Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
Attachment of properties as proceeds of crime may be sustained where funds from money-laundering activities are traceable to their acquisition and no complete legitimate source is established. Active participation in MLM operations, rather than mere receipt of brokerage commission, supported the finding that the funds were tainted. A bank loan did not establish a legitimate source where its repayment remained unexplained. Continued receipt of rent from property held in another person's name indicated beneficial enjoyment and supported treating the ostensible transferee as a name-lender. The provisional attachment of the properties was therefore confirmed.
Attachment of properties as proceeds of crime may be sustained where funds from money-laundering activities are traceable to their acquisition and no complete legitimate source is established. Active participation in MLM operations, rather than mere receipt of brokerage commission, supported the finding that the funds were tainted. A bank loan did not establish a legitimate source where its repayment remained unexplained. Continued receipt of rent from property held in another person's name indicated beneficial enjoyment and supported treating the ostensible transferee as a name-lender. The provisional attachment of the properties was therefore confirmed.
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