Curbing black money .............................................................................. 10
iii. Transparency ........................................................................................... 11
iv. Objections of RBI and ECI to the Electoral Bond Scheme .................. 13
v. Electoral Bond Scheme ... Companies Act 20136.
A. Background
2. Section 31 of the RBI Act stipulates that only the RBI or the Central
Government authorized by the RBI
issues:
i. Whether the Reserve Bank of India (hereinafter
referred to as RBI) is required to issue any circular or
guidelines prohibiting the Banks ... practice is that “if the Banking Regulation Act, 1949
requires that the RBI shall discharge certain functions in the
public interest and the RBI does
transaction contemplated under the Master
Agreement is violative of RBI Notification dated 03/05/2000 under
the Foreign Exchange Management Act, 1999 ("FEMA ... While advancing his submission about the Master
Agreement being violative of RBI Notification, Foreign
Exchange Management Act, 1999 as well as the Foreign
Exchange Management
various circulars
issued by the Reserve Bank of India (hereinafter "RBI") due to then
prevailing COVID-19 pandemic. Further, the respondent‟s loan ... null and void
on the ground that the same is violative of RBI‟s guidelines and contrary to
the orders passed
comply with the settlement period
prescribed under the Reserve Bank of India (RBI)
Guidelines;
(c) Commission for payment processing not being
charged ... complete code” or that the RBI
is a self-contained machinery which can grant all the remedies that a
civil court can grant. No pleadings
respondent - bank.
It is submitted that the petitioner - bank was conveyed by RBI's
Supervisory letter dated 23.05.2023 with respect to major
observations pointed ... bank as on 31.03.2022, which
are as under:-
(i) Non-adherence to RBI guidelines pertaining to NPA, Cyber
Security Controls, divergence of funds and identification
disclosures made, the respondent-assessee had made a
declaration before the RBI that the said LO would not represent any
party other than Western Union ... parties in direct contact with Wester Union's
principal offices.
9
RBI
10
1973 Act
11
LO
Signature Not Verified
Digitally Signed
ITA 1288
disclosures made, the respondent-assessee had made a
declaration before the RBI that the said LO would not represent any
party other than Western Union ... parties in direct contact with Wester Union's
principal offices.
9
RBI
10
1973 Act
11
LO
Signature Not Verified
Digitally Signed
ITA 1288
disclosures made, the respondent-assessee had made a
declaration before the RBI that the said LO would not represent any
party other than Western Union ... parties in direct contact with Wester Union's
principal offices.
9
RBI
10
1973 Act
11
LO
Signature Not Verified
Digitally Signed
ITA 1288
disclosures made, the respondent-assessee had made a
declaration before the RBI that the said LO would not represent any
party other than Western Union ... parties in direct contact with Wester Union's
principal offices.
9
RBI
10
1973 Act
11
LO
Signature Not Verified
Digitally Signed
ITA 1288
