Fema / RBI : Learn key regulatory requirements for wholly owned subsidiaries of foreign companies in India, including compliance under the Comp...
Income Tax : Understand the differences in residential status under the Income Tax Act and FEMA for Indians working abroad. Know tax implicatio...
Fema / RBI : Introduction to Compounding Compounding of contraventions is a voluntary process where an individual or entity admits a contravent...
Fema / RBI : Learn about the FEMA compounding process, authorities, and rules for resolving foreign exchange contraventions with the updated Fo...
Fema / RBI : Foreign companies can establish a project office in India for specific operations. Learn about RBI approval, documentation, and co...
Fema / RBI : New FEMA rules allow settlement of foreign exchange violations with penalties up to ₹5 crore. Pending cases will follow earlier ...
Fema / RBI : The Government amended FEMA regulations, enabling resolution of violations up to ₹5 crore by paying fines. Ongoing cases follow ...
Fema / RBI : BCAS submits feedback on RBI's draft FEMA regulations, highlighting liberalized rules aimed at enhancing Ease of Doing Business. B...
Finance : Understand the legal framework, regulations, and licensing requirements outlined in the IFSCA Banking Handbook General Directions ...
Fema / RBI : Explore the latest Foreign Direct Investment (FDI) policy amendments in Indias space sector. Understand the changes in caps, entry...
Income Tax : Directorate of Enforcement cannot sit over the seized assets, and the failure to release them is a violation of Section 132B of th...
Fema / RBI : Assessee-company was engaged in the business of providing unsecured short-term loans to its customers/borrowers in India via its D...
Fema / RBI : Read Rajasthan High Court's judgment in Bhagwati Jewellers regarding release of seized gold bullion and goods by Enforcement Direc...
Fema / RBI : In present facts of the case, the Hon’ble Supreme Court observed that the Enforcement Officer appointed under Section 3 of FERA,...
Income Tax : Karnataka High Court held the provisional attachment order unjustifiable as the same was passed simply stating that there is likel...
Fema / RBI : RBI outlines Exim Bank’s $120M credit line to Vietnam for High-Speed Guard Boats. Includes disbursement details, export complian...
Fema / RBI : RBI issues guidelines for Exim Bank’s $180M credit line to Vietnam for Offshore Patrol Vessels. Details on disbursement, export ...
Fema / RBI : RBI revises FEMA regulations, modifying payment rules for Asian Clearing Union (ACU) members, excluding Nepal and Bhutan. Changes ...
Fema / RBI : RBI updates FEMA regulations, revising payment rules for ACU member countries. The amendment affects foreign exchange transactions...
Fema / RBI : RBI updates FEMA regulations to encourage Indian Rupee and local currencies for cross-border transactions. Learn about the revised...
All banks participating in RTGS / NEFT / NECS / ECS are, therefore, advised that when the destination of funds is to an NRE account, the originating / sponsor bank must ensure that the funds are eligible to be credited to an NRE account in India under the existing FEMA Regulations and Wire Transfer Guidelines. Beneficiary / Destination banks have to make requisite changes to the interface software, if not already done, so that all valid transactions indicating credit to an NRE account are not returned.
As you aware the Ministry of Corporate Affairs has notified Companies (Issue of Indian Depository Receipts) Rules, 2004 and subsequently there were amendments on the subject matter and SEBI vide its Circular No. SEBI / CFD / DIL / DIP / 20 /2006 / 3 / 4 dated April 3, 2006 issued by the Securities […]
Necessary amendments to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 and Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004, are being issued separately.
Foreign Institutional Investors (FIIs) including SEBI approved sub-accounts of the FIIs, registered with SEBI and Non-Resident Indians (NRIs) may also invest, purchase, hold and transfer IDRs of eligible companies resident outside India and issued in the Indian capital market, subject to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 notified vide notification no. FEMA 20 / 2000-RB dated May 3, 2000.
As many of you aware that the RBI will be issuing Master Circular in the subject matter on every year in the month of July. It is consolidated the instructions/ guidelines/ circulars issued from July 01 to June 30 (12 months period) in every year. Accordingly, the RBI has issued Master Circular on the following matters pertaining to FEMA by today i.e July 01, 2009.
We welcome you to view updated version of various Forms under Foreign Exchange Management Act (FEMA), 1999. This part shows all the Forms issued by the Reserve Bank of India since inception of FEMA, 1999 i.e. w.e.f. 01/06/2000 up till date. We have uploaded all the forms in word format. Our site is the only site which provides all the forms for free.
In exercise of the powers conferred by sub-section (1) and clause (a) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in consultation with the Reserve Bank, the Central Government, having considered it necessary in the public interest, hereby makes the following further amendments in the Foreign Exchange Management (Current Account Transactions) Rules, 2000, namely
The documentary evidence which was placed by the appellant before the Appellate Authority should have been considered independently of provisions of Section 72 of the FERA . The appellant could prove his contention with evidence available including the documents. If the documents are not authenticated the appellant could be given opportunity to prove the documents and their contents. His contention could not be rejected merely because the documents were not authenticated.
Another Press Note or a clarification could be issued to make clear that the government will ensure that sectors such as multi-brand retail, agriculture, lottery and atomic energy, where foreign investment is prohibited, will be kept out of the reach of even indirect foreign investment.
Capital account convertibility means that an investor is allowed to move freely from the local currency to a foreign currency. India has limited capital account convertibility to prevent shocks to the capital account and maintain a stable exchange rate, by stipulating sectoral norms that ensure a lock-in period for investments.
