FEMA & Banking

Blog, News, FEMA & Banking

July 15, 2022

Recovery Suit was rightly dismissed as appellant couldn’t produce evidence to prove transaction of loan

Case Details: [2022] 140 taxmann.com … Continue reading “Recovery Suit was rightly dismissed as appellant couldn’t produce evidence to prove transaction of loan”

Blog, News, FEMA & Banking

July 14, 2022

HC rightly rejected the plea for quashing of criminal proceedings u/s 138 of NI Act: SC

Case Details: Rathish Babu Unnikrishnan … Continue reading “HC rightly rejected the plea for quashing of criminal proceedings u/s 138 of NI Act: SC”

Blog, News, FEMA & Banking

July 13, 2022

RBI allows international trade settlement in Indian Rupees

RBI/2022-2023/90 A.P. (DIR SERIES) CIRCULAR … Continue reading “RBI allows international trade settlement in Indian Rupees”

News, Blog, FEMA & Banking

July 13, 2022

RBI grants in-principal approval to Razorpay to operate as a payment aggregator

The Reserve Bank of India … Continue reading “RBI grants in-principal approval to Razorpay to operate as a payment aggregator”

Blog, News, FEMA & Banking

July 12, 2022

RBI permits banks to settle Sri Lankan trade in currency outside the ACU mechanism

A.P. (DIR Series) Circular No. … Continue reading “RBI permits banks to settle Sri Lankan trade in currency outside the ACU mechanism”

Blog, News, FEMA & Banking

July 11, 2022

AD Category-I banks can utilise funds raised from overseas FCB: RBI

Circular no. RBI/2022-23/88 A. P. … Continue reading “AD Category-I banks can utilise funds raised from overseas FCB: RBI”

Blog, News, FEMA & Banking

July 11, 2022

RBI designates two additional specified securities eligible for investment by NRs under ‘Fully Accessible Route’

Circular No. RBI/2022-23/86 FMRD.FMID.No.04/14.01.006/2022-23, Dated: … Continue reading “RBI designates two additional specified securities eligible for investment by NRs under ‘Fully Accessible Route’”

News, Blog, FEMA & Banking

July 11, 2022

RBI designates Lead Banks to 13 new districts in the State of Andhra Pradesh

Circular no. RBI/2022-23/85 FIDD.CO.LBS.BC. No.8/02.08.001/2022-23, … Continue reading “RBI designates Lead Banks to 13 new districts in the State of Andhra Pradesh”

Blog, News, FEMA & Banking

July 11, 2022

Investments by FPIs in G-Sec shall be exempted from limit on short-term investments

Circular no. A.P. (DIR Series) … Continue reading “Investments by FPIs in G-Sec shall be exempted from limit on short-term investments”

Blog, News, FEMA & Banking

July 8, 2022

RBI announces numerous measures to enhance forex inflows

Press Release Dated – 06.07.2022 … Continue reading “RBI announces numerous measures to enhance forex inflows”