FEMA & Banking

Blog, News, FEMA & Banking

September 11, 2023

MoF Permits 3 Reporting Entities to Perform Authentication Under the Aadhaar Act, 2016

Notification No. S.O. 3965(E); Dated: … Continue reading “MoF Permits 3 Reporting Entities to Perform Authentication Under the Aadhaar Act, 2016”

News, Blog, FEMA & Banking

September 11, 2023

HC Couldn’t Entertain Writ Contesting Auction Sale Cancellation as Petitioner Had Filed an Appeal u/s 30 of RDDB Act

Case Details: Raiskhan Firozkhan Pathan … Continue reading “HC Couldn’t Entertain Writ Contesting Auction Sale Cancellation as Petitioner Had Filed an Appeal u/s 30 of RDDB Act”

Blog, News, FEMA & Banking

September 6, 2023

Natural Person Eligible for More Than 10% of Capital or Profits of Partnership Shall be a Beneficial Owner Under PMLA

Notification No. G.S.R. 652(E)., Dated: … Continue reading “Natural Person Eligible for More Than 10% of Capital or Profits of Partnership Shall be a Beneficial Owner Under PMLA”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] RBI’s Innovative Step – UPI Transactions Are Now Accessible via Pre-sanctioned Credit Lines

Table of Contents Background RBI’s proposal … Continue reading “[Analysis] RBI’s Innovative Step – UPI Transactions Are Now Accessible via Pre-sanctioned Credit Lines”

Blog, News, FEMA & Banking

September 2, 2023

Banks/FIs Must Duly Follow Procedure Laid Down by RBI for Recovery of Loans/Repossession of Hypothecated Vehicles | HC

Case Details: Dhananjay Seth v. … Continue reading “Banks/FIs Must Duly Follow Procedure Laid Down by RBI for Recovery of Loans/Repossession of Hypothecated Vehicles | HC”

News, Blog, FEMA & Banking

September 2, 2023

93% of Rs 2000 Banknotes in Circulation Returned to Banks Till August 31, 2023 | RBI

Press Release: 2023-2024/851, Dated: 01.09.2023 … Continue reading “93% of Rs 2000 Banknotes in Circulation Returned to Banks Till August 31, 2023 | RBI”

Blog, News, FEMA & Banking

September 2, 2023

HC Admits Bail Plea as Petitioner Facing Charges for Money Laundering was Cooperative Throughout the Proceedings

Case Details: Sandeep Nair v. … Continue reading “HC Admits Bail Plea as Petitioner Facing Charges for Money Laundering was Cooperative Throughout the Proceedings”

Blog, News, FEMA & Banking

August 30, 2023

Rs. 2 Lakh Penalty Was Justified for Technical Non-compliances Where Substantive Provisions of FDI Were Met Later

Case Details: Union of India … Continue reading “Rs. 2 Lakh Penalty Was Justified for Technical Non-compliances Where Substantive Provisions of FDI Were Met Later”

Blog, News, FEMA & Banking

August 28, 2023

Non-imposition of 20% of Fine Amount in Cheque Bounce Case Couldn’t be Said to Be Invalidation of Suspension of Sentence

Case Details: Gulshan Arora v. … Continue reading “Non-imposition of 20% of Fine Amount in Cheque Bounce Case Couldn’t be Said to Be Invalidation of Suspension of Sentence”

Blog, News, FEMA & Banking

August 28, 2023

RBI Raises the Upper Limit for Small-value Offline Digital Payments to Rs 500

Circular No. RBI/2023-24/57 CO.DPSS.POLC.No.S526/02-14-003/2023-24, Dated: … Continue reading “RBI Raises the Upper Limit for Small-value Offline Digital Payments to Rs 500”