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FEMA Foreign Exchange Management

A Detailed Review of Foreign Exchange Management Act 19...

A Detailed Review of Foreign Exchange Management Act 1999

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...

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RBI Notification

Internal Ombudsman Scheme mandated for NBFCs

Internal Ombudsman Scheme mandated for NBFCs

The RBI recently announced the introduction of Internal Ombudsman Scheme for certain categories of NBFCs. The RBI said that it has planned to introduce the...

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RBI Notification

RBI Announces Offline Retail Digital Payments

RBI Announces Offline Retail Digital Payments

The Reserve Bank made an announcement recently on a nationwide framework for implementation of offline retail digital payments. Offline digital payments ma...

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News

Supreme Court’s stance on Freezing of Bank Accounts u...

Supreme Court’s stance on Freezing of Bank Accounts under PMLA 2002

The Supreme Court recently allowed an appeal filed by OPTO Circuit India Ltd. that challenges an order of the Karnataka High Court. Additionally, the Supre...

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RBI Notification

RBI changes Rules for Loan Transfer for Banks, NBFCs...

RBI changes Rules for Loan Transfer for Banks, NBFCs

The Reserve Bank issued master direction on transfer of loan on September 24, 2021. The new mandate necessitates the requirement for banks and other lendin...

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News

Delhi District Court entitles accused legal consultatio...

Delhi District Court entitles accused legal consultation of 20 minutes everyday while the custody of ED under PMLA

Accused under the PMLA are entitled to 20 minutes of legal consultation each day while in the custody of the ED, as stated by the Delhi Court. The Rouse Av...

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RBI Notification

RBI allows NBFCs, PSOs to apply for Aadhaar e-KYC Authe...

RBI allows NBFCs, PSOs to apply for Aadhaar e-KYC Authentication License

The RBI notified recently that it has invited applications from NBFCs, payment system providers and payment system participants seeking to obtain Aadhaar e...

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FEMA RBI Notification

RBI Proposes Rules on Overseas Direct Investment

RBI Proposes Rules on Overseas Direct Investment

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

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