FEMA & Banking

News, Blog, FEMA & Banking

January 7, 2023

Recoveries under SARFAESI Act with respect to secured assets would prevail over recoveries under MSMED Act: SC

Case Details: Kotak Mahindra Bank … Continue reading “Recoveries under SARFAESI Act with respect to secured assets would prevail over recoveries under MSMED Act: SC”

Blog, News, FEMA & Banking

January 5, 2023

Forms submitted on FIRMS portal for reporting of foreign investment will be auto-acknowledged: RBI

RBI/2022-23/160 A.P. (DIR Series) Circular … Continue reading “Forms submitted on FIRMS portal for reporting of foreign investment will be auto-acknowledged: RBI”

Blog, News, FEMA & Banking

January 4, 2023

The Demonetization Verdict: Key things to know from the Supreme Court’s Ruling

The larger bench of five … Continue reading “The Demonetization Verdict: Key things to know from the Supreme Court’s Ruling”

Blog, FEMA & Banking

January 3, 2023

SC upholds Govt.’s Decision on Demonetisation of 500 & 1000 Rupee Notes

Table of contents Introduction Background … Continue reading “SC upholds Govt.’s Decision on Demonetisation of 500 & 1000 Rupee Notes”

Blog, News, FEMA & Banking

January 2, 2023

RBI hikes interest rate on floating rate savings bond (2020) from 7.15% to 7.35%

Press Release No. 2022-2023/1474, dated … Continue reading “RBI hikes interest rate on floating rate savings bond (2020) from 7.15% to 7.35%”

Blog, News, FEMA & Banking

January 2, 2023

Individuals can receive housing loans Up to Rs. 140 Lakh, under revised UCBs framework

Circular no. RBI/2022-23/159 DOR.CRE.REC.92/07.10.002/2022-23, dated … Continue reading “Individuals can receive housing loans Up to Rs. 140 Lakh, under revised UCBs framework”

Blog, News, FEMA & Banking

December 29, 2022

Jurisdiction to proceed u/s 8(4) of PMLA shall be established when order of attachment by AA is passed: HC

Case Details: Syed Akeel Shah … Continue reading “Jurisdiction to proceed u/s 8(4) of PMLA shall be established when order of attachment by AA is passed: HC”

News, Blog, FEMA & Banking

December 28, 2022

RBI migrates fraud reporting module to ‘DAKSH’ to streamline reporting & enhance efficiency

Notification No. RBI/2022-23/158 CO.DPSS.OVRST.No.S1619/06-08-005/2022-2023, Dated … Continue reading “RBI migrates fraud reporting module to ‘DAKSH’ to streamline reporting & enhance efficiency”

Blog, News, FEMA & Banking

December 26, 2022

Independent director, who is not a signatory shall not be liable for cheque bounce: Delhi HC

Case Details: Prakash Chand v. … Continue reading “Independent director, who is not a signatory shall not be liable for cheque bounce: Delhi HC”

Blog, News, FEMA & Banking

December 19, 2022

Govt. announces subscription dates for SGB Scheme 2022-23

Circular no. RBI/2022-23/156 IDMD.CDD.No.S2581/14.04.050/2022-23 dated … Continue reading “Govt. announces subscription dates for SGB Scheme 2022-23”