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FIDUCIARY DEFINITION
Informal ‘benami’ investments may now face confiscation; Supreme Court ruling puts family property deals under scannerWhere family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangem...- Word of the day: FiduciaryToday's word of the day 'fiduciary' describes relationships built on legal and ethical trust, where one party must act in another’s best in...
- ET Graphics: Decoding India’s new data protection rulesET decodes what the regime will mean for diverse groups, explains the staggered implementation of provisions and traces the twists and turn...
- DPDP rules chart clear path for data handling by cos; experts say phased roll-out eases complianceAs per Murali Rao, Partner and Leader, Cybersecurity Consulting, EY India, the rules set fixed obligations, which lead to increase in the c...
- Appellate Tribunal rules employees can hold cash for employers without it being 'benami transaction'The appellate tribunal has ruled that employees holding cash in a fiduciary capacity for their employers are not engaged in benami transact...
- New data law will be an ever-evolving act: MoS IT Rajeev ChandrasekharMinister of State for Electronics and IT, Rajeev Chandrasekhar, says the new data law will be an ever-evolving act and its provisions will ...
- Centre's stand sought on plea against inclusion of CAs under money laundering lawThe court, while listing the case for further hearing on October 4, noted that at this stage, the petitioner was not extending his challeng...
- Will notify Data Protection Board, rules soon: MoS IT Rajeev ChandrasekharDPB is a crucial element of the new privacy law and will act as a data regulator. It will inquire into privacy breaches and impose penaltie...
- Delhi HC to hear on Monday plea against inclusion of CAs under money laundering lawA Delhi High Court will hear a petition challenging the inclusion of chartered accountants, company secretaries and cost accountants under ...
- How can Sebi keep AMCs and mutual fund investors happy? A Balasubramanian answersIn fact, if one looks at the AMC growth versus the profitability, the growth would be far higher than the profitability.I think profitabili...
- Tech MNCs seek clarity on proposed data storage rulesIf the definition of trusted geographies changes too quickly – depending on geopolitics – significant investments in data storage units may...
- Free cross-border flow of data within trusted nations mootedIn the draft Bill, the government has retained the definition of 'child' to be anyone who has not attained the age of 18 and mandated that ...
- Free cross-border flow of data within trusted nations mootedThe latest draft of the Digital Personal Data Protection Bill, 2022, which was released for public consultation on Friday, has proposals fr...
- How JPC recommendations on Personal Data Protection Bill compare with GDPR?In the original Personal Data Protection Bill of 2019 and, the recommendations provided by the JPC, some concepts like data fiduciary, data...
- Rs 25 lakh fine on ICRA, CARE too paltry for IL&FS lapse: Shriram Subramanian, InGovernSebi said there was no mala fide intent, but ICRA had dismissed its CEO and even the MD stepped down.
- Draft privacy data bill doesn’t add up for fintech companiesThe bill proposes mandatory storage of critical personal data within India only, and leaves the definition of ‘critical data’ for the minis...
- Budget 2013: Support services of airport should be termed as infrastructure, says FICCIThese services include fuel facility, parking, cargo etc. No airport can function in absence of these facilities.
- Benami exemption list likely to be prunedThe government is likely to curtail the list of entities exempted from the proposed Benami Transactions (Prohibition) Act to give more teet...
- Benami deals in name of wife, kids to be legitimisedUnion Cabinet on Thursday approved the replacement of the existing Benami Transactions (Prohibition) Act 1988 with a new law, Benami transa...
- Black money: Cabinet approved new act to deal with benami transactionsThe government today approved a proposal to bring a new legislation for stricter control over benami transactions.
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