FEMA & Banking

News, Blog, FEMA & Banking

January 22, 2025

RBI Directs Banks to Use Only ‘1600xx’ Phone Numbering Series for Transactional Purposes to Prevent Financial Fraud

Circular no. RBI/2024-25/105 CEPD.CO.OBD.No.S1270/50-01-001/2024-25; Dated: … Continue reading “RBI Directs Banks to Use Only ‘1600xx’ Phone Numbering Series for Transactional Purposes to Prevent Financial Fraud”

Blog, News, FEMA & Banking

January 19, 2025

RBI Announces Steps to Encourage the Use of Indian Rupee and Local Currencies for Settlement of Cross-Border Transactions

Press Release no. 2024-2025/1940; Dated: … Continue reading “RBI Announces Steps to Encourage the Use of Indian Rupee and Local Currencies for Settlement of Cross-Border Transactions”

Blog, News, FEMA & Banking

January 19, 2025

RBI Updates Master Directions on Foreign Investment, Export of Goods & Services, and Deposits Under FEMA Regulations

FED Master Direction No. 14/2015-16, … Continue reading “RBI Updates Master Directions on Foreign Investment, Export of Goods & Services, and Deposits Under FEMA Regulations”

Blog, News, FEMA & Banking

January 19, 2025

RBI Updates Mode of Payment for Equity Deals by PROIs, Allowing Inward Remittance via Repatriable Currency/Rupee Account

Notification No. FEMA 395(3)/2025-RB; Dated: … Continue reading “RBI Updates Mode of Payment for Equity Deals by PROIs, Allowing Inward Remittance via Repatriable Currency/Rupee Account”

Blog, News, FEMA & Banking

January 19, 2025

RBI Permits PROIs with Business Interests in India to Open SNRR Accounts Through an Authorized Dealer Branch Abroad

Notification No. FEMA 5(R)(5)/2025-RB; Dated: … Continue reading “RBI Permits PROIs with Business Interests in India to Open SNRR Accounts Through an Authorized Dealer Branch Abroad”

Blog, News, FEMA & Banking

January 19, 2025

RBI Allows Indian Exporters to Maintain Foreign Currency Account with Bank Outside India

Notification No. FEMA 10(R)(5)/2025-RB; Dated: … Continue reading “RBI Allows Indian Exporters to Maintain Foreign Currency Account with Bank Outside India”

Blog, News, FEMA & Banking

January 17, 2025

Acquittal Based on Denial Alone Was Set Aside as Admission of Signature Triggers Presumption u/s 139 of NI Act

Case Details: Amit Jain v. … Continue reading “Acquittal Based on Denial Alone Was Set Aside as Admission of Signature Triggers Presumption u/s 139 of NI Act”

Blog, FEMA & Banking

January 16, 2025

Comprehensive Guide to Overseas Direct Investment (ODI) – Key Statistics | Regulations | Insights

Overseas Direct Investment (ODI) in … Continue reading “Comprehensive Guide to Overseas Direct Investment (ODI) – Key Statistics | Regulations | Insights”

Blog, News, FEMA & Banking

January 14, 2025

IRDAI Notifies IRDAI (Regulatory Sandbox) Regulations, 2025 to Promote Innovation in the Insurance Sector

Notification no. F. No. IRDAI/Reg/5/212/2025; … Continue reading “IRDAI Notifies IRDAI (Regulatory Sandbox) Regulations, 2025 to Promote Innovation in the Insurance Sector”

Blog, News, FEMA & Banking

January 14, 2025

IRDAI Introduces Amendment to Re-Insurance Advisory Committee Regulations | Notifies New Norms for Removal of Members

Notification F. No. IRDAI/Reg/3/210/2025, Dated: … Continue reading “IRDAI Introduces Amendment to Re-Insurance Advisory Committee Regulations | Notifies New Norms for Removal of Members”