FEMA & Banking

Blog, News, FEMA & Banking

July 13, 2023

IFSCA’s Game-Changing Amendment | Unlocking New Possibilities for IFSC Banking Companies in IFSC

Introduction The IFSCA vide notification … Continue reading “IFSCA’s Game-Changing Amendment | Unlocking New Possibilities for IFSC Banking Companies in IFSC”

Blog, News, FEMA & Banking

July 12, 2023

IFSCA Allows IFSC Banking Companies to Set up Banking Units in IFSC in Addition to IFSC Banking Units

Notification No. IFSCA/2023-24/GN/REG041., Dated: 06.07.2023 … Continue reading “IFSCA Allows IFSC Banking Companies to Set up Banking Units in IFSC in Addition to IFSC Banking Units”

News, Blog, FEMA & Banking

July 11, 2023

Govt. Includes ‘Goods and Services Tax Network’ under PMLA to Enable Sharing of Data with ED

Notification No. G.S.R. 491(E)., Dated … Continue reading “Govt. Includes ‘Goods and Services Tax Network’ under PMLA to Enable Sharing of Data with ED”

Blog, News, FEMA & Banking

July 11, 2023

Govt. Appoints Shri K. Rajaraman, IAS as a Chairperson of the IFSCA

Notification No. S.O. 2993(E), Dated: … Continue reading “Govt. Appoints Shri K. Rajaraman, IAS as a Chairperson of the IFSCA”

Blog, News, FEMA & Banking

July 7, 2023

Govt. Prescribes Procedure for Import/Export/Procurement/Supply of Ship to DTA by an IFSC Unit

Notification G.S.R. 481(E); Dated: 04.07.2023 … Continue reading “Govt. Prescribes Procedure for Import/Export/Procurement/Supply of Ship to DTA by an IFSC Unit”

News, Blog, FEMA & Banking

July 7, 2023

RBI Requires Credit Card Issuers to Provide an Option to Customers to Choose One Among Multiple Cards

Press Release: 2023-2024/543, Dated: 05.07.2023 … Continue reading “RBI Requires Credit Card Issuers to Provide an Option to Customers to Choose One Among Multiple Cards”

Blog, News, FEMA & Banking

July 7, 2023

RBI Issues Report of the ‘Inter-Departmental Group (IDG)’ on Internationalization of INR

Press Release: 2023-2024/539, Dated: 05.07.2023 … Continue reading “RBI Issues Report of the ‘Inter-Departmental Group (IDG)’ on Internationalization of INR”

Blog, News, FEMA & Banking

July 6, 2023

IFSCA Introduces Definition of ‘Distributor’ in IFSCA (Capital Market Intermediaries) Regulations, 2021

Notification No. IFSCA/2023-24/GN/REG040, Dated 03.07.2023 … Continue reading “IFSCA Introduces Definition of ‘Distributor’ in IFSCA (Capital Market Intermediaries) Regulations, 2021”

Blog, News, FEMA & Banking

July 5, 2023

76% of Rs 2000 Banknotes in Circulation have been Returned Since May 19, 2023: RBI

Press Release: 2023-2024/522, Dated: 03.07.2023 … Continue reading “76% of Rs 2000 Banknotes in Circulation have been Returned Since May 19, 2023: RBI”

Blog, News, FEMA & Banking

July 4, 2023

SC Vacates Status-quo on FIR, Releases Respondent on Bail as Flight Risk was Addressed by Surrendering Passport

Case Details: Directorate of Enforcement … Continue reading “SC Vacates Status-quo on FIR, Releases Respondent on Bail as Flight Risk was Addressed by Surrendering Passport”