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Latest Articles


SOFTEX Filing and EBRC for Service Exporters: A Comprehensive Guide

Fema / RBI : Understand SOFTEX filing and Electronic Bank Realisation Certificate (EBRC) for service exporters. Learn the process, benefits, an...

January 5, 2024 5277 Views 10 comments Print

RBI: Foreign Exchange Management (Overseas Investment) Regulations, 2022

Fema / RBI : Discover the RBIs Foreign Exchange Management (Overseas Investment) Regulations, 2022 and understand their purpose and obligations...

August 29, 2022 4572 Views 0 comment Print

Form FCGPR (Theoretical And Practical Aspects)

Fema / RBI : With the objective of integrating the extant reporting structures of various types of foreign investment in India, RBI introduced ...

July 8, 2021 12492 Views 0 comment Print

Maintenance of Accounts in India by a Person Resident outside India

Fema / RBI : FEMA regulates, prohibits and restricts acceptance of deposits by Person Resident in India from a Person Resident outside India (P...

September 23, 2018 6471 Views 1 comment Print

FAQS on Issuance of Rupee denominated bonds overseas

Fema / RBI : 1. Who can issue? Any corporate (entity registered as a company under the Companies Act, 1956/ 2013) or body corporate (entity spe...

April 17, 2016 3565 Views 0 comment Print


Latest News


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

Carrying of INR 10,000 by Non-residents and Residents : RBI Clarifies

Corporate Law : In terms of instructions issued vide A.P. (Dir Series) circular No.45 dated September 16, 2013, the Reserve Bank of India had faci...

September 20, 2013 862 Views 0 comment Print

Fema – Review of all-in-cost (AIC) on External Commercial Borrowings (ECB) and Trade Credit

Fema / RBI : On a review of the conditions in the global financial markets, it has been decided to continue with the enhanced all-in-cost ceili...

March 31, 2012 1014 Views 0 comment Print

RBI permission no longer required for cut in sanctioned ECB limit

Corporate Law : As per the extant ECB procedures, requests for reduction in the amount of ECB, changes in the drawdown schedule and reduction in t...

February 10, 2012 499 Views 0 comment Print

Govt to notify 100% FDI in single-brand retail soon

Corporate Law : The government says it will soon notify 100 per cent foreign direct investment in single-brand retail. Secretary in the Department...

January 6, 2012 391 Views 0 comment Print


Latest Judiciary


FEMA – Claim for interest in the nature of compensation for wrongful retention of money is not maintainable

Fema / RBI : Directorate of Enforcement Vs. Subhash Muljimal Gandhi ( Delhi HC)- that interest at the rate of 6% per annum under Rule 8 could ...

February 8, 2012 1230 Views 0 comment Print

SC asks Ketan Ketan Parikh and Co to Deposit deposit 50 percent of penalty imposed for Fema violations

Fema / RBI : Ketan V. Parekh Vs. Special Director, Directorate of Enforcement and another (Supreme Court)- Ketan Parikh, Kartik Parikh and M/s....

November 29, 2011 2383 Views 0 comment Print

Section 45(1A) of the Prevention of Money Laundering Act, 2002 – Binod Kumar Versus State of Jharkhand & Others

Fema / RBI : Binod Kumar Versus State of Jharkhand & Others- In the impugned judgment, it is mentioned that the basic allegation is amassing of...

March 29, 2011 4039 Views 0 comment Print

Foreign exchange –Contravention of provisions of Act–Liable to prosecution as well as penalty by adjudicating officer

Fema / RBI : Foreign exchange --Contravention of provisions of Act--Liable to prosecution as well as penalty by adjudicating officer--Proceedin...

February 18, 2011 2176 Views 0 comment Print

Appeal No.: Writ Petition Nos. 23110 & 23558 of 2009, dated: 26.03.2010

Fema / RBI : The relief sought for by the petitioner seeking permission to be accompanied by an advocate of his choice when he appears before t...

March 26, 2010 853 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 Updates on Fully Accessible Route for Govt Securities

Fema / RBI : RBI updates Fully Accessible Route for non-residents, excluding new 14-year and 30-year government securities from FAR. Existing s...

July 29, 2024 99 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


Revised Guidelines for availment of ECB by non-banking financial companies (NBFCs)

July 8, 2013 1243 Views 0 comment Print

As per the extant guidelines, non-banking financial companies (NBFCs) are allowed to avail of ECB under approval route from multilateral financial institutions, reputable regional financial institutions, official export credit agencies and international banks with minimum average maturity of 5 years to finance import of infrastructure equipment for leasing to infrastructure projects.

Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies

July 4, 2013 1322 Views 0 comment Print

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India had, vide Press Notes 2 and 3 (2009 series) dated February 13, 2009, issued guidelines for calculation of total foreign investment, i.e., direct and indirect foreign investment in Indian companies and for establishment of Indian companies/ transfer of ownership or control of Indian companies from resident Indian citizens to non-resident entities

Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification

July 2, 2013 768 Views 0 comment Print

Freedom currently available to NBFCs to raise funds through NCDs without any restriction has resulted in inadequate resource planning and higher transaction cost. One of the main objectives of the said circular is to promote discipline in resource planning and raising.

Exporter undertaking Project Exports and Service contracts abroad should submit form DPX1, PEX-1 and TCS-1

June 26, 2013 3222 Views 0 comment Print

On a review, it has been decided to increase the time limit and henceforth the exporter undertaking Project Exports and Service contracts abroad should submit form DPX1, PEX-1 and TCS-1 to the Approving Authority (AA) i. e. AD Bank / Exim Bank / Working Group, within 30 days of entering into contract for grant of post-award approval.

External Commercial Borrowings (ECB) Policy – Import of Services, Technical know-how and License Fees

June 26, 2013 258 Views 0 comment Print

The above modifications to the ECB guidelines will come into force with immediate effect. All other aspects of the ECB policy, such as eligible borrower, recognized lender, end-use, all-in-cost ceiling, average maturity period, prepayment, refinancing of existing ECB and reporting arrangements etc. shall remain unchanged.

External Commercial Borrowings (ECB) Policy – Structured Obligations

June 26, 2013 748 Views 0 comment Print

On invocation of such credit enhancement, if the guarantor meets the liability and if the same is permissible to be repaid in foreign currency to the eligible non-resident entity, the all-in-cost ceilings, as applicable to the relevant maturity period of the Trade Credit / ECBs as per extant guidelines, would apply to the novated loan.

Risk Management and Inter Bank Dealings – A.P. (DIR Series) Circular No.121

June 26, 2013 444 Views 0 comment Print

Under the provisions of the said section, AD Category I banks are required to verify on a periodical basis that the forward cover outstanding is supported by underlying exposures. In this context, it is clarified that in case an FII intends to hedge the exposure of one of its sub-account holders, (cf paragraph 4 of schedule 2 to Notification No. FEMA 20/2000-RB dated May 3, 2000) it will be required to produce a clear mandate from the sub-account holder in respect of the latter’s intention to enter into the derivative transaction. Further, the AD Category I banks shall have to verify the mandate as well as the eligibility of the contract vis-a-vis the market value of the securities held in the concerned sub-account.

ECB window for financing outstanding 3G spectrum rupee loans to remain open upto March 31, 2014

June 25, 2013 1090 Views 0 comment Print

As per the extant policy, the payment for spectrum allocation may initially be met out of the Rupee resources by the successful bidders, to be refinanced with a long term ECB, under the approval route, subject to the condition that ECB should be raised within 12 months from the date of payment of the final installment to the Government.

Buyback / Prepayment of FCCBs scheme under the approval route to continue till 31.12.2013

June 25, 2013 742 Views 0 comment Print

Considering the developments in the global financial markets and on a review of the aforesaid scheme, it has been decided that the existing scheme of Buyback / Prepayment of FCCBs under the approval route which expired on March 31, 2013 may be continued till December 31, 2013 and shall stand discontinued thereafter.

Date for raising ECB for working capital for civil aviation sector extended till 31.12.2013

June 25, 2013 394 Views 0 comment Print

In terms of paragraph 2 (iii) of the aforesaid circular, the ECB for working capital for civil aviation sector should be raised within twelve (12) months from the date of issue of the circular. On a review, it has now been decided that the scheme of availing of ECB for working capital for civil aviation sector will continue till December 31, 2013.

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