Fema / RBI - Page 30

Revised guidelines on lending to Priority Sector for Primary UCBs

RBI/2017-18/175 DCBR.BPD (PCB).Cir.No.07/09.09.002/2017-18 (10/05/2018)

Please refer to our circular UBD.CO.BPD.(PCB).MC.No.18/09.09.001/2013-14 dated October 8, 2013 on the captioned subject and amendments thereto from time to time, consolidated in Master Circular DCBR.BPD.(PCB).MC.No:11/09.09.001/2015-16 dated July 1, 2015. The existing guidelines have been reviewed and it has been decided to issue revised ...

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Transfer of Shares from Non-residents to Residents

1. Under Indian foreign exchange regulations, general permission is available for transfer of shares / convertible debentures between non-residents (NR) and Indian residents (IR) by way of gift or sale under private arrangement. Further, a non resident (other than non-resident Indian (“NRI”) and overseas corporate bodies (“OCB”) m...

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Posted Under: Fema / RBI |

FAQ on Furnishing Information to FIU-IND

Every Financial Institution regulated by Department of Non-Banking Supervision is required to get itself registered under FIU-IND (Financial Intelligence Unit-India). Registering yourself from Reporting entity to Principal Officer and even after there are some other compliances which needs to be complied by every NBFC....

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Posted Under: Fema / RBI |

Guidelines on Stripping/Reconstitution of Government Securities

RBI/2017-18/171 IDMD.GBD.2783/08.08.016/2018-19 (03/05/2018)

It is proposed to remove the restrictions on the securities eligible for Stripping/Reconstitution as well as the requirement of authorization of all requests for Stripping/Reconstitution by Primary Dealers (PDs)....

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Cancellation of Certificate of Registration of NBFC

Market Regulator RBI has issued various Show Cause Notices to Non-Banking Finance Companies who have failed to communicate the name, designation and address of the principal officer to Financial Intelligence Unit- India (FIU-IND) as directed in respect of Cancellation of Certificate of Registration for violations and non-compliances to ca...

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Posted Under: Fema / RBI |

Investment by Foreign Portfolio Investors (FPI) in Debt – Review

RBI/2017-18/170 A.P. (DIR Series) Circular No. 26 (01/05/2018)

While the FPIs are only permitted to invest in corporate bonds with minimum residual maturity of above one year, in order to bring consistency across debt categories, it is stipulated that investments by an FPI in corporate bonds with residual maturity below one year shall not exceed, at any point in time, 20% of the total investment of t...

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RBI’s bloom for HFCs- Rationalisation and Liberalisation of Economic Commercial Borrowing (ECB) Policy

To simplify the ECB guidelines, RBI vide notification no. RBI/2017-18/169 dated April 27, 2018 introduced a flat all-in-cost ceiling for ECBs uniform at 450 basis points over the benchmark London Interbank Offer Rate (LIBOR), doing away with different slabs for different maturities....

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Posted Under: Fema / RBI |

Changes affecting operational aspects of FPI investments in debt

RBI/2017-18/168 A.P. (DIR Series) Circular No. 24 (27/04/2018)

In terms of AP (DIR Series) Circular No. 22 dated April 6, 2018, the revised framework for Foreign Portfolio Investors (FPI) in debt was announced. It was further stated that a separate notification would be issued announcing other changes affecting operational aspects of FPI investments in debt, in consultation with SEBI....

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Rationalisation of all-in-cost for ECB under all tracks and RDBs

RBI/2017-18/169 A.P. (DIR Series) Circular No.25 (27/04/2018)

Rationalisation of all-in-cost for ECB under all tracks and Rupee denominated bonds (RDBs) : With a view to harmonising the extant provisions of Foreign Currency and Rupee ECBs and RDBs, it has been decided to stipulate a uniform all-in-cost ceiling of 450 basis points over the benchmark rate....

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How to Register NBFC

Non-Banking Financial Companies (NBFCs) have been making important contributions to India’s economy. However, the Reserve Bank of India (RBI) still controls the working of all NBFCs under the framework of RBI Act, 1934 and directions issued by it from time to time. ...

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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.