FEMA & Banking

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] Streamlining Processes | RBI Issues Directions for Swift Release of Property Documents Post-loan Closure

Table of Contents Introduction REs … Continue reading “[Analysis] Streamlining Processes | RBI Issues Directions for Swift Release of Property Documents Post-loan Closure”

Blog, News, FEMA & Banking

September 13, 2023

HC Granted Bail to Petitioner as he was Unaware that Loan was Tainted and there was no Direct Link to Criminal Activities

Case Details: Vijay Agrawal v. … Continue reading “HC Granted Bail to Petitioner as he was Unaware that Loan was Tainted and there was no Direct Link to Criminal Activities”

Blog, News, FEMA & Banking

September 12, 2023

RBI Releases Amounts Impounded Under the I-CRR in Stages to Prevent System Liquidity from Sudden Shocks

Circular No. RBI/2023-24/5 DOR.RET.REC.34/12.01.001/2023-24, Dated: … Continue reading “RBI Releases Amounts Impounded Under the I-CRR in Stages to Prevent System Liquidity from Sudden Shocks”

Blog, News, FEMA & Banking

September 12, 2023

SGB Scheme 2023-24-Series II Subscription Window Will Open During September 11 to 15, 2023

Press Release: 2023-2024/898; Dated: 08-09-2023 … Continue reading “SGB Scheme 2023-24-Series II Subscription Window Will Open During September 11 to 15, 2023”

News, Blog, FEMA & Banking

September 12, 2023

ECLGS Benefit was to be Granted to Petitioners as their a/c weren’t Classified as NPA till the Time Scheme was in Force | HC

Case Details: Guha Roy Food … Continue reading “ECLGS Benefit was to be Granted to Petitioners as their a/c weren’t Classified as NPA till the Time Scheme was in Force | HC”

News, Blog, FEMA & Banking

September 11, 2023

MoF Permits 3 Reporting Entities to Perform Authentication Under the Aadhaar Act, 2016

Notification No. S.O. 3965(E); Dated: … Continue reading “MoF Permits 3 Reporting Entities to Perform Authentication Under the Aadhaar Act, 2016”

Blog, News, FEMA & Banking

September 11, 2023

HC Couldn’t Entertain Writ Contesting Auction Sale Cancellation as Petitioner Had Filed an Appeal u/s 30 of RDDB Act

Case Details: Raiskhan Firozkhan Pathan … Continue reading “HC Couldn’t Entertain Writ Contesting Auction Sale Cancellation as Petitioner Had Filed an Appeal u/s 30 of RDDB Act”

Blog, News, FEMA & Banking

September 6, 2023

Natural Person Eligible for More Than 10% of Capital or Profits of Partnership Shall be a Beneficial Owner Under PMLA

Notification No. G.S.R. 652(E)., Dated: … Continue reading “Natural Person Eligible for More Than 10% of Capital or Profits of Partnership Shall be a Beneficial Owner Under PMLA”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] RBI’s Innovative Step – UPI Transactions Are Now Accessible via Pre-sanctioned Credit Lines

Table of Contents Background RBI’s proposal … Continue reading “[Analysis] RBI’s Innovative Step – UPI Transactions Are Now Accessible via Pre-sanctioned Credit Lines”

Blog, News, FEMA & Banking

September 2, 2023

Banks/FIs Must Duly Follow Procedure Laid Down by RBI for Recovery of Loans/Repossession of Hypothecated Vehicles | HC

Case Details: Dhananjay Seth v. … Continue reading “Banks/FIs Must Duly Follow Procedure Laid Down by RBI for Recovery of Loans/Repossession of Hypothecated Vehicles | HC”