Tags : Deposits, Release, Commercial bank
Lending and Deposit Rates of Scheduled Commercial Banks-March 2024(28.03.2024)
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, SCBs
News
Delhi High Court Asks Builders to Deposit 50% of Profiteered Amount(05.03.2020)
Delhi High Court has asked two real estate companies to deposit 50% of the alleged profiteered amount in separate funds, staying the order of National.....
Tags : Delhi High Court, Deposit of Profiteered Amount
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
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
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
NCLT, Delhi: Advanced Deposit Towards Licence Fee Considered as Operational Debt(25.01.2022)
National Company Law Tribunal, Delhi has held that advanced deposit towards license fee would be considered as an Operational Debt and issuance of not.....
Tags : National Company Law Tribunal, Advanced Deposit Towards Licence Fee
RBI reviews instructions relating to interest on overdue domestic deposits(02.07.2021)
Reserve Bank of India (RBI) has issued the review of instructions on Interest on overdue domestic deposits. RBI’s decision to allow banks to offer the.....
Tags : Interest, Deposit, Instruction
Del. HC: Customs Department Can’t Encash Bank Guarantee If Pre-Deposit Already Made in Appeal(13.01.2025)
Delhi High Court has affirmed that if a trader has made a pre-deposit with his appeal against the demand and penalty then the Customs Department canno.....
Tags : Delhi High Court, Bank Guarantee, Pre-Deposit
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
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
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
Central Board of Indirect Taxes and Customs exempts the specific deposits(30.03.2023)
In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and C.....
Tags : Deposits, Exemption, Export
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
Lok Sabha Passes Banning of Unregulated Deposit Schemes Bill, 2019(25.07.2019)
Lok Sabha has passed the Banning of Unregulated Deposit Schemes Bill, 2019 in a bid to save gullible investors from ponzi schemes. The Bill seeks to p.....
Tags : Lok Sabha, Banning of Unregulated Deposit Schemes Bill, 2019
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
Mad. HC Restrains Media from Revealing Identity of Sexual Violence Victims & Publishing Depositions(05.09.2022)
Madras High Court has restrained print and electronic media from publishing details of the victims, their family members, and the witnesses or any mat.....
Tags : Madras High Court, Identity, deposition, Sexual Violence
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
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
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
Central Board of Indirect Taxes and Customs exempts the deposits pertaining to all classes of persons and all categories of goods, from the provisions of section 51A of the Customs Act, 1962(31.05.2022)
1. In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes an.....
Tags : Exemption, deposits, Goods
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
Notification of Interest on deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(04.01.2022)
It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....
Tags : Notification, Interest, Deposits
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
Tel. HC: Can’t Discredit Deposition of Pardanashin Lady, Acquittal Overturned in Murder Case(18.06.2024)
Telangana High Court while overturning the acquittal of accused in a murder case, has held that the deposition of a pardanashin woman cannot be discre.....
Tags : Telangana High Court, Pardanashin Lady, Deposition
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
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
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
Madhya Pradesh HC Rules: Invest Seized Demonetised Notes in FDs(23.12.2016)
Madhya Pradesh High Court has ruled that demonetised currency notes of Rs 1000 and Rs 500 denomination seized in corruption cases and other criminal m.....
Tags : Madhya Pradesh HC, demonetised currency, Fixed Deposits
Tripura HC: Tax Authorities Cannot Revive Repealed VAT Powers or Retain Deposits Without Law(28.11.2025)
Tripura HC held that show-cause notices under Section 77 of the Tripura VAT Act, issued nine years after its repeal post-GST, are arbitrary, illegal, .....
Tags : Tax, VAT, Deposits
Kerala High Court: Deposit of Minimum 20% Fine or Compensation Under Section 148 NI Act Necessary(16.08.2019)
Kerala High Court has ruled that there is no scope for exercise of discretion under Section 148 of the Negotiable Instruments Act, 1881 which empowers.....
Tags : Kerala High Court, Deposit
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
SEBI Tightens IPF Norms for Depositories(08.06.2016)
SEBI has observed that depositories can use the money in their investor protection funds (IPF) only to promote investor education and awareness progra.....
Tags : SEBI, IPF, Depositories
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
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
RBI relaxes LTD guidelines for co-operative banks(07.07.2016)
The Reserve Bank of India relaxed guidelines for raising and redeeming Long Term (Subordinated Deposits by co-operative banks, replacing them instead .....
Tags : long term deposit, cooperative bank, disclosure
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
NSEL subject to provisions of MPID(01.10.2015)
The Bombay High Court dismissed NSEL’s petition against the application of Maharashtra Protection of Interest of Depositors (In Financial Establishmen.....
Tags : Stock exchange, Maharashtra, depositors,
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
HP HC: District Court Must See If the Pre-Deposit Amount is Actually Deposited(28.06.2023)
Himachal Pradesh High Court has held that District Court before staying the execution of an arbitral award using its power under MSME Act, must first .....
Tags : Himachal Pradesh High Court, MSME, Pre-Deposit
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 - 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
SEBI Notifies Winding Down Policy for Depositories(31.05.2016)
Securities and Exchange Board of India (SEBI) has notified new framework for orderly winding down of depositories in the events like a depository goin.....
Tags : Securities and Exchange Board of India, Depositories
#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
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
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
P&H HC Repels Challenge Against Pre-Deposit Condition for Appeal Under Section 43(5) Of RERA(19.10.2020)
Punjab and Haryana High Court has repelled the challenge against the constitutionality of the condition for pre-deposit prescribed under Section 43(5).....
Tags : Punjab and Haryana High Court, Pre-Deposit Condition for Appeal
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
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
EPFO withdraws 5 day grace period for depositing dues(12.01.2016)
Employees Provident Fund Organisation has withdrawn the grace period of five days for depositing dues with effect from February, 2016. The EPFO notes .....
Tags : Epfo, grace period, deposit, dues, 2016
Supreme Court: Money Deposited by Customer in Bank is Not Held as Trustee(28.12.2021)
Supreme Court has observed that the money that is deposited by the customer in the bank is not held by it as a trustee but it becomes a part of the ba.....
Tags : Supreme Court, Money Deposited by Customer in Bank
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
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
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
Cal HC: CESTAT Appeals Abate After Resolution Plan Success; CENVAT Reversal Requires No Pre-Deposit(17.11.2025)
Calcutta High Court upheld the disallowance of ?165 crores CENVAT credit on steel structures, parts, and cement. The court ruled that appeals before C.....
Tags : Appeals, Resolution Plan, Pre-Deposit
SC: Entire Waiver of Pre-Deposit for Filing Before DRAT is Impermissible(17.02.2021)
Supreme Court observed that entire waiver of pre-deposit for filing appeal before Debt Recovery Appellate Tribunal under Section 21 of the Recovery of.....
Tags : Supreme Court, Waiver of Pre-Deposit
CESTAT: Deposits in Profit and Loss Account is Not Duty Under Excise Act(24.03.2022)
Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has ruled that deposit in Profit & Loss Account is not duty and therefore, provisions o.....
Tags : Customs, Excise, and Service Tax Appellate Tribunal, Deposits in Profit and Loss Account
RBI Relaxes Deposit Norms for Foreign Missions, Diplomats(06.05.2016)
Reserve Bank of India (RBI) has repealed and superseded regulations under the Foreign Exchange Management (Deposit) Regulations, 2000, in consultation.....
Tags : Reserve Bank of India , Foreign Exchange Management (Deposit) Regulations, 2000,
Supreme Court: Earning Interest on a Bank Deposit Does Not Make it a Commercial Purpose(20.03.2026)
Supreme Court held that earning interest on bank deposits does not by itself make a transaction “commercial” or exclude one from being a consumer; onl.....
Tags : Interest, Bank Deposit, Commercial Purpose
NCLAT: Interest Free Security Deposit is an Operational Debt(28.04.2022)
National Company Law Appellate Tribunal has observed that an interest free security deposit towards advance license fee will qualifies as an operation.....
Tags : National Company Law Appellate Tribunal, interest free, security deposit, Insolvency & Bankruptcy Code, 2016
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
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
#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
ARBITRATION - Pre-Deposit Clauses to Invoke Arbitration Makes Arbitral Process Ineffective: SC(12.03.2019)
Supreme Court has observed that pre-deposit clauses to invoke arbitration would render the arbitral process ineffective and expensive, and also struck.....
Tags : Supreme Court, Arbitration, Pre-Deposit Clauses
Madras High Court: Inability to Pay Pre-Deposit No Ground to Invoke Writ Jurisdiction(31.01.2018)
Madras High Court has held that inability to pay pre-deposit of 7.5% before the Commissioner (Appeals) cannot be a fit ground for invoking writ jurisd.....
Tags : Madras High Court, Pre-Deposit
Statute
Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2015(03.05.2016)
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