FEMA & Banking

Blog, News, FEMA & Banking

March 14, 2024

Petitioner Who Proved that He Wasn’t a Partner in Accused Firm Couldn’t Be Impleaded as Accused in Cheque Bounce Case

Case Details: Tushar Sharma v. … Continue reading “Petitioner Who Proved that He Wasn’t a Partner in Accused Firm Couldn’t Be Impleaded as Accused in Cheque Bounce Case”

News, Blog, FEMA & Banking

March 11, 2024

RBI Directs Card Issuers to Share Card Data With Outsourcing Partners Only With Explicit Consent from the Cardholder

Circular No. RBI/2023-24/132 DOR.RAUG.AUT.REC.No.81/24.01.041/2023-24; Dated: … Continue reading “RBI Directs Card Issuers to Share Card Data With Outsourcing Partners Only With Explicit Consent from the Cardholder”

Blog, News, FEMA & Banking

March 8, 2024

RBI Signs an MoU With Bank Indonesia to Promote the Use of Local Currencies for Bilateral Transactions

Press Release No. 2023-2024/2017; Dated: … Continue reading “RBI Signs an MoU With Bank Indonesia to Promote the Use of Local Currencies for Bilateral Transactions”

Blog, News, FEMA & Banking

March 7, 2024

Govt. Directs Repayment of ‘8.35% SBI RTS ISU GOI SPL Bond 2024’

Press Release; Dated: 05.03.2024 The … Continue reading “Govt. Directs Repayment of ‘8.35% SBI RTS ISU GOI SPL Bond 2024’”

Blog, News, FEMA & Banking

March 7, 2024

Govt. Authorises Mumbai DRAT Chairperson to Discharge Delhi DRAT Functions for ‘Ramesh Kumar Vs SBI’ Appeals

Order No. S.O. 1058(E), Dated: … Continue reading “Govt. Authorises Mumbai DRAT Chairperson to Discharge Delhi DRAT Functions for ‘Ramesh Kumar Vs SBI’ Appeals”

Blog, News, FEMA & Banking

March 7, 2024

RBI Restricts ‘JM Financial Products Limited’ from Engaging in Any Form of Financing Against Shares and Debentures

Press Release: 2023-2024/2006; Dated: 05.03.2024 … Continue reading “RBI Restricts ‘JM Financial Products Limited’ from Engaging in Any Form of Financing Against Shares and Debentures”

Blog, News, FEMA & Banking

March 7, 2024

RBI Shifts Submission of Quarterly Statements From XBRL Mode to Centralised Information Management System

Circular No: RBI/2023-24/130 A.P. (DIR … Continue reading “RBI Shifts Submission of Quarterly Statements From XBRL Mode to Centralised Information Management System”

Blog, News, FEMA & Banking

March 7, 2024

RBI Directs Card Issuers to Provide Customers With an Option to Choose from Multiple Card Networks at Time of Issue

Circular No. RBI/2023-24/131 CO.DPSS.POLC.No.S1133/02-14-003/2023-24; Dated: … Continue reading “RBI Directs Card Issuers to Provide Customers With an Option to Choose from Multiple Card Networks at Time of Issue”

News, Blog, FEMA & Banking

March 6, 2024

Govt. Permits 100% FDI Under Automatic Route for Satellite Component Manufacturing in India

Press Note No. 1, Dated: … Continue reading “Govt. Permits 100% FDI Under Automatic Route for Satellite Component Manufacturing in India”

Blog, News, FEMA & Banking

March 6, 2024

RBI Approves of Amalgamation of ‘Fincare Small Finance Bank Ltd’ With ‘AU Small Finance Bank Ltd’

Press Release No. 2023-2024/1995; Dated: … Continue reading “RBI Approves of Amalgamation of ‘Fincare Small Finance Bank Ltd’ With ‘AU Small Finance Bank Ltd’”