Persons of Indian Origin
PIO for this purpose is defined in Regulation 2 of FEMA Notification ibid as a citizen of any country other than Bangladesh or Pakistan, if
(a) he at any time held Indian passport; or
(b) he or either of his parents or any of his grandparents was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955); or
(c) the person is a spouse of an Indian citizen or a person referred to in sub-clause (a) or (b).
By
Siddharth Dalmia, B.Tech.(DAIICT)
Securities?
The term “securities” has been defined under Section 2(h) of the Securities Contracts (Regulation) Act, 1956 to include: 1. shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company...
Process of Criminal Trial in India
*The flow chart below is indicative & for general guidance only. India has a well-established statutory, administrative and judicial framework for criminal trials. Indian Penal laws are primarily governed by 3 Acts: The Code of Criminal Procedure, 1973 (Cr.P.C.);...
PMLA
INTERPOL's definition of money laundering is: "any act or attempted act to conceal or disguise the identity of illegally obtained proceeds so that they appear to have originated from legitimate sources". Illegally obtained funds are laundered and moved around the...
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