FEMA & Banking

Blog, News, FEMA & Banking

December 14, 2021

RBI mandates ‘Legal Entity Identifier’ for Rs. 50 crore plus cross-border deals

Circular No. RBI/2021-22/137 A.P. (DIR … Continue reading “RBI mandates ‘Legal Entity Identifier’ for Rs. 50 crore plus cross-border deals”

Blog, News, FEMA & Banking

December 14, 2021

RBI proposes to return to the normal dispensation under the ‘Marginal Standing Facility’ w.e.f Jan1, 2022.

Circular no. RBI/2021-22/138 DOR.RET.REC.73/12.01.001/2021-22 Dated: … Continue reading “RBI proposes to return to the normal dispensation under the ‘Marginal Standing Facility’ w.e.f Jan1, 2022.”

News, Blog, FEMA & Banking

December 13, 2021

Central Bank permits banks to infuse capital in overseas branches without its prior approval

Circular no. RBI/2021-22/136, Dated, 8-12-2021 … Continue reading “Central Bank permits banks to infuse capital in overseas branches without its prior approval”

Blog, News, FEMA & Banking

December 13, 2021

RBI permits interbank rate or alternative reference rate for External Commercial Borrowings & Trade Credits

Circular no. DOR.CAP.REC. No.72/21.06.201/2021-22, Dated: … Continue reading “RBI permits interbank rate or alternative reference rate for External Commercial Borrowings & Trade Credits”

Blog, News, FEMA & Banking

December 9, 2021

RBI keeps repo rate unchanged at 4.0%

Press release: Dated 08-12-2021 Based … Continue reading “RBI keeps repo rate unchanged at 4.0%”

Blog, News, FEMA & Banking

December 9, 2021

SC upholds constitutionality of RBI’s decision to ban ‘Merchanting Trade Transactions’ pertaining to PPE kits

Case Details: Akshay N Patel … Continue reading “SC upholds constitutionality of RBI’s decision to ban ‘Merchanting Trade Transactions’ pertaining to PPE kits”

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December 8, 2021

Complainant can’t pursue the original complaint u/s 138 of NI Act once settlement has been entered into by parties: SC

Case Details: Gimpex (P.) Ltd. … Continue reading “Complainant can’t pursue the original complaint u/s 138 of NI Act once settlement has been entered into by parties: SC”

News, Blog, FEMA & Banking

July 18, 2024

The borrower who neither paid debt nor replied to notice was to be estopped from challenging the violation of Section 13(3A), rules SC

Case Details: Arce Polymers (P.) … Continue reading “The borrower who neither paid debt nor replied to notice was to be estopped from challenging the violation of Section 13(3A), rules SC”

Blog, News, FEMA & Banking

December 2, 2021

RBI amends Credit Information Companies Regulations, 2006; expands the scope of specified users

Notification No. 52140/20.16.050/2021-22. Dated: 10.11.2021 … Continue reading “RBI amends Credit Information Companies Regulations, 2006; expands the scope of specified users”

Blog, News, FEMA & Banking

December 1, 2021

Dispute of cheque bounce by non-executive directors is a matter of trial, couldn’t be adjudicated by HC u/s 482 of CrPC: SC

Case Details: Ashutosh Ashok Parasrampuriya … Continue reading “Dispute of cheque bounce by non-executive directors is a matter of trial, couldn’t be adjudicated by HC u/s 482 of CrPC: SC”