FEMA & Banking

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”

Blog, News, 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”

News, Blog, 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.”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] A Deeper Dive into RBI’s Proposed Norms for Dealing with Wilful Defaulters

Table of Contents Applicability of … Continue reading “[Analysis] A Deeper Dive into RBI’s Proposed Norms for Dealing with Wilful Defaulters”

Blog, News, FEMA & Banking

September 22, 2023

Penalty u/s 13 of FEMA for Non-submission of Proof of Import Reduced as Co. was Regularly Making Substantial Imports | SAFEMA

Case Details: Akzo Nobel India … Continue reading “Penalty u/s 13 of FEMA for Non-submission of Proof of Import Reduced as Co. was Regularly Making Substantial Imports | SAFEMA”

Blog, News, FEMA & Banking

September 21, 2023

Complaint u/s 138 for Dishonoured Cheques Due to Alleged Non Receipt of Gold Can’t be Quashed as it Was a Matter of Trial | HC

Case Details: Vihan Exims Co. … Continue reading “Complaint u/s 138 for Dishonoured Cheques Due to Alleged Non Receipt of Gold Can’t be Quashed as it Was a Matter of Trial | HC”

Blog, News, FEMA & Banking

September 18, 2023

Petitioners Who Had Retired from Post of Directors Before the Issuance of Dishonoured Cheque Couldn’t be Held Liable u/s 138 of NI Act | HC

Case Details: Pankaj Saraf v. … Continue reading “Petitioners Who Had Retired from Post of Directors Before the Issuance of Dishonoured Cheque Couldn’t be Held Liable u/s 138 of NI Act | HC”

Blog, News, FEMA & Banking

September 15, 2023

Eligible Lending Institutions Must Refer to Guidelines Issued by the MSME Ministry for PM Vishwakarma Scheme | RBI

Circular No. RBI/2023-24/61 FIDD.CO.MSME.BC.No.10/06.02.031/2023-24, Dated: … Continue reading “Eligible Lending Institutions Must Refer to Guidelines Issued by the MSME Ministry for PM Vishwakarma Scheme | RBI”

Blog, News, FEMA & Banking

September 15, 2023

‘Mahalaxmi Cooperative Bank Ltd’ Ceases to be a Co-operative Bank | RBI

Notification No. DoR.MON.No. S2646/09.01.101/2023-24; Dated: … Continue reading “‘Mahalaxmi Cooperative Bank Ltd’ Ceases to be a Co-operative Bank | RBI”