FEMA & Banking

Blog, News, FEMA & Banking

November 5, 2024

RBI Directs Banks to Use Only BIS-Certified Note Sorting Machines as per IS 18663 | 2024 Standards for Accuracy

Circular No. RBI/2024-2025/86 DCM (NPD) … Continue reading “RBI Directs Banks to Use Only BIS-Certified Note Sorting Machines as per IS 18663 | 2024 Standards for Accuracy”

Blog, News, FEMA & Banking

November 5, 2024

HC Grants Bail to Petitioner Accused of Cash Handling in Goa Elections Citing Weak Case and No Risk of Tampering Evidence

Case Details: Chanpreet Singh Rayat … Continue reading “HC Grants Bail to Petitioner Accused of Cash Handling in Goa Elections Citing Weak Case and No Risk of Tampering Evidence”

Blog, News, FEMA & Banking

October 30, 2024

RBI Updates Directions for Central Counterparties (CCPS) – Enables CCPS To Appoint Independent Directors

Circular No. RBI/2024-2025/85 DPSS.CO.RLVPD.No.S789/02.07.038/2024-25, Dated … Continue reading “RBI Updates Directions for Central Counterparties (CCPS) – Enables CCPS To Appoint Independent Directors”

Blog, News, FEMA & Banking

November 11, 2024

HC Dismisses Sec. 138 Complaint Against Accused as it was Filed Prematurely Before Expiry of 15-Day Notice Period

Case Details: Santosh Kumar Shrivastava … Continue reading “HC Dismisses Sec. 138 Complaint Against Accused as it was Filed Prematurely Before Expiry of 15-Day Notice Period”

Blog, News, FEMA & Banking

November 11, 2024

FCRA Associations Permitted to File Another Application in Form FC-6E Even if One is Pending on FCRA Portal | MHA

Public Notice No. II/21022/23(03)2024-FCRA-II; Dated: … Continue reading “FCRA Associations Permitted to File Another Application in Form FC-6E Even if One is Pending on FCRA Portal | MHA”

News, Blog, FEMA & Banking

October 26, 2024

Writ Plea Challenging Cancellation of Auction Sale Allowed as Lender Bank Cancelled Sale Solely Upon Direction of CBI

Case Details: Ram Swaroop v. … Continue reading “Writ Plea Challenging Cancellation of Auction Sale Allowed as Lender Bank Cancelled Sale Solely Upon Direction of CBI”

Blog, FEMA & Banking

October 25, 2024

[Analysis] FDI in India – Country-Wise Distribution | Entry Routes | Sectoral Caps

FDI (Foreign Direct Investment) in … Continue reading “[Analysis] FDI in India – Country-Wise Distribution | Entry Routes | Sectoral Caps”

News, Blog, FEMA & Banking

October 23, 2024

IFSCA Amends IFSC Insurance Office Regulations; Insert Norms on ‘Unit Linked Insurance Products’ & ‘Investment Patterns’

Notification No. IFSCA/GN/2024/008, Dated: 14.10.2024 … Continue reading “IFSCA Amends IFSC Insurance Office Regulations; Insert Norms on ‘Unit Linked Insurance Products’ & ‘Investment Patterns’”

Blog, News, FEMA & Banking

October 23, 2024

IFSCA Notifies ‘Payment and Settlement Systems Regulations’ Outlining Operations of Payment Systems in IFSCs

Notification No. IFSCA/GN/2024/009, Dated: 14.10.2024 … Continue reading “IFSCA Notifies ‘Payment and Settlement Systems Regulations’ Outlining Operations of Payment Systems in IFSCs”

Blog, News, FEMA & Banking

October 23, 2024

IFSCA Amends ‘IFSCA (Registration of Insurance Business) Regulations, 2021’ | Updates Reinsurance Business Norms

Notification No. IFSCA/GN/2024/010, Dated: 14.10.2024 … Continue reading “IFSCA Amends ‘IFSCA (Registration of Insurance Business) Regulations, 2021’ | Updates Reinsurance Business Norms”