Search Results for: limited liability

State Bank of India Vs P.V.George (Kerala High Court, 9th January 2019, RSA 1087 of 2018) will be a landmark judgement on determining liabilities in Digital Banking frauds,  much like the S.Umashankar Vs ICICI Bank in the adjudication under ITA … Continue reading →

After waiting for more than 10 months and repeated reminders at all levels including the Finance Minister and the Prime Minister, RBI finally came out with its circular of 6th July 2017 titled “Customer Protection-Limited Liability in Unauthorized Electronic Banking … Continue reading →

RBI has clarified that any unreturned notes of denominations of Rs 500 and Rs 1000 will remain as unclaimed/claimable liability on their balance sheets but will not be transferred to Government in the form of dividend. It will therefore remain … Continue reading →

We are familiar with the words “Ignorance is no excuse in law”.  But when law is in a state of constant evolution and re-interpretation, it is difficult not to question how will “Ignorance” be tested. Just as many other principles … Continue reading →

I often receive enquiries about how to respond when there is a cyber crime. I advise you to contact 112 and file the complaint as soon as you notice the crime. In case of financial frauds through bank account, credit … Continue reading →

In a highly laudable move, the TRAI has mooted an idea that Caller IDs as linked to KYC information should be displayed when a person receives the calls on a phone device. In effect this would substitute the True Caller … Continue reading →