FEMA & Banking

Blog, News, 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”

Blog, News, 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”

News, Blog, 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”

Blog, News, FEMA & Banking

July 3, 2023

Govt. Reinstates Rule 7 to FEM (CAT) Rules, 2000 | Excludes ICC Usage Abroad from LRS Ambit

Notification No. G.S.R. 472(E); Dated: … Continue reading “Govt. Reinstates Rule 7 to FEM (CAT) Rules, 2000 | Excludes ICC Usage Abroad from LRS Ambit”

Blog, News, FEMA & Banking

June 30, 2023

Govt. Hits the Pause Button | Credit Card Transactions Abroad Excluded from LRS Coverage for Now!

Press Release dated 28.06.2023 Earlier, … Continue reading “Govt. Hits the Pause Button | Credit Card Transactions Abroad Excluded from LRS Coverage for Now!”