FEMA & Banking

Blog, News, FEMA & Banking

May 11, 2023

RBI Mandates Rupee Fees on Forex/Store/Travel Cards

Circular No. RBI/2023-24/29 A.P. (DIR … Continue reading “RBI Mandates Rupee Fees on Forex/Store/Travel Cards”

Blog, News, FEMA & Banking

May 11, 2023

Govt. Brings Directors, Nominee Shareholders, Formation Agent of Companies/ LLPs under the Purview of PMLA

Notification No. S.O. 2135(E), Dated … Continue reading “Govt. Brings Directors, Nominee Shareholders, Formation Agent of Companies/ LLPs under the Purview of PMLA”

News, Blog, FEMA & Banking

May 10, 2023

MoF Revises the List of Designated Officers for Adjudication of Penalties under FEMA

Notification No. S.O. 2128(E), Dated … Continue reading “MoF Revises the List of Designated Officers for Adjudication of Penalties under FEMA”

Blog, News, FEMA & Banking

May 10, 2023

HC to Set Aside Plea against Wilful Defaulter Order by Committee

Case Details:  Ramesh Chandra Bardia … Continue reading “HC to Set Aside Plea against Wilful Defaulter Order by Committee”

Blog, News, FEMA & Banking

May 8, 2023

MoF Permits 22 Reporting Entities to Perform Authentication under the Aadhaar Act, 2016

Notification No. S.O. 2119(E); dated: … Continue reading “MoF Permits 22 Reporting Entities to Perform Authentication under the Aadhaar Act, 2016”

Blog, News, FEMA & Banking

May 8, 2023

RBI Updates KYC Instructions on Wire Transfer to Align with FATF Recommendation

Circular No. RBI/2023-24/25 DOR.AML.REC.13/14.01.001/2023-24; dated: … Continue reading “RBI Updates KYC Instructions on Wire Transfer to Align with FATF Recommendation”

Blog, News, FEMA & Banking

May 5, 2023

Practicing CA/CS/CMAs under the scanner with new PMLA amendment

1. Introduction Money laundering is … Continue reading “Practicing CA/CS/CMAs under the scanner with new PMLA amendment”

News, Blog, FEMA & Banking

May 5, 2023

RBI releases report on ‘Currency and Finance’ for the year 2022-23

Press Release: 2023-2024/172, Dated 03.05.2023 … Continue reading “RBI releases report on ‘Currency and Finance’ for the year 2022-23”

Blog, News, FEMA & Banking

May 6, 2023

IFSCA Mandates Rules for IFSC Insurance Offices’ Control and Conduct

Notification F. No. IFSCA/2022-23/GN/REG035, Dated: … Continue reading “IFSCA Mandates Rules for IFSC Insurance Offices’ Control and Conduct”

Blog, News, FEMA & Banking

May 6, 2023

Govt. Launches ‘Vivad se Vishwas Scheme’ for Providing Relief to MSMEs for the COVID-19 period

Press Release dated 02.05.2023 The … Continue reading “Govt. Launches ‘Vivad se Vishwas Scheme’ for Providing Relief to MSMEs for the COVID-19 period”