The Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the .. of the Banking Companies, Financial Institutions and Intermediaries) Rules, 2005

1. Short title and commencement.— (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and… Read More The Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the .. of the Banking Companies, Financial Institutions and Intermediaries) Rules, 2005

 Probative value of the materials has to be gone into while deciding discharge application

Section 109 of the Indian Penal Code read with Section 13(2) and Section 13(1)(e) of the Prevention of Corruption Act s. 239 – Discharge of accused – Accused charged with offences punishable u/s 109 IPC and s. 13(2) r/w s. 13 (1) (e) of Prevention of Corruption Act – Acquiring of properties disproportionate to known sources of income – Held: At the stage of… Read More  Probative value of the materials has to be gone into while deciding discharge application

Framework for timely detection, reporting, investigation, etc. relating to large value bank frauds

Annexure-A F.No. 4/5/2014-Vig. Ministry of Finance Department of Financial Services. ***** New Delhi, Dated 13th May, 2015 To: All the CMDs/MSDs of PSBs/CBI/RBI/CEIB/DRI/MCA/ED Subject: Framework for timely detection, reporting, investigation, etc. relating to large value bank frauds 1. In view of the serious lapse observed in the timely identification and initiation of proceeding in the matter of… Read More Framework for timely detection, reporting, investigation, etc. relating to large value bank frauds

Admissibility of a document is one thing and its probative value quite another-these two aspects cannot be combined.

Under construction In State of Bihar and Ors. v. Radha Krishna Singh and Ors., AIR 1983 SC 684, this Court dealt with the issue of prohibitive value of the contents of an admitted document and held as under: Admissibility of a document is one thing and its probative value quite another-these two aspects cannot be… Read More Admissibility of a document is one thing and its probative value quite another-these two aspects cannot be combined.

The Court Fees Act, 1870 [UP Application]

In every suit the plaintiff shall file with the plaint a statement, in such form as may be prescribed for the purpose of particulars and valuation of the subject-matter of the suit, unless such particulars and valuation are contained in the plaint itself. If the Court sees reason to think that the annual net profits or the market-value of any such land, house or garden as is mentioned in Section 7, Paragraphs 5 and 6 have or has been wrongly estimated, the Court may, for the purposes of computing the fee payable in any suit therein mentioned, issue a commission to any proper person directing him to make such local or other investigation as may be necessary, and to report thereon to the Court.… Read More The Court Fees Act, 1870 [UP Application]

Justice K.S. Puttaswamy (Retd.) and Another Vs. Union of India and Others

SUPREME COURT OF INDIA BENCH: HON’BLE THE CHIEF JUSTICE, HON’BLE MR. JUSTICE A.K. SIKRI, HON’BLE MR. JUSTICE A.M. KHANWILKAR, HON’BLE DR. JUSTICE D.Y. CHANDRACHUD, HON’BLE MR. JUSTICE ASHOK BHUSHAN Justice K.S. Puttaswamy (Retd.) and Another Vs. Union of India and Others [Writ Petition (Civil) No. 494 of 2012] see below A.K. SIKRI, J. (For Chief… Read More Justice K.S. Puttaswamy (Retd.) and Another Vs. Union of India and Others

District Armed Police West Bengal [PR]

Bengal police Regulation 1943 CHAPTER XI District Armed Police Emergency force guards and escorts 682. District Armed Police and its reserve. – At the headquarters of every district except the Railway Police districts there shall be a District Armed Police which shall provide (i) an emergency force at headquarters, (ii) an emergency force at selected… Read More District Armed Police West Bengal [PR]

Components of The National Wealth

observed that a business is always evaluated
by both its income statement and its balance sheet1 (assets and liabilities,
or wealth). Similarly, a prospective homeowner can obtain a
mortgage only by demonstrating both his or her income and net assets—
income in any given year can always be made to look good by selling off
assets, but liquidating assets undermines the ability to generate income in
the future; the true picture of economic health requires looking at both
income and wealth. The economic performance of countries, however, is
only evaluated based on national income; wealth has typically been
ignored. Indeed, one of the primary motivations for the early natural capital
accounting efforts in the mid-1980s was concern that rapid GDP
growth in resource-rich countries was achieved through liquidation of
natural capital—a temporary boost to consumption that created no basis
for sustained advances in wealth and human well-being (for example,
Repetto et al. 1989). Monitoring wealth, including natural capital, was
part of the solution to the challenge of long-term sustainability… Read More Components of The National Wealth