FEMA & Banking

Blog, News, FEMA & Banking

November 21, 2022

Director of a company can’t be prosecuted vicariously for cheque bounce if company is not arraigned as accused: SC

Case Details: Pawan Kumar Goel … Continue reading “Director of a company can’t be prosecuted vicariously for cheque bounce if company is not arraigned as accused: SC”

News, Blog, FEMA & Banking

November 18, 2022

Moratorium u/s 14 of IBC isn’t an embargo on the attachment of tainted property of Corporate Debtor u/s 5 & 8 of PMLA: HC

Case Details: Rajiv Chakraborty Resolution … Continue reading “Moratorium u/s 14 of IBC isn’t an embargo on the attachment of tainted property of Corporate Debtor u/s 5 & 8 of PMLA: HC”

Blog, News, FEMA & Banking

November 15, 2022

[Opinion] Between the Scheduled Offense and Money Laundering – A Line Drawn in Chalk

The Supreme Court has clarified … Continue reading “[Opinion] Between the Scheduled Offense and Money Laundering – A Line Drawn in Chalk”

Blog, News, FEMA & Banking

November 9, 2022

HC can’t invoke writ jurisdiction to extend the time period under the OTS scheme: SC

Case Details: State Bank of … Continue reading “HC can’t invoke writ jurisdiction to extend the time period under the OTS scheme: SC”

Blog, News, FEMA & Banking

November 8, 2022

Non-disclosure of order passed by the Division bench while obtaining assistance of DM is undoubtedly a serious matter: HC

Case Details: Tapasi Routh nee … Continue reading “Non-disclosure of order passed by the Division bench while obtaining assistance of DM is undoubtedly a serious matter: HC”

News, Blog, FEMA & Banking

November 8, 2022

Opportunity of being heard must be given to petitioner before removing name from Bank’s Panel Advocates list: HC

Case Details: Rajan Shrivallabha Deshpande … Continue reading “Opportunity of being heard must be given to petitioner before removing name from Bank’s Panel Advocates list: HC”

Blog, News, FEMA & Banking

November 4, 2022

Cross-examination couldn’t be allowed when questions had no connection with the case

Case Details: Kanwal Nain Singh … Continue reading “Cross-examination couldn’t be allowed when questions had no connection with the case”

News, Blog, FEMA & Banking

November 3, 2022

RBI revises eligibility criteria to seek approval for offering internet banking with transactional facility by RRBs

Circular no. RBI/2022-23/135 DoR.AUT.REC.81/24.01.001/2022-23, Dated … Continue reading “RBI revises eligibility criteria to seek approval for offering internet banking with transactional facility by RRBs”

Blog, News, FEMA & Banking

November 3, 2022

IFSCA issues Anti–Money Laundering, Counter-Terrorist Financing and KYC guidelines for Regulated Entities

Notification No. IFSCA/2022-23/GN/GL001, Dated 28.10.2022 … Continue reading “IFSCA issues Anti–Money Laundering, Counter-Terrorist Financing and KYC guidelines for Regulated Entities”

Blog, News, FEMA & Banking

November 2, 2022

RBI releases data about Sectoral Deployment of Bank Credit for the month of September 2022

Press Release: 2022-2023/1117, Dated 31.10.2022 … Continue reading “RBI releases data about Sectoral Deployment of Bank Credit for the month of September 2022”