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...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
Provisional attachment under the PMLA may extend to movable and immovable assets traced to diverted Government funds when investigation links the money to scheduled offences and subsequent acquisition of property. The text explains that proceeds of crime include assets acquired from tainted funds, and that money-laundering is a continuing offence covering the holding, transfer or use of such proceeds even where the original diversion began earlier. It also states that attachment can apply to persons not arraigned in the predicate offence if they possess or deal with tainted property, and that proceedings may continue through legal representatives after the death of the property owner. Covid-19 limitation exclusions were treated as applicable to the confirmation period.
Provisional attachment under the PMLA may extend to movable and immovable assets traced to diverted Government funds when investigation links the money to scheduled offences and subsequent acquisition of property. The text explains that proceeds of crime include assets acquired from tainted funds, and that money-laundering is a continuing offence covering the holding, transfer or use of such proceeds even where the original diversion began earlier. It also states that attachment can apply to persons not arraigned in the predicate offence if they possess or deal with tainted property, and that proceedings may continue through legal representatives after the death of the property owner. Covid-19 limitation exclusions were treated as applicable to the confirmation period.
Note: It is a system-generated summary and is for quick reference only.
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