FEMA & Banking

Blog, News, FEMA & Banking

November 15, 2021

RBI integrates three Ombudsman schemes into the Reserve Bank Integrated Ombudsman Scheme, 2021

NOTIFICATION NO.S873/13.01.001/2021-22, Dated 12.11.2021 With … Continue reading “RBI integrates three Ombudsman schemes into the Reserve Bank Integrated Ombudsman Scheme, 2021”

Blog, News, FEMA & Banking

December 14, 2022

Wilful breach of undertaking given to Court would tantamount to Contempt of Court: Apex Court

Case Details: Suman Chadha v. … Continue reading “Wilful breach of undertaking given to Court would tantamount to Contempt of Court: Apex Court”

Blog, News, FEMA & Banking

October 23, 2021

FPIs are allowed to invest in debt instruments issued by REITs and InvITs on repatriation basis: RBI

Notification No. FEMA.396(1)/2021-RB, Dated: 13.10.2021 … Continue reading “FPIs are allowed to invest in debt instruments issued by REITs and InvITs on repatriation basis: RBI”

Blog, News, FEMA & Banking

October 22, 2021

Declaration of wilful defaulter was set aside as review committee just endorsed a view of Identification Committee

Case Details: Senthil Arumugasamy v. … Continue reading “Declaration of wilful defaulter was set aside as review committee just endorsed a view of Identification Committee”

Blog, News, FEMA & Banking

October 20, 2021

SCN issued to a respondent under FEMA after 10 years of committing an offence under FERA was rightly quashed: HC

Case details: Union of India … Continue reading “SCN issued to a respondent under FEMA after 10 years of committing an offence under FERA was rightly quashed: HC”

Blog, News, FEMA & Banking

October 13, 2021

RBI keeps Repo rate unchanged at 4% and reverse repo rate at 3.5%

News, Dated 08.10.2021 On the … Continue reading “RBI keeps Repo rate unchanged at 4% and reverse repo rate at 3.5%”

News, Blog, FEMA & Banking

October 8, 2021

RBI includes ‘Paytm Payments Bank Limited’ in the Second Schedule of the RBI Act, 1934

CIRCULAR NO. RBI/2021-22/109, Dated 07.10.2021 … Continue reading “RBI includes ‘Paytm Payments Bank Limited’ in the Second Schedule of the RBI Act, 1934”

Blog, News, FEMA & Banking

October 7, 2021

Magistrate’s Order taking cognizance of offence couldn’t be quashed on ground of payment of insufficient Court fees

Case Details: Sree Metaliks Ltd. … Continue reading “Magistrate’s Order taking cognizance of offence couldn’t be quashed on ground of payment of insufficient Court fees”

Blog, News, FEMA & Banking

October 6, 2021

PMLA does not exclude other agencies from conducting investigations into offences mentioned in schedule of PMLA: HC

Case Details: Dr. Vijay Kumar … Continue reading “PMLA does not exclude other agencies from conducting investigations into offences mentioned in schedule of PMLA: HC”

Blog, News, FEMA & Banking

October 6, 2021

The Inglorious Fall of LIBOR

[2021] 131 taxmann.com 19 (Article) … Continue reading “The Inglorious Fall of LIBOR”