NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
In a writ challenging actions under PMLA, the petitioner sought to amend the main prayer to add a declaration that Sections 50 and 63 are unconstitutional. The court held that the vires of these provisions already stands upheld by the SC, and the petitioner's plea that the SC ruling is per incuriam could not be entertained in this proceeding; further, since writ proceedings are not governed by CPC procedure, the court declined to permit an amendment introducing a relief it could not consider. Accordingly, the proposed additional relief was rejected, while all other amendments were allowed - HC
In a writ challenging actions under PMLA, the petitioner sought to amend the main prayer to add a declaration that Sections 50 and 63 are unconstitutional. The court held that the vires of these provisions already stands upheld by the SC, and the petitioner's plea that the SC ruling is per incuriam could not be entertained in this proceeding; further, since writ proceedings are not governed by CPC procedure, the court declined to permit an amendment introducing a relief it could not consider. Accordingly, the proposed additional relief was rejected, while all other amendments were allowed - HC
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