Sunday, February 17, 2019
Latest:
  • Jalan to submit report on RBI reserve in April’19
  • Mutual funds have Rs 8,650 crore exposure to DHFL & four group entities
  • LIC Housing Finance reports 26% jump in Q3 profit
  • Mumbai Co-op bank with zero NPA gets award
  • FUGITIVE ECONOMIC OFFENDERS ACT, 2018
Banking Finance – News, Articles, Statistics, Banking Exams, Banking Magazine

Banking Finance – News, Articles, Statistics, Banking Exams, Banking Magazine

Knowledge Portal for Banking and Finance Industry. Covers Latest developments, news, articles in the banking and finance sector

  • Articles
  • Banking News
  • Other News
    • Housing News
    • Industry News
    • Insurance News
    • GST News
    • Legal News
    • Mutual Fund News
    • RBI
    • Stock Market News
  • Magazine
  • Cover Story
  • More
    • Banking Exams
    • Directory
    • Events
    • Insurance Books
    • Interview
    • Mutual Fund NAV
    • Resources
    • Statistics
  • Advertisement
  • About
  • Contact
Legal Corner 

Directorate of Revenue Intelligence cannot freeze bank account

October 5, 2018 admin 158 Views 0 Comments freeze bank account, Revenue Intelligence

The Delhi High Court recently set aside the letter of the Directorate of Revenue Intelligence asking Union Bank of India to freeze the current account of a firm and calling upon the bank not to permit any withdrawal till further communication. The bank account of the proprietor of the readymade garment manufacturer was frozen because of fraudulent exports by some other firms.

The high court stated in its judgment, R K Impex vs Union of India, that the authorities were not able to show any power under the Customs Act to take such action on bank accounts. The authorities have the power to search premises and seize goods but they have no power to issue a letter to the bank as they did.

  • ← Bank of Maharashtra takes steps to improve operational efficiency
  • Interview with Bala Parthasarathy, Co-founder & CEO, MoneyTap →

New Book Release

https://www.youtube.com/watch?v=qE_3fG3pE8A
https://www.youtube.com/watch?v=3c56pVlVybs

Get your own website with FREE Content

agent website







Recent Posts

  • Jalan to submit report on RBI reserve in April’19
  • Mutual funds have Rs 8,650 crore exposure to DHFL & four group entities
  • LIC Housing Finance reports 26% jump in Q3 profit
  • Mumbai Co-op bank with zero NPA gets award
  • FUGITIVE ECONOMIC OFFENDERS ACT, 2018



https://www.youtube.com/watch?v=9WDQsPiXf1g

Brief Intro

The portal  bankingfinance.in has been sponsored by The Insurance Times Group.  The group ventured to publish the first monthly journal on Insurance in India in the year 1981 which is still is the most widely read Insurance Journal in India.  In the year 1988 we published Banking Finance an exclusive journal on Banking and Finance Segment.  Since then we have covered many milestones and our readership is growing from strength to strength.

News Stand

  • Banking News
  • Cooperative Bank News
  • GST News
  • Housing News
  • Industry News
  • Insurance News
  • Mutual Fund News

Misc Menu

  • Banking Exams
  • Events
  • Insurance Books
  • Magazine
  • Resources
  • Statistics
  • Directory

Write to us

Bankingfinance.in

25/1, Baranashi Ghosh Street, Near Girish Park, Kolkata – 70007, India
033-22184184
033-22696035
033-40078428
033-40078429
info@bimabazaar.com

Group Websites
www.sashipublications.com
www.bankingfinance.in
www.prgindia.com
www.irdamocktest.info
www.irdaexam.com
www.insurancetrainingcentre.com

Copyright © 2017 Sashi Publications Pvt. Ltd. All rights reserved. Best viewed in 1366x768 resolution in Google Chrome, Mozilla.