FEMA & Banking

Blog, News, FEMA & Banking

September 2, 2023

93% of Rs 2000 Banknotes in Circulation Returned to Banks Till August 31, 2023 | RBI

Press Release: 2023-2024/851, Dated: 01.09.2023 … Continue reading “93% of Rs 2000 Banknotes in Circulation Returned to Banks Till August 31, 2023 | RBI”

Blog, News, FEMA & Banking

September 2, 2023

HC Admits Bail Plea as Petitioner Facing Charges for Money Laundering was Cooperative Throughout the Proceedings

Case Details: Sandeep Nair v. … Continue reading “HC Admits Bail Plea as Petitioner Facing Charges for Money Laundering was Cooperative Throughout the Proceedings”

News, Blog, FEMA & Banking

August 30, 2023

Rs. 2 Lakh Penalty Was Justified for Technical Non-compliances Where Substantive Provisions of FDI Were Met Later

Case Details: Union of India … Continue reading “Rs. 2 Lakh Penalty Was Justified for Technical Non-compliances Where Substantive Provisions of FDI Were Met Later”

Blog, News, FEMA & Banking

August 28, 2023

Non-imposition of 20% of Fine Amount in Cheque Bounce Case Couldn’t be Said to Be Invalidation of Suspension of Sentence

Case Details: Gulshan Arora v. … Continue reading “Non-imposition of 20% of Fine Amount in Cheque Bounce Case Couldn’t be Said to Be Invalidation of Suspension of Sentence”

Blog, News, FEMA & Banking

August 28, 2023

RBI Raises the Upper Limit for Small-value Offline Digital Payments to Rs 500

Circular No. RBI/2023-24/57 CO.DPSS.POLC.No.S526/02-14-003/2023-24, Dated: … Continue reading “RBI Raises the Upper Limit for Small-value Offline Digital Payments to Rs 500”

Blog, News, FEMA & Banking

August 28, 2023

CMM/DM Can’t Pronounce any Judgment on Borrower’s Objections as They Have Only Administrative Powers u/s 14 of SARFAESI Act | HC

Case Details: L&T Finance Ltd. … Continue reading “CMM/DM Can’t Pronounce any Judgment on Borrower’s Objections as They Have Only Administrative Powers u/s 14 of SARFAESI Act | HC”

Blog, News, FEMA & Banking

August 28, 2023

Insurers Must Submit a Board-approved Reinsurance Plan Within 45 Days from Commencement of FY | IRDAI

Notification F. No. IRDAI/Reg/5/193/2023, Dated: … Continue reading “Insurers Must Submit a Board-approved Reinsurance Plan Within 45 Days from Commencement of FY | IRDAI”

Blog, News, FEMA & Banking

August 28, 2023

HC Rejects Plea to Quash Summon Order as Disputes Relating to Cheque & Its Dishonour by Director Were Triable Issues

Case Details: Ambika Narang v. … Continue reading “HC Rejects Plea to Quash Summon Order as Disputes Relating to Cheque & Its Dishonour by Director Were Triable Issues”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] Decoding RBI’s New Rules | Know How Your EMIs and Loan Eligibilities Would Impact?

Table of Contents Introduction Banks/FIs … Continue reading “[Analysis] Decoding RBI’s New Rules | Know How Your EMIs and Loan Eligibilities Would Impact?”

News, Blog, FEMA & Banking

August 19, 2023

RBI Permits ‘Infrastructure Debt Funds-NBFCs’ to Raise Funds Through Loan Route Under ECBs

Circular No. RBI/2023-24/54 DoR.SIG.FIN.REC.31/03.10.001/2023-24, Dated … Continue reading “RBI Permits ‘Infrastructure Debt Funds-NBFCs’ to Raise Funds Through Loan Route Under ECBs”