FEMA & Banking

Blog, News, FEMA & Banking

June 6, 2024

Cross-examination Can’t Be Claimed as a Rule in Summary Proceedings Before AA Unless a Statement is Recorded

Case Details: Prakash Chandra Yadav … Continue reading “Cross-examination Can’t Be Claimed as a Rule in Summary Proceedings Before AA Unless a Statement is Recorded”

Blog, Advisory, FEMA & Banking

December 25, 2024

RBI Launches PRAVAAH | Retail Direct Mobile App | FinTech Repository to Revolutionize Financial Services

PRAVAAH (Platform for Regulatory Application … Continue reading “RBI Launches PRAVAAH | Retail Direct Mobile App | FinTech Repository to Revolutionize Financial Services”

Blog, News, FEMA & Banking

June 4, 2024

Courts’ Power to Order Interim Compensation U/s 143A of NI Act is Discretionary and Applies Only to Cheque Drawer | HC

Case Details: Prakash Vasant Ajgaonkar … Continue reading “Courts’ Power to Order Interim Compensation U/s 143A of NI Act is Discretionary and Applies Only to Cheque Drawer | HC”

News, Blog, FEMA & Banking

June 1, 2024

RBI Launches PRAVAAH Portal for Streamlined Regulatory Approvals and Clearances

Press Release: 2024-2025/393, Dated 28.05.2024 … Continue reading “RBI Launches PRAVAAH Portal for Streamlined Regulatory Approvals and Clearances”

Blog, News, FEMA & Banking

May 31, 2024

RBI Releases Finalised Framework for Recognising Self-Regulatory Organisations in Fintech Sector

Press Release No. 2024-2025/403; Dated: … Continue reading “RBI Releases Finalised Framework for Recognising Self-Regulatory Organisations in Fintech Sector”

Blog, News, FEMA & Banking

May 29, 2024

RBI Mandates Money Changers to Sell at Least 75% of Bought Foreign Currency Notes to the Public Quarterly

Circular No. RBI/2024-25/39 A.P. (DIR … Continue reading “RBI Mandates Money Changers to Sell at Least 75% of Bought Foreign Currency Notes to the Public Quarterly”

Blog, News, FEMA & Banking

May 24, 2024

Tribunal Reduced Penalty Amount for FEMA Violations as Amount Imposed Was Excessive Compared to Contraventions

Case Details: Shri Satpal Singh … Continue reading “Tribunal Reduced Penalty Amount for FEMA Violations as Amount Imposed Was Excessive Compared to Contraventions”

News, Blog, FEMA & Banking

May 23, 2024

RBI Decides to Regularise Prior Issuance of Partly Paid Units by AIFs to Non-Residents via Compounding Under FEMA

Circular No. RBI/2024-25/36 A.P. (DIR … Continue reading “RBI Decides to Regularise Prior Issuance of Partly Paid Units by AIFs to Non-Residents via Compounding Under FEMA”

Blog, News, FEMA & Banking

May 18, 2024

HC Rejects Jharkhand Ex-CM’s Writ Against ED Arrest, Citing Ample Evidence and Enjoyment of Tainted Property

Case Details: Hemant Soren v. … Continue reading “HC Rejects Jharkhand Ex-CM’s Writ Against ED Arrest, Citing Ample Evidence and Enjoyment of Tainted Property”

Blog, News, FEMA & Banking

May 18, 2024

ED Must Seek Custody From Special Court if Accused Isn’t Arrested Before Filing a Complaint u/s 44(1)(B) of PMLA | SC

Case Details: Tarsem Lal v. … Continue reading “ED Must Seek Custody From Special Court if Accused Isn’t Arrested Before Filing a Complaint u/s 44(1)(B) of PMLA | SC”