FEMA & Banking

Blog, News, FEMA & Banking

February 9, 2024

RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50 %

Press Release: 2023-2024/1826, Dated 08.02.2024 … Continue reading “RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50 %”

News, Blog, FEMA & Banking

February 8, 2024

HC, in Sec. 482 CrPC, Must Not Decide the Mixed Law-fact Issue on Time-barred Debt in Sec. 138 Proceedings

Case Details: Atamjit Singh v. … Continue reading “HC, in Sec. 482 CrPC, Must Not Decide the Mixed Law-fact Issue on Time-barred Debt in Sec. 138 Proceedings”

Blog, News, FEMA & Banking

February 3, 2024

IFSCA Notifies Norms for Offering Payment Services in or from IFSC

Notification no. IFSCA/GN/2024/001., Dated 29.01.2024 … Continue reading “IFSCA Notifies Norms for Offering Payment Services in or from IFSC”

Blog, News, FEMA & Banking

February 3, 2024

AD Category-I Banks Can Allow India-UAE CEPA TRQ Holders to Make 11-Day Advance Payments for Gold Imports via IIBX | RBI

Circular No. RBI/2023-24/118 A.P. (DIR … Continue reading “AD Category-I Banks Can Allow India-UAE CEPA TRQ Holders to Make 11-Day Advance Payments for Gold Imports via IIBX | RBI”

Blog, News, FEMA & Banking

February 1, 2024

Sale of Mortgaged Property to the Auction Purchaser Was Upheld as the Borrower Knew and Was Present at Time of the Auction | SC

Case Details: Bombay Mercantile Cooperative … Continue reading “Sale of Mortgaged Property to the Auction Purchaser Was Upheld as the Borrower Knew and Was Present at Time of the Auction | SC”

News, Blog, FEMA & Banking

January 31, 2024

Petitioners Must Exhaust DRT Remedy Before Challenging Sec. 14 Order | Writ Challenging Order Was to Be Dismissed | HC

Case Details: Rajesh Agrawal v. … Continue reading “Petitioners Must Exhaust DRT Remedy Before Challenging Sec. 14 Order | Writ Challenging Order Was to Be Dismissed | HC”

Blog, News, FEMA & Banking

January 25, 2024

SEBI Allows Promoters to Offer Shares to Employees in ‘Offer for Sale‘ Through Stock Exchange Mechanism

Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/6, Dated 23.01.2024 … Continue reading “SEBI Allows Promoters to Offer Shares to Employees in ‘Offer for Sale‘ Through Stock Exchange Mechanism”

Blog, News, FEMA & Banking

January 20, 2024

Govt. Notifies Accounting, Taxation, & Financial Crime Compliance Services as ‘Financial Services’ Under IFSCA Act

Notification No. S.O. 291(E)., Dated … Continue reading “Govt. Notifies Accounting, Taxation, & Financial Crime Compliance Services as ‘Financial Services’ Under IFSCA Act”

News, Blog, FEMA & Banking

January 19, 2024

RBI Revises Eligibility Criteria for UCBs in 2nd Sch. of RBI Act, Aligning With the Revised Regulatory Framework

Circular No. RBI/2023-24/115 DoR.REG/LIC.No.72/16.05.000/2023-24, Dated … Continue reading “RBI Revises Eligibility Criteria for UCBs in 2nd Sch. of RBI Act, Aligning With the Revised Regulatory Framework”

Blog, News, FEMA & Banking

January 18, 2024

RBI Issues Updated Master Circular on Exposure Norms and Statutory/Other Restrictions-UCBs

RBI/2023-24/114 DoR.CRE.REC.71/07.10.002/2023-24, Dated: 16.01.2024 RBI … Continue reading “RBI Issues Updated Master Circular on Exposure Norms and Statutory/Other Restrictions-UCBs”