Fema / RBI

FAQs on ₹2000 Denomination Banknotes – Withdrawal from Circulation

Public can continue to use ₹2000 banknotes for their transactions and also receive them in payment. However, they are encouraged to deposit and/or exchange these banknotes ...

Indo-Nepal Remittance Facility scheme- FAQs

Explore frequently asked questions (FAQs) about the Indo-Nepal Remittance Facility (INRF) Scheme, including features, limits, documents, and more....

Decoding provisions of Filing of FC-GPR vide FEMA Guidelines

Importance of Form FC-GPR under RBI guidelines for foreign investments in India. Learn filing process, due dates, and implications of late submissions...

RBI Investment Portfolio Guidelines 2023: Key Updates

Explore latest RBI guidelines on commercial banks' investment portfolios in 2023. Understand classifications, valuation, and operations for better financial compliance....

Are only companies obliged to file Foreign Liabilities & Assets (FLA) Returns?

Discover which entities, including companies, LLPs, and more, are required to file FLA returns with RBI, and learn about exceptions to this filing requirement....

Withdrawal of ₹2000 denomination currency notes by RBI

As per data shared by the Union Minister of State for Finance, Shri Pankaj Chaudhary, the majority (89%) of these notes were issued prior to March 2017. The volume and value of the ₹2000 banknotes have seen a gradual decrease since their peak in 2018. ...

Rs. 2000 bank note exchange allowed without requisition slip & ID Proof: SBI

Facility of exchange of Rs 2000/- denomination Bank Notes to all members of the public upto a limit of Rs.20000/- at a time will be allowed without obtaining any requisition slip as per the format attached in Annexure-III. Further no identity proof is required to be submitted by the tenderer at the time of exchange...

Youtube Live: Statutory Bank Branch Audit – Practical Guide

As we all know that Statutory Bank Branch Audit is a one time task for a particular financial. Also we need to complete the bank audit within limited time so it’s an commendable job on all the chartered Accountants to complete the audit on time with quality reporting. Also you all are aware that government […]...

RBI Draft Guidelines on Minimum Capital Requirements for Market Risk

Boundary between the banking book and the trading book - This chapter sets out the instruments to be included in the trading book (which are subject to market risk capital requirements) and those to be included in the banking book (which are subject to credit risk capital requirements)....

Consultation Paper on Strengthening Corporate Governance At Listed Entities

SEBI Consultation Paper on Strengthening Corporate Governance At Listed Entities By Empowering Shareholders – Amendments To SEBI (LODR) Regulations, 2015...

Cognizance taken under repealed law is valid if it is provided by provision of ‘Repeal and Savings’ under the new Law

First Global Stockbroking Pvt. Ltd. & Ors. Vs Anil Rishiraj & Anr (Supreme Court of India) - In present facts of the case, the Hon’ble Supreme Court observed that the Enforcement Officer appointed under Section 3 of FERA, 1973 was authorized to file complaint under provisions of FERA even after getting repealed by the virtue of S. 49 of FEMA under the heading ‘Repeal and Savings’....

Auction by Bank: HC Quashes Demand for Interest and Refund of Stamp Duty

Anita Tosniwal Vs Reserve Bank of India (Calcutta High Court) - Anita Tosniwal Vs Reserve Bank of India (Calcutta High Court) In the case of Anita Tosniwal vs Reserve Bank of India, the Calcutta High Court has delivered a judgment quashing the demand for interest and refund of stamp duty and registration fee. The court found that there was no proper enquiry cond...

Regular bail granted as petitioner materially co-operated in the investigation

Ramesh Manglani Vs Directorate of Enforcement (Delhi High Court) - Delhi High Court granted regular bail on the reasonable grounds based on which it can be believed that the petitioner is not guilty of offence under section 3 of PMLA and also that petitioner has materially co-operated in the investigation....

Granting bail on medical grounds u/s 45(1) of PMLA is discretionary

Sanjay Jain (IN JC) Vs Enforcement Directorate (Delhi High Court) - Delhi High Court held that the power to grant bail on medical grounds under the first proviso to Section 45(1) of the Prevention of Money Laundering Act, 2002 (PMLA) is discretionary. Accordingly, court directed AIIMS to evaluate medical condition of the petitioner....

Interim bail granted on medical grounds as petitioner is suffering from life-threatening diseases

Sameer Mahandru Vs Directorate of Enforcement (Delhi High Court) - Delhi High Court granted interim bail on petitioner satisfying the test of proviso to section 45(1) of the Prevention of Money Laundering Act, 2002 (PMLA) as petitioner is suffering from life-threatening diseases warranting immediate medical attention....

RBI Extends ₹2000 Banknote Withdrawal Deadline to October 7, 2023

RBI/2023-24/64 DCM(Plg) No. S-1288/10.27.00/2023-24 & Press Release: 2023-2024/1025 - (30/09/2023) - RBI has extended deadline for withdrawal of ₹2000 banknotes to October 7, 2023. Learn about new guidelines and arrangements....

RBI Circular: Display of Secured Asset Information under SARFAESI Act

RBI/2023-24/63 [DoR.FIN.REC.41/20.16.003/2023-24] - (25/09/2023) - Reserve Bank of India (RBI) has issued Circular RBI/2023-24/63 on September 25, 2023, addressing the display of information related to secured assets possessed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. This move towards...

RBI’s Master Direction on Basel III and Investment Norms – 2023

RBI/DoR/2023-24/105 DoR.FIN.REC.40/01.02.000/2023-24 - (21/09/2023) - Master Direction - Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023...

RBI Draft Master Direction on Treatment of Wilful and Large Defaulters

Press Release: 2023-2024/957 - (21/09/2023) - Read about Reserve Bank of India's (RBI) Draft Master Direction on treatment of wilful defaulters and large defaulters in 2023. Provide feedback by October 31, 2023....

RBI Introduces Data Quality Index for Commercial & Microfinance Segments

Notification No. RBI/2023-24/62 DoR.FIN.REC.39/20.16.056/2023-24 - (20/09/2023) - RBI's latest circular introduces a Data Quality Index (DQI) for Commercial and Microfinance segments, aiming to assess data quality in financial sector....

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Recent Posts in "Fema / RBI"

RBI Extends ₹2000 Banknote Withdrawal Deadline to October 7, 2023

RBI/2023-24/64 DCM(Plg) No. S-1288/10.27.00/2023-24 & Press Release: 2023-2024/1025 30/09/2023

RBI has extended deadline for withdrawal of ₹2000 banknotes to October 7, 2023. Learn about new guidelines and arrangements....

FAQs on ₹2000 Denomination Banknotes – Withdrawal from Circulation

Public can continue to use ₹2000 banknotes for their transactions and also receive them in payment. However, they are encouraged to deposit and/or exchange these banknotes ...

Posted Under: Fema / RBI | ,

Indo-Nepal Remittance Facility scheme- FAQs

Explore frequently asked questions (FAQs) about the Indo-Nepal Remittance Facility (INRF) Scheme, including features, limits, documents, and more....

Posted Under: Fema / RBI |

Cognizance taken under repealed law is valid if it is provided by provision of ‘Repeal and Savings’ under the new Law

First Global Stockbroking Pvt. Ltd. & Ors. Vs Anil Rishiraj & Anr (Supreme Court of India)

In present facts of the case, the Hon’ble Supreme Court observed that the Enforcement Officer appointed under Section 3 of FERA, 1973 was authorized to file complaint under provisions of FERA even after getting repealed by the virtue of S. 49 of FEMA under the heading ‘Repeal and Savings’....

RBI Circular: Display of Secured Asset Information under SARFAESI Act

RBI/2023-24/63 [DoR.FIN.REC.41/20.16.003/2023-24] 25/09/2023

Reserve Bank of India (RBI) has issued Circular RBI/2023-24/63 on September 25, 2023, addressing the display of information related to secured assets possessed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. This move towards greater transparency aims to ensure tha...

Decoding provisions of Filing of FC-GPR vide FEMA Guidelines

Importance of Form FC-GPR under RBI guidelines for foreign investments in India. Learn filing process, due dates, and implications of late submissions...

Posted Under: Fema / RBI |

RBI Investment Portfolio Guidelines 2023: Key Updates

Explore latest RBI guidelines on commercial banks' investment portfolios in 2023. Understand classifications, valuation, and operations for better financial compliance....

Posted Under: Fema / RBI |

RBI’s Master Direction on Basel III and Investment Norms – 2023

RBI/DoR/2023-24/105 DoR.FIN.REC.40/01.02.000/2023-24 21/09/2023

Master Direction - Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023...

RBI Draft Master Direction on Treatment of Wilful and Large Defaulters

Press Release: 2023-2024/957 21/09/2023

Read about Reserve Bank of India's (RBI) Draft Master Direction on treatment of wilful defaulters and large defaulters in 2023. Provide feedback by October 31, 2023....

RBI Introduces Data Quality Index for Commercial & Microfinance Segments

Notification No. RBI/2023-24/62 DoR.FIN.REC.39/20.16.056/2023-24 20/09/2023

RBI's latest circular introduces a Data Quality Index (DQI) for Commercial and Microfinance segments, aiming to assess data quality in financial sector....

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.