FEMA & Banking

News, Blog, FEMA & Banking

July 26, 2021

Auction purchaser was to be relieved from auction process as property was not free from encumbrance

Case details: Asset Reconstruction Company … Continue reading “Auction purchaser was to be relieved from auction process as property was not free from encumbrance”

Blog, News, FEMA & Banking

July 23, 2021

Petition could not seek implementation of ‘One Time Settlement Scheme’ on failing to pay 5% upfront amount: HC

Case Details: Rishika Cottons (P.) … Continue reading “Petition could not seek implementation of ‘One Time Settlement Scheme’ on failing to pay 5% upfront amount: HC”

Blog, News, FEMA & Banking

July 23, 2021

Govt. mandates e-filing of pleadings before DRT/DRAT if debt to be recovered is Rs. 100 crores or more

Notification No .G.S.R. 501 (E)., … Continue reading “Govt. mandates e-filing of pleadings before DRT/DRAT if debt to be recovered is Rs. 100 crores or more”

Blog, News, FEMA & Banking

July 20, 2021

HC convicts accused for dishonouring of cheque issued towards purchase of diesel fuel from complainant

Case deatils: Madhav Shankar Revankar … Continue reading “HC convicts accused for dishonouring of cheque issued towards purchase of diesel fuel from complainant”

News, Blog, FEMA & Banking

July 20, 2021

Offsprings of criminals cannot be allowed to enjoy fruits of their material sins under PMLA: Madras HC

Case details: Dhanalakshmi Sridhar v. … Continue reading “Offsprings of criminals cannot be allowed to enjoy fruits of their material sins under PMLA: Madras HC”

Blog, News, FEMA & Banking

July 15, 2021

Offence u/s 8 of Prevention of Corruption Act would be triable by Special Court u/s 33(1)(a) of PMLA: HC

Case details: Upendra Rai v. … Continue reading “Offence u/s 8 of Prevention of Corruption Act would be triable by Special Court u/s 33(1)(a) of PMLA: HC”

Blog, News, FEMA & Banking

July 15, 2021

Revised definition of MSMEs to include retail trade and wholesale trade for priority sector lending: RBI to banks

CIRCULAR NO. RBI/2021-2022/67 FIDD.MSME & … Continue reading “Revised definition of MSMEs to include retail trade and wholesale trade for priority sector lending: RBI to banks”

Blog, News, FEMA & Banking

July 15, 2021

Crypto Bill is ready to be presented in Monsoon Session: FM

Finance Minister Nirmala Sitharaman in … Continue reading “Crypto Bill is ready to be presented in Monsoon Session: FM”

Blog, News, FEMA & Banking

July 15, 2021

RBI directs banks to implement mandatory leaves policy for employees posted in sensitive positions/areas

Circular No. RBI/2021-22/70 DoR.ORG.REC.31/21.06.017/2021-22, Dated … Continue reading “RBI directs banks to implement mandatory leaves policy for employees posted in sensitive positions/areas”

Blog, News, FEMA & Banking

July 25, 2022

RBI Circular dated 6-4-2018 which directed banks and entities regulated by RBI to not to deal in Virtual Currencies (VC) or to provide banking services facilitating any person or entity dealing with or settling VCs, was quashed

Case details: Internet and Mobile Association … Continue reading “RBI Circular dated 6-4-2018 which directed banks and entities regulated by RBI to not to deal in Virtual Currencies (VC) or to provide banking services facilitating any person or entity dealing with or settling VCs, was quashed”