FEMA & Banking

Blog, News, FEMA & Banking

July 2, 2024

HC Permits Petitioner to Replace Provisionally Attached Land With Equivalent Bank Guarantee Citing Legal Precedents

Case Details: Revati Cements (P.) … Continue reading “HC Permits Petitioner to Replace Provisionally Attached Land With Equivalent Bank Guarantee Citing Legal Precedents”

Blog, Advisory, FEMA & Banking

June 28, 2024

[Analysis] IFSC Banking | Regulatory Framework and Strategic Opportunities

An International Financial Services Centre … Continue reading “[Analysis] IFSC Banking | Regulatory Framework and Strategic Opportunities”

Blog, News, FEMA & Banking

June 26, 2024

Magistrate Denied Interim Compensation for Cheque Bounce as Bank Extracts and Vouchers Clearly Evidenced Partial Payment

Case Details: Bajaj Constructions v. … Continue reading “Magistrate Denied Interim Compensation for Cheque Bounce as Bank Extracts and Vouchers Clearly Evidenced Partial Payment”

Blog, News, FEMA & Banking

June 26, 2024

Trustees Are Liable for Cheques Dishonored by Trust | No Need for Separate Notice to Establish Vicarious Liability

Case Details: Harpreet Sahni v. … Continue reading “Trustees Are Liable for Cheques Dishonored by Trust | No Need for Separate Notice to Establish Vicarious Liability”

News, Blog, FEMA & Banking

June 25, 2024

Appellate Tribunal Reduced Penalty for Under-invoicing Imports Under FERA as Abetment Charges Lacked Evidence

Case Details: Shailesh V Shah … Continue reading “Appellate Tribunal Reduced Penalty for Under-invoicing Imports Under FERA as Abetment Charges Lacked Evidence”

Blog, News, FEMA & Banking

June 25, 2024

HC Quashes Sec. 138 Complaint Against CS as Complainant Failed to Prove Her Involvement in Cheque Dishonoring

Case Details: Rashmi Goyal v. … Continue reading “HC Quashes Sec. 138 Complaint Against CS as Complainant Failed to Prove Her Involvement in Cheque Dishonoring”

Blog, News, FEMA & Banking

June 18, 2024

HC Upholds FERA Conviction in 2001 Despite FEMA Enactment, as FERA Stands Effective for 2 Years Post-FEMA

Case Details: Sk. Rustam v. … Continue reading “HC Upholds FERA Conviction in 2001 Despite FEMA Enactment, as FERA Stands Effective for 2 Years Post-FEMA”

Blog, FEMA & Banking

June 17, 2024

Acquisition & Transfer of Immovable Property under FEMA Regulations – Guidelines | Practical Strategies | Case Studies

Acquisition and transfer of immovable … Continue reading “Acquisition & Transfer of Immovable Property under FEMA Regulations – Guidelines | Practical Strategies | Case Studies”

News, Blog, FEMA & Banking

June 13, 2024

AD Cat-I Banks May Open Additional Special Current Accounts for Its Constituents to Settle Export & Import Transactions

Circular No. RBI/2024-2025/43 FED Circular … Continue reading “AD Cat-I Banks May Open Additional Special Current Accounts for Its Constituents to Settle Export & Import Transactions”

Blog, Advisory, FEMA & Banking

June 11, 2024

[Analysis] RBI’s New Proposals – Boosting Financial Security | Efficiency | Innovation

The RBI proposals include revising … Continue reading “[Analysis] RBI’s New Proposals – Boosting Financial Security | Efficiency | Innovation”