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RBI Notification

Guidelines laid down by RBI for Appointment of Statutor...

RBI issues guidelines for Appointment of Statutory Auditors of Banks, NBFCs

The Reserve Bank recently issued guidelines for the appointment of statutory auditors of banks and NBFCs. The guidelines for appointment of statutory centr...

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RBI Regulations

Constitution of the Regulations Review Authority (RRA)...

Constitution of the Regulations Review Authority (RRA) 2.0

The Reserve bank announced the setting up of regulations review authority 2.0 to review its regulations internally as well as in consultation with other st...

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FEMA

Can Commercial Property in India be purchased by an NRI...

Can Commercial Property in India be purchased by an NRI?

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...

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RBI Notification

RBI doubles deposit limit of Payments Bank

Limit of Payments bank

The Reserve bank vide notification released on April 8, 2021, enhanced the maximum end-of-day balance for payments banks to 2 lakh rupees. This limit was 1...

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FEMA

An Overview of Annual Performance Report under FEMA 199...

Annual Performance Report under FEMA 1999

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

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RBI Notification

RBI tightens investment norms in NBFC from FATF non-com...

FATF non-compliant jurisdictions

Recently the Reserve Bank of India came out with a notification to impose restrictions on investments in Non-Banking Financial Companies by investors from...

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RBI Notification

RBI Extends Timeline for Processing of Recurring Online...

Recurring Online Transactions

In a major announcement, the Reserve Bank of India extended the timeline for processing of recurring transactions by six months to 30th September 2021. Wit...

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RBI Notification

Extension of timeline for non-bank Payment Aggregators:...

Extension of timeline for non-bank Payment Aggregators

The Reserve Bank of India recently extended the deadline for the implementation of new rules for payment gateways and for online merchants. RBI stated that...

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