FEMA & Banking

Blog, News, FEMA & Banking

October 4, 2024

Trial Court Rightly Acquitted Accused in Section 138 Case as Complainant Failed to Prove Debt After Defense Was Raised

Case Details: Atul Pundhir v. … Continue reading “Trial Court Rightly Acquitted Accused in Section 138 Case as Complainant Failed to Prove Debt After Defense Was Raised”

Blog, News, FEMA & Banking

October 4, 2024

RBI’s Committee Proposes Extending MIBOR Calculation to First 3 Hours of Transactions for Better Market Representation

Press Release: 2024-2025/1202, Dated 01.10.2024 … Continue reading “RBI’s Committee Proposes Extending MIBOR Calculation to First 3 Hours of Transactions for Better Market Representation”

News, Blog, FEMA & Banking

October 4, 2024

RBI Updates FEMA Compounding Directions to Align with Newly Notified Compounding Rules

Master Directions No.17/2024-25, Dated 01-10-2024 … Continue reading “RBI Updates FEMA Compounding Directions to Align with Newly Notified Compounding Rules”

Blog, News, FEMA & Banking

September 30, 2024

HC Overturns Acquittal | Cheque Issued in 2015 Deemed Valid Acknowledgement of Debt Under Limitation Act

Case Details: Rajeev Kumar v. … Continue reading “HC Overturns Acquittal | Cheque Issued in 2015 Deemed Valid Acknowledgement of Debt Under Limitation Act”

Blog, News, FEMA & Banking

September 28, 2024

HC Cannot Act as Appellate Authority Under Article 226 Against ED’s Seizure Order | Defenses Must Be Tested by AA

Case Details: PC Financial Services … Continue reading “HC Cannot Act as Appellate Authority Under Article 226 Against ED’s Seizure Order | Defenses Must Be Tested by AA”

Blog, News, FEMA & Banking

September 28, 2024

Govt. Permits ‘HDB Financial Services Limited’ to Perform Aadhaar Authentication for Client Verification u/s 11A of PMLA

Notification No. S.O. 4240(E); Dated: … Continue reading “Govt. Permits ‘HDB Financial Services Limited’ to Perform Aadhaar Authentication for Client Verification u/s 11A of PMLA”

News, Blog, FEMA & Banking

September 27, 2024

[Opinion] Fraud Risk Management Obligations of NBFCs | Recent Changes Introduced by the RBI

Kinnari Sanghvi & Divyanshu Sharma … Continue reading “[Opinion] Fraud Risk Management Obligations of NBFCs | Recent Changes Introduced by the RBI”

Blog, News, FEMA & Banking

September 23, 2024

Interest Equalization Scheme Extended for MSME Exporters Till 30.09.24; Annual Subvention Capped at Rs. 10 Cr. per IEC | RBI

Circular No. RBI/2024-25/76 DOR.STR.REC.44/04.02.001/2024-25, Dated: … Continue reading “Interest Equalization Scheme Extended for MSME Exporters Till 30.09.24; Annual Subvention Capped at Rs. 10 Cr. per IEC | RBI”

Blog, News, FEMA & Banking

September 21, 2024

Property Attachment Under PMLA Upheld as Appellant Failed to Prove Property Was Not Proceeds of Crime

Case Details: Chanda Singh v. … Continue reading “Property Attachment Under PMLA Upheld as Appellant Failed to Prove Property Was Not Proceeds of Crime”

Blog, News, 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”