FEMA & Banking

Blog, News, FEMA & Banking

December 1, 2022

Govt. notifies ‘Real Estate Agents’ defined under RERA as a ‘person carrying on designated business’ under PMLA

Notification No. G.S.R. 855(E)., Dated … Continue reading “Govt. notifies ‘Real Estate Agents’ defined under RERA as a ‘person carrying on designated business’ under PMLA”

Blog, News, FEMA & Banking

November 30, 2022

Delhi HC grants bail to Yes Bank founder Rana Kapoor in Rs. 66.51 crores money laundering case

Case Details: Rana Kapoor v. … Continue reading “Delhi HC grants bail to Yes Bank founder Rana Kapoor in Rs. 66.51 crores money laundering case”

Blog, News, FEMA & Banking

November 30, 2022

RBI announces the launch of the first pilot for retail digital Rupee currency

Press Release: 2022-2023/1275, Dated 29.11.2022 … Continue reading “RBI announces the launch of the first pilot for retail digital Rupee currency”

Blog, News, FEMA & Banking

November 26, 2022

SGB 2017-18 Series IX can be redeemed prematurely at Rs. 5255/- per unit: RBI

Press Release: 2022-2023/1251, Dated 24.11.2022 … Continue reading “SGB 2017-18 Series IX can be redeemed prematurely at Rs. 5255/- per unit: RBI”

Blog, News, FEMA & Banking

November 25, 2022

Overnight balances held with RBI under SDF shall be eligible as ‘Level 1 High Quality Liquid Assets’ for computation of LCR

Circular No. RBI/2022-23/141 DOR.LRG.REC.83/03.10.001/2022-23, Dated … Continue reading “Overnight balances held with RBI under SDF shall be eligible as ‘Level 1 High Quality Liquid Assets’ for computation of LCR”

Blog, News, FEMA & Banking

November 21, 2022

Director of a company can’t be prosecuted vicariously for cheque bounce if company is not arraigned as accused: SC

Case Details: Pawan Kumar Goel … Continue reading “Director of a company can’t be prosecuted vicariously for cheque bounce if company is not arraigned as accused: SC”

News, Blog, FEMA & Banking

November 18, 2022

Moratorium u/s 14 of IBC isn’t an embargo on the attachment of tainted property of Corporate Debtor u/s 5 & 8 of PMLA: HC

Case Details: Rajiv Chakraborty Resolution … Continue reading “Moratorium u/s 14 of IBC isn’t an embargo on the attachment of tainted property of Corporate Debtor u/s 5 & 8 of PMLA: HC”

Blog, News, FEMA & Banking

November 15, 2022

[Opinion] Between the Scheduled Offense and Money Laundering – A Line Drawn in Chalk

The Supreme Court has clarified … Continue reading “[Opinion] Between the Scheduled Offense and Money Laundering – A Line Drawn in Chalk”

Blog, News, FEMA & Banking

November 9, 2022

HC can’t invoke writ jurisdiction to extend the time period under the OTS scheme: SC

Case Details: State Bank of … Continue reading “HC can’t invoke writ jurisdiction to extend the time period under the OTS scheme: SC”

Blog, News, FEMA & Banking

November 8, 2022

Non-disclosure of order passed by the Division bench while obtaining assistance of DM is undoubtedly a serious matter: HC

Case Details: Tapasi Routh nee … Continue reading “Non-disclosure of order passed by the Division bench while obtaining assistance of DM is undoubtedly a serious matter: HC”