FEMA & Banking

Blog, News, FEMA & Banking

December 22, 2024

Borrower’s Right to Redeem Secured Asset Ends on Publication of Notice u/s 9(1) of SI Rules, Not After Sale Completion | SC

Case Details: Celir LLP vs. … Continue reading “Borrower’s Right to Redeem Secured Asset Ends on Publication of Notice u/s 9(1) of SI Rules, Not After Sale Completion | SC”

Blog, News, FEMA & Banking

December 18, 2024

Govt. Urges for Swift Response to Queries on FCRA Portal for Registration/Renewal to Avoid Denial of Applications

Public Notice No. II/21022/23(04)/2024/FCRA-II, Dated … Continue reading “Govt. Urges for Swift Response to Queries on FCRA Portal for Registration/Renewal to Avoid Denial of Applications”

News, Blog, FEMA & Banking

December 17, 2024

HC Sends Recovery Suit Back to Trial Court Due to Errors in Interpreting Metropolitan Magistrate’s Judgment on Cheque Dispute

Case Details: Arun Khanna v. … Continue reading “HC Sends Recovery Suit Back to Trial Court Due to Errors in Interpreting Metropolitan Magistrate’s Judgment on Cheque Dispute”

Blog, News, FEMA & Banking

December 16, 2024

Govt. Permits 4 Reporting Entities to Perform Aadhaar Authentication for Client Verification u/s 11A of PMLA

Notification No. S.O. 5371(E); dated: … Continue reading “Govt. Permits 4 Reporting Entities to Perform Aadhaar Authentication for Client Verification u/s 11A of PMLA”

Blog, News, FEMA & Banking

December 12, 2024

IFSCA Renews Recognition of ‘India International Bullion Exchange’ as Bullion Exchange & Clearing Corp Till 08.12.2025

Notification No. IFSCA-PMTS/9/2023, Dated: 05.12.2025 … Continue reading “IFSCA Renews Recognition of ‘India International Bullion Exchange’ as Bullion Exchange & Clearing Corp Till 08.12.2025”

Blog, News, FEMA & Banking

December 9, 2024

RBI Hikes the Limit for Collateral-Free Agricultural Loans from 1.6 Lakh to 2 Lakh Per Borrower

Circular No. RBI/2024-2025/96 FIDD.CO.FSD.BC.No.10/05.05.010/2024-25; Dated: … Continue reading “RBI Hikes the Limit for Collateral-Free Agricultural Loans from 1.6 Lakh to 2 Lakh Per Borrower”

Blog, News, FEMA & Banking

December 7, 2024

Central Govt. Notifies Pension Fund Schemes as ‘Financial Products’ Under IFSCA Act, 2019, Effective Immediately

Notification No. S.O. 5241(E)., Dated … Continue reading “Central Govt. Notifies Pension Fund Schemes as ‘Financial Products’ Under IFSCA Act, 2019, Effective Immediately”

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December 7, 2024

RBI Raises Interest Rate Ceilings on Foreign Currency (Non-Resident) Accounts (Banks) Deposits Effective from 06.12.2024

Circular No. RBI/2024-25/94 DoR.SPE.REC.No.51/13.03.00/2024-2025, Dated … Continue reading “RBI Raises Interest Rate Ceilings on Foreign Currency (Non-Resident) Accounts (Banks) Deposits Effective from 06.12.2024”

News, Blog, FEMA & Banking

December 7, 2024

RBI Keeps Repo Rate Unchanged at 6.50 Percent

Press Release: 2024-2025/1646 , Dated … Continue reading “RBI Keeps Repo Rate Unchanged at 6.50 Percent”

Blog, News, FEMA & Banking

December 7, 2024

RBI Reduces Cash Reserve Ratio for All Banks by 50 Bps in Two Tranches

Circular No. RBI/2024-25/95 DoR.RET.REC.52/12.01.001/2024-25, Dated … Continue reading “RBI Reduces Cash Reserve Ratio for All Banks by 50 Bps in Two Tranches”