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FEMA

Latest Articles


Impact of proposed draft Import/ Export framework

Fema / RBI : Explore the potential impacts of RBI's proposed draft Import/Export framework on business operations and foreign trade in India....

July 19, 2024 441 Views 0 comment Print

Remittances to IFSCs under Liberalised Remittance Scheme (LRS)

Fema / RBI : RBI new circular allows resident individuals to remit funds to IFSCs for all permissible LRS purposes, boosting financial services...

July 16, 2024 645 Views 0 comment Print

Annual Return on Foreign Liabilities and Assets (FLA) under FEMA 1999

Fema / RBI : FLA return is annual return required to be submitted by following entities which have received FDI and/or made FDI abroad (i.e. ov...

July 7, 2024 1866 Views 1 comment Print

RBI circular on investment in overseas funds by resident individuals & listed Indian companies

Fema / RBI : Gain insight into the RBI circular clarifying overseas investment rules for resident individuals and listed Indian companies, incl...

June 24, 2024 537 Views 0 comment Print

FEMA Rules: How Much Cash can be Carried when Traveling to & from India?

Fema / RBI : Discover RBI's rules on carrying cash & foreign currency when traveling to/from India. FAQs cover limits, exceptions, and complian...

June 19, 2024 5487 Views 0 comment Print


Latest News


The IFSCA Banking Handbook General Directions- V 5.0 (GEN)

Finance : Understand the legal framework, regulations, and licensing requirements outlined in the IFSCA Banking Handbook General Directions ...

April 5, 2024 636 Views 0 comment Print

Review of Foreign Direct Investment Policy on Space Sector

Fema / RBI : Explore the latest Foreign Direct Investment (FDI) policy amendments in Indias space sector. Understand the changes in caps, entry...

March 5, 2024 450 Views 0 comment Print

Indian Government’s Historic Move: Direct Listing on GIFT IFSC

Finance : Ministry of Finance announces groundbreaking policy allowing Indian companies to list on GIFT IFSC, unlocking global capital, boos...

January 24, 2024 774 Views 0 comment Print

CBI Initiates Case Against Delhi-Based Company for Violations of FCRA Provisions

Corporate Law : CBI registers a case against a Delhi-based private company and its Director for alleged violations of FCRA provisions, involving u...

October 13, 2023 681 Views 0 comment Print

Crypto Assets require international collaboration to prevent regulatory arbitrage

Finance : Crypto Assets are borderless, require international collaboration to prevent regulatory arbitrage Under PMLA, Rs. 936 crore relate...

February 8, 2023 732 Views 0 comment Print


Latest Judiciary


ED’s Inaction on Seized Assets Violates Income Tax Act Section 132B & FEMA Section 37(3)

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...

January 6, 2024 720 Views 0 comment Print

Lack of Evidence for FEMA Act Contravention in Bogus Import of Service via Cash Bean App: Writ Petition Dismissed

Fema / RBI : Assessee-company was engaged in the business of providing unsecured short-term loans to its customers/borrowers in India via its D...

December 25, 2023 633 Views 0 comment Print

Rajasthan high court directs to release goods seized by Enforcement Directorate

Fema / RBI : Read Rajasthan High Court's judgment in Bhagwati Jewellers regarding release of seized gold bullion and goods by Enforcement Direc...

October 9, 2023 2124 Views 0 comment Print

Cognizance taken under repealed law is valid if it is provided by provision of ‘Repeal and Savings’ under the new Law

Fema / RBI : In present facts of the case, the Hon’ble Supreme Court observed that the Enforcement Officer appointed under Section 3 of FERA,...

September 27, 2023 1209 Views 0 comment Print

Provisional attachment order passed without valid reasoning is untenable

Income Tax : Karnataka High Court held the provisional attachment order unjustifiable as the same was passed simply stating that there is likel...

December 29, 2022 1524 Views 0 comment Print


Latest Notifications


Foreign Exchange Management (Debt Instruments) (Third Amendment) Regulations, 2024

Fema / RBI : RBI's 2024 amendment to FEMA regulations allows foreign investors to buy Sovereign Green Bonds in India’s IFSC and remit proceed...

August 12, 2024 429 Views 0 comment Print

RBI Circular: Updated Guidelines for Remittances to IFSCs under LRS 2024

Fema / RBI : Read about RBI's latest circular on Liberalised Remittance Scheme (LRS) allowing expanded remittances to IFSCs, implications, and ...

July 10, 2024 633 Views 0 comment Print

Basel III Capital Regulations – Eligible Credit Rating Agencies (ECAI)

Fema / RBI : Understand RBI's latest guidelines on Basel III Capital Regulations and the use of credit ratings from accredited agencies like Br...

July 10, 2024 384 Views 0 comment Print

RBI Circular on Exim Bank’s USD 2.50 mn Solar Power Plant Line of Credit to Guyana

Fema / RBI : Explore RBI's latest circular detailing Exim Bank USD 2.50 mn Line of Credit to Guyana for a Solar PV Plant at Cheddi Jagan Int l ...

July 8, 2024 174 Views 0 comment Print

Online submission of Form A2: Removal of limits on remittance amount

Fema / RBI : The RBI now allows unlimited remittance via online Form A2 submission, enhancing ease of business for Authorised Dealers and custo...

July 3, 2024 720 Views 0 comment Print


Brief about NRE Account and NRO Account

June 11, 2020 5559 Views 0 comment Print

Article explains about Non- Resident (External) Rupee Account Scheme – NRE Account and Non-Resident Ordinary Rupee Account Scheme – NRO Account. Particulars Non- Resident (External) Rupee Account Scheme – NRE Account (Schedule – 1) Non-Resident Ordinary Rupee Account Scheme – NRO Account (Schedule – 3) Eligibility A. Non-resident Indians (NRIs), B. Person of Indian Origin […]

Types of Foreign Currency Account opened by Resident Individuals

June 10, 2020 9978 Views 0 comment Print

In India, a Resident Individual can maintain 3 types of Foreign Currency (FC) Accounts for putting through the bona fide transactions.. -Exchange Earners Foreign Currency (EEFC) Account -Resident Foreign Currency (Domestic) [RFC(D)] Account -Resident Foreign Currency (RFC) Account Q 1. Define Foreign Currency Account (FC Account)? Ans: The account which may be held/maintained in any […]

Raising of Funds through External Commercial Borrowings (ECB)

June 9, 2020 22938 Views 0 comment Print

What is ECB: External Commercial Borrowings are commercial loans raised by eligible resident entities from recognised non-resident. The ECB has been classified in category Foreign Denomination ECB: Loan raised in any freely convertible Foreign Currency INR Denomination ECB: Loan raised in INR Method of raising ECB: ECB can be accessed under two routes, viz. Automatic […]

Annual Return on Foreign Liabilities & Assets (FLA Return)

June 6, 2020 58068 Views 9 comments Print

FLA Return is described as Foreign Liabilities And Assets Return which is required to be submitted by all the Indian Companies which have received Foreign Direct Investment (FDI) or made Overseas Investment abroad in the previous year(s) including the current year i.e. who holds foreign Assets or Liabilities in their Balance Sheets.

Types of Account Maintained By Non-Resident In India (Part-2)

June 5, 2020 2391 Views 0 comment Print

In the continuance of the Types of Account Maintained By Non-Resident (Part-1) FOREIGN CURRENCY (NON-RESIDENT) ACCOUNT (BANKS) SCHEME [FCNR (B) A/C]: Q 1. Who can open FCNR (B) A/C? Ans: 1. Any Non-Resident Indian (NRI) & Person of Indian Origin (PIO) without any approval of the RBI with Authorised Bank. 2. Individuals/Entities of Pakistan and Bangladesh […]

Types of Account Maintained By Non-Resident (Part-1)

June 5, 2020 2067 Views 2 comments Print

If any person who is Non-Resident wants to do bona fide transactions in India, then they have to open some special kind of accounts according to the procedure prescribed by Reserve Bank of India (RBI). Types of account which can be opened by a Non-Resident in India:- 1. Non-Resident (External) Rupee Account Scheme [NRE A/c] […]

RBI Master Direction for Issue and Pricing of shares by Private Sector Bank

June 2, 2020 2388 Views 0 comment Print

Relevant Provisions: Section 35A of the Banking Regulations Act, 1934, where the RBI has the power to issue any direction. Applicability: The provisions of these Directions shall apply to all the Private Banks licensed by the RBI to operate in India. Private Sector Banks: Means Banks licensed to operate in India under the Banking Regulations […]

Non Resident Investing in a Indian Company – FCGPR Compliance

June 1, 2020 37467 Views 2 comments Print

Non Resident Investing in a Indian Company-Compliance under FCGPR – Whether he can use his NRO Account? Present Case: A private limited is incorporated in India. Mr. X who is in US and US citizen has an NRO account in India. He wants to transfer his money from his NRO account to the company for […]

Residential Status-FEMA Interpretation

May 29, 2020 3396 Views 0 comment Print

DEFINITIONS RESIDENT & NON- RESIDENT Section 2 (v): Person Resident in India Means— (i)             a person residing in India for more than one hundred and eighty-two days during the course of the preceding financial year but does not include— (A) a person who has gone out of India or who […]

Branch Office Set Up Process In Hungary

May 26, 2020 1452 Views 0 comment Print

SETTING UP A BRANCH OFFICE IN HUNGARY  Hungary is a beautiful Country located in Central Europe. Budapest being it’s capital city, it offers good opportunities to foreign companies to set up their business in Hungary. The major advantage of doing business in Hungary in addition to its prime location, is that its Government has set […]

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