Articles by FCS Deepak Pratap Singh

Motor Insurance Frauds: Detection and Control

FCS Deepak Pratap Singh 22 November 2024 at 08:38

As you are aware, insurance companies are considered custodians of the money of their policyholders. A policyholder pays a premium to the insurance company with the hope that, in case of financial loss, the insurance company will indemnify him/her.

ITR is Statutory Document that must be considered while deciding Compensation

FCS Deepak Pratap Singh 18 November 2024 at 05:14

The ITR (Income Tax Return), which is a statutory document, is required to be considered for the purpose of assessing the income of the deceased, which is inclusive of perquisites and allowances, in the light of judgment rendered by Hon'ble Apex Court in the case of Meenakshi v. Oriental Insurance Co. Ltd.

Whether Borrowing From Directors is Related Party Transaction

FCS Deepak Pratap Singh 16 November 2024 at 06:58

The provisions related to Vigil Mechanism is contained in Section 177 (9) and (10) of the Companies Act, 2013 (the Act) read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014.

Detection and Reporting of Fraud by Secretarial Auditor

FCS Deepak Pratap Singh 15 November 2024 at 06:34

The Auditor shall exercise professional judgment and maintain professional scepticism throughout the planning and performance of the audit to detect and report the fraud envisaged under the provisions of Section 143(12) of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014.

No assumption of deficiency in service can be made unless proved with evidence

FCS Deepak Pratap Singh 09 November 2024 at 07:03

without evidence, and the responsibility to prove the same lies with the complainant.

Remedies In Case Your Insurance Claim Rejected By Insurance Company

FCS Deepak Pratap Singh 07 November 2024 at 06:43

It's important to remain persistent and proactive in pursuing reimbursement for legitimate medical expenses. Keep thorough records of all communications and documentation related to the claim and continue to advocate for your father's rights as a policyholder.