Judgment Search Results Home > Cases Phrase: financial obligations Page 97 of about 60,246 results (0.038 seconds)

Vijay Madanlal Choudhary Vs. Union Of India

Court : Supreme Court of India

..... institutions and intermediaries should be required to furnish information of transactions to the director instead of commissioner of income-tax (e) the banking companies should also be brought within the ambit of clause ii relating to obligations of financial institutions and intermediaries; (f) a definite time-limit of 24 hours should be provided for producing a person about to be searched or arrested person before the gazetted officer or magistrate; (g) the words unless otherwise proved to the satisfaction of the ..... (xv) to illustrate the global development of the approach against money-laundering, 1991 money laundering directive ( first directive ) adopted by the european union is cited which imposed obligations on credit institutions and financial institutions in 117 relation to customer identification and record-keeping, internal controls and training of staff and mandatory reporting of suspicious transactions ..... . before the expiry of the statutory period relating to the provisional attachment order, the director or any other officer not below the rank of deputy director immediately after attachment under sub- section (1) is obliged to forward a copy of the provisional attachment order to the three-member adjudicating authority (appointed under section 6(1) of the 2002 act, headed by, amongst other, person qualified for appointment as district judge), in a sealed envelope under section ..... chapter iv deals with obligations of the banking companies, financial institutions and intermediaries .....

Securities Exchange Board Of India Vs. Franklin Templeton Trustees Ser ...

Court : Karnataka

..... of account or the affairs of the mutual fund, trustee or asset management company: provided that the auditor so appointed shall have the same powers of the inspecting officer as stated in regulation 61 and the obligation of the mutual fund, asset management company, trustee, and their respective employees in regulation 63, shall 312 be applicable to the investigation under this regulation.275. ..... an authority; (iii) a statutory body; (iv) an instrumentality or agency of the state; (v) a company which is financed and owned by the state; (vi) a private body run substantially on state funding; (vii) a private body discharging public duty or positive obligation of public nature; and (viii) a person or a body under liability to discharge any 262 function under any statute, to compel it to perform such a statutory function. ..... complaint made by the petitioner, the allegation against amc and the trustees and their directors was of commission of the offences under the provisions of the tamil nadu protection of interest of investors (in financial establishments) act, 1970 (for short, the tamil nadu act ) as well as the offences punishable under the provisions of the indian penal code. ..... there is also an obligation to disseminate accurate information about the financial position and general affairs ..... as contemplated by regulation 54 read with eleventh schedule, the amc is under an obligation to prepare an annual report and statement of accounts of each schemes in respect of each financial year. .....

Swaraj Abhiyan Vs. Union of India and Ors.

Court : Supreme Court of India

..... 3, every state government shall, within six months from the date of commencement of this act, by notification, make a scheme, for providing not less than one hundred days of guaranteed employment in a financial year to every household in the rural areas covered under the scheme and whose adult members, by application, volunteer to do unskilled manual work subject to the conditions laid down by or under this act ..... another constitutional obligation of providing adequate medical services to the people and held in paragraph 16 of the report as follows: it is no doubt true that financial resources are ..... government of india to increase the minimum statutory obligation of 100 days employment per rural household by another 50 days for drought affected states for the year 2016-17 and to release the additional financial requirements well in time.11. ..... that the government of india and the concerned state governments are obliged to ensure that adequate budgetary provision is made for the financial implementation of the scheme. ..... obligation to provide free legal aid to a poor accused this court has held that the state cannot avoid its constitutional obligation in that regard on account of financial ..... it cannot avoid its constitutional obligation to provide free legal services to a poor accused by pleading financial or administrative inability. ..... financial issues and prioritization of finances, this court should defer to the priorities determined by the state, unless there is a statutory obligation that .....

Permian BasIn Area Rate Cases

Court : US Supreme Court

..... responsibilities of a reviewing court are to determine whether the fpc abused or exceeded its authority, whether each of the order's essential elements is supported by substantial evidence and whether the order may reasonably be expected to maintain financial integrity, attract needed capital and fairly compensate investors for risks they have assumed while appropriately protecting relevant public interests, both existing and foreseeable. pp. ..... cannot confine its inquiries either to the computation of costs of service or to conjectures about the prospective responses of the capital market; it is instead obliged at each step of its regulatory process to assess the requirements of the broad public interests entrusted to its protection by congress. ..... here no evidence of financial or other difficulties that required the commission to relieve the producers, even obliquely, from the burdens of their contractual obligations. ..... its order properly be set aside merely because the commission has, on an earlier occasion, reached another result; administrative authorities must be permitted, consistently with the obligations of due process, to adapt their rules and policies to the demands of changing circumstances. ..... third, the court must determine whether the order may reasonably be expected to maintain financial integrity, attract necessary capital, and fairly compensate investors for the risks they have assumed, and yet provide appropriate protection to the relevant public interests, both existing .....

Harris Vs. Mcrae

Court : US Supreme Court

..... ultimately, the district court, granting injunctive relief, held that the hyde amendment had substantively amended title xix to relieve a state of any obligation to fund those medically necessary abortions for which federal reimbursement is unavailable, but that the amendment violates the equal protection component of the fifth amendment's due process clause and the free exercise ..... elsewhere for her abortion"; this is "disingenuous and alarming"; the government "punitively impresses upon a needy minority its own concepts of the socially desirable, the publicly acceptable, and the morally sound"; the "financial argument, of course, is specious"; there truly is "another world out there,' the existence of which the court, i suspect, either chooses to ignore page 448 u. s. ..... * i agree entirely with my brother stevens that the state's interest in protecting the potential life of the fetus cannot justify the exclusion of financially and medically needy women from the benefits to which they would otherwise be entitled solely because the treatment that a doctor has concluded is medically necessary involves ..... 510 , government therefore has an affirmative constitutional obligation to ensure that all persons have the financial resources to obtain contraceptives or send their children to ..... if congress chooses to withdraw federal funding for a particular service, a state is not obliged to continue to pay for that service as a condition of continued federal financial support of other services. .....

Commissioner of Income-tax Vs. Chhatrapati Sahakari Sakhar Karkhana Lt ...

Court : Mumbai

Reported in : 2000(3)BomCR727; (2000)2BOMLR519; [2000]245ITR498(Bom)

..... he pointed out that, in the present matter, the society had no right to appropriate the deduction towards any other purpose except to discharge the liabilities of the financial institutions and the government and, thereafter, return the deposits in the form of shares to the producer-member which was not the case in bazpur co-operative sugar factory ..... the assessee has not dis-charged its liabilities to the financial institutions and the state government so that it could go on receiving the alleged deposits particularly in view of the fact that it was obliged to repay only after discharging' its liabilities to the government and the financial institutions. ..... purpose of collecting the deposits from the cane growers by way of deduction from the cane price was to secure funds to repay the loans taken from the financial institutions, to repay the capital provided by the state government and then to convert the deposit into share capital ? ..... circumstances of the case, the tribunal was justified in law in holding that 'what is relevant to see is not how the amount was collected and when it was collected, but with what obligation it was collected', [in total disregard of the supreme court's decisions in bazpur co-operative sugar factory ltd. ..... so long as the karkhana has not fully repaid the share 'capital contributed by the government and/or the loans taken on block capital account from the financial institutions, the board of directors will pay the price as fixed by the state government. .....

Ranga Reddy District Sarpanches' Association and Ors. Vs. Government o ...

Court : Andhra Pradesh

Reported in : 2004(2)ALD1; 2004(1)ALT659

..... calculus, despite the inconclusiveness of the language in article 243g at least signal a discernable autonomy in the area of governance, in identifying local needs, aspirations, prioritizing local development choices, husbanding financial resources to meet the prioritized local and neighbourhood objectives, a freedom of choice devolved upon democratically elected representatives of the local populace, to experiment in the art of governance and to learn the ..... be within one year from the commencement of the constitution (seventy-third amendment) act, 1992 and thereafter at the expiration of every fifth year, constitute a finance commission to review the financial position of the panchayats and to make recommendations to the governor as to--(a) the principles which should govern--(i) the distribution between the state and the panchayats of the net proceeds of the ..... to, or appropriation by, panchayats of the revenues of designated taxes, duties, tolls and fees; setting up of a finance commission within one year of the proposed and thereafter every 5 years to review the financial position of panchayats; auditing of the accounts of the panchayats; powers of state legislatures to make provisions with respect to elections to panchayats under the superintendence, direction and control of the chief electoral officer ..... financial powers and obligations:gram panchayat:(a) a gram panchayat is ordained to levy house tax and tax on the village produce sold in the village and such other taxes as .....

Transcore Vs. Union of India (Uoi) and anr.

Court : Supreme Court of India

Reported in : AIR2007SC712; 2007(1)ALD109(SC); I(2007)BC33(SC); [2007]135CompCas1(SC); (2007)1CompLJ1(SC); 2006(5)CTC753; 135(2006)DLT151(SC); (2007)1MLJ929(SC); 2006(12)SCALE585; (2008)

..... the borrower company does not repay, becomes a defaulter and does not keep up the value of the financial asset which depletes then the borrower fails in its obligation which results in a mis- match between the asset and the liability in the books of the bank/ ..... submitted that in exercise of powers conferred under section 40(1) of the npa act, the central government has issued an order called the 'securitisation and reconstruction of financial assets and enforcement of security interest (removal of difficulties) order, 2004 ('order 2004') making the provision for levying of fees for filing of appeals. ..... - the fee for filing of an appeal to the debts recovery appellate tribunal under sub-section (1) of section 18 of the securitisation and reconstruction of financial assets and enforcement of security interest act, 2002 shall be mutatis mutandis as provided for filing of an appeal to the debts recovery appellate tribunal under rule 8 of the debts recovery appellate tribunal (procedure) rules, 1994.it is ..... - the fee for filing of an appeal to the debts recovery tribunal under sub-section (1) of section 17 of the securitisation and reconstruction of financial assets and enforcement of security interest act, 2002 shall be mutatis mutandis as provided for filing of an application to the debts recovery tribunal under rule 7 of the debts recovery tribunal (procedure) rules ..... however, b will often have some security which covers the obligation of a, say, in the form of an asset over which b can .....

J.K. Industries Ltd. and anr. Vs. Union of India (Uoi) and ors.

Court : Supreme Court of India

Reported in : [2008]143CompCas325(SC); (2008)5CompLJ369(SC); (2007)213CTR(SC)301; [2008]297ITR176(SC); 2007(13)SCALE204; [2007]80SCL283(SC); 2007AIRSCW7443

..... since it deals with only presentation, there can never be any conflict between the provisions of the said act and the accounting standards issued by the institute in discharge of its statutory obligations under the chartered accountants act, 1949 read with the companies act, 1956 which requires that every corporate enterprise must maintain such books as are necessary to give a 'true ..... following instructions while complying with accounting standards under these rules:-1.1 the smc which does not disclose certain information pursuant to the exemptions or relaxations given to it shall disclose (by way of a note to its financial statements) the fact that it is an smc and has complied with the accounting standards insofar as they are applicable to an smc on the following lines: 'the company is a small and ..... the directors (including managing directors), or manager, if any, by the company, the subsidiaries of the company and any other person:-(i) managerial remuneration under section 198 of the act paid or payable during the financial year to the directors (including managing directors), manager, if any;(ii) ***;(iii) ***;(iv) ***;(vi) other allowances and commission including guarantee commission (details to be given);(vii) any other perquisites or benefits in ..... is generally used in valuation and disclosure of financial instruments, derivatives, conversions, auctions in a bond, business combinations, impairment of assets, retirement obligations, transactions involving exchange of assets .....

Rajshree Sugars and Chemicals Limited Rep. by Its Director and Chief O ...

Court : Chennai

Reported in : 2008BusLR908; 2009(1)CTC227; (2008)8MLJ261

..... not permitted; (b) that the deal was not with reference to any particular underlying exposure and hence it was violative of the master circulars; (c) that the defendant bank had an obligation under the master circulars to see that there is a risk management policy in place in the plaintiff company and that they failed to ensure this; and (d) that the payment ..... by section 23 of the indian contract act, 1872; (c) that the defendant-bank failed to make a study of the risk management policy of the plaintiff-company and the chief financial officer-cum-company secretary of the plaintiff-company also acted without authority in signing such a contract forbidden by law; and (d) that when the whole contract is vitiated and unenforceable, ..... senior counsel appearing for the defendant-bank contended -(a) that the suit itself is not maintainable in view of the provisions of section 18 of the recovery of debts due to banks and financial institutions act, 1993; (b) that no injunctive relief of the nature prayed for, can be granted in view of section 41(b) of the specific relief act, 1963; (c) that the ..... of a 'put option' has the right, but not the obligation to sell an agreed quantity of a particular commodity or financial instrument (underlying instrument), to the seller (or writer) at a certain ..... buyer of a 'call option' has the right, but not the obligation to buy an agreed quantity of a particular commodity or financial instrument (underlying instrument), from the seller (or writer) at a certain .....