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Get latest articles and stories on Business at LatestLY. The National Financial Reporting Authority (NFRA) has debarred Rajiv Bengali, a chartered accountant associated with Subramaniam Bengali & Associates for professional misconduct, the Union Ministry of Finance said on Monday. Business News | NFRA Debars CA Rajiv Bengali for Five Years, Imposes Rs 5 Lakh Penalty.

A spate of urban co-op banks was either put under restriction or imposed with fine for various acts of omissions and commissions last week. At least six banks were put under Directions and four others were penalized.

Responding to a question raised by Rajya Sabha MP (member of parliament) Subramanian Swamy, the finance ministry informed the parliament that Rs10,720 crore worth old Rs1,000 and Rs500 notes did not return into circulation after demonetisation.

In Dakshina Kannada district Rs 1.92 crore demonitised currency was seized by the Police and have arrested 3 persons.Preliminary investigations suggested that the money was being brought from Chitradurga and Shivamogga districts.

Officials directed to refund cash seized during 2016 polls to farmer Published: Recipients Name Send The Judge directed the revenue authorities to adhere to Rule 2 of the Specified Bank Notes (Deposit of Confiscated Notes) Rules, 2017, and refund the amount to the farmer within four weeks. Chennai: Observing that the revenue officials, who are conferred with quasi-judicial power, cannot shrink their responsibility in considering the request ...

Surat: The Directorate of Enforcement (ED) on Thursday attached movable and immovable assets to the tune of Rs 1.12 crore of a bullion trader under the Prevention of Money Laundering Act (PMLA) in connection with a case registered during demonetisation in 2016. The ED officials in Surat started investigation under PMLA based on the FIRs registered by the CBI against bullion traders Hemanshu Shah and Maharshi Choksi, and unknown bank officers of Surat People’s Cooperative Bank. Investigation...

Highlights Shah used the photo and identity proof of one Nirav Rashmikant Shah of M/s Nirav & Co and illegally utilized the bank account for depositing demonetized SBNs He channelized the unaccounted black money into the banking system, said the ED The Surat bullion trader further utilized an amount of Rs 2.20 crores out of the illegally routed demonetized notes New Delhi: The Directorate of Enforcement (ED) has attached movable and immovable properties totalling to Rs 1.12 crore of Hemanshu R...

Updated: Dec 18, 2020, 12:58 AM IST The Directorate of Enforcement (ED) has attached movable and immovable properties totalling to Rs 1.12 crore of Hemanshu R Shah, bullion trader of Surat under the Prevention of Money Laundering Act, 2002 (PMLA) in the demonetization case.  The attached properties comprising immovable property totally valuing of Rs 94.12 lakhs consisting of Flat admeasuring 97.85 sq mtrs carpet area in Gyandeep Co-op Housing Society located at Surat and Commercial property ha...