FEMA & Banking

Blog, News, FEMA & Banking

March 18, 2022

Govt. reviews the FDI policy | Permits FDI in LIC IPO to attract foreign investments

1. Introduction The Government has … Continue reading “Govt. reviews the FDI policy | Permits FDI in LIC IPO to attract foreign investments”

Blog, News, FEMA & Banking

March 14, 2022

Bail in Prevention of Money Laundering Act (PMLA) Cases

Case Details: Gautam Thapar v. … Continue reading “Bail in Prevention of Money Laundering Act (PMLA) Cases”

News, Blog, FEMA & Banking

March 14, 2022

RBI takes action against Paytm Bank Ltd. u/s 35A of the Banking Regulations Act, 1980

Press Release: 2021-2022/1850, Dated 11-03-2022 … Continue reading “RBI takes action against Paytm Bank Ltd. u/s 35A of the Banking Regulations Act, 1980”

Blog, News, FEMA & Banking

March 11, 2022

Fallacy of Trial Court in not impleading Company u/s 138 & 141 of the NI Act, 1881: Addressing practical considerations & takeaways

[2022] 136 taxmann.com 125 (Article) … Continue reading “Fallacy of Trial Court in not impleading Company u/s 138 & 141 of the NI Act, 1881: Addressing practical considerations & takeaways”

Blog, News, FEMA & Banking

March 10, 2022

RBI cautions public about commitments by third-party for early redressal of grievances on payment of fees

Press Release: 2021-2022/1836, Dated: 09.03.2022 … Continue reading “RBI cautions public about commitments by third-party for early redressal of grievances on payment of fees”

Blog, News, FEMA & Banking

December 26, 2024

RBI launches UPI for making Payments without Internet

Press Release 2021-2022/1830, Dated, 08-03-2022 … Continue reading “RBI launches UPI for making Payments without Internet”

Blog, News, FEMA & Banking

May 5, 2022

Order of ED and AA to freeze bank accounts of a petitioner under PMLA was set aside as due procedure wasn’t followed: HC

Case Details: JK Tyre and … Continue reading “Order of ED and AA to freeze bank accounts of a petitioner under PMLA was set aside as due procedure wasn’t followed: HC”

Blog, News, FEMA & Banking

March 7, 2022

Investment made in Umbrella Organization by Urban Co-operative Banks not to be counted in non-SLR investment limit

Circular no. RBI/2021-22/177 DOR.REC.MRG.90/16.20.000/2021-22, Dated: … Continue reading “Investment made in Umbrella Organization by Urban Co-operative Banks not to be counted in non-SLR investment limit”

News, Blog, FEMA & Banking

March 5, 2022

Prima facie satisfaction of AA in proceedings doesn’t hinder prosecuting a money launderer

Case Details: Dhayanidhi Alagiri v. … Continue reading “Prima facie satisfaction of AA in proceedings doesn’t hinder prosecuting a money launderer”

Blog, News, FEMA & Banking

February 26, 2022

Govt. fixed the date for closure of residual transactions of banks for March 2022: RBI

Circular No. RBI/2021-22/176 CO.DGBA.GBD.No.S1422/42-01-029/2021-2022, Dated: … Continue reading “Govt. fixed the date for closure of residual transactions of banks for March 2022: RBI”