What is a Related Party Transaction? Under Section 188 of Companies Act, 2013 Entering into any contract or arrangement with a related party with respect to:- a) Sale, purchase or supply of any goods or materials; b) Selling or otherwise disposing of, or buying, property of any kind; c) Leasing of property of any kind; d) Availing or rendering of any services;
PFA
ICAI launches National Helpline for Members and Students
ICAI Press Release Dated 04-02-2015
We are pleased to inform our members and students that ICAI National Helpline has been launched by Chief Guest Hon'ble Union Minister for Railways Shri CA. Suresh Prabhu, during the inaugural session of the International Conference held at Bangalore.
ICAI National Helpline is an IVR based facility and is available 24*7 for both members and students. Members or students of ICAI can call any of the given numbers any time as per the convenience. Varied details for members like member status, COP status, Firm status, information of CPE hours, membership fee details etc. and for students details like Article Registration status, article re-registration status etc. are available in the system. In case any specific query is not resolved by through IVR operator assistance is also available during office hours.
ICAI National Helpline Numbers are as under:011 39893990
022 39893989
033 39893989
044 39893989
0512 3989398
022 39893989
033 39893989
044 39893989
0512 3989398
Online Banking Scams: Are you a victim? |
By : Advocate Bhasin on 12 January 2015   Print this |
   If you are a victim of an online credit card scam, then you can seek redress and relief under cyber laws. In the recent judgement of December 2014 by Adjudicating Officer, Information Technology Act, 2000 in the case of Bal Kishen Rai.v. PNB & Ors., the Court held , that even if a victim divulges his own password by mistake in a phishing scam to a cyber criminal, in case on internet banking, he is still protected by law, and in the light of the Indian Banker's Code 2014 read along with recent RBI Guidelines and the principles of the US Banker's Code, in cases of Internet Banking Frauds and Credit Card frauds a victim's liability is restricted to Rs. 10,000 only and the loss has to be borne by the Bank. This is a principle of US Internet Banking Law which in this landmark judgement for the first time has laid the foundation of Indian Internet Banking Liability which is pro-consumers and completely protects their interests in cyber crimes. Meaning of Online Banking Scams: 1. Where your bank account is debited by an unauthorised online transaction. 2. Where your credit card has been used without your authorisation for any transaction. 3. Where you have given your transaction password to a scammer in response to a Phishing scam, which means you receive an email which resembles an email from a bank asking for your bank account details. 4. Where you have divulged your OTP in a Vishing scam. A vishing scam is one where a person personates a banking official and contacts you to obtain your credit card information on the pretext of generating a new PIN for you, and in the process undertakes online transactions using your credit card data and cheats you into divulging your OTP so that he can complete the transaction. 5. Where a cyber criminal uses a duplicate SIM card of your registered mobile number, and using your credit card data and due to duplicate SIM has access to OTP also. 6. Where your SIM card is cloned. SIM card cloning can happen in hotels, shops and any place where you use your credit card for a transaction, and your credit card data is stolen and a cloned credit card is made. If you are a victim of Online Banking, then you have legal recourse under the provisions of Section 43 of the Information Technology Act, 2000 which deals with Unauthorised Access along with legal recourse against the Bank under Section 43A of the Information Technology Act for failure to protect your sensitive information and passwords, with claim for compensation upto Rs. 5 Crores. A victim can file a complaint of the cyber crime in the prescribed format before the Adjudicating Officer, Information Technology Act, 2000 with the prescribed application fees of Rs. 50 and requisite court fees. The duration for the disposal of cyber law matters is speedy and is within 6 to 9 months of filing the complaint. Advocate Puneet Bhasin, Cyber Law Expert, Cyberjure Legal Consulting Contact.cyberjure@gmail.com Disclaimer: The content of this article does not constitute legal advice, and does not create an Attorney-Client relationship between the author and the reader |
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