FEMA & Banking

Blog, News, FEMA & Banking

November 14, 2023

Central Govt. Amends PMLA Norms, Designates FIU-India Director as Regulator for Expanded Reporting Entities

Notification No. S.O. 4876(E) & … Continue reading “Central Govt. Amends PMLA Norms, Designates FIU-India Director as Regulator for Expanded Reporting Entities”

Blog, News, FEMA & Banking

November 14, 2023

Govt. Amends Insurance Ombudsman Rules, 2017, Mandates Prior Notice for Resignation of Insurance Ombudsman

Notification No: G.S.R. 828(E), Dated: … Continue reading “Govt. Amends Insurance Ombudsman Rules, 2017, Mandates Prior Notice for Resignation of Insurance Ombudsman”

Blog, News, FEMA & Banking

November 10, 2023

RBI Permits Non-resident Investment in Government-issued SGBs via ‘Fully Accessible Route’ for F.Y. 2023-24

Circular No. RBI/2023-24/81 FMRD.FMID.No. 04/14.01.006/2023-24, … Continue reading “RBI Permits Non-resident Investment in Government-issued SGBs via ‘Fully Accessible Route’ for F.Y. 2023-24”

Blog, News, FEMA & Banking

November 3, 2023

Bulgaria Has Been Added to the List of High-Risk Jurisdictions Under Increased Monitoring

Press Release no. 2023-2024/1223; Dated: … Continue reading “Bulgaria Has Been Added to the List of High-Risk Jurisdictions Under Increased Monitoring”

Blog, News, FEMA & Banking

November 3, 2023

RBI Decides to Directly Regulate Entities Facilitating Cross-border Payment Transactions

Circular no. RBI/2023-24/80 CO.DPSS.POLC.No.S-786/02-14-008/2023-24; Dated: … Continue reading “RBI Decides to Directly Regulate Entities Facilitating Cross-border Payment Transactions”

Blog, News, FEMA & Banking

November 3, 2023

RBI Facilitates Rs 2000 Banknote Deposits via India Post; Issues Deposit Application Format for Credit to Bank a/c

Press Release: 2023-2024/1222, Dated: 01.11.2023 … Continue reading “RBI Facilitates Rs 2000 Banknote Deposits via India Post; Issues Deposit Application Format for Credit to Bank a/c”

Blog, News, FEMA & Banking

November 2, 2023

Attachment Order By ED Was to Be Quashed Where Likelihood of Concealment or Transfer of Properties Couldn’t Be Proved

Case Details: Smt. Suma Sooraj … Continue reading “Attachment Order By ED Was to Be Quashed Where Likelihood of Concealment or Transfer of Properties Couldn’t Be Proved”

Blog, News, FEMA & Banking

November 2, 2023

Cooperative Banks Must Contact the RBI’s Department of Supervision for Changes in Their Names | RBI

Circular no. RBI/2023-24/79 DoR.REG/LIC.No.55/07.01.000/2023-24; Dated: … Continue reading “Cooperative Banks Must Contact the RBI’s Department of Supervision for Changes in Their Names | RBI”

News, Blog, FEMA & Banking

November 2, 2023

District Central Co-op. Banks Can Shift Their Branches/Offices/Extension Counters Without Prior Permission of RBI

Circular No. RBI/2023-24/78 DoR.REG/LIC.No.54/19.51.052/2023-24, Dated: … Continue reading “District Central Co-op. Banks Can Shift Their Branches/Offices/Extension Counters Without Prior Permission of RBI”

Blog, News, FEMA & Banking

October 30, 2023

IFSCA Amends IFSCA (Investment by International Financial Services Centre Insurance Office) Regulations, 2022

Notification no. IFSCA/2023-24/GN/REG042; Dated: 25.10.2023 … Continue reading “IFSCA Amends IFSCA (Investment by International Financial Services Centre Insurance Office) Regulations, 2022”