FEMA & Banking

Blog, FEMA & Banking

February 5, 2024

Compounding of Contravention under FEMA

Niki Shah – Partner | … Continue reading “Compounding of Contravention under FEMA”

News, Blog, FEMA & Banking

November 25, 2023

Appellate Tribunal Upholds Seizure of Sale Deeds From Appellant’s Premises Tied to Alleged Crime Proceeds Under PMLA

Case Details: Anup Prakash Garg … Continue reading “Appellate Tribunal Upholds Seizure of Sale Deeds From Appellant’s Premises Tied to Alleged Crime Proceeds Under PMLA”

Blog, News, FEMA & Banking

November 18, 2023

RBI Enhances the Risk Weights in Respect of Consumer Credit Exposure of Commercial Banks

Circular No. RBI/2023-24/85 DOR.STR.REC.57/21.06.001/2023-24, Dated … Continue reading “RBI Enhances the Risk Weights in Respect of Consumer Credit Exposure of Commercial Banks”

Blog, News, FEMA & Banking

November 18, 2023

RBI Permits AD Cat-I Banks Maintaining Special Rupee Vostro A/c to Open Special Current A/c Exclusively for Export Settlement

RBI/2023-2024/86 FED Circular No. 08 … Continue reading “RBI Permits AD Cat-I Banks Maintaining Special Rupee Vostro A/c to Open Special Current A/c Exclusively for Export Settlement”

Blog, News, FEMA & Banking

November 16, 2023

RBI Allows Qualified Jewellers to Remit Advance Payment for 11 Days for Silver via IIBX in the Same Manner As Gold

A.P. (DIR Series) Circular No. … Continue reading “RBI Allows Qualified Jewellers to Remit Advance Payment for 11 Days for Silver via IIBX in the Same Manner As Gold”

Blog, News, FEMA & Banking

November 14, 2023

Central Govt. Amends PMLA Norms, Designates FIU-India Director as Regulator for Expanded Reporting Entities

Notification No. S.O. 4876(E) & … Continue reading “Central Govt. Amends PMLA Norms, Designates FIU-India Director as Regulator for Expanded Reporting Entities”

Blog, News, FEMA & Banking

November 14, 2023

Govt. Amends Insurance Ombudsman Rules, 2017, Mandates Prior Notice for Resignation of Insurance Ombudsman

Notification No: G.S.R. 828(E), Dated: … Continue reading “Govt. Amends Insurance Ombudsman Rules, 2017, Mandates Prior Notice for Resignation of Insurance Ombudsman”

Blog, News, FEMA & Banking

November 10, 2023

RBI Permits Non-resident Investment in Government-issued SGBs via ‘Fully Accessible Route’ for F.Y. 2023-24

Circular No. RBI/2023-24/81 FMRD.FMID.No. 04/14.01.006/2023-24, … Continue reading “RBI Permits Non-resident Investment in Government-issued SGBs via ‘Fully Accessible Route’ for F.Y. 2023-24”

News, Blog, FEMA & Banking

November 3, 2023

Bulgaria Has Been Added to the List of High-Risk Jurisdictions Under Increased Monitoring

Press Release no. 2023-2024/1223; Dated: … Continue reading “Bulgaria Has Been Added to the List of High-Risk Jurisdictions Under Increased Monitoring”

Blog, News, FEMA & Banking

November 3, 2023

RBI Decides to Directly Regulate Entities Facilitating Cross-border Payment Transactions

Circular no. RBI/2023-24/80 CO.DPSS.POLC.No.S-786/02-14-008/2023-24; Dated: … Continue reading “RBI Decides to Directly Regulate Entities Facilitating Cross-border Payment Transactions”