FEMA & Banking

News, Blog, FEMA & Banking

April 16, 2024

Transfer of Case Due to Jurisdiction Change Doesn’t Bar Lower Authority’s Adjudication; Plea Dismissed | HC

Case Details: Auro Logistics Ltd. … Continue reading “Transfer of Case Due to Jurisdiction Change Doesn’t Bar Lower Authority’s Adjudication; Plea Dismissed | HC”

Blog, News, FEMA & Banking

April 16, 2024

RBI Allows Resident Entities to Hedge Their Exposures to Gold Price Risk Using OTC Derivatives in IFSCs

Circular No. RBI/2024-25/17 A. P. … Continue reading “RBI Allows Resident Entities to Hedge Their Exposures to Gold Price Risk Using OTC Derivatives in IFSCs”

Blog, News, FEMA & Banking

April 15, 2024

HC’s Interference in SARFAESI Act Matters Should Be Minimal | Petitioner’s Bid to Quash Sale Proceedings Rejected

Case Details: Oswal (India) v. … Continue reading “HC’s Interference in SARFAESI Act Matters Should Be Minimal | Petitioner’s Bid to Quash Sale Proceedings Rejected”

Blog, News, FEMA & Banking

April 12, 2024

Secured Creditor’s Action Under SARFAESI Act Abates References to AAIFR, Including Appellant Co.’s SICA Reference | HC

Case Details: Swadeshi Cement Ltd. … Continue reading “Secured Creditor’s Action Under SARFAESI Act Abates References to AAIFR, Including Appellant Co.’s SICA Reference | HC”

News, Blog, FEMA & Banking

April 8, 2024

RBI Imposes a Monetary Penalty of Rs 49.70 Lakh on ‘LIC Housing Finance Limited’ for Non-compliance With RBI Norms

Press Release No. 2024-2025/56; Dated: … Continue reading “RBI Imposes a Monetary Penalty of Rs 49.70 Lakh on ‘LIC Housing Finance Limited’ for Non-compliance With RBI Norms”

Blog, News, FEMA & Banking

April 8, 2024

RBI Imposes a Monetary Penalty of Rs 1 Crore on ‘IDFC First Bank Limited’ for Non-Compliance with RBI Norms

Press Release No. 2024-2025/54; Dated: … Continue reading “RBI Imposes a Monetary Penalty of Rs 1 Crore on ‘IDFC First Bank Limited’ for Non-Compliance with RBI Norms”

Blog, News, FEMA & Banking

April 8, 2024

RBI Launches New Website and Mobile Application | Press Release

Press Release No. 2024-2025/57; Dated: … Continue reading “RBI Launches New Website and Mobile Application | Press Release”

Blog, News, FEMA & Banking

April 8, 2024

RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50 %

Press Release: 2024-2025/42, Dated: 05.04.2024 … Continue reading “RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50 %”

News, Blog, FEMA & Banking

April 5, 2024

HC Upholds Non-Bailable Warrant Against PMLA Accused for Repeated Non-appearances Before Court

Case Details: Rajeev Jhawar v. … Continue reading “HC Upholds Non-Bailable Warrant Against PMLA Accused for Repeated Non-appearances Before Court”

Blog, News, FEMA & Banking

April 5, 2024

Sec. 24 of RTI Act Exempts ED From Disclosing Info on Recruitment Rules if No Human Rights Violation is Involved | HC

Case Details: Directorate of Enforcement … Continue reading “Sec. 24 of RTI Act Exempts ED From Disclosing Info on Recruitment Rules if No Human Rights Violation is Involved | HC”