FEMA & Banking

Blog, News, FEMA & Banking

January 15, 2022

Overseas Investment and the Externalization

[2022] 134 taxmann.com 125 (Article) … Continue reading “Overseas Investment and the Externalization”

Blog, News, FEMA & Banking

January 12, 2022

IFSCA specifies ‘ship lease’ as a financial product – Notification no. F. No. IFSCA/2021-22/GN/021. Dated: 07.01.2022

Notification no. F. No. IFSCA/2021-22/GN/021. … Continue reading “IFSCA specifies ‘ship lease’ as a financial product – Notification no. F. No. IFSCA/2021-22/GN/021. Dated: 07.01.2022”

News, Blog, FEMA & Banking

January 11, 2022

Borrowers cannot pray to Court to grant One Time Settlement Scheme as a matter of right, rules SC

Case Details: Bijnor Urban Cooperative … Continue reading “Borrowers cannot pray to Court to grant One Time Settlement Scheme as a matter of right, rules SC”

Blog, News, FEMA & Banking

January 10, 2022

RBI hikes threshold for deposits made by non-financial small businesses by 50% to Rs 7.5 cr for maintenance of LCR

Circular no. RBI/2021-22/151 DOR.No.PRD.LRG.79/21.04.098/2021-22, Dated: … Continue reading “RBI hikes threshold for deposits made by non-financial small businesses by 50% to Rs 7.5 cr for maintenance of LCR”

Blog, News, FEMA & Banking

January 7, 2022

NRIs/OCIs don’t require RBI’s prior approval to acquire/transfer immovable property in India, clarifies RBI

Press Release: 2021-2022/1439. Dated: 29.12.2021 … Continue reading “NRIs/OCIs don’t require RBI’s prior approval to acquire/transfer immovable property in India, clarifies RBI”

Blog, News, FEMA & Banking

January 7, 2022

RBI prescribes eligibility criteria for the categorization of entities as a ‘Specified User’ under CIC regulations

Press Release: 2021-2022/1500, Dated: 05.01.2022 … Continue reading “RBI prescribes eligibility criteria for the categorization of entities as a ‘Specified User’ under CIC regulations”

News, Blog, FEMA & Banking

January 7, 2022

IFSCA adds CMAs as certifying professionals to issue net-worth compliance certificates to insurance intermediaries

NOTIFICATION No. IFSCA/2021-22/GN/REG020, Dated 04-01-2022 … Continue reading “IFSCA adds CMAs as certifying professionals to issue net-worth compliance certificates to insurance intermediaries”

Blog, News, FEMA & Banking

January 6, 2022

RBI notifies market-making scheme to promote liquidity and retail participation in G-secs

Circular No. RBI/2021-22/147 IDMD.PDRD.No.S1617/03.64.023/2021-22 04-01-2022 … Continue reading “RBI notifies market-making scheme to promote liquidity and retail participation in G-secs”

Blog, News, FEMA & Banking

January 6, 2022

Govt. permits ‘PNB Housing Finance Limited’ – reporting entity to perform Aadhaar Authentication services

NOTIFICATION No, S.O. 37(E)., Dated … Continue reading “Govt. permits ‘PNB Housing Finance Limited’ – reporting entity to perform Aadhaar Authentication services”

Blog, News, FEMA & Banking

January 6, 2022

Govt. exempts FPIs from reporting of client’s KYC records with Central KYC registry under money laundering norms

NOTIFICATION No. G.S.R. 5(E)., Dated … Continue reading “Govt. exempts FPIs from reporting of client’s KYC records with Central KYC registry under money laundering norms”