FEMA & Banking

News, Blog, FEMA & Banking

September 20, 2024

Appellant Arrested for Laundering Crime Proceeds Granted Bail as Inquiry Documents Were Voluminous and Trial Might Take Time | HC

Case Details: Sukanya Mondal v. … Continue reading “Appellant Arrested for Laundering Crime Proceeds Granted Bail as Inquiry Documents Were Voluminous and Trial Might Take Time | HC”

Blog, News, FEMA & Banking

September 18, 2024

HC Denies Bail to a PMLA Accused for Projecting Crime Proceeds as Untainted and Making Huge Cash Deposits

Case Details: Satheesh Kumar P. … Continue reading “HC Denies Bail to a PMLA Accused for Projecting Crime Proceeds as Untainted and Making Huge Cash Deposits”

Blog, News, FEMA & Banking

September 18, 2024

Union Finance Minister Smt. Nirmala Sitharaman to Launch NPS Vatsalya Scheme for Minors w.e.f. September 18, 2024

Press Release Dated: 16.09.2024 As … Continue reading “Union Finance Minister Smt. Nirmala Sitharaman to Launch NPS Vatsalya Scheme for Minors w.e.f. September 18, 2024”

News, Blog, FEMA & Banking

September 17, 2024

SAFEMA Reduces Penalty on Appellant for Alleged FERA Contraventions Considering 22-Year Delay and Peculiarity of Case

Case Details: Maulik Dave v. … Continue reading “SAFEMA Reduces Penalty on Appellant for Alleged FERA Contraventions Considering 22-Year Delay and Peculiarity of Case”

Blog, News, FEMA & Banking

September 16, 2024

Govt. Notifies New Rules for Compounding Under FEMA | Specifies List of Non-Compoundable Offences, Expands Pecuniary Limits

Notification G.S.R. 566 (E), Dated: … Continue reading “Govt. Notifies New Rules for Compounding Under FEMA | Specifies List of Non-Compoundable Offences, Expands Pecuniary Limits”

Blog, News, FEMA & Banking

September 12, 2024

Writ Petition Challenging NPA Status Dismissed as Petitioner Breached Sanction Letter by Diverting Sale Proceeds

Case Details: Sharma Enterprises v. … Continue reading “Writ Petition Challenging NPA Status Dismissed as Petitioner Breached Sanction Letter by Diverting Sale Proceeds”

Blog, News, FEMA & Banking

September 12, 2024

RBI Imposes Monetary Penalty on ‘HDFC Bank Limited’ and ‘Axis Bank Limited’ for Non-compliance with RBI Directives

Press Release No. 2024-2025/1075; Dated: … Continue reading “RBI Imposes Monetary Penalty on ‘HDFC Bank Limited’ and ‘Axis Bank Limited’ for Non-compliance with RBI Directives”

News, Blog, FEMA & Banking

September 11, 2024

Writ Against ED’s Seizure of Property Over Bogus Imports Dismissed Due to Factual Disputes; Unfit for Article 226 Review | HC

Case Details: PC Financial Services … Continue reading “Writ Against ED’s Seizure of Property Over Bogus Imports Dismissed Due to Factual Disputes; Unfit for Article 226 Review | HC”

Blog, FEMA & Banking

September 8, 2024

[Analysis] Supreme Court Ruling on Section 45(1) PMLA – Landmark Decision on Bail Provisions for Women

The discourse on the interpretation … Continue reading “[Analysis] Supreme Court Ruling on Section 45(1) PMLA – Landmark Decision on Bail Provisions for Women”

Blog, News, FEMA & Banking

September 3, 2024

SAFEMA Affirms FERA Penalty for Unauthorized Payments as Lack of Final Hearing Doesn’t Breach Natural Justice

Case Details: Nand Lal Sarawogi … Continue reading “SAFEMA Affirms FERA Penalty for Unauthorized Payments as Lack of Final Hearing Doesn’t Breach Natural Justice”