FEMA & Banking

Blog, News, FEMA & Banking

February 13, 2024

RBI Hikes Ceiling on Remuneration for Non-Executive Directors of Private Banks From 20 Lakhs to 30 Lakhs Per Annum

Circular No. RBI/2023-24/121 DoR.HGG.GOV.REC.75/29.67.001/2023-24, Dated … Continue reading “RBI Hikes Ceiling on Remuneration for Non-Executive Directors of Private Banks From 20 Lakhs to 30 Lakhs Per Annum”

News, Blog, FEMA & Banking

February 13, 2024

Indian Banks Which Are Authorized to Import Gold/Silver Can Now Act As Special Category Client (SCC) of IIBX | RBI

Circular No. RBI/2023-24/120 DoR.AUT.REC.74/24.01.041/2023-24, Dated … Continue reading “Indian Banks Which Are Authorized to Import Gold/Silver Can Now Act As Special Category Client (SCC) of IIBX | RBI”

Blog, News, FEMA & Banking

February 13, 2024

Sovereign Gold Bond Scheme 2023-24 – Series IV to be Open for Subscription During February 12-16, 2024 | RBI

Press Release: 2023-2024/1849, Dated 09.02.2024 … Continue reading “Sovereign Gold Bond Scheme 2023-24 – Series IV to be Open for Subscription During February 12-16, 2024 | RBI”

Blog, News, FEMA & Banking

February 12, 2024

Petition for Quashing of Summon Order Was to be Dismissed Where Trial Court Convicted Accused u/s 138 of NI Act | HC

Case Details: Sumit Juneja v. … Continue reading “Petition for Quashing of Summon Order Was to be Dismissed Where Trial Court Convicted Accused u/s 138 of NI Act | HC”

Blog, News, FEMA & Banking

February 9, 2024

RBI to Introduce Key Fact Statement (KFS) for Retail and MSME Loans & Advances

Press Release: 2023-2024/1827, Dated 08.02.2024 … Continue reading “RBI to Introduce Key Fact Statement (KFS) for Retail and MSME Loans & Advances”

News, Blog, FEMA & Banking

February 9, 2024

RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50 %

Press Release: 2023-2024/1826, Dated 08.02.2024 … Continue reading “RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50 %”

Blog, News, FEMA & Banking

February 8, 2024

HC, in Sec. 482 CrPC, Must Not Decide the Mixed Law-fact Issue on Time-barred Debt in Sec. 138 Proceedings

Case Details: Atamjit Singh v. … Continue reading “HC, in Sec. 482 CrPC, Must Not Decide the Mixed Law-fact Issue on Time-barred Debt in Sec. 138 Proceedings”

Blog, News, FEMA & Banking

February 3, 2024

IFSCA Notifies Norms for Offering Payment Services in or from IFSC

Notification no. IFSCA/GN/2024/001., Dated 29.01.2024 … Continue reading “IFSCA Notifies Norms for Offering Payment Services in or from IFSC”

News, Blog, FEMA & Banking

February 3, 2024

AD Category-I Banks Can Allow India-UAE CEPA TRQ Holders to Make 11-Day Advance Payments for Gold Imports via IIBX | RBI

Circular No. RBI/2023-24/118 A.P. (DIR … Continue reading “AD Category-I Banks Can Allow India-UAE CEPA TRQ Holders to Make 11-Day Advance Payments for Gold Imports via IIBX | RBI”

Blog, News, FEMA & Banking

February 1, 2024

Sale of Mortgaged Property to the Auction Purchaser Was Upheld as the Borrower Knew and Was Present at Time of the Auction | SC

Case Details: Bombay Mercantile Cooperative … Continue reading “Sale of Mortgaged Property to the Auction Purchaser Was Upheld as the Borrower Knew and Was Present at Time of the Auction | SC”