FEMA & Banking

Blog, News, FEMA & Banking

September 11, 2024

Writ Against ED’s Seizure of Property Over Bogus Imports Dismissed Due to Factual Disputes; Unfit for Article 226 Review | HC

Case Details: PC Financial Services … Continue reading “Writ Against ED’s Seizure of Property Over Bogus Imports Dismissed Due to Factual Disputes; Unfit for Article 226 Review | HC”

Blog, FEMA & Banking

September 8, 2024

[Analysis] Supreme Court Ruling on Section 45(1) PMLA – Landmark Decision on Bail Provisions for Women

The discourse on the interpretation … Continue reading “[Analysis] Supreme Court Ruling on Section 45(1) PMLA – Landmark Decision on Bail Provisions for Women”

News, Blog, FEMA & Banking

September 3, 2024

SAFEMA Affirms FERA Penalty for Unauthorized Payments as Lack of Final Hearing Doesn’t Breach Natural Justice

Case Details: Nand Lal Sarawogi … Continue reading “SAFEMA Affirms FERA Penalty for Unauthorized Payments as Lack of Final Hearing Doesn’t Breach Natural Justice”

Blog, News, FEMA & Banking

August 31, 2024

IFSCA Amends Meeting Regulations | Permits Chairperson to Invite Advisory Personnel to Authority Meetings

Notification No. IFSCA/GN/2024/007.; Dated: 20.08.2024 … Continue reading “IFSCA Amends Meeting Regulations | Permits Chairperson to Invite Advisory Personnel to Authority Meetings”

Blog, News, FEMA & Banking

August 31, 2024

IFSCA Notifies Regulations for IPOs, Debt Securities, and Secondary Listings in IFSC Exchanges

Notification No. IFSCA/GN/2024/006.; Dated: 20.08.2024 … Continue reading “IFSCA Notifies Regulations for IPOs, Debt Securities, and Secondary Listings in IFSC Exchanges”

Blog, News, FEMA & Banking

August 30, 2024

SAFEMA Overturned Penalty on Appellant for UK Property Purchase as ED Fails to Prove Unauthorized Fund Transfer

Case Details: Ahmed Suleman Hajiji … Continue reading “SAFEMA Overturned Penalty on Appellant for UK Property Purchase as ED Fails to Prove Unauthorized Fund Transfer”

Blog, News, FEMA & Banking

August 30, 2024

RBI Recognises ‘Fintech Association for Consumer Empowerment’ as a Self-Regulatory Organisation in Fintech Sector

Press Release No. 2024-2025/989; Dated: … Continue reading “RBI Recognises ‘Fintech Association for Consumer Empowerment’ as a Self-Regulatory Organisation in Fintech Sector”

Blog, News, FEMA & Banking

August 29, 2024

SAFEMA Upheld Seizure of Asset as Appellant Failed to Prove Closure or Source of Foreign Account Holding

Case Details: Pradip Burman v. … Continue reading “SAFEMA Upheld Seizure of Asset as Appellant Failed to Prove Closure or Source of Foreign Account Holding”

Blog, News, FEMA & Banking

August 27, 2024

HC Grants Bail to Appellant as There Were No Evidences Available Connecting Appellant to Terrorist Acts at Its Rented Premises

Case Details: Jalaluddin Khan v. … Continue reading “HC Grants Bail to Appellant as There Were No Evidences Available Connecting Appellant to Terrorist Acts at Its Rented Premises”

News, Blog, FEMA & Banking

August 23, 2024

Section 64(2) FERA Charge Applies to Any Contravention in India, Covering Both Indian and Foreign Nationals | SAFEMA

Case Details: Alliance Leicestar Plc … Continue reading “Section 64(2) FERA Charge Applies to Any Contravention in India, Covering Both Indian and Foreign Nationals | SAFEMA”