RBI Registration

The Reserve Bank recently clarified that NRIs (Non-Resident Indians) and OCIs (Overseas Citizens of India) don’t require prior RBI approval to buy or sel...

An individual's taxability is determined by his or her residence status. A resident taxpayer, for example, is required to pay tax on all of his income deri...

FEMA was introduced in India with a view to simplify import and export trade and to protect foreign exchange market. The Foreign Exchange Management Act re...

The Foreign Exchange Management Act was enacted by the Indian parliament, and it came into force in 2000. FEMA was introduced considering the new, liberal...

The RBI recently proposed to tighten Overseas Direct Investments and financial commitments by Indian businesses, and the regulator has proposed to liberali...

Compounding refers to settlement of the offence committed by the contravener by imposing monetary penalty instead of going to litigation. It is a voluntary...

Forex transactions refer to the sale and purchase of the foreign currencies. It is an agreement of exchanging the currency of a country for the currency of...

Foreign Direct Investments are usually made in open economies having skilled workforce and growth prospect. It doesn’t just bring in money but also techn...

In a bid to make the payments process fast and easy, the Reserve bank has introduced various measures. One of those measures is Prepaid Wallet or the Payme...

This is a question that has come up again and again, and with this has come some other relevant questions, too, like if NRIs can buy commercial property in...

Annual Performance Report is important annual compliance provided under the Foreign Exchange Management Act 1999. Not filing this report before the due dat...

FLA stands for Foreign Liabilities and Assets. FLA Return is a mandatory filing under Foreign Exchange Management Act 1999. Not filing this return before t...