INTER STATE TRADE AND COMMERCE Introduction Significance of Inter-State Trade and Commerce: An “thruway business” is any trade, business, transportation, or correspondence between a couple of States or between any new country and one State, or between any State and its own locale or new ships. A clear discussion of between state trade and exchange…
Seсurities аnd exсhаnge bоаrd оf indiа (issue оf сарitаl аnd disсlоsure requirements) (seсоnd аmendment) regulаtiоns, 2022 In exerсise оf the роwers соnferred under seсtiоn 30 оf the seсurities аnd exсhаnge bоаrd оf indiа асt, 1992 (15 оf 1992), the bоаrd hereby mаkes the fоllоwing regulаtiоns tо further аmend the seсurities аnd exсhаnge bоаrd оf indiа…
The offense of receiving money gained unlawfully is known as money laundering. Countries with corrupt anti-money laundering law permit’s thieves and terrorist funders to utilize their monetary benefits to further their illicit activities and support unlawful ones like drug trafficking and corruption. Despite the fact that tax evasion and terrorist funding can happen everywhere, they…
Introduction How to register as a mutual fundSEBI guides the applicant step by step after receiving the application for registration as a mutual fund. Normally, all responses are sent within 21 working days from the date of receipt of each message from the applicant during the registration process. So the total registration time depends on…
KYC or ‘Know Your Customer’ is systematic mechanism devised by the Government to try and bring a halt to the financial crimes as well as the illegal practise of money laundering under the Prevention of Money Laundering Act of 2002. It entails a mandatory procedure for the proper verification of the client/customer’s identity and their…
Money laundering can be appropriately described as an activity, deemed illegal as per the law of the land, which involves the intentional covering-up of the money and its forging, which has been obtained from illicit activities like corruption, trafficking of drugs, gambling, illegal trading, prostitution rings, sale of arms and weapons etc. The individuals involved…
Money laundering undermines financial firms that are vital for economic progress, encourages fraud and terrorism that impede productivity expansion, and lowers productivity in the rest of the economy. The majority of international research is focused on the drug trade and terrorist groups which are mainly the two money-laundering industries. It is evident what happens when drug money…
INTRODUCTION: Foreign direct investment simply means purchasing of interest in the company by an investor or a company located outside boarders. Foreign direct investment holds really important place in running economy. Companies considering a foreign direct investment generally look only at companies in open economies that offer a skilled workforce and above-average growth prospects…
Money laundering is the illegal practise of making “dirty” wealth appears legitimate instead of poorly, and its prevention is urgently needed. Global tax evasion is thought to account for between 2 and 5 percent of global GDP, as per IMF. The ‘European Communities Directive and Convention on the Laundering, Search, and Confiscation of the Proceeds of Crime’ defines…
Intrоduсtiоn Debenture inсludes debenture stосk, bоnds оr аny оther instrument оf а соmраny thаt is evidenсe оf а debt, whether it hаs оr nоt соnstituted а сhаrge оn the аssets. [seсtiоn 2(30)] Issue оf shаres is the рrосess by whiсh соmраnies раss оn new shаres tо shаrehоlders, whо саn be either individuаls оr соrроrаtes. While…
