Owners Undertaking Letter: Fill & Download for Free

Letter of undertaking means an agreement by which a ship-owner undertakes the following: to employ security on the ship; to enter an appearance acknowledge ownership; and. ... The term letter of undertaking is also commonly used in Central Excise when goods are permitted for export without payment of duty.Written statement is the defense of the defendants. A 'defense' called the written statement ,in general this is a reply of plaint ,in which defendant deny or admit the each and every allegation or facts given in the plaint. Denial or admission must be Para wise and clear.

NIRAV MODI SCAM - IN SIMPLE TERMSYear - Particulars2000 - Nirav Modi ventured out on his own and started Firestar Diamond International with 15 employees, buying and selling diamonds.2007 - He bought another company called Sandberg & Sikorsky, which was the oldest bridal jewellery manufacturer selling to independent retailers and was also into distribution to the U.S. armed forces. Thats how he was expanding his business2009 - At the time of difficult financial scenario globally, Nirav Modi got into a good position and expanded. He opened market offices in Dubai, Hong Kong, and sourcing offices in Antwerp and manufacturing plants in Moscow and Johannesburg.2010 - In December he launched the Nirav Modi brand.2011 - Nirav Modi along with his uncle Mehul Choksi - owner of some Gems company applied for a Letter of Undertaking - Letter of undertaking (LOU) is a form of bank guarantee under which a bank can allow its customer to raise money from another Indian bank's foreign branch in the form of a short term credit. He contacted with Punjab & National Bank. But in LoU mechanism the customer (importer) is supposed to pay margin money to the bank that issues the LOU and accordingly. Credit to Nirav Modi - GRANTED2012 - 2016 - Problem was that in Nirav Modi's situation, neither was there a credit limit, nor did he ever give any margin money, reported by the Reuters.2017 - Nirav Modi-Mehil Choksi fraud situation - the term of loan was allegedly extended far beyond what is prescribed as per the rule book by the PNB officials who are recently arrested.2018 - 1st January - Nirav Modi left India with Family. Then on 29th January, a PNB official from Mumbai filed a criminal complaint with Central Bureau of Investigation (CBI) against 3 companies, Solar Exports, Stellar Diamonds and Diamond R US, and four people, including diamantaire Nirav Modi and Mehul Choksi, the managing director of Gitanjali Gems, saying they had defrauded the bank.2018 - 30th January - The "letters of undertaking" (LoUs) from it without having a sanctioned credit limit or maintaining funds "on margin". Now Earlier Central Govt., Present Govt., R.B.I. are under scanner of this scam.The total alleged value of PNB Scam[1] [2] [3] is - Total 280 crore scam over the years has now reached over Rs 11,400 crore ( estimated ).●●●●●●●●●●●●●●●● END ●●●●●●●●●●●●●●●Footnotes[1] All you need to know about Nirav Modi and the $1.77-billion PNB fraud[2] 2016 RBI Note Had Warned Banks About Tech Misused In Nirav Modi Fraud[3] PNB fraud: Govt opposes plea seeking SIT probe in Nirav Modi case

A cyber attack refers to a deliberate exploitation of technology-dependent enterprises, computer systems, and networks. Cyber attack are known to use malicious code to modify computer code, logic or data, resulting in troublesome consequence that can actually compromise code, logic or data, resulting in troublesome consequence that can actually compromise data and lead to cyber crime like identity and information theft.Website hacking is not left behind, hackers are always on the lookout for new ways to grab your most sensitive data through cyber attacks. Hence, it essential for you to be vast with knowledge required to protect your website from website from cyber attack. Website security is thus extremely important in order to protect all your online activities, sensitive data, and business from cyber attacks.Below, are few guide that will help secure your website from cyber attacks:Activate your firewallOne good website security measure is to activate a firewall that is responsible for monitoring all the outgoing and incoming traffic towards your computer. If your antivirus does not include a firewall, at least make sure to keep your windows firewall ‘Activated’.Use PassphrasesUse different passphrases that can contain user ID/password combination for different accounts and never write down. You can also create more complicated passwords by combining numbers, letters and special characters, and make sure to change them regularly. Instead of just using passwords, you can also use passphrases made up of sentences that are very hard to crack.Encrypt your dataMake sure to use encryption for your most sensitive files such as financial records or tax returns. Also, make regular back-ups of all your vital data, and store it in another location.Do not store credit card details on websitesSome websites insist that you store your credit card details so that your transactions can be quickly processed next time. Never do such things and also try searching for last 6 or 8 digits of your credit cards numbers in google with double quotes to make sure that your credit card details are not available on the internet.Learn to recognize suspicious activitiesIts not easy to instantly recognize all cyber activities. Some hackers may be satisfied to use your accounts or devices as part of a botnet. Hackers could also steal your identity to defraud others. All of these activities, despite being subtle, leaving a trail of doubtful messages or unauthorized connections that can often be identified and acted upon to secure your account.Using antivirus softwareBesides just installing antivirus software, ensure to keep your antivirus software updated as it plays a major role in preventing viruses from infecting your computer. To ensure maximum cybersecurity, most of the antivirus software programs protect from virus, malware, and rootkits.Crosscheck your social media security settingsMake sure your social networking profiles are set to private. Check your security settings and refrain from posting sensitive information about you online.Update everythingBy staying constantly up-to-date on the latest software, you are actually preventing different hacker attacks and several other virus and malware attacks, thus increasing website security.Install a good website security toolA website security tool is capable of scanning websites at periodic intervals in order identify if there is any suspicious activity. When a suspicious activity is traced, the website security tool instantly brings it to the notice of security experts. The main persons in the organization will also receive an alert. Website security tools thus help in identifying and removing malware which is trying to affect your website, or which has gone unnoticed on the business website.