Finance

The Chit Funds (Amendment) Act, 2019

(1) This Act may be called the Chit Funds (Amendment) Act, 2019. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

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How I Support my Family in India with an NRE Account

What is the most bittersweet experience you’ve had to face in life? If you were to ask my father, he’d certainly speak of the day I made it into Google as a Quantitative Data Analyst. Now, that’s an absolutely strange thing, right? How could this experience be anything but sweet? Well, yes, if only the […]...

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Skill Development – Growth Driver of Indian Economy

Why we need skill development and its syllabus change? When the service industry is growing why India does need skill development? GDP growth will come from an injection of liquidity then why we spend billions on skill enhancement? What contribution the Indian GDP will get from the skill development when India is on the path […]...

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What is Non-Performing Asset in Connection with Banking Scams?

We all knows that recently a very large Scam took place in PMC Bank (Punjab and Maharashtra Co-operative Bank). The PMC bank scam and many earlier scams in banking sector are closely associated with the problem of NPA(s). In this article we will discuss in detail about the Non-Performing Assets (NPAs). To begin With ‘NPA’ [&he...

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Why it makes sense to obtain legal opinion while buying a house

Does it make sense to take legal opinion when buying a property funded by home loan?  Why it makes sense for you to obtain legal opinion while buying a house even if it is done by the legal team of the bank while grating home loan on the same. When a person buys a property […]...

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Norms of Aadhaar KYC eased for opening of bank account

Norms of Aadhaar KYC are eased, not of the Change of Address in Aadhaar Norms of Aadhaar KYC are eased for opening of bank account and not for the change of address in Aadhaar, said the Department of Revenue (DoR), Ministry of Finance today while clarifying on Aadhaar KYC use with reference to its notification […]...

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Finance Ministry responds to Moody’s change in outlook

Government of India has noted that the Moody’s Investors Service has today changed the outlook on the Government of India’s ratings to negative from stable while keeping the foreign-currency and local-currency long-term issuer ratings unchanged at Baa2. ...

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Status of several measures announced by FM to boost Economy

The Finance Minister, Smt. Nirmala Sitharaman had announced several short and long-term measures to boost economy on 23.08. 2019, 30.8.2019 and 14.09.2019. Out of these a total number of thirty-two measures were announced on 23.08.2019 to boost the economy. Out of these, thirteen (13) announcements have been fulfilled....

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CBI Files Chargesheet Against Then FM and Officials of MOF

CBI FILES CHARGESHEET AGAINST 14 ACCUSED PERSONS/COMPANIES INCLUDING PRIVATE COMPANIES & THEIR THEN DIRECTORS; THEN FINANCE MINISTER (FM) AND CERTAIN THEN OFFICIALS OF MINISTRY OF FINANCE (MOF)...

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FM reviews performance of banks with top management of PSBs

Finance Minister reviews performance of banks with top management of Public Sector Banks Discussions held on overall credit growth with focus on disbursements to key sectors to support the needs of economy Finance Minister reviews banking initiatives announced earlier with focus on credit growth, rate cut transmission and amalgamation Smt...

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HC dismisses petition against amendments in PMLA through Money Bill

Mr. Jairam Ramesh Vs Union of India And Ors (Delhi High Court) - Mr. Jairam Ramesh Vs Union of India and Ors (Delhi High Court) There is no dispute that the petitioner herein is a Member of Rajya Sabha. The plea of Mr. Chidambram that the petitioner was not aware that such amendments have been carried out as Money Bills, is no reason to challenge the amendments, ...

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Mere use of any forged or counterfeit currency/bank notes is not an offence

Sanskriti Jayantilal Salia Vs. State of Maharashtra (Bombay High Court) - Sanskriti Jayantilal Salia Vs. State of Maharashtra (Bombay High Court) When mens rea is conspicuously absent, mere use of any forged or counterfeit currency notes or bank notes cannot attract the provisions of Section 489(B). The essential ingredient of the said offence being that the person, who r...

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CAG can audit Pvt. Companies if Govt Revenue is in question

Association of Unified Telecom Service Providers of India Versus Union of India & Others (Delhi High Court) - The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Union of India & Others on the powers of CAG to audit the revenues of Private Telecom Companies flowing to the Consolidated Fund of India...

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Publishing loan defaulter’s photos in newspapers is illegal

Ujjal Kumar Das & Anr. Vs State Bank of India & Ors. (Calcutta High Court) - Whether or not a secured creditor, which has initiated action for enforcement of its security interest in terms of the provisions of the Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002...

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SAT held Ranbaxy Director Guilty of insider trading

Mr. V.K. Kaul Vs Adjudicating Officer (Securities Appelate Tribunals Mumbai) - It is highly improbable to believe the statement of Mrs. Bala Kaul that she bought shares of the target company because of its intrinsic value and strong fundamentals. If that was so, it is not clear, what made her sell these shares on April 10, 2008, when Solrex was still in the process of investin...

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The Chit Funds (Amendment) Act, 2019

ACT NO. 41 OF 2019 - (05/12/2019) - (1) This Act may be called the Chit Funds (Amendment) Act, 2019. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

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Lok Sabha Passes The Chit Funds (Amendment) Bill, 2019

Bill No. 192C of 2019 - (20/11/2019) - The Chit Funds (Amendment) Bill, 2019 was introduced in Loksabha on 05.08.2019 and was passed by Lok Sabha on 20.11.2019. Below is the text of Chit Funds (Amendment) Bill, 2019 as introduced in Loksabha on 05.08.2019 which explains why the same been introduced. As the end of this post we have provid...

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Interest rates of Small Savings Schemes remain unchanged for Q3 of FY 2019-20

F.No.1/4/2019-NS - (30/09/2019) - Interest rates for small savings schemes are notified on quarterly basis since 1st April, 2016. Accordingly, the rates of interest on various small savings schemes for the third quarter of financial year 2019-20 starting from to October, 2019 and ending on 31st December, 2019 shall remain unchanged ...

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One-time partial credit guarantee to PSBs to purchase pooled assets of financially sound NBFCs

F. No.1/17/2019-BOA-II - (10/08/2019) - Partial Credit Guarantee offered by Government of India (Go ) co Public Sector Banks (PSBs) for purchasing high-rated pooled assets from financially sound  Non-Banking  Financial  Companies (NBFCs)/ Housing Finance Companies (HFCs)...

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Download Finance (No. 2) Bill, 2019 as passed by Lok Sabha

Bill No. 55-C of 2019 - (18/07/2019) - Lob Sabha has passed Union Budget 2019 i.e. The Finance (No. 2) Bill, 2019  on 18th July 2019 with Various amendment in some of the sections and also inserted few new provisions. Full text of the same is as follows:- AS PASSED BY LOK SABHA ON 18.7.2019 Bill No. 55-C of 2019 THE FINANCE (NO. [&helli...

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Recent Posts in "Finance"

The Chit Funds (Amendment) Act, 2019

ACT NO. 41 OF 2019 (05/12/2019)

(1) This Act may be called the Chit Funds (Amendment) Act, 2019. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

Read More

How I Support my Family in India with an NRE Account

What is the most bittersweet experience you’ve had to face in life? If you were to ask my father, he’d certainly speak of the day I made it into Google as a Quantitative Data Analyst. Now, that’s an absolutely strange thing, right? How could this experience be anything but sweet? Well, yes, if only the […]...

Read More
Posted Under: Finance |

Skill Development – Growth Driver of Indian Economy

Why we need skill development and its syllabus change? When the service industry is growing why India does need skill development? GDP growth will come from an injection of liquidity then why we spend billions on skill enhancement? What contribution the Indian GDP will get from the skill development when India is on the path […]...

Read More
Posted Under: Finance |

What is Non-Performing Asset in Connection with Banking Scams?

We all knows that recently a very large Scam took place in PMC Bank (Punjab and Maharashtra Co-operative Bank). The PMC bank scam and many earlier scams in banking sector are closely associated with the problem of NPA(s). In this article we will discuss in detail about the Non-Performing Assets (NPAs). To begin With ‘NPA’ [&he...

Read More
Posted Under: Finance |

Why it makes sense to obtain legal opinion while buying a house

Does it make sense to take legal opinion when buying a property funded by home loan?  Why it makes sense for you to obtain legal opinion while buying a house even if it is done by the legal team of the bank while grating home loan on the same. When a person buys a property […]...

Read More
Posted Under: Finance |

India Targets to be USD 5 Trillion Economy- Skill Development needs Changes

Does anyone have any idea how the Job Market of India will look in the next 10 to 20 years? How the promoters of the organisation will be able to find talent to match the changing job market? Are we planning for import of human manpower to match the requirement of our jobs? On what […]...

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Posted Under: Finance |

Time in the market or Timing the market

Last year saw ‘Andhadhun’ starring Ayushman, Tabbu at PVR cinema. Movie was Indian black comedy crime thriller. Every moment of the movie was intriguing but I was receiving frequent calls from my office so two  times have to miss the film for 5-10 minutes each and after the film was over everybody was going gaga […]...

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Posted Under: Finance |

Lok Sabha Passes The Chit Funds (Amendment) Bill, 2019

Bill No. 192C of 2019 (20/11/2019)

The Chit Funds (Amendment) Bill, 2019 was introduced in Loksabha on 05.08.2019 and was passed by Lok Sabha on 20.11.2019. Below is the text of Chit Funds (Amendment) Bill, 2019 as introduced in Loksabha on 05.08.2019 which explains why the same been introduced. As the end of this post we have provided link to download […]...

Read More

How Screwed Up Are Your Finances?

‘Financial Management‘ is something that we all have struggled to conquer at some point of time or other. Both at the personal and professional front having a healthy financial state always does the trick. The opposite happens when they go all messed up, your concentration is hit, and your focus at more productive things takes...

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Posted Under: Finance |

Norms of Aadhaar KYC eased for opening of bank account

Norms of Aadhaar KYC are eased, not of the Change of Address in Aadhaar Norms of Aadhaar KYC are eased for opening of bank account and not for the change of address in Aadhaar, said the Department of Revenue (DoR), Ministry of Finance today while clarifying on Aadhaar KYC use with reference to its notification […]...

Read More
Posted Under: Finance |

Corporate Law News

Corporate law deals with the operations and formation of corporations and is related to contract and other commercial law. Corporations are legal entities which are created through the incorporation laws of the state, the corporation is a legal and a distinct person which can sue and can be sued, separate from the stockholders. Until a corporation formally dissolves, it has a perpetual life; the demise of its stockholders or officials does not amend the structure of the corporation. Creation, operation, and their dissolution are governed by several laws such as the Company Law, Insolvency and the Bankruptcy law, Real Estate law, Gratuity Act, Minimum wages Act, Negotiable Instrument Act, Essential Commodities, SRFAESI Act, Competition Act, FDI Regulations etc. At Taxguru, we provide you the latest corporate law news and corporate law articles. Learn about all the important developments in the corporate laws with our extensive coverage of the latest news on corporate law. Our group of expert law professionals provides a cohesive and comprehensive understanding of all the Indian corporate and other allied laws. At Taxguru, we cover all the aspects of corporate law and all the major laws and regulations as mentioned above. We regularly post blogs and articles on corporate law for the benefit of our viewers. Keep a track of all the significant notifications and updates on corporate law with us. Get to know more on the corporate law here at Taxguru.

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