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Archive: 27 October 2011

Posts in 27 October 2011

Enhancement in the features provided under TAN account by NSDL

October 27, 2011 1677 Views 0 comment Print

This is with reference to the facilities available in your TAN account for requesting various files from the TIN central system. The procedure for online request of Consolidated TDS/TCS statements/ Form 16A/ Default file under the ‘TAN Account’ has been enhanced. Salient features of the new procedure are as follows: You may request for Consolidated […]

Yes Bank raises savings deposit rate to 6%

October 27, 2011 612 Views 0 comment Print

Private sector lender YES Bank said on Tuesday it has raised savings deposit rate for all savings accounts by 200 basis points to 6%. It has also raised base rate by 25 basis points to 10.5%, effective immediately, it said in a press release. Earlier in the day, the Reserve Bank of India (RBI) deregulated […]

Despite family settlement, transfer of share must be in accordance with law

October 27, 2011 2761 Views 0 comment Print

The case of the petitioner is that the respondents have removed their name without sufficient cause and without due compliance of the provisions of law and entered the name of respondent No. 3. From the pleadings it is unequivocal that there is a family settlement and the transfers have taken place pursuant to the said family settlement. However, the same could not fructify and the differences and disputes arose between them which lead to filing of these petitions. However, upon considering the factual position it is apparent that the respondents have not complied with the provisions of law in respect of transfer of shares most probably on the basis of family settlement.

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