FEMA & Banking

Blog, News, FEMA & Banking

October 27, 2023

Cooperative Banks Must Present all Unclaimed Liabilities in Financials Under “Contingent Liabilities – Others” | RBI

Circular No. RBI/2023-24/71 DOR.ACC.47/21.04.018/2023-24, Dated: … Continue reading “Cooperative Banks Must Present all Unclaimed Liabilities in Financials Under “Contingent Liabilities – Others” | RBI”

Blog, News, FEMA & Banking

October 27, 2023

RBI Mandates Private Banks to Have 2 Whole-time Directors, Including MD & CEO, on Their Boards

Circular no. RBI/2023-24/70 DOR.HGG.GOV.REC.46/29.67.001/2023-24; Dated: … Continue reading “RBI Mandates Private Banks to Have 2 Whole-time Directors, Including MD & CEO, on Their Boards”

Blog, News, FEMA & Banking

October 25, 2023

RBI Permits PROIs Maintaining a Rupee Account to Purchase/Sell Dated Government Securities/Treasury Bills

Notification No. FEMA.396 (2)/2023-RB; Dated: … Continue reading “RBI Permits PROIs Maintaining a Rupee Account to Purchase/Sell Dated Government Securities/Treasury Bills”

Blog, FEMA & Banking

February 5, 2024

Understanding the Valuation under FEMA

Niki Shah – Partner | … Continue reading “Understanding the Valuation under FEMA”

Blog, News, FEMA & Banking

October 21, 2023

RBI Issues Master Direction on NBFCs

Master Direction No RBI/DoR/2023-24/105, DoR.FIN.REC.No.45/03.10.119/2023-24 … Continue reading “RBI Issues Master Direction on NBFCs”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] Strengthening India’s Financial Security | Key Amendments to Anti-Money Laundering Rules

Table of Contents Introduction Definition … Continue reading “[Analysis] Strengthening India’s Financial Security | Key Amendments to Anti-Money Laundering Rules”

Blog, News, FEMA & Banking

October 18, 2023

Reverse Repo Transactions With Non-banks for All Tenors Shall Be Reported Under Loans, Cash Credits Under Bank Credit | RBI

Circular No. RBI/2023-24/68 DoR.RET.REC.43/12.01.001/2023-24, Dated: … Continue reading “Reverse Repo Transactions With Non-banks for All Tenors Shall Be Reported Under Loans, Cash Credits Under Bank Credit | RBI”

Blog, News, FEMA & Banking

October 18, 2023

Govt. Requires REs to Immediately Obtain ‘Client Due Diligence’ Records from Third Parties Under PMLA Norms

Notification No. G.S.R 745(E); Dated: … Continue reading “Govt. Requires REs to Immediately Obtain ‘Client Due Diligence’ Records from Third Parties Under PMLA Norms”

Blog, News, FEMA & Banking

October 16, 2023

ATFE Slashes Penalty on Appellant for Wrong Transfer of Forex Outside India as He Repatriated the Same & Paid Tax

Case Details: Shri Kumar Satur … Continue reading “ATFE Slashes Penalty on Appellant for Wrong Transfer of Forex Outside India as He Repatriated the Same & Paid Tax”

News, Blog, FEMA & Banking

October 12, 2023

RBI Extends Prompt Corrective Action (PCA) Framework to Government NBFCs from October 1, 2024

Circular No. RBI/2023-24/67 Ref. No.DoS.CO.PPG/SEC.05/11.01.005/2023-24; … Continue reading “RBI Extends Prompt Corrective Action (PCA) Framework to Government NBFCs from October 1, 2024”