FEMA & Banking

Blog, News, FEMA & Banking

July 31, 2024

RBI Restricts FPIs from Investing in New 14-Year and 30-Year G-Secs Under Fully Accessible Route

Circular No. RBI/2024-25/56 FMRD. FMID. … Continue reading “RBI Restricts FPIs from Investing in New 14-Year and 30-Year G-Secs Under Fully Accessible Route”

Blog, News, FEMA & Banking

July 29, 2024

RBI Issues Master Direction on Overseas Investment

FED Master Direction No.15/2024-25; Dated: … Continue reading “RBI Issues Master Direction on Overseas Investment”

News, Blog, FEMA & Banking

July 29, 2024

RBI Issues ‘Prompt Corrective Action’ Framework for Primary (Urban) Cooperative Banks

Circular No. RBI/2024-25/55 DOS.CO.PPG.SEC.No.8/11.01.005/2024-25; Dated: … Continue reading “RBI Issues ‘Prompt Corrective Action’ Framework for Primary (Urban) Cooperative Banks”

Blog, News, FEMA & Banking

July 26, 2024

RBI Revises Framework for ‘Domestic Money Transfer’ | Mandates Remitting Banks to Keep Beneficiary Records for Cash Payout

Circular No. RBI/2024-25/52 CO.DPSS.POLC.No.S415/02.27.019/2024-25, Dated: … Continue reading “RBI Revises Framework for ‘Domestic Money Transfer’ | Mandates Remitting Banks to Keep Beneficiary Records for Cash Payout”

Blog, News, FEMA & Banking

July 24, 2024

IFSCA Introduces Norms for the Regulation and Supervision of Payment and Settlement Systems

Notification No. IFSCA/GN/2024/005, Dated: 12.07.2024 … Continue reading “IFSCA Introduces Norms for the Regulation and Supervision of Payment and Settlement Systems”

Blog, News, FEMA & Banking

July 22, 2024

Govt. Revises Prevention of Money-Laundering Rules to Enforce Stringent KYC Updates by Reporting Entities

Notification No. G.S.R 419(E); Dated: … Continue reading “Govt. Revises Prevention of Money-Laundering Rules to Enforce Stringent KYC Updates by Reporting Entities”

Blog, News, FEMA & Banking

July 22, 2024

SAFEMA Orders Release of Seized Funds | Reduces Penalty as Appellant Proves Legal Forex Acquisition During Travel Abroad

Case Details: Vaseem Kapadia v. … Continue reading “SAFEMA Orders Release of Seized Funds | Reduces Penalty as Appellant Proves Legal Forex Acquisition During Travel Abroad”

Blog, News, FEMA & Banking

July 20, 2024

HC Orders Release of Attached Shares Under PMLA on Furnishing ‘Fixed Deposit Receipts’ Equivalent to Proceeds of Crime

Case Details: Gagan Infraenergy Ltd. … Continue reading “HC Orders Release of Attached Shares Under PMLA on Furnishing ‘Fixed Deposit Receipts’ Equivalent to Proceeds of Crime”

News, Blog, FEMA & Banking

July 17, 2024

RBI Issues Revised Master Directions on ‘Fraud Risk Management’ for the Regulated Entities

Press Release No. 2024-2025/698; Dated: … Continue reading “RBI Issues Revised Master Directions on ‘Fraud Risk Management’ for the Regulated Entities”

Blog, News, FEMA & Banking

July 17, 2024

RBI Extends Due Date for Filing of FLA Return to 31-07-2024

RBI news RBI has extended … Continue reading “RBI Extends Due Date for Filing of FLA Return to 31-07-2024”