FEMA & Banking

Blog, News, FEMA & Banking

July 10, 2024

HC Orders Bank to Supply Investigation Report and Annexures with SCN for Fraud Categorization of Petitioner’s a/c

Case Details: Ascon Dairy (P.) … Continue reading “HC Orders Bank to Supply Investigation Report and Annexures with SCN for Fraud Categorization of Petitioner’s a/c”

News, Blog, FEMA & Banking

July 9, 2024

Trial Required to Assess if Cheques With Purchase Order Discharge Outstanding Dues or Not | HC

Case Details: Sufi International (P.) … Continue reading “Trial Required to Assess if Cheques With Purchase Order Discharge Outstanding Dues or Not | HC”

Blog, News, FEMA & Banking

July 5, 2024

RBI Removes Limit on the Amount of Remittance via Online Submission of Form A2

Circular No. RBI/2024-25/46 A.P. (DIR … Continue reading “RBI Removes Limit on the Amount of Remittance via Online Submission of Form A2”

Blog, News, FEMA & Banking

July 5, 2024

RBI Mandates ADs to Obtain Form A2 for All Cross-Border Remittances

Circular No. RBI/2024-25/47 A.P. (DIR … Continue reading “RBI Mandates ADs to Obtain Form A2 for All Cross-Border Remittances”

Blog, FEMA & Banking

July 4, 2024

Opportunities at GIFT City – Your Gateway To Finance | Technology | Tax Benefits

GIFT City, short for Gujarat … Continue reading “Opportunities at GIFT City – Your Gateway To Finance | Technology | Tax Benefits”

Blog, News, FEMA & Banking

July 2, 2024

HC Permits Petitioner to Replace Provisionally Attached Land With Equivalent Bank Guarantee Citing Legal Precedents

Case Details: Revati Cements (P.) … Continue reading “HC Permits Petitioner to Replace Provisionally Attached Land With Equivalent Bank Guarantee Citing Legal Precedents”

Blog, Advisory, FEMA & Banking

June 28, 2024

[Analysis] IFSC Banking | Regulatory Framework and Strategic Opportunities

An International Financial Services Centre … Continue reading “[Analysis] IFSC Banking | Regulatory Framework and Strategic Opportunities”

Blog, News, FEMA & Banking

June 26, 2024

Magistrate Denied Interim Compensation for Cheque Bounce as Bank Extracts and Vouchers Clearly Evidenced Partial Payment

Case Details: Bajaj Constructions v. … Continue reading “Magistrate Denied Interim Compensation for Cheque Bounce as Bank Extracts and Vouchers Clearly Evidenced Partial Payment”

News, Blog, FEMA & Banking

June 26, 2024

Trustees Are Liable for Cheques Dishonored by Trust | No Need for Separate Notice to Establish Vicarious Liability

Case Details: Harpreet Sahni v. … Continue reading “Trustees Are Liable for Cheques Dishonored by Trust | No Need for Separate Notice to Establish Vicarious Liability”

Blog, News, FEMA & Banking

June 25, 2024

Appellate Tribunal Reduced Penalty for Under-invoicing Imports Under FERA as Abetment Charges Lacked Evidence

Case Details: Shailesh V Shah … Continue reading “Appellate Tribunal Reduced Penalty for Under-invoicing Imports Under FERA as Abetment Charges Lacked Evidence”