FEMA & Banking

News, Blog, FEMA & Banking

December 22, 2023

RBI Enables Card-on-File Tokenisation Directly Through Card Issuing Banks/Institutions

Circular No. RBI/2023-24/91 CO.DPSS.POLC.No.S-919/02-14-003/2023-24, Dated … Continue reading “RBI Enables Card-on-File Tokenisation Directly Through Card Issuing Banks/Institutions”

Blog, News, FEMA & Banking

December 22, 2023

Petitioner Not Liable for Bounced Cheque Issued by Brother From His Account | Complaint u/s 138 to Be Dismissed | HC

Case Details: Arushi Gupta v. … Continue reading “Petitioner Not Liable for Bounced Cheque Issued by Brother From His Account | Complaint u/s 138 to Be Dismissed | HC”

Blog, News, FEMA & Banking

December 21, 2023

REs Shall Not Invest in AIFs With Direct or Indirect Downstream Investments in Its Debtor Companies | RBI

Circular No. RBI/2023-24/90 DOR.STR.REC.58/21.04.048/2023-24, Dated … Continue reading “REs Shall Not Invest in AIFs With Direct or Indirect Downstream Investments in Its Debtor Companies | RBI”

Blog, News, FEMA & Banking

December 19, 2023

An Arrestee Under PMLA is to Be Informed of the Grounds of His Arrest Within 24 Hrs of Arrest | SC

Case Details: Ram Kishor Arora … Continue reading “An Arrestee Under PMLA is to Be Informed of the Grounds of His Arrest Within 24 Hrs of Arrest | SC”

News, Blog, FEMA & Banking

December 18, 2023

SC Cautions Courts to Avoid Showing Leniency in Granting Bail to Women in PMLA Cases, Regardless of Their Involvement

Case Details: Saumya Chaurasia v. … Continue reading “SC Cautions Courts to Avoid Showing Leniency in Granting Bail to Women in PMLA Cases, Regardless of Their Involvement”

Blog, News, FEMA & Banking

December 17, 2023

HC Upholds Tribunal’s Decision of Reducing the Penalty as ED Fails to Provide a Valid Basis for Imposing the Maximum Penalty

Case Details: Special Director v. … Continue reading “HC Upholds Tribunal’s Decision of Reducing the Penalty as ED Fails to Provide a Valid Basis for Imposing the Maximum Penalty”

Blog, News, FEMA & Banking

December 14, 2023

RBI Hikes Limit for e-mandates to Rs. 100,000 for Recurring Transactions

Circular No. RBI/2023-2024/88 CO.DPSS.POLC.No.S-882/02.14.003/2022-23, Dated … Continue reading “RBI Hikes Limit for e-mandates to Rs. 100,000 for Recurring Transactions”

Blog, News, FEMA & Banking

December 13, 2023

Govt of India Decides to Issue Sovereign Gold Bonds (SGBs) 2023-24 Series III & Series IV

Press Release: 2023-2024/1456, Dated 08.12.2023 … Continue reading “Govt of India Decides to Issue Sovereign Gold Bonds (SGBs) 2023-24 Series III & Series IV”

Blog, News, FEMA & Banking

December 11, 2023

RBI to Come up With a Unified Regulatory Framework on Connected Lending for All the Regulated Entities

Press Release: 2023-2024/1439, Dated 08.12.2023 … Continue reading “RBI to Come up With a Unified Regulatory Framework on Connected Lending for All the Regulated Entities”

News, Blog, FEMA & Banking

December 11, 2023

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

Press Release: 2023-2024/1437&1438, Dated 08.12.2023 … Continue reading “RBI Keeps the Policy Repo Rate Under the Liquidity Adjustment Facility (LAF) Unchanged at 6.50%”