Benami Transactions in India: A Historical and Legal Perspective

Authored by: Anupam Pandey, Associate Introduction Benami transactions have been a long-standing concern in India, deeply rooted in historical practices and contemporary economic offences. The term “Benami” itself, derived from Urdu, translates to “without name” or “no name.” In essence, Benami transactions involve property transfers where the property is held in the name of one […]

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FDI Reporting Requirements Simplified By RBI

The Reserve Bank of India (RBI) vide A.P (DIR Series) Circular No. 30 dated June 07, 2018 (FDI Circular) simplified the foreign investment reporting by the Indian entities, by consolidating 9 different forms viz., FCGPR Form, FCTRS Form, LLP (I) Form,  LLP (II) Form, CN Form, DRR Form, ESOP Form, DI Form and INVI Form, […]

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Bank of Baroda Vs. Kotak Mahindra Bank Ltd. – Limitation for execution of Foreign Decree

(Whether it raises more questions than it answers- An analysis.) In a recent judgment the Hon’ble Supreme Court delved into a significant question of limitation for filing an application for execution of a foreign decree of a reciprocating country in India. Apposite facts of the case: Visa Bank, the predecessor of the respondent Kotak Mahindra […]

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