Company & PMLA
ED Conducts Raids on Businessman Vikas Garg in Rs. 190-Crore Customs Duty Evasion & Money Laundering Case
The Enforcement Directorate (ED) on Wednesday carried out extensive search operations at several premises linked to Delhi-based businessman Vikas Garg, now known as the chairman of Ebix Inc, as...
Company & PMLA
Mere Issuance Of Form 15CB By CA Does Not Amount to Abetment Of Money Laundering: Supreme Court
In a significant ruling safeguarding the professional responsibilities of Chartered Accountants (CAs), the Supreme Court has upheld that merely issuing Form 15CB under the...
Company & PMLA
PMLA | Possession of Unexplained Cash, Gold Not Linked to Official Duty Of Public Servant; No Sanction Needed for Cognizance: Rajasthan HC
The Rajasthan High Court, Jaipur Bench, possession of unexplained cash and gold has no nexus with official duties of the public servant. Therefore, prosecution...
Company & PMLA
Coal Block Allocation Is ‘Property’ Under PMLA: Delhi HC Upholds ED’s Power to Attach Rs. 227-Crore Assets
The Delhi High Court has held that a coal block allocation constitutes “property”, and any financial gains derived from its misuse can be treated...
Company & PMLA
MCA Portal Glitches Continue to Trouble Professionals Despite Deadline Extension
Company secretaries, chartered accountants, and other compliance professionals are grappling with persistent technical glitches on the Ministry of Corporate Affairs’ (MCA) Version 3 portal,...
Company & PMLA
Rs. 12.8 Crore Frozen : ED Raids 20 Locations in Karnataka, Haryana in Illegal Iron Ore Export Case
The Directorate of Enforcement (ED) on Thursday carried out extensive search operations across 20 locations in Bengaluru, Hospet, and Gurugram (Haryana) in connection with...
Company & PMLA
ED’s Selective Approach in Liquor Scam Probe Not Illegal But Procedurally Irregular: Chhattisgarh HC Dismisses Plea Challenging Arrest
The Chhattisgarh High Court has dismissed the plea challenging the arrest and held that ED’s selective approach in the liquor scam probe was not...
Company & PMLA
Indian Currency Can Be Seized Under FERA: Delhi HC Upholds ED’s Confiscation
The Delhi High Court has held that Indian currency can be seized and confiscated under the provisions of the Foreign Exchange Regulation Act, 1973...
Company & PMLA
ED Restores Rs 175 Crore Properties to Udaipur Homebuyers, Wins Supreme Court Praise
In a landmark move, the Enforcement Directorate (ED) has restored over 350 immovable properties, including residential flats, commercial units, and plots worth Rs 175...
Company & PMLA
ED Attaches Rs. 71 Crore Worth of Properties Linked to IAS Officer in Vasai-Virar Illegal Construction Scam
The Enforcement Directorate (ED), Mumbai, has attached immovable assets valued at Rs. 71 crore belonging to senior IAS officer and former Vasai Virar Municipal...
Company & PMLA
Relief for Exporter in Case Involving ED, Customs Over Unrealised Export Proceeds: Madras High Court Quashes FERA Penalty
The Madras High Court has set aside penalties imposed by the Enforcement Directorate (ED) under the repealed Foreign Exchange Regulation Act (FERA), 1973, after...