RBI Notifications

21 FAQs on Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016

Fema / RBI - Articles answers 21 FAQs on Pradhan Mantri Garib Kalyan Deposit Scheme 2016 for declarant under Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016...

Read More

Withdrawal of Notes of ₹ 500 & ₹ 1000- Things You must know

Fema / RBI - Salient features of the scheme of Withdrawal of Legal Tender Character from existing series of Bank Notes in the denominations of Rs. 500 and Rs. 1000...

Read More

Forex Facilities including the Liberalised Remittance Scheme (LRS) for Residents – FAQs

Fema / RBI - I. Guidelines on Travel Related Matters. II. Liberalised Remittance Scheme (LRS) of USD 125,000 III. Guidelines for Financial Intermediaries offering special schemes, protection under the Scheme....

Read More

Pre-2005 Series Banknotes – FAQ

Fema / RBI - We are giving below some of the Frequently asked question related to Pre-2005 Series Banknotes to make our readers better understand the issue of Pre-2005 Series Banknotes. 1. What are the pre-2005 series banknotes? The RBI issued Mahatma Gandhi series (MG series) 2005 banknotes in the denomination of Rs. 10,  20,  50,  100, 500 and  ...

Read More

Know Your Customer Guidelines – Faqs

Fema / RBI - What is KYC? Why is it required? Response: KYC means 'Know Your Customer'. It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks’ services are not misused. The KYC procedure is to be completed by the banks while opening accounts and also periodically u...

Read More

Main Features of Sovereign Gold Bond Scheme 2017-18 Series-III

Fema / RBI - Govt has decided to issue Sovereign Gold Bonds 2017-18 – Series-III. Applications for the bond will be accepted from October 09, 2017 to December 27, 2017. The Bonds will be issued on the succeeding Monday after each subscription period....

Read More

Bank notes with writing or ink mark continue to be legal tender: RBI in RTI Reply

Fema / RBI - Bank notes with writing or ink mark on them continue to be legal tender, however, bank notes bearing religious or political messages will not be treated as eligible for exchange as per Note Refund Rules, 2009....

Read More

Features of Sovereign Gold Bonds 2016 -17 – Series IV

Fema / RBI - Government of India, in consultation with the Reserve Bank of India(RBI), has decided to issue Sovereign Gold Bonds 2016-17–Series IV. Applications for the bond will be accepted from February 27, 2017 to March 03, 2017....

Read More

Old demonitised notes can be used to pay Govt Tax, Fees & Penalty

Fema / RBI - Old demonitised 500 & 1000 rupee notes will be accepted for making payments towards fees, charges, taxes and penalties payable to the Central and State Governments including Municipal and local bodies;...

Read More

Pay IT dues in advance at RBI or at authorised bank branches

Fema / RBI - Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date....

Read More

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

Directorate Of Enforcement Vs. Subhash Muljimal Gandhi (Delhi High Court) - Directorate of Enforcement Vs. Subhash Muljimal Gandhi ( Delhi HC)- that interest at the rate of 6% per annum under Rule 8 could have been awarded to the respondent on the seized Indian currency only. The learned Single Judge has however applying the said Rule also awarded interest on the seized fo...

Read More

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

Ketan V. Parekh Vs. Special Director, Directorate of Enforcement and another (Supreme Court of India) - Ketan V. Parekh Vs. Special Director, Directorate of Enforcement and another (Supreme Court)- Ketan Parikh, Kartik Parikh and M/s. Panther Fincap and Management Services Ltd, were imposed a penalty of Rs. 80 Crores, 12 Crores and 40 Crores respectively by the Special Director of Enforcement, Mumbai ...

Read More

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

Binod Kumar Vs State of Jharkhand & Others (Supreme Court of India) - Binod Kumar Versus State of Jharkhand & Others- In the impugned judgment, it is mentioned that the basic allegation is amassing of illicit wealth by various former Ministers, including a former Chief Minister of the State. The money alleged to have been so earned is of unprecedented amounts. However...

Read More

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

Radheshyam Kejriwal Vs. State of West Bengal & ANR. (Supreme Court of India) - Foreign exchange --Contravention of provisions of Act--Liable to prosecution as well as penalty by adjudicating officer--Proceeding before adjudicating officer for acts considered offence--Exoneration in adjudication proceedings--No case for criminal proceedings thereafter on same facts--Foreign Exc...

Read More

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

P. Giribabu Vs. Dy. Director of Enforcement (Madras High Court) - The relief sought for by the petitioner seeking permission to be accompanied by an advocate of his choice when he appears before the Enforcement Directorate in pursuance of the summons issued under section 37 of the Foreign Exchange Management Act, 1999 and recording of statement in the presence of ...

Read More

OTC Government Securities Transaction by FPIs – Settlement Period

RBI/2017-18/97 FMRD.DIRD.05/14.03.007/2017-18 - (16/11/2017) - As announced in paragraph 13 of the Statement on Developmental and Regulatory Policies, of the fourth Bi-monthly Monetary Policy Statement for 2017- 18 dated October 04, 2017, it has now been decided to permit FPIs to settle OTC secondary market transactions in Government Securities either on T+1 or...

Read More

Secondary market transactions in Government Securities – Notional Short Sale

RBI/2017-18/96 FMRD.DIRD.04/14.03.007/2017-18 - (16/11/2017) - In terms of RBI circulars IDMD.PCD.21/14.03.07/2011-12 dated June 21, 2012, and IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011 market participants undertaking ‘notional’ short sale are not permitted to use securities from their HTM/AFS/HFT portfolio for delivery against the short sale....

Read More

Agency Commission for GST receipt transactions

RBI/2017-18/95 DGBA.GBD.No.1324/31.02.007/2017-18 - (16/11/2017) - Please refer to Para 15 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated July 01, 2017 related to claiming of agency commission....

Read More

FEMA (Transfer or Issue of any Foreign Security) Amendment Regulation, 2017

Notification No. FEMA. 369/2017-RB - (14/11/2017) - (i) These Regulations shall be called the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2017. (ii) They shall come into force from the date of their publication in the Official Gazette....

Read More

Banking Facility for Senior Citizens and Differently abled Persons

RBI/2017-18/89 DBR.No.Leg.BC.96/09.07.005/2017-18 - (09/11/2017) - Please refer to Paragraph 8 of Statement on Developmental and Regulatory Policies, released by Reserve Bank of India on October 4, 2017 as part of Fourth Bi-monthly Monetary Policy Statement 2017-18, a copy of which is enclosed....

Read More

Recent Posts in "RBI Notifications"

OTC Government Securities Transaction by FPIs – Settlement Period

RBI/2017-18/97 FMRD.DIRD.05/14.03.007/2017-18 (16/11/2017)

As announced in paragraph 13 of the Statement on Developmental and Regulatory Policies, of the fourth Bi-monthly Monetary Policy Statement for 2017- 18 dated October 04, 2017, it has now been decided to permit FPIs to settle OTC secondary market transactions in Government Securities either on T+1 or on T+2 basis. It may be ensured that al...

Read More

Secondary market transactions in Government Securities – Notional Short Sale

RBI/2017-18/96 FMRD.DIRD.04/14.03.007/2017-18 (16/11/2017)

In terms of RBI circulars IDMD.PCD.21/14.03.07/2011-12 dated June 21, 2012, and IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011 market participants undertaking ‘notional’ short sale are not permitted to use securities from their HTM/AFS/HFT portfolio for delivery against the short sale....

Read More

Agency Commission for GST receipt transactions

RBI/2017-18/95 DGBA.GBD.No.1324/31.02.007/2017-18 (16/11/2017)

Please refer to Para 15 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated July 01, 2017 related to claiming of agency commission....

Read More

FEMA (Transfer or Issue of any Foreign Security) Amendment Regulation, 2017

Notification No. FEMA. 369/2017-RB (14/11/2017)

(i) These Regulations shall be called the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2017. (ii) They shall come into force from the date of their publication in the Official Gazette....

Read More

Banking Facility for Senior Citizens and Differently abled Persons

RBI/2017-18/89 DBR.No.Leg.BC.96/09.07.005/2017-18 (09/11/2017)

Please refer to Paragraph 8 of Statement on Developmental and Regulatory Policies, released by Reserve Bank of India on October 4, 2017 as part of Fourth Bi-monthly Monetary Policy Statement 2017-18, a copy of which is enclosed....

Read More

Directions on Managing Risks & Code of Conduct in Outsourcing of Financial Services by NBFCs

RBI/2017-18/87 DNBR.PD.CC.No.090/03.10.001/2017-18 (09/11/2017)

In exercise of the powers conferred under Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India after being satisfied that it is necessary and expedient in the public interest so to do and with a view to put in place necessary safeguards applicable to outsourcing of activities by NBFCs, hereby issues the Direction...

Read More

Latest Law on Transfer or Issue of Security by a Person Resident Outside India

Notification No. FEMA 20(R)/2017-RB (07/11/2017)

These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017....

Read More

Introduction of Legal Entity Identifier for large corporate borrowers

RBI/2017-18/82 DBR.No.BP.BC.92/21.04.048/2017-18 (02/11/2017)

The Legal Entity Identifier (LEI) code is conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis. LEI is a 20-digit unique code to identify parties to financial transactions worldwide....

Read More

Permission to resident / non-resident entities to hedge transactions with simple Procedures

Notification No. FEMA. 388/2017-RB (24/10/2017)

Notwithstanding anything contained in paras 4, 5, 5A and 5B, resident entities with foreign currency exposures and non- resident entities with rupee exposures, other than individuals, may hedge underlying exchange rate risk arising out of transactions permitted under Foreign Exchange Management Act, 1999...

Read More

RBI clarifies that linking Aadhaar to bank accounts is mandatory

Press Release: 2017-2018/1089 (21/10/2017)

Some news items have appeared in a section of the media quoting a reply to a Right to Information Act application that Aadhaar number linkage with bank accounts is not mandatory....

Read More
Page 1 of 18812345...102030...Last »

Browse All Categories

CA, CS, CMA (3,524)
Company Law (3,466)
Custom Duty (6,673)
DGFT (3,500)
Excise Duty (4,051)
Fema / RBI (3,292)
Finance (3,499)
Income Tax (25,341)
SEBI (2,758)
Service Tax (3,288)

Search Posts by Date

November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930