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FEMA

Latest Articles


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 468 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 1716 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 450 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 4980 Views 0 comment Print

Reinvesting Sale Proceeds of Foreign Equity Shares: Repatriation Exemption?

Fema / RBI : Learn the rules for reinvesting proceeds from foreign equity sales without repatriating to India, covering ODI, OPI, and repatriat...

June 9, 2024 879 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 579 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 426 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 753 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 678 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 723 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 693 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 609 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 2106 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 1152 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 1476 Views 0 comment Print


Latest Notifications


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 423 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 216 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 126 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 513 Views 0 comment Print

RBI Circular: Release of foreign exchange for Miscellaneous Remittances

Fema / RBI : RBI revises foreign exchange regulations for miscellaneous remittances, requiring Form A2 for all transactions. Read the latest up...

July 3, 2024 507 Views 0 comment Print


Exim Bank's Line of Credit of USD 20 million to the Government of the Kingdom of Swaziland -A.P. (DIR Series) Circular No. 05

July 26, 2011 817 Views 0 comment Print

A.P. (DIR Series) Circular No. 05 Export-Import Bank of India (Exim Bank) has concluded an Agreement dated March 30, 2011 with the Government of the Kingdom of Swaziland making available to the latter, two Lines of Credit (LOCs), each for an amount of USD 10 million aggregating to USD 20 million (USD twenty million) for financing eligible goods and services including consultancy services, from India for the purpose of financing the setting up of an Information Technology Park in Swaziland. The goods and services including consultancy services from India for exports under this Agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this Agreement.

FEMA – Rupee Trade – Hedging facilities for non-resident entities

July 21, 2011 1006 Views 0 comment Print

In order to facilitate greater use of Indian Rupee in trade transactions, as announced in the Monetary Policy Statement for the year 2011-12 (para 85), it has been decided to allow non-resident importers and exporters to hedge their currency risk in respect of exports from and imports to India, invoiced in Indian Rupees, with AD Category I banks in India, as per details given in the Annex.

Discussion Paper – FDI Policy-Rationale and Relevance of CAPS

July 20, 2011 769 Views 0 comment Print

Rationale of Equity Caps -The FDI equity caps in a sector essentially reflect the levels of control that a foreign direct Investor is permitted to exercise in a company operating within that sector. The FDI policy incorporates equity caps at broadly four levels- 26%, 49%, 51% and 74%[2]. These caps reflect the ownership/ control levels in a company, under the Companies Act, 1956. Thus, for example, any equity holding greater than 25% gives a right to block a ‘special resolution’. 49% equity represents a level just short of ownership. 51% signifies ownership and a right to pass all ordinary resolutions. 74% equity cap on FDI means that the Indian equity holders, acting in unison, can block a special resolution.

Regularization of Liaison / Branch Offices of foreign entities established during the pre-FEMA period

July 15, 2011 549 Views 0 comment Print

The Reserve Bank of India (RBI) has decided that all foreign entities including NGOs/ NPOs/Government bodies and news agencies, operating in India through BOs/ LOs, who are continuing to function in India without obtaining any approval from RBI i.e. established under erstwhile FERA provisions, should approach RBI within 90 days from the date of issue of this circular (i.e. 15 July 2011) for regularization of establishment of such offices in India, in terms of extant FEMA provisions. A.P. (DIR Series) Circular No. 02

FDI Equity Inflows Touches US $ 4.664 Billion for Month of May 2011, Second highest FDI Equity Inflow Received in any Month for the Last Eleven Financial Years

July 4, 2011 469 Views 0 comment Print

Consolidation of FDI Policy: With the aim of simplifying FDI policy, promoting clarity of understanding of foreign investment rules among foreign investors/sectoral regulators and having a single policy platform, so as to ease the regulatory burden for Government, a major exercise of integrating all existing regulations on FDI, into one consolidated document, was undertaken. The process of consolidation involved integration of 178 Press Notes, covering various aspects of FDI policy, which had been issued since 1991, as also a large number of other regulations governing FDI. The document was released as ‘Circular 1 of 2010’, on 31 March, 2010, as per the commitment made. The document has also been updated at six monthly intervals, to ensure that it remains current and updated.

Redemption of Foreign Currency Convertible Bonds (FCCBs) – A.P. (DIR Series) Circular No.01

July 4, 2011 3417 Views 0 comment Print

A.P. (DIR Series) Circular No.01 Keeping in view the need to provide a window to facilitate refinancing of FCCBs by the Indian companies who may be facing difficulty in meeting the redemption obligations, it has been decided to consider applications for refinancing of FCCBs by Indian companies under the automatic route. Accordingly, designated AD Category – I banks may allow Indian companies to refinance the outstanding FCCBs subject to compliance with the terms and conditions set out hereunder: –

Decision on FDI in multi-brand retail likely in July

July 4, 2011 1355 Views 0 comment Print

A decision on the contentious issue of allowing foreign direct investment (FDI) in multi-brand retail is likely to be taken before the Monsoon session of Parliament, sources said. However, there will be tough riders on the global retail chains for launching their operations. These would include hand-holding the small kirana shop-keepers who fear they could be wiped out by the giant retailers.

Govt streamlines FDI proposals’ filing for approval

July 4, 2011 439 Views 0 comment Print

New Delhi: Investors seeking government approval for Foreign Direct Investment (FDI) will now have to obtain electronically generated unique number from the concerned authorities before filing requests with the Foreign Investment Promotion Board. The government’s move is expected to streamline as well as expedite the process of clearing FDI proposals in key sectors such as telecom, defence, direct-to-home and commodity exchange.

FEMA – RBI's Master Circular dated 1-7-2011 on Foreign Investment in India

July 1, 2011 6623 Views 0 comment Print

Foreign investment in India is governed by sub-section (3) of section 6 of the Foreign Exchange Management Act, 1999 read with Notification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time. The regulatory framework and instructions issued by the Reserve Bank have been compiled in this Master Circular. The list of underlying circulars/notifications is furnished in Appendix. In addition to the above, this Master Circular also covers the area of ‘Investment in capital of partnership firms or proprietary concern’ which is regulated in terms of section 2(h) and section 47 of Foreign Exchange Management Act, 1999, read with Notification No. FEMA 24/2000-RB dated May 3, 2000.

FEMA – RBI's Master Circular dated 1-7-2011 on Money Transfer Service Scheme

July 1, 2011 844 Views 0 comment Print

Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only inward personal remittances into India such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible. No outward remittance from India is permissible under MTSS.

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