Tag: prevention of money laundering act

SC defers to Oct 3 hearing on pleas seeking reconsideration of 2022 PMLA verdict

September 18, 2024 admin

A view of the Supreme Court (SC) of India. | Photo Credit: Sushil Kumar Verma The Supreme Court on Wednesday (September 18, 2024) deferred to October 3 the hearing on a question whether its 2022 verdict upholding the Enforcement Directorate’s powers to arrest and attach property under the Prevention of Money Laundering Act required any…

Nation

Supreme Court to consider setting up Bench to hear pleas against passage of laws as Money Bills

July 15, 2024 admin

A view of Supreme Court of India. File | Photo Credit: The Hindu The Supreme Court on July 15 agreed to consider a submission for setting up a constitution Bench to hear pleas challenging the validity of passage of laws such as the Aadhaar Act as Money Bills allegedly to bypass the Rajya Sabha. A…

Nation

Can’t Invoke Anti-Money Laundering Act Unless…: Supreme Court’s Big Ruling

March 27, 2024 admin

Section 120B of IPC provides for punishment for a criminal conspiracy. New Delhi: The Supreme Court has dismissed a petition seeking review of its verdict which held that a person cannot be booked under the Prevention of Money Laundering Act (PMLA) by invoking Section 120B of the IPC if the alleged criminal conspiracy was not…

Nation

Enforcement Directorate questions Paytm executives; gets documents on latest RBI action

February 15, 2024 admin

Paytm said its associate Paytm Payments Bank Limited does not undertake outward foreign remittances. | Photo Credit: Reuters “The Enforcement Directorate (ED) has questioned senior Paytm executives and taken submission of documents from them following the recent Reserve Bank of India (RBI) action of barring Paytm Payments Bank Limited from accepting deposits or top-ups in…

Business

Morning Digest | Egypt to open Gaza border crossing for aid; SC to hear pleas on the arrest of NewsClick founders, and more

October 19, 2023 admin

People hold up signs during a demonstration calling for a ceasefire in Gaza near the Capitol in Washington on on October 18, 2023. | Photo Credit: AP Egypt to open Gaza border to allow in 20 trucks with aid U.S. President Joe Biden on Wednesday said Egypt’s president has agreed to open a border crossing…

World