FEMA & Banking

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”

Blog, News, FEMA & Banking

May 17, 2024

ED’s Prosecution Complaint Filed Within 90 Days of the Attachment Order is Valid as Per Amended Section 8 of PMLA

Image Case Details: Yashovardhan Birla … Continue reading “ED’s Prosecution Complaint Filed Within 90 Days of the Attachment Order is Valid as Per Amended Section 8 of PMLA”

Blog, News, FEMA & Banking

May 17, 2024

RBI Holds a Conference for Heads of NBFCs’ Assurance Functions to Maintain Constant Vigil Against Potential Risks

Image Press Release No. 2024-2025/307; … Continue reading “RBI Holds a Conference for Heads of NBFCs’ Assurance Functions to Maintain Constant Vigil Against Potential Risks”

News, Blog, FEMA & Banking

May 10, 2024

RBI Notifies Directions on ‘Margin for Derivative Contracts’ After Review Based on Market Feedbacks

Circular No. RBI/2024-25/34 A.P. (DIR … Continue reading “RBI Notifies Directions on ‘Margin for Derivative Contracts’ After Review Based on Market Feedbacks”

Blog, News, FEMA & Banking

May 10, 2024

RBI Issues Master Direction on ‘Margining for Non-Centrally Cleared OTC Derivatives’

Master Direction No. RBI/FMRD/2024-25/117 FMRD.DIRD.01/14.01.023/2024-25; … Continue reading “RBI Issues Master Direction on ‘Margining for Non-Centrally Cleared OTC Derivatives’”

Blog, News, FEMA & Banking

May 10, 2024

RBI Holds Meeting With Major Stakeholders in UPI Ecosystem; Aims to Scale Up UPI Infrastructure

Press Release: 2024-2025/268; Dated: 08.05.2024 … Continue reading “RBI Holds Meeting With Major Stakeholders in UPI Ecosystem; Aims to Scale Up UPI Infrastructure”

Blog, News, FEMA & Banking

May 8, 2024

ADs Can Post and Collect Margins in India/Outside India for Derivative Contracts Entered With Non-Residents

Notification No. FEMA 399(1)/2024-RB; Dated: … Continue reading “ADs Can Post and Collect Margins in India/Outside India for Derivative Contracts Entered With Non-Residents”

Blog, News, FEMA & Banking

May 8, 2024

AD Banks Can Allow Interest-Bearing Accounts for Non-Residents to Post/Collect Margins for Derivative Contracts

Notification No. F. No. FEMA … Continue reading “AD Banks Can Allow Interest-Bearing Accounts for Non-Residents to Post/Collect Margins for Derivative Contracts”

Blog, News, FEMA & Banking

May 7, 2024

Appellant Penalised for FDI Reporting Failure Under Repealed Norms as New Amendment Maintained Reporting Obligation

Case Details: M/s Shell India … Continue reading “Appellant Penalised for FDI Reporting Failure Under Repealed Norms as New Amendment Maintained Reporting Obligation”

Blog, News, FEMA & Banking

May 6, 2024

RBI Revises Extant Guidelines on Issuance of ‘Irrevocable Payment Commitments’ by Banks

Circular No. RBI/2024-25/33 DOR.CRE.REC.22/21.03.054/2024-25; Dated: … Continue reading “RBI Revises Extant Guidelines on Issuance of ‘Irrevocable Payment Commitments’ by Banks”