Tags : Deposits, Release, Commercial bank
Application for setting aside the sale can be made only after deposit of purchase money(25.02.2020)
Present civil appeal is filed by the Appellants, aggrieved by the judgment and order passed in Letters Patent Appeal by the High Court. It is contende.....
Tags : Purchase money, Deposit, Time period
Appeal or revision cannot be dismissed solely on ground of failure to pre deposit maintenance amount(14.05.2019)
Petitioner impugns order whereby the Appellate Court has dismissed the appeal of the Petitioner on the ground that, Petitioner has failed to deposit t.....
Tags : Maintenance, Pre-deposit, Arrears
News
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
Statute
Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2015(03.05.2016)
The suggestion period for ‘Tags : Disclosures, Margin obligations, Depository System
Delhi HC: Conditional Order Must be Complied with Strictly(16.05.2025)
Delhi HC while refusing to interefere in Sessions Court’s order forfeiting the fixed deposit of accused for failing to comply with conditions, has sta.....
Tags : Delhi High Court, Sessions Court, Deposit of Accused
ITAT: Cash Deposits Out of Business of Shroff Cannot be Treated as Undisclosed Income(08.07.2022)
Income Tax Appellate Tribunal (ITAT), Rajkot Bench has held that the cash deposits out of business of Shroff cannot be treated as undisclosed income u.....
Tags : ITAT, Cash Deposit, Shroff
Kerala HC: Must Prove Accused is Absconding to Record Witness Deposition(14.01.2022)
Kerala High Court ruled that before recording witness depositions under Section 299 of the Code of Criminal Procedure, it should be established that t.....
Tags : Kerala High Court, Record Witness Deposition
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
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
Madhya Pradesh HC Puts on Hold All Proceedings against IAS Officer in ICD Scam(18.10.2016)
Madhya Pradesh HC has stayed entire proceedings against IAS Officer Sudhi Ranjan Mohanthy in multi-crore Inter-Corporate Deposit (ICD) scam.
Tags : Madhya Pradesh HC, Inter-Corporate Deposit, Scam
Composition and Ownership of Deposits with Scheduled Commercial Banks(11.01.2016)
The Reserve Bank of India released data related to the composition and ownership pattern of deposits with scheduled commercial banks as of March 31, 2.....
Tags : Scheduled banks, deposits, march 2015
Rules are constitutionally valid as framed with an object to curb filing of frivolous public interest litigations or petitions with oblique motive at initial stage itself(11.11.2019)
The Petitioner, who is a practising Advocate of present Court has filed present writ petition under the head of 'Public Interest Litigation'. The cas.....
Tags : Fees, Deposit, Requirement, Legality
#Union Budget 2021-2022: Union Govt Approves Extension of Cover for Deposit Insurance(01.02.2021)
Union Government has approved an increase in the cover for deposit insurance from Rs 1 lakh to Rs 5 lakh for bank depositors, to help depositors in ba.....
Tags : Union Government, Union Budget, Deposit Insurance
SC to Courts/Tribunals: Mandatorily Deposit Amounts Deposited by Parties With Registry in Bank(01.02.2023)
Supreme Court has directed all Courts and Tribunals to frame guidelines in cases where amounts are deposited with office/registry of court/tribunal, t.....
Tags : Supreme Court, Deposits, Registry
SC: NCDRC Can Direct Deposit of Entire or More Than 50% Amount Determined by SCDRC for Stay(08.12.2021)
Supreme Court has held that the National Consumer Disputes Redressal Commission (NCDRC) can direct the deposit of the entire amount or more than 50% o.....
Tags : Supreme Court, Deposit for Conditional Stay
Framework for acceptance of Green Deposits(11.04.2023)
1.Climate change has been recognised as one of the most critical challenges faced by the global society and economy in the 21st century. The financial.....
Tags : Framework, Acceptance, Green Deposits
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
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
Date for seeking comments from stakeholders and public on the Draft Financial Resolution and Deposit Insurance (FRDI) Bill extended till 31st October, 2016(20.10.2016)
The Government of India had invited stakeholder/public comments on the Draft Financial Resolution and Deposit Insurance(FRDI) Bill, 2016 from 28.9.201.....
Tags : Financial Resolution, Deposit Insurance, Comments, Invitation
SC: Condition of Pre-deposit of Fine Cannot be Imposed to Hear Revision Petition Filed by Convict(09.08.2021)
Supreme Court has observed that deposit of fine amount cannot be made a condition precedent for hearing revision petition under Section 397 of the Cri.....
Tags : Supreme Court, Condition of Pre-deposit of Fine
Delhi HC: No Income Tax on Interest Income from FD Till Ownership Determined by Arbitral Tribunal(13.10.2022)
Delhi High Court has held that income tax cannot be levied on the interest income from fixed deposits (FD) till the ownership is determined by the arb.....
Tags : Delhi High Court, Income-Tax, Fixed Deposits
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
SC Dismisses NSEL Plea Challenging Applicability of Maharashtra’s Depositors Protection Law(27.10.2016)
Supreme Court has dismissed a case filed by National Spot Exchange Ltd (NSEL), challenging applicability of Maharashtra Protection of Interest of Depo.....
Tags : Supreme Court, National Spot Exchange Ltd, Depositors Protection Law
SC Upholds State’s Power to Attach Properties of ‘Defaulting’ Financial Establishments(17.05.2017)
Supreme Court has upheld State's power to issue ad interim order u/s 3 of Tamil Nadu Protection of Interests of Depositors Act, 1997, attaching immova.....
Tags : Supreme Court, Tamil Nadu Protection of Interests of Depositors Act, 1997
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
JKL HC: JKSRRDA Exempted from TDS Deduction on interest on Term Deposit Accounts(20.07.2023)
Jammu and Kashmir and Ladakh High Court has held that J&K State Rural Roads Development Agency (JKSRRDA) is exempted from TDS deduction on interest in.....
Tags : Jammu and Kashmir and Ladakh High Court, Term Deposit, TDS Deduction
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
Del. HC: Employee not Responsible for Non-Deposit of Deducted Tax Amount to Government(08.01.2024)
Delhi High Court has held that once the employee has accepted the salary after deduction of Income Tax he has no further control over the tax to be pa.....
Tags : Delhi High Court, Non-Deposit, Tax Amount, Employee
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, GST, Interest Free Security Deposit for Lease
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
SC: Condition of Pre-Deposit Before Filing Appeal is Required to be Satisfied(06.05.2022)
Supreme Court while considering Special Leave Petition where the High Court had held that the requirement of pre-deposit is not mandatory, has observe.....
Tags : Supreme Court, Special Leave Petition, pre-deposit
Union Government: Deposits Above Rs 5,000 in Scrapped Currencies Allowed Once Per Account Till Dec 30(19.12.2016)
Central Government has said that deposits totaling more than Rs 5,000 in scrapped Rs 500 and Rs 1,000 notes can be made only once per account until De.....
Tags : Central Government, Demonetisation, deposits, Rs 500, Rs 1,000, December 30
#Budget2019: Government Raises TDS Threshold on Interest on Deposits(01.02.2019)
Union Finance Minister Piyush Goyal has announced increase in TDS threshold on interest on post office and bank deposits from Rs. 10,000/- to Rs. 40,0.....
Tags : #Budget2019, Budget 2019, Government Raises TDS Threshold on Interest on Deposits
Interest rate of deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(03.04.2019)
It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....
Tags : Deposits, Interest rate, Scheme
SEBI Comes Out with Liberalised Norms for Depository Receipts(11.10.2019)
Securities and Exchange Board of India has come out with a detailed framework for issuance of depository receipts (DRs), a move that will provide Indi.....
Tags : SEBI, Depository Receipts
Kerala HC: Waiving of Statutory Mandate of Pre-Deposit Merely on Plea of Financial Hardships(12.04.2022)
Kerala High Court has observed that the High Court cannot waive the statutory mandate of pre-deposit merely on the plea of financial hardships.
Tags : Kerala High Court, waive, statutory, pre-deposit, financial hardships
Fiji, Niger and Tuvalu deposited instrument of ratification of the Framework Agreement of the International Solar Alliance(26.09.2017)
Fiji, Niger and Tuvalu deposited instrument of ratification of the Framework Agreement of the International Solar Alliance (ISA) in the 5th meeting of.....
Tags : Instrument, Ratification, Deposit, International Solar Alliance
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
CESTAT: Doctrine of Unjust Enrichment Does Not Apply to Payment of Duty by Way of Pre-Deposit(27.06.2022)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Mumbai bench has held that doctrine of unjust enrichment can’t apply to the payment of d.....
Tags : CESTAT, Unjust Enrichment, Pre-Deposit
Court has no discretion to vary the amount required to be deposited before entertaining the application under Section 34 of Arbitration Act(02.09.2021)
In facts of the present case, the parties were engaged in commercial business transactions relating to purchase of readymade denims and shirts by the .....
Tags : Pre-deposit, Direction, Legality
Madras HC: Pre-Deposit Payment Made by Parent Company Amounts to Proper Compliance(22.04.2022)
Madras High Court has observed that the payment of pre deposit made by the parent company having a distinct service tax registration amounts to proper.....
Tags : Madras High Court, pre deposit, service tax, compliance
Lending and Deposit Rates of Scheduled Commercial Banks - November 2023(30.11.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the mo.....
Tags : Lending rates, Deposit Rates, Commercial Banks
SC Allows Disbursal of Funds to Depositors from SEBI Sahara Fund(30.03.2023)
Supreme Court has allowed Centre’s application seeking allocation of ? 5,000 crore out of ? 24,979 crores from SEBI-Sahara Fund to repay the dues of t.....
Tags : Supreme Court, SEBI-Sahara Fund, Sahara Group, Depositors
Introduction of system-driven disclosures in securities market(01.12.2015)
The Securities and Exchange Board of India proposed information disclosure by stock exchanges, depositories and register and share transfer agents thr.....
Tags : Disclosure, stock exchange, depositories, existing system