FEMA & Banking

News, Blog, FEMA & Banking

March 6, 2025

MHA Mandates Recording of Non-Cognizable Offence Information Report u/s 174 of BNSS in the Crime Tracking System

Notification No. F. No. 1/2/2025/HP-I/Estt./436 … Continue reading “MHA Mandates Recording of Non-Cognizable Offence Information Report u/s 174 of BNSS in the Crime Tracking System”

Blog, News, FEMA & Banking

March 6, 2025

MHA Notifies Delhi BNSS (Arrest Information) Rules; Mandates Police Officers to Give Arrest Information to Nominated Persons

Notification No. F. No. 1/4/2024/HP-I/Estt./464 … Continue reading “MHA Notifies Delhi BNSS (Arrest Information) Rules; Mandates Police Officers to Give Arrest Information to Nominated Persons”

Blog, News, FEMA & Banking

March 5, 2025

Independent Director Not Liable u/s 141 as He Neither Signed nor Authorized Dishonored Cheques nor Managed Finances

Case Details: Kamalkishor Shrigopal Taparia … Continue reading “Independent Director Not Liable u/s 141 as He Neither Signed nor Authorized Dishonored Cheques nor Managed Finances”

Blog, News, FEMA & Banking

March 4, 2025

Govt. Fixes April 10, 2025, as the Date for Closure of Residual Transactions of Banks for March 2025 | RBI

Circular No. RBI/2024-25/122 CO.DGBA.GBD.No.S954/42-01-029/2024-2025; Dated: … Continue reading “Govt. Fixes April 10, 2025, as the Date for Closure of Residual Transactions of Banks for March 2025 | RBI”

Blog, News, FEMA & Banking

February 28, 2025

IFSCA Clarifies on Interest Calculation on Late Fee Payments for Entities Undertaking Permissible Activities in IFSC

Circular No. IFSCA-DTFA/1/2025-DTFA, Dated: 26.02.2025 … Continue reading “IFSCA Clarifies on Interest Calculation on Late Fee Payments for Entities Undertaking Permissible Activities in IFSC”

Blog, News, FEMA & Banking

February 28, 2025

IFSCA Amends Aircraft Lease Framework; Restricts IFSC Lessors From Leasing Solely to Indian Residents

Circular F. No. 172/IFSCA/Finance Company … Continue reading “IFSCA Amends Aircraft Lease Framework; Restricts IFSC Lessors From Leasing Solely to Indian Residents”

Blog, News, FEMA & Banking

February 28, 2025

IFSCA Mandates Registration on FIU-IND Portal to Ensure Compliance With Anti-Money Laundering and KYC Guidelines

Circular No. F. No. IFSCA/2/2025-AMLCFT/01; … Continue reading “IFSCA Mandates Registration on FIU-IND Portal to Ensure Compliance With Anti-Money Laundering and KYC Guidelines”

News, Blog, FEMA & Banking

February 27, 2025

Petitioner Can’t Be Held Liable for Dishonour u/s 138 of NI Act as He Wasn’t a Director of Accused Company, Drawer of Cheque | HC

Case Details: Sanjay Dhingra v. … Continue reading “Petitioner Can’t Be Held Liable for Dishonour u/s 138 of NI Act as He Wasn’t a Director of Accused Company, Drawer of Cheque | HC”

Blog, News, FEMA & Banking

February 27, 2025

RBI Restores Risk Weights on SCB Exposures to NBFCs as per External Ratings, Effective April 1, 2025

Circular No. RBI/2024-25/120 DOR.STR.REC.61/21.06.001/2024-25, Dated: … Continue reading “RBI Restores Risk Weights on SCB Exposures to NBFCs as per External Ratings, Effective April 1, 2025”

Blog, News, FEMA & Banking

February 27, 2025

RBI Lowers Risk Weight on Microfinance Consumer Credit to 100% From 125%

Circular No. RBI/2024-25/119 DOR.CRE.REC.63/21.06.001/2024-25, Dated: … Continue reading “RBI Lowers Risk Weight on Microfinance Consumer Credit to 100% From 125%”