commissioner of Income Tax failed to consider material placed by the assessee showing that there wa.....

Tags : Andhra Pradesh High Court, Commissioner of Income Tax, Belated Deposit

RBI Allows Bank to Offer Lower Rate on Matured Fixed Deposits(06.07.2021)

Reserve Bank of India has allowed banks to offer the lower of either the savings deposit rate or fixed deposit rate on matured Fixed Deposits in a bid.....

Tags : Reserve Bank of India, Rate on Matured Fixed Deposits

Specified Bank Notes (SBNs) - Deposit under Guarantee Scheme to decongest the storage facilities at banks(24.11.2016)

As you are aware there is a massive accumulation of SBNs at branches of banks and currency chests putting strain on processing capacities and storage .....

Tags : Guarantee Scheme, Deposits, SBNs

Govt: Specified Notes Confiscated on or before 30.12.2016 Can be Deposited in Any RBI Branch(17.05.2017)

Govt has notified rules regarding deposit of Rs. 1000 and Rs. 500 Currency Notes confiscated on or before 30.12.2016 which makes it possible for enfor.....

Tags : Specified Bank Notes (Deposit of Confiscated Notes) Rules, 2017

Lending and Deposit Rates of Scheduled Commercial Banks - January 2023(31.01.2023)

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of Janua.....

Tags : Lending, Deposit Rates, Commercial Banks

Order under Section 119 of The Income-Tax Act, 1961(13.12.2017)

Due to certain technical issues faced by NSDL's gateway for e-payment of tax on 7th November, 2017, some taxpayers/ deductors were unable to make e-pa.....

Tags : Tax deposit, Due date, Extension

Madras High Court denies anticipatory bail to Subhiksha promoter(18.09.2015)

The Court denied anticipatory bail to R. Subramanian, noting that it had already passed lenient orders in the past in efforts to enable some repayment.....

Tags : Anticipatory bail, depositors, access

Effective date for deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance(10.06.2024)

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....

Tags : Effective date, Deposits, Scheme

RBI Relaxes Deposits Norm of More Than Rs 5,000 in Old Denominations For KYC A/Cs(21.12.2016)

Reserve Bank of India has relaxed its notification, specifying that deposits of over 5000 rupees could be made only after furnishing a satisfactory re.....

Tags : Reserve Bank of India, Old Denominations, Deposits, KYC A/Cs, demonetisation

RBI launches - UDGAM - Centralised Web Portal for searching Unclaimed Deposits(17.08.2023)

The Governor, Reserve Bank of India today launched a Centralised Web Portal UDGAM (Unclaimed Deposits - Gateway to Access inforMation). This portal ha.....

Tags : RBI, Web-portal, UDGAM, Unclaimed Deposits

No GST on Interest Free Security Deposit for Lease: AAR(18.04.2019)

Authority for Advance Rulings (AAR), Maharashtra has held that Goods and Services Tax (GST) cannot be levied on interest free security deposit, given .....

Tags : AAR, Interest Free Security Deposit, GST

TDS Surveys by Income Tax Department unearths huge defaults in deduction and deposit(04.03.2020)

In a major breakthrough, the Tax Deducted at Source (TDS) wing of the Income Tax Department has unearthed default of TDS of Rs. 324 crore in the case .....

Tags : TDS Surveys, Defaults, Deduction, Deposit

ITAT, Ahmedabad: KYC Form is Prima Facie Proof For Address of Account Holder(17.05.2022)

Income Tax Appellate Tribunal, Ahmedabad has ruled that Know Your Customer (KYC) Form is prima facie proof for address of account holder and upholds t.....

Tags : Income Tax Appellate Tribunal, Know Your Customer, cash deposits

Disclosures on Margin obligations given by way of Pledge/ Re-pledge in the Depository System(02.09.2020)

1. Regulation 29 (4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 (herein after referred as "Takeover Regulations") .....

Tags : Disclosures, Margin obligations, Depository System

Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited(14.08.2017)

A reference is invited to para 9 of the Master Direction DNBR. PD.002/03.10.119/2016-17 dated August 25, 2016 on Non-Banking Financial Companies Accep.....

Tags : Rating, Fixed Deposits

Companies (Acceptance of Deposits) Amendment Rules, 2020(07.09.2020)

In exercise of the powers conferred by section 73 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Centr.....

Tags : Acceptance of Deposits, Amendment, Rules

Lending and Deposit Rates of Scheduled Commercial Banks - January 2024(31.01.2024)

Highlights:

Lending Rates:

• The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.32 per cent in Decembe.....

Tags : Lending rates, Deposit Rates, Highlights

Bombay HC: Mandatory Pre-Deposit U/S 129E of the Customs Act Is Constitutional(14.07.2022)

Bombay High Court has held that the fiscal legislation can very well stipulate as a requirement of law a mandatory pre-deposit as a condition preceden.....

Tags : Bombay High Court, Customs Act, Mandatory Pre-Deposit, Constitutional

Lending and Deposit Rates of Scheduled Commercial Banks - September 2023(28.09.2023)

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of Septe.....

Tags : Scheduled Commercial Banks, Lending Rates, Deposit Rates

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

Advances against Term Deposits of Non-members(01.09.2016)

Pursuant to the deliberations in the 32nd Standing Advisory Committee meeting held on December 14, 2015, it has been decided to permit SEBs to grant a.....

Tags : Term deposits, Non-members, Advances

ITAT, Cuttack: Source of Money Cannot be Doubted if Fixed Deposits Are Made Out of Savings(02.05.2022)

Income Tax Appellate Tribunal, Cuttack has observed that the cause of money cannot be doubted if the fixed deposits are made out of the savings of the.....

Tags : Income Tax Appellate Tribunal, fixed deposits, assessee

Statute

Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2015(03.05.2016)