FEMA & Banking

Blog, News, FEMA & Banking

August 31, 2024

IFSCA Amends Meeting Regulations | Permits Chairperson to Invite Advisory Personnel to Authority Meetings

Notification No. IFSCA/GN/2024/007.; Dated: 20.08.2024 … Continue reading “IFSCA Amends Meeting Regulations | Permits Chairperson to Invite Advisory Personnel to Authority Meetings”

Blog, News, FEMA & Banking

August 31, 2024

IFSCA Notifies Regulations for IPOs, Debt Securities, and Secondary Listings in IFSC Exchanges

Notification No. IFSCA/GN/2024/006.; Dated: 20.08.2024 … Continue reading “IFSCA Notifies Regulations for IPOs, Debt Securities, and Secondary Listings in IFSC Exchanges”

News, Blog, FEMA & Banking

August 30, 2024

SAFEMA Overturned Penalty on Appellant for UK Property Purchase as ED Fails to Prove Unauthorized Fund Transfer

Case Details: Ahmed Suleman Hajiji … Continue reading “SAFEMA Overturned Penalty on Appellant for UK Property Purchase as ED Fails to Prove Unauthorized Fund Transfer”

Blog, News, FEMA & Banking

August 30, 2024

RBI Recognises ‘Fintech Association for Consumer Empowerment’ as a Self-Regulatory Organisation in Fintech Sector

Press Release No. 2024-2025/989; Dated: … Continue reading “RBI Recognises ‘Fintech Association for Consumer Empowerment’ as a Self-Regulatory Organisation in Fintech Sector”

Blog, News, FEMA & Banking

August 29, 2024

SAFEMA Upheld Seizure of Asset as Appellant Failed to Prove Closure or Source of Foreign Account Holding

Case Details: Pradip Burman v. … Continue reading “SAFEMA Upheld Seizure of Asset as Appellant Failed to Prove Closure or Source of Foreign Account Holding”

Blog, News, FEMA & Banking

August 27, 2024

HC Grants Bail to Appellant as There Were No Evidences Available Connecting Appellant to Terrorist Acts at Its Rented Premises

Case Details: Jalaluddin Khan v. … Continue reading “HC Grants Bail to Appellant as There Were No Evidences Available Connecting Appellant to Terrorist Acts at Its Rented Premises”

News, Blog, FEMA & Banking

August 23, 2024

Section 64(2) FERA Charge Applies to Any Contravention in India, Covering Both Indian and Foreign Nationals | SAFEMA

Case Details: Alliance Leicestar Plc … Continue reading “Section 64(2) FERA Charge Applies to Any Contravention in India, Covering Both Indian and Foreign Nationals | SAFEMA”

Blog, News, FEMA & Banking

August 21, 2024

RBI Releases Framework for ‘Recognition of Self-Regulatory Organisations in Financial Markets’

Press Release No. 2024-2025/926, Dated: … Continue reading “RBI Releases Framework for ‘Recognition of Self-Regulatory Organisations in Financial Markets’”

Blog, News, FEMA & Banking

August 17, 2024

HC Mandates Exhaustion of Statutory Remedies Under PMLA Before Invoking Article 226 Relief

Case Details: Nium India (P.) … Continue reading “HC Mandates Exhaustion of Statutory Remedies Under PMLA Before Invoking Article 226 Relief”

Blog, News, FEMA & Banking

August 14, 2024

RBI Sets 75% Risk Weight for Standard Real Estate Loans by Housing Finance Companies

Circular No. RBI/2024-25/62 DOR.CRE.REC.33/08.12.001/2024-25; Dated: … Continue reading “RBI Sets 75% Risk Weight for Standard Real Estate Loans by Housing Finance Companies”