Finolex Industries Ltd. and Anr. vs RBI and Ors.
Master Circular on Wilful Defaulters dated 01 July 2008: Purpose of Circular to cover wilful defaults of dues by a borrower to bank and also by a client of bank under other banking transactions-Interpretation of definition of ‘wilful default’ in Circular, RBI empowered to call for information relating to defaulting party-The purpose of the Master Circular on Wilful Defaulters dated 01 July 2008, being to caution banks and financial institutions from giving any further [LexDoc Id : 434885]
RBI vs CRB Capital Markets Ltd.
SEBI Act 1992 and RBI Act 1934: Acts special and complete codes in themselves-Overriding effect over Companies Act 1956-The provisions of the Securities and Exchange Board of India Act 1992 and of the Reserve Bank of India Act 1934, being special and complete codes in t [LexDoc Id : 437929]
All Kerala Association of Chit Funds vs UOI
Service-Tax - Taxable Service-Chit Fund Business v. Banking and Other Financial Services-After amendment of S. 65(12)(a)(v) of the Finance Act, 1994 w.e.f. 2007, the activity of running a chit fund is a taxable service.
Ss. 65(12)(a)( [LexDoc Id : 440855]