Role of an In-House Counsel in Law & Finance: In conversation with Vishal Diwan
Interviewed by Muskaan Chaube
Banking
Call for Papers | 3rd RGNUL-SAM Conclave on Emerging Trends in Banking & Finance in India, 2023 [Submit by March 30]
About RGNUL The Rajiv Gandhi National University of Law, Punjab (RGNUL) is an autonomous National Law University (NLU) established by the RGNUL
Demonetisation Verdict: Breakdown of the majority and minority opinions
While BR Gavai, J has written the majority opinion for himself and SA Nazeer, A.S. Bopanna, V. Ramasubramanian, JJ, to uphold the legality of the 2016 demonetization, BV Nagarathna, J is the lone dissenter who has held that though demonetisation was well-intentioned and well thought of, the manner in which it was carried out was improper and unlawful.
Call for Submissions | 2nd Edition of GNLU International Conference on Business, Law and Public Policy (GICBLP)
Gujarat National Law University is organizing the 2nd Edition of GNLU International Conference on Business, Law and Public Policy (GICBLP)
When can loss due to embezzlement be allowed as a deduction in computation of income tax? ITAT elucidates
Income Tax Appellate Tribunal (ITAT), Bangalore: The coram of N.V. Vasudevan (Vice President) and Padmavathy S. (Accountant Member), considered the instant appeal,
Supreme Court February 2022 Roundup: MP Judge Sexual Harassment case; Amazon-Future-Reliance Deal; Child Trafficking testimonies through video conference and more
“No doubt, that a Judicial Officer while discharging his/her duties, is expected to be independent, fearless, impassionate and non-impulsive. But a Judicial
Explained| Can post office/bank be held liable for the fraud or wrongs committed by its employees?
Supreme Court: The 3-judge bench of L. Nageswara Rao, Sanjiv Khanna* and BR Gavai, JJ has held that the post office/bank can
Bank Employees misappropriate funds. Confession by one leads to mild penalty; No evidence against another leads to dismissal! SC directs reinstatement
Supreme Court: In a case where a bank employee was dismissed from services despite lack of evidence, the bench of KM Joseph
Section 138 of NI Act| No hard and fast rule that a cheque issued as security can never be presented by drawee: Supreme Court
“A cheque issued as security pursuant to a financial transaction cannot be considered as a worthless piece of paper under every circumstance.”
Nomination Facilities and Joint Ownership of Financial Assets in the Indian Financial Sector
by Pramod Rao†
Cite as: 2021 SCC OnLine Blog Exp 69
Bank manager disburses loans without following the due procedure. Is compulsory retirement in such case a disproportionate punishment? Read what SC says
“If an officer/employee of the bank is allowed to act beyond his authority, the discipline of the bank will disappear.”
RBI | Positive Pay System shall be implemented from January 01, 2021: Read about Positive Pay System
Under this process, the issuer of the cheque submits electronically, through channels like SMS, mobile app, internet banking, ATM, etc., certain minimum details of that cheque (like date, name of the beneficiary/payee, amount, etc.) to the drawee bank, details of which are cross-checked with the presented cheque by CTS.
Cabinet approves Scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited
Scheme of Amalgamation The Union Cabinet has given its approval to the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with
Whether an ex-employee of a financial creditor is eligible to be appointed as Resolution Professional? Read what SC says
Supreme Court: The 3-Judge Bench of Arun Mishra, B.R. Gavai and Krishna Murari, JJ., set aside the NCLAT’s Order with regard to
Data Privacy: Need for stronger laws
Bhumesh Verma, Managing Partner and Paruchuri Baswanth Mohan, Research Associate, Corp Comm Legal
Cite as: (2020) PL (CL) August 60
SARFAESI Act applicable to Cooperative Banks: Constitution Bench
Supreme Court: The 5-judge bench of Arun Mishra, Indira Banerjee, Vineet Saran, MR Shah and Aniruddha Bose, JJ has held that “’banking’
SC declares February 2018 RBI Circular ultra vires
Supreme Court: Holding the Reserve Bank of India [RBI] Circular issued on 12.02.2018 ultra vires Section 35AA of the Banking Regulation Act,
SC| There cannot be a uniform qualification/disqualification for the Board of Directors under the Banking Companies Act
Supreme Court: The bench of Abhay Manohar Sapre and Indu Malhotra, JJ has held that there cannot be a uniform qualification or/and
Single GST registration for airlines, banks and insurance sector on the anvil
The government is considering a nationwide single GST registration process for the aviation, banking and insurance sectors. A single registration will potentially