FEMA & Banking

News, Blog, FEMA & Banking

January 28, 2022

MoF nods to the merger of PMC bank with USFB with immediate effect

Notification No. G.S.R. 45(E), Dated: … Continue reading “MoF nods to the merger of PMC bank with USFB with immediate effect”

Blog, FEMA & Banking

January 28, 2022

Updated Instructions applicable to NBFC-ND-SI (Systemically Important Non-Deposit Non-Banking Financial Companies)

MASTER CIRCULAR DNBR(PD) CC.NO.055/03.10.119/2015-16, DATED … Continue reading “Updated Instructions applicable to NBFC-ND-SI (Systemically Important Non-Deposit Non-Banking Financial Companies)”

Blog, News, FEMA & Banking

January 20, 2022

Dishonour of a cheque issued as security against loan would attract offence u/s 138 of NI Act: SC

Case Details: Sripati Singh v. … Continue reading “Dishonour of a cheque issued as security against loan would attract offence u/s 138 of NI Act: SC”

Blog, News, FEMA & Banking

January 19, 2022

SC convicted the accused for cheque dishonouring as he raised his defence first time by cooking up a story before HC

Case Details: Triyambak S. Hegde … Continue reading “SC convicted the accused for cheque dishonouring as he raised his defence first time by cooking up a story before HC”

Blog, News, FEMA & Banking

January 19, 2022

IRDAI set norms for Indian Re-insurers by notifying Obligatory Cession for the financial year 2022-23

Notification no. F. No. IRDAI/RI/1/180/2022. … Continue reading “IRDAI set norms for Indian Re-insurers by notifying Obligatory Cession for the financial year 2022-23”

News, Blog, FEMA & Banking

January 19, 2022

RBI notifies norms for registration of companies proposing to do factoring business

Notification No. DOR.FIN.080/CGM(JPS) – 2022, … Continue reading “RBI notifies norms for registration of companies proposing to do factoring business”

Blog, News, FEMA & Banking

January 19, 2022

RBI prescribes the manner of filing of particulars of transactions by a TReDS on behalf of Factors

Notification no. No. DOR.FIN.081/CGM(JPS)–2022., Dated: … Continue reading “RBI prescribes the manner of filing of particulars of transactions by a TReDS on behalf of Factors”

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”

Blog, News, 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”