FEMA & Banking

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”

News, Blog, 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%”

Blog, News, 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”

Blog, News, FEMA & Banking

October 4, 2021

Ministry of Home Affairs extends the validity of registration certificates issued under FCRA by Dec 31, 2021

Public Notice No. No.II/21022/23(22)/2020-FCRA-III, Dated … Continue reading “Ministry of Home Affairs extends the validity of registration certificates issued under FCRA by Dec 31, 2021”

Blog, News, FEMA & Banking

September 23, 2021

Taming An Unruly Horse By Wielding The ‘Uncelebrated’ Section 17 of The Securitization Act

[2021] 130 taxmann.com 303 (Article) … Continue reading “Taming An Unruly Horse By Wielding The ‘Uncelebrated’ Section 17 of The Securitization Act”

News, Blog, FEMA & Banking

September 22, 2021

Petitioner aggrieved by notices issued by bank u/s 13(2) and 13(4) can appeal against such notices u/s 17 before DRT

Case details: Shyam Radios Railway … Continue reading “Petitioner aggrieved by notices issued by bank u/s 13(2) and 13(4) can appeal against such notices u/s 17 before DRT”

News, FEMA & Banking

September 20, 2021

Borrower to approach DRT/DRAT and not Civil Court If he has any grievance against measures taken by a lender: HC

Case details: Rudra Bhattacharya v. … Continue reading “Borrower to approach DRT/DRAT and not Civil Court If he has any grievance against measures taken by a lender: HC”