FEMA & Banking

Blog, News, FEMA & Banking

October 7, 2023

RBI Keeps the Policy Repo Rate Unchanged at 6.50%

Press Release: 2023-2024/1051 & 1052, … Continue reading “RBI Keeps the Policy Repo Rate Unchanged at 6.50%”

Blog, News, FEMA & Banking

October 7, 2023

RBI Adds 30 Banks to UDGAM Making 90% Unclaimed Deposits in ‘Depositor Education & Awareness Fund’ Accessible

Press Release: 2023-2024/1048, Dated: 05.10.2023 … Continue reading “RBI Adds 30 Banks to UDGAM Making 90% Unclaimed Deposits in ‘Depositor Education & Awareness Fund’ Accessible”

News, Blog, FEMA & Banking

October 5, 2023

‘e-Kuber’ Portal to Remain Functional on 31.03.2024 (Sunday) for Processing of Govt. Transactions | RBI

Circular No. RBI/2023-24/65 CO.DGBA.GBD.No.S646/42-01-029/2023-2024, Dated … Continue reading “‘e-Kuber’ Portal to Remain Functional on 31.03.2024 (Sunday) for Processing of Govt. Transactions | RBI”

Blog, News, FEMA & Banking

October 4, 2023

Petitioners Couldn’t Demand Committal of Case of Scheduled Offence From Special Court to PMLA Court u/s 44 of PMLA | HC

Case Details: Pankajini Sahu v. … Continue reading “Petitioners Couldn’t Demand Committal of Case of Scheduled Offence From Special Court to PMLA Court u/s 44 of PMLA | HC”

Blog, News, FEMA & Banking

September 29, 2023

Presumption u/s 24 of PMLA Can be Rebutted Only at Stage of Trial & Not at Stage of Framing of Charge | HC

Case Details: Kumar Pranav v. … Continue reading “Presumption u/s 24 of PMLA Can be Rebutted Only at Stage of Trial & Not at Stage of Framing of Charge | HC”

Blog, News, FEMA & Banking

September 28, 2023

Govt. Accepts Over 10,000 Claims of MSMEs Under the ‘Vivad se Vishwas – I Scheme’

Press Release; Dated: 26.09.2023 The … Continue reading “Govt. Accepts Over 10,000 Claims of MSMEs Under the ‘Vivad se Vishwas – I Scheme’”

Blog, News, FEMA & Banking

September 27, 2023

MHA Widens Form FC-4 | Now Foreign Cos Must Disclose Both Movable & Immovable Assets Created From Foreign Contributions

Notification No. G.S.R. 683(E), Dated: … Continue reading “MHA Widens Form FC-4 | Now Foreign Cos Must Disclose Both Movable & Immovable Assets Created From Foreign Contributions”

News, Blog, FEMA & Banking

September 27, 2023

REs Must Display on Their Websites Information of Borrowers Whose Secured Assets are Taken Over Under the SARFAESI Act

Circular No. RBI/2023-24/63 DoR.FIN.REC.41/20.16.003/2023-24; Dated: … Continue reading “REs Must Display on Their Websites Information of Borrowers Whose Secured Assets are Taken Over Under the SARFAESI Act”

Blog, News, FEMA & Banking

September 25, 2023

Security Interest Registered With CERSAI Would Get Priority Over Dues of Government | HC

Case Details: Ronak Industries v. … Continue reading “Security Interest Registered With CERSAI Would Get Priority Over Dues of Government | HC”

Blog, News, FEMA & Banking

September 23, 2023

RBI Releases Directions for All India Financial Institutions Regarding Basel III Capital Framework, Exposure Norms, etc.

Circular No. RBI/DoR/2023-24/105 DoR.FIN.REC.40/01.02.000/2023-24 & … Continue reading “RBI Releases Directions for All India Financial Institutions Regarding Basel III Capital Framework, Exposure Norms, etc.”