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India
Khaitan & Co
Three decades ago, India's economic liberalisation led to a drastic change in its social and economic landscape, with the country consistently being one of the fastest growing economies in the world.
Khaitan & Co
On 5 March 2020, the RBI imposed a moratorium on Yes Bank following unsuccessful attempts to raise additional capital to cover provisions for non-performing assets and a deterioration of its financial position.
Rajani Associates
Being one of the fastest growing major economies in the world as well being one of the largest in terms of GDP and purchasing power parity, India has evolved as a major destination as far as global investment flows are concerned.
Khaitan & Co
On 21 February 2020, FATF issued a list of ‘jurisdictions under increased monitoring', popularly known as the ‘grey list' and to the dismay of several foreign portfolio investors, Mauritius ended up featuring in this list ...
Phoenix Legal
It is pertinent to note that the word ''offence" had not been defined in the Code.
S.S. Rana & Co. Advocates
Thus, the proceeds from criminal activities further propel crimes and create a parallel economy and all of these transactions operate being unnoticed.
AZB & Partners
The Finance Act, 2019 has brought about certain amendments to the Prevention of Money Laundering Act, 2002 (‘PMLA').
Obhan & Associates
The Reserve Bank of India ("RBI") has released a discussion paper on ‘Guidelines for Payment Gateways and Payment Aggregators' for public comment ("Discussion Paper").
AZB & Partners
The National Company Law Appellate Tribunal (‘NCLAT') has on July 2, 2019 held that the properties of a corporate debtor which are attached by the Director of Enforcement.
AZB & Partners
The (Indian) Prevention of Money Laundering Act, 2002 ("PMLA") sets out the legislative framework for the prosecution of the offence of ‘money laundering' in India.
LexOrbis
The Delhi High Court set aside the decision of the PMLA Appellate Tribunal vide a judgment delivered on April 2, 2019 titled The Deputy Director Directorate of Enforcement Delhi and Ors. v. Axis Bank and Ors.
Vaish Associates Advocates
The petitioner, M/S Himachal Emta Power Limited, had filed the present petition under Article 226 & 227 of the Constitution of India, inter alia.
Vaish Associates Advocates
In this case (Bank of Baroda and Ors. vs. The Deputy Director, Directorate of Enforcement, Mumbai and Ors.
Vaish Associates Advocates
The petitioner in this case titled Anand Chauhan vs. Directorate of Enforcement http://lobis.nic.in/ddir/dhc/VSA/judgement/10-04-2017/VSA10042017BA22412016.pdf / MANU/DE/0928/2017.
Vaish Associates Advocates
The notice to show cause under Section 8 of the Act had been issued by the Adjudicating Authority, based in Delhi.
Vaish Associates Advocates
In fact it is in anticipation of prosecution that attachment proceedings are initiated.
Vaish Associates Advocates
R. Subramanian v. The Assistant Director, Directorate of Enforcement Decided by the High Court of Madras reported at MANU/TN/5918/2018
Vaish Associates Advocates
Thus, these Writ Petitions were consolidated before the Division Bench of the High Court of Delhi.
Vaish Associates Advocates
A huge sum of Rs. 5383 crores was stated to be outstanding.
Vaish Associates Advocates
The Court heard arguments on the issue of territorial jurisdiction.
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