Benami News

AgustaWestland: Will Michel be extradited? Here is exactly what the UAE court said

AgustaWestland: Will Michel be extradited? Here is exactly what the UAE court said

In addition to his links with the media, the CBI has also found that he had several assets (benami) in India. A bungalow in Delhi and a luxury car is what the CBI has found and officials say that he had purchased this in a benami name. While his ...and more »

AgustaWestland: To be extradited, Michel was media fix it guy in India

AgustaWestland: To be extradited, Michel was media fix it guy in India

He received these amounts in part payments at United Kingdom, the British Virgin Islands and also Tunisia. In addition to his links with the media, the CBI has also found that he had several assets (benami) in India. A bungalow in Delhi and a luxury ...and more »

From Oct 2, unlisted companies to issue new shares in demat form: Government

From Oct 2, unlisted companies to issue new shares in demat form: Government

Further, the move would help improve the corporate governance system by increasing transparency and preventing mal-practices such as benami shareholding and back-dated issuance of shares, it said. "Unlisted public companies are expected to facilitate ...

Anti-money laundering body gets new member after 5-month delay

Anti-money laundering body gets new member after 5-month delay

New Delhi, Sep 16 A new member has been appointed to the Adjudicating Authority of the PMLA by the government after over 5 months of the vacancy being created in the body that is also handling cases under the benami law as a temporary measure ...and more »

IRCTC scam: Court reserves order on summoning Lalu, others

IRCTC scam: Court reserves order on summoning Lalu, others

The CBI FIR had alleged that Yadav, during his tenure as the railway minister in UPA-I government, handed over the maintenance of two IRCTC hotels to a company in 2004 after receiving a bribe in the form of a prime land in Patna through a 'benami' ...

Government to make it compulsory for unlisted firm to issue shares in demat form

Government to make it compulsory for unlisted firm to issue shares in demat form

NEW DELHI: The government will soon make it mandatory for unlisted companies to issue new shares only in the dematerialised form, senior officials said, amid intensified efforts to fight the black money menace. Besides, the unlisted corporates would ...

Amid concerns, govt may rework disclosure requirements by companies

Amid concerns, govt may rework disclosure requirements by companies

... requirements to provide for complexities involved in reporting “significant beneficial ownership” in step-down subsidiaries, besides clarifying norms for trusts holding shares in companies, even as it is looking at amendments to the law to block ...

India Devalued Its Largest Banknotes Two Years Ago, But People Are Still Using More Cash Anyway

India Devalued Its Largest Banknotes Two Years Ago, But People Are Still Using More Cash Anyway

They are also unlikely to use the digital app Modi promoted as a replacement for cash. The corrupt money Modi sought may instead be circulating in the form of land deals, luxury watches, or other off-books good through so-called “benami” deals.

CBI files chargesheet against journalist Upendra Rai and associate

CBI files chargesheet against journalist Upendra Rai and associate

He further informed Wadhawan that he had sensitive information from the I-T department relating to the raids to be conducted on the companies related/associated to White Lion, adding that action would be taken against the company under Benami Act as ...and more »

Raghuram Rajan's NPA system behind economic slowdown: Niti Aayog VC Rajiv Kumar

Raghuram Rajan's NPA system behind economic slowdown: Niti Aayog VC Rajiv Kumar

On demonetisation, Kumar said it intensified the crackdown on black money and benami transactions in the economy. “My views on GDP's decline being unrelated to solely demonetisation & having begun way before with stricter norms of NPA by RBI under ...