Fema / RBI - Page 10

RBI- Trade Credit Policy – Revised framework

RBI/2018-2019/140A.P. (DIR Series) Circular No. 23 (13/03/2019)

Trade Credits can be raised under the automatic route up to the amount specified in the Annexto this circular and in compliance with the other applicable norms. The designated AD Category I bank while considering the Trade Credit proposal is expected to ensure compliance with applicable Trade Credit guidelines by their constituents. Any c...

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LEI Code – A Unique Code for Entities Participate in Financial Transaction

The LEI system has been implemented in a phased manner for participants (other than individuals) in the over-the-counter markets for rupee interest rate derivatives, foreign currency derivatives and credit derivatives in India in terms of RBI circular FMRD.FMID No. 14/11.01.007/2016-17 dated June 1, 2017 and for large corporate borrowers ...

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Investment by Resident Indian in JV/WOS abroad

With the aim to diversify the business abroad, avail the opportunity given by the overseas market, in order to make full utilization of full capacity, branding, and many more reasons to inspire the entities to go overseas, invest and set up an entity outside the jurisdiction. Further, it’s not only benefits the investing entities, but [...

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How to Set up Branch/ Liaison Office in India

Recently, India has been growing at an unprecedented pace which has aroused a keen interest among foreign entities to establish their operations in India and tap into one of the largest and fastest growing market, and have access to some of the best human resources in the world....

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How to Set up Project Office in India?

'Project Office' means a place of business to represent the interests of the foreign company executing a project in India but excludes a Liaison Office.The project office is the ideal method for companies to establish a business presence in India, if the object is to have a presence for a limited period of time. ...

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Foreign Exchange Management (Permissible Capital Account Transaction) (First Amendment) Regulations, 2019

Notification No. FEMA 1/2019-RB (07/03/2019)

(i) These Regulations may be called the Foreign Exchange Management (Permissible Capital Account Transactions) (First Amendment) Regulations, 2019.(ii) They shall come into force from the date of their publication in the Official Gazette....

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Closure of Liaison Office in India- Compliances to be done

FCA Neeraj Bhagat Liaison offices (LOs) are a popular option for foreign investors exploring the Indian market for the first time, and unsure of how the country’s liberalizing FDI caps will affect their business. In contrast to other business structures, LOs allow foreign companies to establish a light footprint in India while keeping t...

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Govt to issue new series Rs.1, Rs.2, Rs.5, Rs.10 and Rs. 20 coins

Notification No. G.S.R. 184(E) (06/03/2019)

The coins of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees shall also be coined at the Mint for issue under the authority of the Central Government....

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NBFC-Loan Category A and its Compliances

The Non Banking Financial Companies (NBFC) is a Company incorporated under the provisions of the Companies Act that provide financial services and banking facilities without meeting the legal definition of Bank. They are covered under the prudential norms laid down by the Reserve Bank of India and provide various banking services like l...

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RBI constitutes Task Force on Offshore Rupee Markets

Press Release : 2018-2019/2066 (28/03/2019)

Reserve Bank has been guided by the objective of developing deep and liquid on-shore financial markets that act as a price setter of the Rupee globally. The focus of policy efforts has been to align incentives for non-residents to gradually move to the domestic market while at the same time improving market liquidity to promote hedging ac...

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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.

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