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 property held by a person not accused of money laundering requires proof that proceeds of crime reached that person and funded acquisition of the property, or that the property constitutes equivalent-value property of a person involved in laundering. Alleged control of the purchasing company by an accused, based mainly on witness statements, does not replace evidence of a money trail. Bank-financed acquisition and the company's own savings were not shown to be proceeds of crime, layered proceeds, or assets belonging to the accused. The provisional attachment and its confirmation were therefore set aside.
Attachment of property held by a person not accused of money laundering requires proof that proceeds of crime reached that person and funded acquisition of the property, or that the property constitutes equivalent-value property of a person involved in laundering. Alleged control of the purchasing company by an accused, based mainly on witness statements, does not replace evidence of a money trail. Bank-financed acquisition and the company's own savings were not shown to be proceeds of crime, layered proceeds, or assets belonging to the accused. The provisional attachment and its confirmation were therefore set aside.
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