User: prs Topic: Legal-News
Category: Acts
Last updated: Aug 19 2018 23:55 IST RSS 2.0
 
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Vijay Mallya case: Enforcement Directorate to appeal against PMLA tribunal order de-freezing select assets 19.8.2018 DNA: Popular News
The Enforcement Directorate (ED) today said it will appeal against a recent order of a PMLA tribunal, asking the agency to release a "miniscule" amount of assets it had attached in connection with a multi-crore-rupee bank loan fraud probe related to the Kingfisher Airlines and its promoter Vijay Mallya. The appellate tribunal to hear cases filed under the Prevention of Money Laundering Act (PMLA) recently set aside the ED orders to attach two flats in Kingfisher Towers in Bengaluru, reportedly stating that they were "not linked" to the alleged money laundering and banking fraud. The agency, which is in charge of the enforcement of the stringent PMLA in the country, said the assets were attached by it after conducting a "proper verification" and that they were registered in the name of United Breweries Holdings Limited (UBHL). "During the investigation before attachment, UBHL had stated that with respect to the flats in Kingfisher Towers in Bengaluru, no sale deed was executed nor registered with the ...
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No ATM to be replenished with cash after 9 pm from next year: MHA issues directive 19.8.2018 DNA: Wide Angle
No ATM will be replenished with cash after 9 pm in cities and 6 pm in rural areas from next year even as two armed guards will accompany crisp notes in transit as per a new directive issued by the Home Ministry. The deadline for putting money in the ATMs located in Naxal-hit areas is 4 pm while private cash handling agencies must collect money from the banks in the first half of the day and transport notes only in armoured vehicles. In a notification, the Home Ministry said the new Standard Operating Procedures (SoPs) would come into effect from February 8, 2019 in view of the spurt in incidents of attacks on cash vans, cash vaults, ATM frauds and other internal frauds leading to increased sense of insecurity. There are over 8,000 privately owned cash vans plying across the country, operated by non-bank private agencies, and they handle over Rs 15,000 crore daily on behalf of banks. Some times, the private agencies keep currency overnight at their cash vaults. "No cash loading of the ATMs or cash ...
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CBDT issues Circular on amendment of Tax Audit Report 18.8.2018 Govt of india: PIB
Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with Rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires prescribed persons to furnish the Tax Audit Report along with the prescribed particulars in Form No. 3CD. The existing Form No. 3CD was amended vide Notification No. GSR 666(E) dated 20th July, 2018 with effect from 20th August, 2018.
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Ahmedabad: GST relief likely for textile players 18.8.2018 DNA: Urban Tales
Players in the textile sector are likely to soon get relief. Well placed sources said that soon a new order, a draft copy of which is doing rounds in social media, will be passed that will allow a refund of pending tax credit of Goods and Services Tax (GST). The pending refunds are worth thousand or crore of Rupees. An earlier order by the government provided that the pending tax credit will lapse on July 31. The order disallowed refund of accumulated input tax credit on account of inverted duty structure (when the tax on raw material is higher than that of the final product) on about ten categories of fabrics. It had created a hue and cry in textile sector. It was also not clear which credit will lapse? Players and tax experts made a series of representations to allow refund of tax credit and clear the air on other matters. Sources in the know of things said that most of the questions raised by the industry are likely to be addressed in the revised notification. A well-placed source told DNA that almost ...
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From ensuring nuclear strength to initiating a Delhi-Lahore bus service, Atal Bihari Vajpayee achieved a lot as PM 17.8.2018 DNA: Top News
Former Prime Minister Atal Bihari Vajpayee passed away on 16th August, 2018. He was 93 years old. Vajpayee has been considered by many as India’s finest prime ministers and an elder statesman in the Bharatiya Janta Party (BJP). He first served as prime minister for 13 days, and then assumed the top position in 1998-1999 when NDA-I assumed power. During his life, Vajpayee has been the recipient of several accolades, including India’s top civilian honour, the Bharat Ratna in 2015. During his leadership, five underground nuclear tests were successfully launched in Pokhran. Prior to the Kargil war in 1999, Vajpayee had initiated diplomatic peace processes with Pakistan and had even inaugurated a New Delhi-Lahor bus service in February that year. His finest hour, however, came during Operation Vijay, when the Indian Army successfully pushed back the Northern Light Infantry soldiers and Pakistani terrorists, thereby recapturing 70% of infiltrated territory. The army also successfully captured border hilltops ...
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Firms need not seek govt nod to raise CEO pay 17.8.2018 DNA: Top News
To improve ease of doing business in the country, the central government will soon relax rules related to the remuneration and appointment of chief executive and other top executives of a listed company, sources said. The Ministry of Corporate Affairs (MCA) is amending existing rules to do away with the current provisions in the law that require the public limited companies to seek central government's approval to raise chief executive officer's (CEO) pay beyond a threshold. The new rules are likely to be announced and notified later this month, according to draft rules. The amended rules will apply to top managerial positions, including that of managing directors and whole-time directors. With the change in rules, the company will be able to decide on the pay hikes through a special resolution instead of approaching the government. The public limited companies need government permission to increase managerial salaries beyond 15% of the company's profits as per the Companies Act, 2013. The provisions of ...
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BIS raid Packaged Drinking Water Manufacturing Unit 16.8.2018 Govt of india: PIB
Bureau of Indian Standards (BIS) conducted an enforcement raid recently on M/s Hi-Tech Aqua,in Mayapuri Industrial Area, Delhi. The firm was manufacturing Packaged Drinking Water packed in 20L capacity filled jars under brand “Freshier” with spurious licence no. CM/L-8726490.
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POCSOA Court observes 'personal enmity' behind man accused of molesting minor girl 16.8.2018 DNA: Money
The Special Protection of Children Against Sexual Offences act (POCSOA) court recently while granting bail to a 29-year-old man, who was accused of allegedly molesting a minor girl said, that it appears the case seems to be filed against the accused by the victim's family due to 'personal enmity'. The court also held that the investigation in the case was completed and thus passed the order. The court in its orders held, "Keeping in view the statement of the victim, possibility of accused playing with the victim as usual and the victim getting scared due to throwing her up in the air cannot be ruled out. According to the accused there was a dispute between the victim's grandfather and the accused and so he is implicated and here both the views are possible about the act of the accused. Also the investigation is virtually over. Keeping the accused behind bars would not serve the purpose". According to the accused, he was playing with the kid and he playfully threw her in the air. The child got scared and ...
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Shelter Homes Horror: Rule of law will prevail in Bihar, says Nitish Kumar 15.8.2018 DNA: Wide Angle
Bihar Chief Minister Nitish Kumar on Wednesday asserted that rule of law will prevail in the state and reiterated that those guilty in the Muzaffarpur or other such recent cases will not be spared by the government. Speaking at the 72nd Independence Day celebrations at Gandhi Maidan in Patna, Kumar gave assurance that criminals will be dealt with firmly. "Recently, some incidents have come to light, about which I assure everyone that the culprits will be punished. In some sensitive cases, quick investigation has been done and the guilty have been arrested. The court has also agreed to speedy trial," he said. A solid system for keeping criminals in check and maintaining law and order without any prejudice or bias is prevalent in Bihar. "We have never compromised on corruption and we never will in the future. Whether public servants, people's representatives or any other organisation or institution, if anyone is found indulging in corrupt practices, they will not be spared," he said. Kumar was referring to ...
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DNA MONEY EXCLUSIVE: Hindustan Unilever may have to pay GST dues of Rs 300 cr to consumers 15.8.2018 DNA: Wide Angle
Fast moving consumer goods major Hindustan Unilever Ltd (HUL) has not passed on the goods and services tax (GST) benefits to the tune of Rs 300 crore to its consumers, an investigation report submitted by the Director General of Safeguards (DGS) to the National Anti-profiteering Authority (NAA) has stated, sources said. This is over and above Rs 160 crore offered and deposited recently by the company with the government as a compensatory measure for the delay in passing on the tax cuts announced by the government last year. The dues arose as a result of the GST Council slashing the rates of close to 200 items of common use in November last year. According to the GST anti-profiteering rules, "benefits of input tax credit should have been passed on to the recipient by way of commensurate reduction in prices". The company, however, could not comply with the anti-profiteering norm when the price cuts came into effect from November 15, sources said. An investigation by DGS into the alleged profiteering by the ...
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PM’s Independence Day Speech 2018- Highlights in English 15.8.2018 Govt of india: PIB
The Prime Minster, Shri Narendra Modi today addressed the nation from the ramparts of the Red Fort on the 72nd Independence Day. Following are the highlights from his speech: Today, the country is full of self-confidence.
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Australia recommences its adoption programme with India 14.8.2018 Govt of india: PIB
The Government of Australia has decided to recommence the Adoption Programme with India, as per Hague Convention on Inter-Country Adoption. The adoptions from India had earlier been put on hold by the Government of Australia eight years ago, on the reported charges of trafficking of children for Inter-country adoption by some of the recognized Indian placement agencies (the Adoption agencies mandated to place children in Inter-country adoption at that point of time).
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“Release of compensatory afforestation fund to states will help in meeting Nation’s INDCs”: Dr. Harsh Vardhan 14.8.2018 Govt of india: PIB
Underlining that the CAF Bill was earlier passed by Lok Sabha in the year 2008, but the same could not be passed in Rajya Sabha , Union Minister for Environment, Forest and Climate Change, Dr. Harsh Vardhan said, “Now, after coming to power in 2014, our Government again took up the initiative and introduced CAF Bill in 2015 and after a lot of debate in Parliament, the Bill was passed in 2016 and the CAF Act was published on August 3, 2016”.
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Disclosure of compliance under the Sexual Harassment of Women at Workplace Act in the Annual Reports of Private companies now made Mandatory: Ministry of Corporate Affairs amends the Companies (Accounts) Rules, 2014. 13.8.2018 Govt of india: PIB
In order to ensure safe workplaces for Women in the private sector, the Ministry of Women and Child had requested Hon’ble Minister for Corporate Affairs to mandate the disclosure regarding implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act in the Directors Report of every company.
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From lynching incidents to Rahul hug: Full transcript of PM Modi's interview 12.8.2018 DNA: Wide Angle
Here is the full transcript of Prime Minister Narendra Modi’s interview with ANI ANI: You have mentioned in previous interviews that the methodology of computing job numbers is outdated and the true reflection is contrary to the present data available. What in your opinion is the present employment scenario in India and how will you increase employment opportunities? Prime Minister: I have already given a detailed reply in the Lok Sabha during the debate on No Confidence Motion. In short, the point which needs to be understood is that: When economy is growing at a faster pace, in fact fastest among the major economies, how will the jobs market not expand? When investment into and the pace of execution of infrastructure projects like making roads, laying down rail lines, setting up power generation including solar parks and transmission lines is at all-time high, how come the jobs will not be created. Similarly, if there is significant growth in sales of commercial vehicles and passenger vehicles, does it ...
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Rajasthan: Stamp duty must for documents 11.8.2018 DNA: Urban Tales
Documents with unpaid stamp duty will not be acceptable and will be impounded if produced at any of the public office. The Rajasthan Registration and Stamps department has written to all the state and central government departments concerned to screen for stamp duty violations and report the case to collector (Stamps) for further action. The recent circular insists on implementation of the provisions already contained in the registration and stamps act.  “It is due to non-compliance of these provisions that the comptroller and auditor general (CAG) has taken severe objections in several of their audit reports,” says a senior officer at the stamps department.  According to the department officials, in many instances the CAG team while auditing public offices reported stamp duty evasion. Such cases later had to be investigated by the Registration and Stamp department.  The recent circular insists that disposal of a document without payment of due stamp duty is an offence punishable with penalty of Rs 5000. ...
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Monsoon Session 2018: Consensus over Triple Talaq Bill eludes again 11.8.2018 DNA: Money
The government failed to pass the draft Bill making triple talaq a cognisable offence on the last day of Monsoon Session as the parties failed to arrive at a consensus in the Rajya Sabha on the provisions of the Bill. "The Triple Talaq Bill will not be taken up today because no consensus could be built around it," Rajya Sabha chairman M Venkaiah Naidu said as the House sat after lunch on the last day of the session. The House is expected to take up the Muslim Women (Protection of Rights on Marriage) Bill, 2017, in the winter session of Parliament. The Centre, in the meantime, is mulling over bringing an ordinance to enact the law. The original Bill was passed by the Lok Sabha last year, but had hit a road block in the Rajya Sabha where the BJP-led NDA is in minority. The government had moved the Bill almost immediately after the Cabinet gave nod on changes to its provisions diluting two contentious provisions with the hope that the Opposition will let it pass in the upper house. The changes allow only a ...
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Monsoon Session 2018: Both Houses see increased productivity 11.8.2018 DNA: Wide Angle
Both the Houses of the Parliament have significantly improved their performance in the monsoon session which came to an end on Friday. The Rajya Sabha clocked 68 per cent productivity during the 17 sittings of the session which sat for more than 67 hours and passed 14 Bills. The Lok Sabha proceedings during the Monsoon session also make it one of the most productive sessions of this government. The session saw the first no-confidence motion being taken up against the Modi Cabinet. The motion passed by TDP MP Kesineni Srinivas, which was discussed for over 11 hours and 41 minutes by 51 members, was defeated with 135 Ayes and 330 Noes. Lok Sabha Speaker Sumitra Mahajan, while applauding the House, said that of the 22 Bills government introduced, 21 were passed. "I have several times laid stress on smooth conduct of the House which is essential to maintain the credibility of Parliament. The House lost 8 hours and 26 minutes due to disruptions, but the members sat for 20 hours and 43 minutes beyond the ...
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Supreme Court: Vandalism by groups must stop 11.8.2018 DNA: Opinion
Incidents of vandalism of public and private properties by protest groups across the country are grave and must stop, the Supreme Court said on Friday, warning that it would take action and not wait for the Central government to amend law. The court asked the police to take strict action against those responsible for violence. "You may burn your house and be a hero but you cannot damage third party property," Chief Justice of India Dipak Misra said. This was after Attorney General (A-G) KK Venugopal told a bench — also comprising Justices AM Khanwilkar and DY Chandrachud — that violent protests and rioting happen almost every week in the country. The Central government's top law officer referred to pro-quota protests by Maratha groups in Maharashtra, nationwide violence following the apex court's verdict in the SC/ST Act case and recent incidents of vandalism by Kanwarias. When the film Padmaavat was to be released, one group openly threatened to cut the lead actor's nose but no FIR was lodged, he ...
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Triple Talaq Bill stuck once again 11.8.2018 DNA: Opinion
The Bill that seeks to make triple talaq a criminal offence will be taken up later as there was no consensus on it in the Upper House of Parliament whose Monsoon Session ended on Friday. The government can take it up in Winter Session (November-December). It also has the option of moving an Ordinance, or an executive order, to bring the proposed law in force till Parliament passes it. The Bill was passed by the Lok Sabha in January, but will have to be passed again there in view of recent changes made, once it is approved by the Rajya Sabha. "Triple Talaq Bill will not be taken up today because no consensus could be built around it," Rajya Sabha Chairperson Venkaiah Naidu said on Friday. Congress has protested penal provisions for the customary practice that was legal till August last year when the Supreme Court ruled it as unconstitutional. The Union Cabinet has now introduced a bail provision. The session proved to be much productive than expected this time. Apparently, aware of growing public ...
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