FEMA & Banking

Blog, News, FEMA & Banking

September 28, 2024

HC Cannot Act as Appellate Authority Under Article 226 Against ED’s Seizure Order | Defenses Must Be Tested by AA

Case Details: PC Financial Services … Continue reading “HC Cannot Act as Appellate Authority Under Article 226 Against ED’s Seizure Order | Defenses Must Be Tested by AA”

Blog, News, FEMA & Banking

September 28, 2024

Govt. Permits ‘HDB Financial Services Limited’ to Perform Aadhaar Authentication for Client Verification u/s 11A of PMLA

Notification No. S.O. 4240(E); Dated: … Continue reading “Govt. Permits ‘HDB Financial Services Limited’ to Perform Aadhaar Authentication for Client Verification u/s 11A of PMLA”

Blog, News, FEMA & Banking

September 27, 2024

[Opinion] Fraud Risk Management Obligations of NBFCs | Recent Changes Introduced by the RBI

Kinnari Sanghvi & Divyanshu Sharma … Continue reading “[Opinion] Fraud Risk Management Obligations of NBFCs | Recent Changes Introduced by the RBI”

Blog, News, FEMA & Banking

September 23, 2024

Interest Equalization Scheme Extended for MSME Exporters Till 30.09.24; Annual Subvention Capped at Rs. 10 Cr. per IEC | RBI

Circular No. RBI/2024-25/76 DOR.STR.REC.44/04.02.001/2024-25, Dated: … Continue reading “Interest Equalization Scheme Extended for MSME Exporters Till 30.09.24; Annual Subvention Capped at Rs. 10 Cr. per IEC | RBI”

Blog, News, FEMA & Banking

September 21, 2024

Property Attachment Under PMLA Upheld as Appellant Failed to Prove Property Was Not Proceeds of Crime

Case Details: Chanda Singh v. … Continue reading “Property Attachment Under PMLA Upheld as Appellant Failed to Prove Property Was Not Proceeds of Crime”

Blog, News, FEMA & Banking

September 20, 2024

Appellant Arrested for Laundering Crime Proceeds Granted Bail as Inquiry Documents Were Voluminous and Trial Might Take Time | HC

Case Details: Sukanya Mondal v. … Continue reading “Appellant Arrested for Laundering Crime Proceeds Granted Bail as Inquiry Documents Were Voluminous and Trial Might Take Time | HC”

News, Blog, FEMA & Banking

September 18, 2024

HC Denies Bail to a PMLA Accused for Projecting Crime Proceeds as Untainted and Making Huge Cash Deposits

Case Details: Satheesh Kumar P. … Continue reading “HC Denies Bail to a PMLA Accused for Projecting Crime Proceeds as Untainted and Making Huge Cash Deposits”

Blog, News, FEMA & Banking

September 18, 2024

Union Finance Minister Smt. Nirmala Sitharaman to Launch NPS Vatsalya Scheme for Minors w.e.f. September 18, 2024

Press Release Dated: 16.09.2024 As … Continue reading “Union Finance Minister Smt. Nirmala Sitharaman to Launch NPS Vatsalya Scheme for Minors w.e.f. September 18, 2024”

Blog, News, FEMA & Banking

September 17, 2024

SAFEMA Reduces Penalty on Appellant for Alleged FERA Contraventions Considering 22-Year Delay and Peculiarity of Case

Case Details: Maulik Dave v. … Continue reading “SAFEMA Reduces Penalty on Appellant for Alleged FERA Contraventions Considering 22-Year Delay and Peculiarity of Case”

Blog, News, FEMA & Banking

September 16, 2024

Govt. Notifies New Rules for Compounding Under FEMA | Specifies List of Non-Compoundable Offences, Expands Pecuniary Limits

Notification G.S.R. 566 (E), Dated: … Continue reading “Govt. Notifies New Rules for Compounding Under FEMA | Specifies List of Non-Compoundable Offences, Expands Pecuniary Limits”