FEMA & Banking

Blog, News, FEMA & Banking

January 31, 2024

Petitioners Must Exhaust DRT Remedy Before Challenging Sec. 14 Order | Writ Challenging Order Was to Be Dismissed | HC

Case Details: Rajesh Agrawal v. … Continue reading “Petitioners Must Exhaust DRT Remedy Before Challenging Sec. 14 Order | Writ Challenging Order Was to Be Dismissed | HC”

Blog, News, FEMA & Banking

January 25, 2024

SEBI Allows Promoters to Offer Shares to Employees in ‘Offer for Sale‘ Through Stock Exchange Mechanism

Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/6, Dated 23.01.2024 … Continue reading “SEBI Allows Promoters to Offer Shares to Employees in ‘Offer for Sale‘ Through Stock Exchange Mechanism”

News, Blog, FEMA & Banking

January 20, 2024

Govt. Notifies Accounting, Taxation, & Financial Crime Compliance Services as ‘Financial Services’ Under IFSCA Act

Notification No. S.O. 291(E)., Dated … Continue reading “Govt. Notifies Accounting, Taxation, & Financial Crime Compliance Services as ‘Financial Services’ Under IFSCA Act”

Blog, News, FEMA & Banking

January 19, 2024

RBI Revises Eligibility Criteria for UCBs in 2nd Sch. of RBI Act, Aligning With the Revised Regulatory Framework

Circular No. RBI/2023-24/115 DoR.REG/LIC.No.72/16.05.000/2023-24, Dated … Continue reading “RBI Revises Eligibility Criteria for UCBs in 2nd Sch. of RBI Act, Aligning With the Revised Regulatory Framework”

Blog, News, FEMA & Banking

January 18, 2024

RBI Issues Updated Master Circular on Exposure Norms and Statutory/Other Restrictions-UCBs

RBI/2023-24/114 DoR.CRE.REC.71/07.10.002/2023-24, Dated: 16.01.2024 RBI … Continue reading “RBI Issues Updated Master Circular on Exposure Norms and Statutory/Other Restrictions-UCBs”

Blog, News, FEMA & Banking

January 18, 2024

Foreign Remittance Made By Using Forged Form 15CB isn’t “Proceeds of Crime” from Scheduled Offence of Forgery | HC

Case Details: Amit Aggarwal v. … Continue reading “Foreign Remittance Made By Using Forged Form 15CB isn’t “Proceeds of Crime” from Scheduled Offence of Forgery | HC”

Blog, News, FEMA & Banking

January 18, 2024

Govt. Notifies the List of Reporting Entities Who Can Perform Aadhaar Authentication Under the Aadhaar Act

Notification S.O. 180(E), Dated: 16.01.2024 … Continue reading “Govt. Notifies the List of Reporting Entities Who Can Perform Aadhaar Authentication Under the Aadhaar Act”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] RBI’s FinTech Self-Regulatory Organization (SRO) – Framework | Eligibility | Others

Table of Contents Introduction What … Continue reading “[Analysis] RBI’s FinTech Self-Regulatory Organization (SRO) – Framework | Eligibility | Others”

News, Blog, FEMA & Banking

January 17, 2024

RBI Proposes Aligning Housing Finance Companies With NBFCs, Enforcing 15% Liquid Assets for Deposit-taking HFCs

Press Release: 2023-2024/1678, Dated 15-01-2024 … Continue reading “RBI Proposes Aligning Housing Finance Companies With NBFCs, Enforcing 15% Liquid Assets for Deposit-taking HFCs”

Blog, News, FEMA & Banking

January 17, 2024

Guarantees for NBFC-UL Credit Risk Transfer Must Be Direct, Explicit, Irrevocable, and Unconditional | RBI Clarifies

Circular No. RBI/2023-24/112 DOR.CRE.REC.70/21.01.003/2023-24, Dated … Continue reading “Guarantees for NBFC-UL Credit Risk Transfer Must Be Direct, Explicit, Irrevocable, and Unconditional | RBI Clarifies”