Corporate Law : Estate planning helps to decide about one’s heirs and also fix important details like when, how and in what proportion they are ...
Finance : A letter of authority works for simple tasks. It can be used for getting routine work done. But when there are big transactions, i...
Fema / RBI : Indians planning to immigrate from India are normally worried as to how there affairs in India would be handled in there absence f...
Income Tax : With a view to make appeals process-compliant and to ensure acceleration in the process of dispensation of justice, the Income-tax...
Finance : The Attestor attesting witness must sign the deed or document concerned in the presence of the Executant.One of the factors which ...
SEBI : Capital market regulator SEBI has tightened key clauses in the client-broker agreement, as part of its attempts to curb the misuse...
Finance : In the apex court litigants and lawyers have been paying a insignificant fee for filing appeals or vakalatnama for more than 40 ye...
Income Tax : The Powai police has arrested a chartered accountant (CA) for cheating the owner of a leading pharmaceuticals company, Genom Biote...
Finance : The State Commission, Delhi, held that services rendered by a Lawyer would not come within the ambit of s. 2(1)(o) of the Consumer...
Income Tax : In the case of Mayawati v. CIT [2009] 222 CTR 117 (Delhi), it is nowhere mentioned that for drawing the presumption u/s 27 of the ...
SEBI : A Power of Attorney is executed by the client in favour of the stock broker /stock broker and depository participant to authorize ...
Estate planning helps to decide about one’s heirs and also fix important details like when, how and in what proportion they are to receive inheritance. Making a will is the easiest and most common way of bequeathing your property. There are also other options like making a trust, gifting assets during one’s life time, family settlement, nomination, power of attorney.
A letter of authority works for simple tasks. It can be used for getting routine work done. But when there are big transactions, it is better to get a power of attorney because it sets out the manner in which the activity is to be done. A letter of authority may or may not specify how an activity is to be carried out. A power of attorney is a notarised document and has an additional edge. A letter of authority is not an authenticated document.
Indians planning to immigrate from India are normally worried as to how there affairs in India would be handled in there absence from India. They may appoint someone to act for and on there behalf, during there absence from India and ensure the smooth running of the day-to-day affairs in connection with there assets and liabilities in India. The obvious question, which comes to mind is as to the meaning and implications of a ‘power of attorney’ and the modalities for its execution.
A Power of Attorney is executed by the client in favour of the stock broker /stock broker and depository participant to authorize the broker to operate the client’s demat account and bank account to facilitate the delivery of shares and pay – in/ pay – out of funds.
Capital market regulator SEBI has tightened key clauses in the client-broker agreement, as part of its attempts to curb the misuse of client money by brokers. In a circular on Thursday, SEBI said stock brokers should maintain a book containing all the mandatory and non-mandatory documents required for registering a client.
In the case of Mayawati v. CIT [2009] 222 CTR 117 (Delhi), it is nowhere mentioned that for drawing the presumption u/s 27 of the General Clauses Act, there is necessity of acknowledgment due.
In the apex court litigants and lawyers have been paying a insignificant fee for filing appeals or vakalatnama for more than 40 years, but it may register a 20-fold boost as per a current proposal being examined by law minister Veerappa Moily.
The Powai police has arrested a chartered accountant (CA) for cheating the owner of a leading pharmaceuticals company, Genom Biotech Pvt Ltd, of Rs 40 lakh. After the fraud, the accused had resigned from his job to avoid getting caught, said the police. The 34-year-old chartered accountant, Rajesh Ranjan, and the owner of GBPL at […]
The State Commission, Delhi, held that services rendered by a Lawyer would not come within the ambit of s. 2(1)(o) of the Consumer Protection Act, 1986, as the client executes the power of attorney authorizing the Counsel to do certain acts on his behalf and there is no term of contract as to the liability of the lawyer in case he fails to do any such act. The State Commission held that it is a unilateral contract executed by the client giving authority to the lawyer to appear and represent the matter on his behalf without any specific assurance or undertaking.
With a view to make appeals process-compliant and to ensure acceleration in the process of dispensation of justice, the Income-tax Appellate Tribunal (the Tribunal)1 has proposed to devise a new system for appeal filing and fixation.
