Fema / RBI
Log in to FollowRBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ
UCBs – Furnishing Remitter Details in Pass Book/Pass Sheet/Account Statement for Credits received by Customers through NEFT/NECS/ECS
Incorporation in India Must For Foreign Banks
Credit/Debit Card transactions- Security Issues and Risk mitigation measures for Card Not Present Transactions
RBI exempts Long Term Infrastructure Bonds (U/s. 80CCF) issued by infrastructure companies from the Purview of Public Deposits
Banks to pay for delay in closing of Housing Loan Account
Visa gets RBI permission for fund remittance
StCBs/DCCBs – Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts
Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts – RBI circular No. RPCD.CO RRB.BC.No. 25 /03.05.33/2010-11
“SARFAESI” PROCEEDINGS – THE JURISDICTION OF HIGH COURT?
Security audits as per RBI rules must for banks, says RR Patil
Discussion Paper on Foreign Direct Investment in LLPs
Summary of Consolidated Foreign Direct Investment (FDI) Policy – Circular No. 2 of 2010
Provision of Discussion Paper on Issue of Shares for Consideration Other than Cash in brief
Electronic payment products – Processing inward transactions based solely on account number information
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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