RBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ
Fema / RBI : Explains RBI's cancellation of 135 NBFC registrations under Section 45-IA, the SBR framework, cancellation grounds and the regulat...
Fema / RBI : RBI's draft guidance highlights Board oversight, data governance and accountability as key foundations for responsible AI adoption...
Fema / RBI : Know the FLA Return filing requirement under FEMA, due date, FLAIR portal process, reporting rules, revisions and key compliance r...
Fema / RBI : FEMA Compounding Rules, 2024, RBI Directions and April 2025 amendments revise compounding, digital filing, jurisdictional limits a...
Fema / RBI : Explains NRI and resident status under FEMA, Section 3 restrictions, current and capital account transactions, and examples of per...
Fema / RBI : RBI has clarified reporting requirements, valuation methods, submission procedures, and entity obligations under the Portfolio Inv...
Fema / RBI : The amendment redefines revenue reserves by excluding provisions for liabilities and depreciation. This ensures clearer classifica...
Fema / RBI : RBI revises the definition of revenue reserves to exclude provisions and liabilities. The change enhances transparency and consist...
Fema / RBI : The Reserve Bank of India has removed a key provision from capital adequacy norms to ensure consistency with updated investment ru...
Fema / RBI : RBI introduces annual IFR assessment instead of continuous compliance for RRBs. The change reduces operational burden while mainta...
Fema / RBI : Bombay HC permitted withdrawal of wilful defaulter orders and directed fresh proceedings after disclosure of relevant material, pe...
Fema / RBI : Calcutta HC permitted the borrower to file a fresh RBI Ombudsman complaint in the prescribed format and directed its consideration...
Fema / RBI : Calcutta HC directed completion of liquidation of 32 banking companies within six months with periodic reporting to RBI....
Fema / RBI : The Karnataka High Court upheld the Appellate Tribunal's finding that the respondents satisfied the definition of person resident ...
Fema / RBI : The key issue was whether cash falls within the definition of property under the PBPT Act. The Tribunal ruled that cash is a tangi...
Fema / RBI : RBI released draft data governance guidance for regulated entities, inviting comments by August 17, 2026, on governance, data qual...
Fema / RBI : RBI consolidates SRVA instructions, supersedes earlier circulars, permits FEMA transactions through SRVAs, and updates reporting w...
Fema / RBI : RBI amends Local Area Bank Directions on SNFA income recognition, reversal of unrealised income and accounting treatment, effectiv...
Fema / RBI : RBI amends RRB income recognition norms for SNFAs, prescribing treatment of unrealised income and realised receipts from October 1...
Fema / RBI : RBI amends income recognition norms for SNFAs, requiring reversal of unrealised income and prescribing accounting treatment from O...
Summarizing RBI’s New OI Regime (FEMA 2022) for Overseas Direct Investment. Key limits, mandatory reporting (UIN, APR, FLA), and when to use the Automatic or Approval Route.
The Appellate Tribunal upheld the ED’s attachment of a resort property, ruling it a benami transaction designed to circumvent the law, especially after media scrutiny over CRZ violations. The court found that the beneficial owner’s act of guaranteeing the benamidar’s loan used for the property purchase confirmed the beneficial control.
The SAFEMA Tribunal upheld the attachment of land registered in a tribal’s name, finding it a benami transaction under the amended Act. The ruling confirmed that purchasing restricted tribal land using funds provided by a non-tribal beneficial owner for future commercial resort development is illegal circumvention.
The Tribunal upheld the ED’s attachment of ₹4.04 crore worth of properties acquired through extortion and land grabbing. The ruling confirms that merely filing Income Tax Returns (ITRs) is insufficient to establish a lawful income source when no supporting business evidence or financial trail exists for the claimed income.
An Appellate Tribunal upheld the ED’s provisional attachment of properties in a major fraud case. The ruling confirmed that the 2009 amendment to Section 5(1) of PMLA permits property attachment even if the owners are not formally charged, provided attachment is necessary to prevent asset concealment.
The Tribunal confirmed the attachment of properties linked to a large Ponzi scheme, finding the alleged unregistered sale agreement with a massive cash component highly suspicious and likely ante-dated. The ruling emphasized that the genuineness of such transactions is highly questionable in PMLA cases.
The Tribunal set aside the freezing of bank accounts and seizure of assets under PMLA, ruling that the Enforcement Directorate’s failure to provide the fundamental FIR documents violated statutory procedure. The key takeaway is that FIRs are essential Relied Upon Documents for PMLA proceedings and their non-supply vitiates the entire adjudication order.
The Appellate Tribunal upheld the attachment of two plots of land, ruling the cash-paid transactions were benami because the appellant failed to prove the source of consideration. The ruling confirmed that the funds were provided by an unidentified person, satisfying the test under PBPTA Section 2(9)(D).
The legal issue was whether property acquired before the predicate offense date can be attached as a value-equivalent under PMLA. The Tribunal confirmed the attachment, ruling that pre-offence property can be attached to secure the vanished proceeds of crime. Key Takeaway: PMLA’s definition of proceeds of crime includes equivalent value property, overriding the acquisition timeline when actual proceeds are untraceable.
The Appellate Tribunal set aside the Adjudicating Authority’s revocation and confirmed the benami attachment on a ₹9.5 lakh transaction that occurred during demonetisation. The transaction was found to be an accommodation entry where cash was deposited into an account and immediately transferred to a firm against commission.
