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Finance - Today, many lenders offer exclusive loans for chartered accountants, which consider their financial standing and unique needs. The features of a CA loan include a high sanction, a long repayment tenor, and quick disbursal. They align themselves well with business goals such as expansion, software integration, upskilling, and recruitment, ...
Read MoreFinance - Background: Gold is one of the best performing commodities witnessing the highest gain. Gold prices have gained lot of appreciation in years ranging from Rupees 18500 per 10 gram in 2010 to around Rupees 55000 per 10 gram in 2020. Currently Gold prices have dropped steeply since beginning of the year. It has dropped to […]...
Read MoreFinance - When I was doing my CA Articleship in a small town of Udupi in Karnataka to be precise we used to have lots of Bank Audits because Udupi and neighboring district of Mangalore were responsible for the Formation of 5 Big banks of India which later got merged by the Government of India order, previously […]...
Read MoreFinance - Instant personal loans are one of the most sought after loans in India. They are available to both salaried and self-employed people. Upon showing proof of income, personal loan is disbursed. An instant personal loan is not a burden if utilized properly. It can be taken when there is a shortage of money. But care […]...
Read MoreFinance - Taking out a loan is a major financial decision. You put your credibility on the line, and it tests your sense of responsibility in paying your debts on time. However, the borrower does not only hold the weight of the responsibility. The lender shares the same burden as they need to present that they are […]...
Read MoreFinance - To be printed in stamp paper of Rs.______________ (based on the respective Stamp Act applicable) LOAN AGREEMENT LOAN AGREEMENT BETWEEN Mr A son of Mr. B, residing at (Address of the loan provider) AND Mr. C son of Mr. D, residing at(Address of the borrower) THIS AGREEMENT made and entered into at(Place—-) this (Date ——...
Read MoreFinance - Interest on Education Loans All Scheduled Commercial Banks provide Education Loan to students. IBA has formulated and circulated to all member banks a ‘Model Education Loan Scheme’ for providing financial support to meritorious students for pursuing higher education in India and abroad. Salient features of the scheme inter-alia includ...
Read MoreFinance - Students whose parental income is less than Rs. 4.5 lakhs per annum and are enrolled in recognized technical & professional courses, after class twelfth, in India are eligible under the scheme. Educational loans of such students disbursed from 1st April 2009, irrespective of date of sanction are eligible for interest subsidy. ...
Read MoreFinance - Even as India has been cited as an example of prudential banking norms, the Reserve Bank of India (RBI) today said some lenders are not monitoring effectively use of loans by borrowers, which is facilitating diversion of funds. This came to light whe...
Read MoreFinance - The Reserve Bank of India (RBI) has once again advised banks and financial institutions to ensure that all information relating to charges or fees for processing of loans should be disclosed in the loan application forms. This is applicable to all lo...
Read MoreVelankani Information Systems Limited Vs Secretary, Ministry of Home Affairs (Karnataka High Court) - The contentions of the RBI that the dispute is between the Petitioner and Respondents is not acceptable since the dispute arises out of the implementation or not of a Circular issued by the RBI. RBI is therefore directed to monitor the implementation of the Circular, including verification of whethe...
Read MorePranav S.R. Vs Branch Manager, State Bank of India (Kerala High Court) - In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner's father showed that there was a default in a commercial vehicle loan availed by him....
Read MoreITO Vs. Ethno Financial Research Pvt. Ltd. (ITAT Delhi) - The provisions of Explanation to section 73 do not distinguish between the transaction of trading in shares on actual delivery or without delivery basis. Admittedly the assessee does not fall under any of the exceptions provided in the Explanation and hence, the purchase and sale of shares traded du...
Read MoreIndustrial Cables (India) Ltd. Vs Addl. CIT (ITAT Chandigarh) - We have considered the, rival submissions, perused the material on record. In the instant case, rehabilitation scheme was sanctioned by the BIFR on 05.07.2001, A copy of the summary record of the proceedings of the hearing held on 5.7.2001 before BIFR- have been placed in the Paper Book. It has been...
Read MoreJay Bharat Maruti Ltd. Vs. CIT (Delhi High Court) - 8.3 It cannot be disputed and it is not the case of either side that the reasons extracted hereinabove did not precede the issuance of notice under Section 148(1) of the Act. The requirement for recordal of reasons by the Assessing Officer before issuing a notice is provided for under sub-section (2...
Read MoreRBI/2009-10/178, RPCD.CO RRB.No. 29 /03.05.33/2009- 10 - (06/10/2009) - In terms of paragraphs 2.1.1 and 2.1.2 of Section I of the guidelines on lending to priority sector enclosed to circular RPCD.No.RRB. BC.20/ 03.05.33/2007- 08 dated August 22, 2007, credit to small enterprises includes loans granted to micro and small (manufacturing and service) enterprises, provide...
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Velankani Information Systems Limited Vs Secretary, Ministry of Home Affairs (Karnataka High Court) -
Pranav S.R. Vs Branch Manager, State Bank of India (Kerala High Court) -
