2 Fema / RBI News, Articles, Notifications and Forms

Fema / RBI

Process to Establishment of Branch/Liaison Offices In India By Foreign Entities

The establishment of a branch office/ liaison office or any other place of business in India by foreign entities is regulated in terms of Section 6(6) of the Foreign Exchange Management Act, 1999 read with Notification No. FEMA 22(R)/2016-RB dated March 31, 2016. These Regulations are amended from time to time to incorporate the changes [...

Read More

Is Forex Trading a Wise Choice for Investments in India?

India is a developing market with intriguing foreign exchange (forex) trading. Long-term positive gains from trading Indian forex are possible if you have patience. There are lots of investors hoping to profit from the currency market's possibilities....

Read More

81 FAQ’s on Reserve Bank of India (RBI) Act, 1934 

(A) RBI’s Preliminary under RBI Act, 1934 (Chapter-I)  1 RBI’s Act, 1934 + Applicability (Section-1) RBI Act, 1934 is applicable to whole of India including the J & K 2. RBI’s Act, 1934 + Definitions (Section-2) (i) Meaning of Bank Note (section 2(aiv)) Include a Bank note as issued by RBI in physical + digital […]...

Read More

Foreign Exchange Fluctuation Gain not changeable to tax: ITAT Mumbai

The nature of any particular receipt as capital or revenue is one of the fundamental steps in deciding the taxability of any income. Unfortunately, Income Tax Act, 1961 (as ‘IT Act’) does not provide any unambiguous explanation for the terms ‘capital receipt’ or ‘revenue receipt.’ With the advent of capital market transactions...

Read More

RBI Reporting in Form of FC-TRS Regarding Transfer of Shares From Resident to Non-Resident / Non-Resident to Resident

RBI Reporting in Form of FC-TRS Regarding Transfer of Shares From Resident to Non-Resident / Non-Resident to Resident REPORTING OF FOREIGN CURRENCY TRANSFER OF SHARE- FC-TRS FC-TRS is a reporting form regarding the transfer of shares / compulsorily and mandatorily convertible preference shares (CMCPS) / debentures /others by way of sale f...

Read More

Banking sector to make a big contribution to make India a developed nation

Banking sector has to make a big contribution to making India a developed nation by 2047: Union Finance Minister Smt. Nirmala Sitharaman at 75th AGM of Indian Banks’ Association Union Finance Minister exhorts banks to plan for next 25 years, embracing digital, modern technologies and seamless systems which talk to each other “Use tech...

Read More

RBI issues List of unauthorised forex trading platforms

Reserve Bank of India Alert List The Alert List contains names of entities which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to operate electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018. This list...

Read More

Mauritius now Largely Compliant with all 40 FATF Recommendations

Mauritius was successfully upgraded on Recommendation 15 to 'Largely Compliant' and With this technical compliance upgrade, Mauritius is now Compliant or Largely Compliant with all 40 FATF Recommendations....

Read More

Siphoning off foreign exchange – ED attaches properties of G V Films

ED has seized immovable property at Thanjavur valued at Rs. 8.94 Crore belonging to M/s G V Films Limited, Chennai under FEMA, 1999 in connection with siphoning off foreign exchange in the guise of issuance of 6.4 million number of Global Depository Receipts (GDR) to the tune of Rs. 345.6 Crore. Press Release 01.09.2022 Directorate [&hell...

Read More

Corporate Bond Markets in India – Challenges and prospects

The growing size of the corporate bond market and the number of issuances every year are important indicators of the success of the development efforts of the Government and regulators....

Read More

Enhancement of sentence based on statement of acquitted co-accused unjustified

Muneesh Suneja Vs Chief Enforcement Officer (Punjab & Haryana High Court) - Punjab & Haryana High Court held that as the initial recovery against the co-accused stands acquitted, enhancement of sentence of the petitioner who was nominated on their statements becomes unsustainable in law....

Read More

Repatriation of sale proceeds of export expiry with statutory period of six months

Krishna Murarai Poddar Vs State of West Bengal & Anr. (Calcutta High Court) - Calcutta High Court held that conjoint reading of section 18(1)(c) and section 18(1)(a) of the Foreign Exchange Regulation Act, 1973 definitely propagate that the duty to get the sale proceeds of export to be repatriated expiry with the statutory period of six months....

Read More

SC upheld center’s decision on demonetisation of 500 & 1000 rupee notes

Vivek Narayan Sharma Vs. Union of India (Supreme Court) - SC upholds Central Government decision on demonetisation of 500 & 1000 rupee notes by a Majority of 4:1 in the case of Vivek Narayan Sharma Vs. Union Of India....

Read More

Authority issuing notice under FEMA, 1999 for violation of FERA, 1973 is bad in law

First Global Stockbroking P Ltd. Vs R. M. Ramchandani (Bombay High Court) - Bombay High Court held that the Adjudicating Authority is not authorized to issue show cause notice under the Foreign Exchange Management Act (FEMA), 1999 for violations of provisions in Foreign Exchange Regulation Act (FERA), 1973....

Read More

Banks cannot be directed to grant benefit of Onetime Settlement Scheme under Article 226: SC

State Bank of India Vs Arvindra Electronics Pvt. Ltd (Supreme Court of India) - Supreme Court held that no borrower can, as a matter of right pray for a grant for the benefit of one­time settlement scheme and writ of mandamus cannot be issued by the High Court in exercise of Article 226 of the Constitution of India, directing the financial institution/bank to positively grant ...

Read More

RBI discussion Paper on Securitisation of Stressed Assets Framework

Press Release: 2022-2023/1614 - (25/01/2023) - Discussion Paper on Securitisation of Stressed Assets Framework (SSAF) broadly covers nine relevant areas of the framework including asset universe, asset eligibility, minimum risk retention, regulatory framework for special purpose entity and resolution manager, access to finance for resolution man...

Read More

RBI extends deadline for renewal of bank locker agreements

RBI/2022-23/168 CO.CEPD.PRS.No.S1233/13-01-018/2022-2023 - (23/01/2023) - In many cases, the banks are yet to inform the customers about the need for renewal of agreements before January 1, 2023. Further, there is a need for revision in the Model Agreement drafted by the Indian Banks’ Association (IBA) to fully comply with the revised instructions....

Read More

RBI designate Sovereign Green Bonds under ‘Fully Accessible Route’ for Investment by Non-residents

RBI/2022-23/169 FMRD.FMID.No.07/14.01.006/2022-23 - (23/01/2023) - RBI designate all Sovereign Green Bonds issued by the Government in the fiscal year 2022-23 as ‘specified securities’ under FAR....

Read More

Master Direction – RBI (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023

RBI/DOR/2022-23/95 DOR.HOL.No.95/16.13.100/2022-23 - (16/01/2023) - Any person who intends to acquire shares or voting rights in a banking company beyond the limit for which approval was obtained from the Reserve Bank, is required to apply to the Reserve Bank for prior approval to increase their aggregate holding in the banking company....

Read More

Use ‘Price / Yield range setting’ facility provided on e-Kuber platform: RBI

Notification No. RBI/2022-23/163, IDMD.No.S2800/08.02.032/2022-23 - (11/01/2023) - All market participants are, advised to utilize Price / Yield range setting facility provided on e-Kuber platform before placing bids in Primary Market auctions....

Read More

Browse All Categories

CA, CS, CMA (6,281)
Company Law (8,866)
Corporate Law (11,272)
Custom Duty (9,763)
DGFT (4,928)
Excise Duty (5,019)
Fema / RBI (5,403)
Finance (5,891)
Income Tax (44,139)
SEBI (4,751)
Service Tax (4,187)

Recent Posts in "Fema / RBI"

Process to Establishment of Branch/Liaison Offices In India By Foreign Entities

The establishment of a branch office/ liaison office or any other place of business in India by foreign entities is regulated in terms of Section 6(6) of the Foreign Exchange Management Act, 1999 read with Notification No. FEMA 22(R)/2016-RB dated March 31, 2016. These Regulations are amended from time to time to incorporate the changes [...

Read More
Posted Under: Fema / RBI |

Is Forex Trading a Wise Choice for Investments in India?

India is a developing market with intriguing foreign exchange (forex) trading. Long-term positive gains from trading Indian forex are possible if you have patience. There are lots of investors hoping to profit from the currency market's possibilities....

Read More
Posted Under: Fema / RBI |

RBI discussion Paper on Securitisation of Stressed Assets Framework

Press Release: 2022-2023/1614 25/01/2023

Discussion Paper on Securitisation of Stressed Assets Framework (SSAF) broadly covers nine relevant areas of the framework including asset universe, asset eligibility, minimum risk retention, regulatory framework for special purpose entity and resolution manager, access to finance for resolution manager, capital treatment, due diligence, ...

Read More

81 FAQ’s on Reserve Bank of India (RBI) Act, 1934 

(A) RBI’s Preliminary under RBI Act, 1934 (Chapter-I)  1 RBI’s Act, 1934 + Applicability (Section-1) RBI Act, 1934 is applicable to whole of India including the J & K 2. RBI’s Act, 1934 + Definitions (Section-2) (i) Meaning of Bank Note (section 2(aiv)) Include a Bank note as issued by RBI in physical + digital […]...

Read More
Posted Under: Fema / RBI |

Foreign Exchange Fluctuation Gain not changeable to tax: ITAT Mumbai

The nature of any particular receipt as capital or revenue is one of the fundamental steps in deciding the taxability of any income. Unfortunately, Income Tax Act, 1961 (as ‘IT Act’) does not provide any unambiguous explanation for the terms ‘capital receipt’ or ‘revenue receipt.’ With the advent of capital market transactions...

Read More
Posted Under: Fema / RBI |

RBI Reporting in Form of FC-TRS Regarding Transfer of Shares From Resident to Non-Resident / Non-Resident to Resident

RBI Reporting in Form of FC-TRS Regarding Transfer of Shares From Resident to Non-Resident / Non-Resident to Resident REPORTING OF FOREIGN CURRENCY TRANSFER OF SHARE- FC-TRS FC-TRS is a reporting form regarding the transfer of shares / compulsorily and mandatorily convertible preference shares (CMCPS) / debentures /others by way of sale f...

Read More
Posted Under: Fema / RBI |

RBI extends deadline for renewal of bank locker agreements

RBI/2022-23/168 CO.CEPD.PRS.No.S1233/13-01-018/2022-2023 23/01/2023

In many cases, the banks are yet to inform the customers about the need for renewal of agreements before January 1, 2023. Further, there is a need for revision in the Model Agreement drafted by the Indian Banks’ Association (IBA) to fully comply with the revised instructions....

Read More

RBI designate Sovereign Green Bonds under ‘Fully Accessible Route’ for Investment by Non-residents

RBI/2022-23/169 FMRD.FMID.No.07/14.01.006/2022-23 23/01/2023

RBI designate all Sovereign Green Bonds issued by the Government in the fiscal year 2022-23 as ‘specified securities’ under FAR....

Read More

NBFC Regulation:- New NBFC Guidelines applicable to NBFC

Recently the Reserve Bank of India has made several notification on NBFC regulations hence there may be some confusion in the mind of the reader that which regulation is currently applicable to an NBFC. To understand this we have to refer to press release RBI/2021-22/112 and Circular No.  DOR.CRE.REC.No.60/03.10.001/2021-22 dated 22.10.2...

Read More
Posted Under: Fema / RBI |

The Reserve Bank – Integrated Ombudsman Scheme, 2021 – FAQs

Reserve Bank of India (RBI) integrated its three erstwhile Ombudsman Schemes viz. (i) the Banking Ombudsman Scheme, 2006, (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018, and (iii) the Ombudsman Scheme for Digital Transactions, 2019, into one Scheme – ‘The Reserve Bank – Integrated Ombudsman Scheme, 20...

Read More
Posted Under: Fema / RBI |

Latest RBI / FEMA News

Check out all the latest news on RBI together with all the important RBI notifications, RBI circulars, RBI rates including top stories on FEMA Act and FEMA Regulations only at Taxguru.com The RBI (Reserve Bank of India) is India's Apex bank which governs the banking regulations in the country and controls all the monetary policies of the country. It began its operations 1st of April 1935 at the time of British Rule as per the provisions laid down in the Reserve Bank of India Act, 1934. After India's independence on 15th August 1947, the Reserve Bank of India was nationalized on 1st January 1949. Reserve Bank of India is an independent monetary authority that regulates banks and offers important financial services such as controlling inflation, maintaining foreign exchange reserves, and providing monetary policy report. It plays a significant role in developing strategies of the Indian Government. The FEMA Act (Foreign Exchange Management Act) is an Act constituted by the Indian Parliament for consolidating and amending the law related to foreign exchange for facilitating the external trade and payments and also for encouraging orderly maintenance and development of foreign exchange market in the country. This act was passed in the year 1999 during the winter session which replaced the previous Foreign Exchange Regulation Act (FERA). The FEMA Regulations makes offenses with respect to foreign exchange civil offenses.This Act extends and is applicable for the entire nation. FEMA Act allowed a new regime for foreign exchange management that is consistent with the World Trade Organization’s emerging framework. At Taxguru, we provide you with all the RBI latest news, RBI circulars, RBI notifications and all the updates with respect to FEMA Act and FEMA regulations. We keep you posted with all the latest updates on RBI rates and RBI rate charts. At Taxguru, our team ensures we publish all the latest RBI news. Bookmark us to get all the latest news on RBI and FEMA.