FEMA & Banking

Blog, News, FEMA & Banking

January 9, 2025

RBI Consolidates Credit Information Reporting Guidelines Into Master Direction 2025

Circular No. RBI/DoR/2024-25/125 DoR.FIN.REC.No.55/20.16.056/2024-25, dated … Continue reading “RBI Consolidates Credit Information Reporting Guidelines Into Master Direction 2025”

News, Blog, FEMA & Banking

January 4, 2025

Government Clarifies that Foreign-Contribution Related TDS Refund Received in Non-FCRA A/c Must Be Transferred to FCRA A/c

Public Notice Ministry of Home … Continue reading “Government Clarifies that Foreign-Contribution Related TDS Refund Received in Non-FCRA A/c Must Be Transferred to FCRA A/c”

Blog, News, FEMA & Banking

January 4, 2025

RBI Issues Guidelines for Regulated Entities on Debt Relief Schemes to Ensure Financial Discipline

Circular No. RBI/2024-25/100 DOR.STR.REC.54/21.04.048/2024-25, Dated … Continue reading “RBI Issues Guidelines for Regulated Entities on Debt Relief Schemes to Ensure Financial Discipline”

Blog, News, FEMA & Banking

January 4, 2025

Govt. Extends Permission for IT/ITES Employees to Work Outside SEZs | Deadline Revised from 31.12.2024 to 31.12.2027

Notification No. G.S.R. 786(E)., Dated … Continue reading “Govt. Extends Permission for IT/ITES Employees to Work Outside SEZs | Deadline Revised from 31.12.2024 to 31.12.2027”

Blog, News, FEMA & Banking

January 4, 2025

Govt. Amends Foreign Contribution Rules, 2011, Allowing Unspent Administrative Expenses to Be Carried Forward

Notification No. G.S.R. 790(E)., Dated … Continue reading “Govt. Amends Foreign Contribution Rules, 2011, Allowing Unspent Administrative Expenses to Be Carried Forward”

Blog, News, FEMA & Banking

January 3, 2025

RBI Introduces Beneficiary Bank Account Name Look-Up Facility for RTGS and NEFT Systems

Circular no. RBI/2024-25/99 CO.DPSS.RPPD.No.S987/04.03.001/2024-25; Dated: … Continue reading “RBI Introduces Beneficiary Bank Account Name Look-Up Facility for RTGS and NEFT Systems”

Blog, News, FEMA & Banking

January 2, 2025

Pre-Crime Property Attachment Upheld as Appellant Diverted and Layered Crime Proceeds to Group Cos. | SAFEMA-AT

Case Details: Rakesh Kumar Tandon … Continue reading “Pre-Crime Property Attachment Upheld as Appellant Diverted and Layered Crime Proceeds to Group Cos. | SAFEMA-AT”

News, Blog, FEMA & Banking

December 30, 2024

RBI Mandates Banks to Report ‘Over-the-Counter’ Transactions in Gold Derivatives from February 1, 2025

Circular no. RBI/2024-25/98 FMRD.FMD.No.08/02.03.185/2024-25; Dated: … Continue reading “RBI Mandates Banks to Report ‘Over-the-Counter’ Transactions in Gold Derivatives from February 1, 2025”

Blog, News, FEMA & Banking

December 30, 2024

Govt. Extends the Validity of FCRA Registration Certificates Up to March 31, 2025

Public Notice No. II/21022/23(22)/2020-FCRA-III; Dated: … Continue reading “Govt. Extends the Validity of FCRA Registration Certificates Up to March 31, 2025”

Blog, News, FEMA & Banking

December 29, 2024

RBI Permits Full-KYC PPIs Like PhonePe or GPay to Transfer/Receive Funds in Wallet Through Any Third-Party UPI Apps

Circular No. RBI/2024-2025/97 CO.DPSS.POLC.No.S972/02-14-006/2024-25, Dated: … Continue reading “RBI Permits Full-KYC PPIs Like PhonePe or GPay to Transfer/Receive Funds in Wallet Through Any Third-Party UPI Apps”