FEMA : Master Circular on External Commercial Borrowings and Trade Credits

Master Circular No.09/2011-12 (Updated as on 20-1-2012), dated 1-7-2011 External Commercial Borrowings and Trade Credits availed of by residents are governed by clause (d) of...

A-Z OF Liaison OFFICE IN INDIA

Establishment of Branch/Liaison/Project Offices in India is regulated in terms of Section 6(6) of Foreign Exchange Management Act, 1999 read with Notification No. FEMA...

I Want To Sell My House In USA And Move To India. What Are...

I have been working in USA for more than 12 years and now my family and me are moving back to India for good this...
RBI restricts access to credit data of consumers

RBI restricts access to credit data of consumers

BENGALURU | MUMBAI: The Reserve Bank of India has ordered commercial banks and non-banking lenders to stop providing unregulated entities access to consumer data...
Revised Bank Locker Guidelines w.e.f 1st January, 2022

Revised Bank Locker Guidelines w.e.f 1st January, 2022

RBI/2021-2022/86 DOR.LEG.REC/40/09.07.005/2021-22 August 18, 2021 All Scheduled Commercial Banks (including RRBs) All Co-operative Banks All Small Finance Banks All Payments Banks All Local Area Banks Madam/Sir, Safe Deposit Locker/Safe...
RBI Allows Tokenization of Card Transaction - What Does it Mean to you?

RBI Allows Tokenization of Card Transaction – What Does it Mean to you?

The Reserve Bank of India has allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of the digital payments ecosystem in the country. By...
FDI Eased for Contract Manufacturing, Single Brand Retails & Digital Media

FDI Eased for Contract Manufacturing, Single Brand Retails & Digital Media

Cabinet approves proposal for Review of FDI policy on various sectors The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the...
Government allows 100% FDI in coal mining

Government allows 100% FDI in coal mining

Union Minister of Railways and Commerce Piyush Goyal announced the approval of 100 per cent Foreign Direct Investment (FDI) in coal mining and associated infrastructure while...

All About Project / Branch & Liaison Office in India

Q.1. How can foreign companies open Liaison /Branch office in India?Liaison office RBI, FEMA, Branch office, Project office Ans. As enlisted below: registration RBI, Register Liaison...
LEI Mandatory above 50 Cr

LEI Now Mandatory Above 50 Cr of Foreign Transactions

The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide to improve the quality and accuracy...
Money

India received $81.7 billion FDI in FY21

India received $81.72 billion foreign direct investment (FDI) in FY21, the highest ever and 10% more than what was received in the year before,...

FEMA :- Compounding of Contraventions

General 1.1 In terms of Section 13(1) , Chapter IV of FEMA 1999, if any person contravenes any provision of FEMA, 1999, or...
Cryptocurrency

RBI’s notification to banks and other regulated entities, what will be the future of...

The Reserve Bank of India on Monday issued a statement that banks and other regulated entities can not cite its April 2018 order on virtual currencies...
Central Bank Digital Currency (CDSC) is the Future of Digital Money in India

Central Bank Digital Currency (CDSC) is the Future of Digital Money in India

Introduction The idea of “Central Bank Digital Currencies” (CBDC) is not a recent development. Some attribute the origins of CBDCs to Nobel laureate James Tobin2,...

Software Export – Filing of bulk SOFTEX–Further Liberalisation

Software Export – Filing of bulk SOFTEX-further liberalisation RBI/2015-16/231 | A.P. (DIR Series) Circular No.27 | November 05, 2015 Attention of Authorised Dealers is invited to A.P. (DIR...

Increase in the limit from USD 75,000 to USD 125,000 – Liberalised Remittance Scheme...

Much to the relief of several citizens who have been benefiting from the Liberalised Remittance scheme (LRS) now the RBI has increased the limit...

Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015

Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015   Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Possession and Retention...
FDI

New rules under Insurance Act to enhance FDI limit in Insurance

Indian promoters of insurance joint ventures with foreign partners will no longer be able to nominate a majority of the board members, as per...
BTC

India must standardize cryptocurrency that deals with FEMA compliances, investors identity and other legal...

13 years after being invented by Satoshi Nakamoto, Bitcoin(BTC) is bigger than ever in 2021. The combined market cap of cryptocurrencies has been on...

FEMA (Transfer / Issue of Security by PROI) Regulations Amendment – 2015

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2015 - 334/2015-RB - Dated 9-1-2015 - Foreign...

Foreign Exchange Management (Export and Import of Currency) Regulations, 2015

Foreign Exchange Management (Export and Import of Currency) Regulations, 2015   Attention of Authorised Persons is invited to Foreign Exchange Management (Export and Import of Currency)...

Foreign Exchange Management (Remittance of Assets) Regulations, 2016

Foreign Exchange Management (Remittance of Assets) Regulations, 2016 - 13 (R)/2016-RB - Dated 1-4-2016 - Foreign Exchange Management RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai,...

19 Countries Which Give Citizenship Based on Investment for Indians

As India does not allow dual citizenship, India's investment migration market is primarily centred around residence-by-investment programs. Up until a few years ago, India's market...

Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015

Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015   Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Realisation, repatriation...

Liberalized Scheme– No Requirement for RBI Reporting

RBI/2013-14/222 - A.P. (DIR Series) Circular No.32 clarified that :- Q. Can resident individuals make remittances under LRS for investments in immovable properties abroad which...

New Sectoral Caps & Entry Routes in Broadcasting Sector

New Sectoral Caps & Entry Routes in Broadcasting Sector FDI policy on Broadcasting sector has also been amended. New sectoral caps and entry routes are...

FDI Policy Conditionalities for Single Brand Retail Trading and Permitting 100% FDI in Duty...

Review of FDI Policy Conditionalities for Single Brand Retail Trading and Permitting 100% FDI in Duty Free Shops (i) Extant FDI policy on SBRT mandates...

Key FDI Liberalization Reforms–A Detailed Note

Key FDI Liberalisation Reforms on Construction, Defence, Air Transport, LLP’s, Single Brand Retail, Manufacturers, Banking, Broadcasting etc Subject: Review of Foreign Direct Investment (FDI) policy...

Payment of agency commission – Certification of claims by external auditors Amended

Payment of agency commission – Certification of claims by external auditors RBI/2015-16/233 | DGBA.GAD.No. 1636/31.12.010/2015-16 | November 10, 2015 Please refer to our circulars DGBA.GAD.No.2528/31.12.010(C)/2012-13 and DGBA ....

Revise Norms for NBFC factor firms: RBI

Revise Norms for NBFC firms: RBI The Reserve Bank of India (RBI) on Thursday came out with clarifications for NBFC factor companies to remove any...