The provisions of Section 44 of PMLA concern crimes that may be tried by Special Courts. A provision has been added to Section 44(1)(b) stating that, if no evidence of money laundering is found at the completion of the inquiry, the relevant body must submit a report of closure to the Special Court.
The Indian banking system is one of the most complex and largest in the world, with more than 96,000 branches and 100 scheduled commercial banks. An overview of the evolution of the Indian banking system and its role in economic growth.
The Indian market has been able to adapt to the world economy through globalisation, liberalisation and privatisation. While the goal of each Company in the end is to maximise its profits and be successful in its field, that may not be possible due to all the different market forces present. In order to safeguard its interest, corporate restructuring is prevalent.
This is a landmark judgement with reference to overlapping jurisdictions of regulators and adjudicatory forums. This judgement alone, lays a foundation stone to avoid further disputes in events of aggrieved party approaching a forum where a favourable or faster relief can be obtained rather than approaching the appropriate forum.
Poverty in India cannot be solved by printing more currency notes. It requires a comprehensive strategy that involves economic growth, better public services, foreign aid, and targeted efforts to reduce inequity and inequality.
Whether or not the assessee was entitled to a deduction for interest paid on a loan used to purchase a residential home since he had not taken possession of the property
This research paper assesses barriers, enablers & implications of corporate law in developing countries. Discover how lack of legal infrastructure impacts corporate law & its effects on investment opportunities.
The Reserve Bank of India is tasked with maintaining the price stability of the Indian Rupee and regulating banking & financial institutions. Learn how the RBI works to achieve economic growth & low inflation.
Learn more about the GST Applicability on Free Samples & Supplies in India. Does providing free or sample products count towards GST? What qualifies as a free sample?
Get to know the 7 post incorporation compliances required by private limited companies as per Companies Act, 2013. Learn how to ensure compliance with the first board meeting rules and setting up of a registered office address within 30 days.
