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...

Master Circular on Foreign Investment in India

Master Circular on Foreign Investment in India Foreign investment in India is governed by sub-section (3) of Section 6 of the Foreign Exchange Management Act,...
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...

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)...

Key FDI Norms–Industry Wise FDI Inflows

Key FDI Norms, Yearwise / ContryWise FDI Details and Sector / Industry Wise FDI Inflows Year-wise details of the proposals for Foreign Direct Investment (FDI)...

External Commercial Borrowings (ECB) Policy – Revised framework

External Commercial Borrowings (ECB) Policy – Revised framework Attention of Authorised Dealer Category – I (AD Cat I) banks is invited toA.P. (DIR Series) Circular...
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...
How You Can Invest in Government Securities via RBI’s Retail Direct Scheme

How You Can Invest in Government Securities via RBI’s Retail Direct Scheme

The Reserve Bank announces the activation of the RBI Retail Direct Scheme with effect from today. The Scheme was launched today in virtual mode...

Government Approves ₹ 981.15 Crore FDI–Major Boost to Hathway Cables

Government approves nearly Rs 981 Crores of FDI Proposal; Hathway's Major Booster - To Increase FDI from existing 49% to 74% Based on the recommendations...

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...
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...

Property Acquisition and Transfers in India: A Guide to FEMA Regulations for NRI/OCI and...

Investing in India's real estate market holds a strong appeal for Non-Resident. However, navigating the acquisition and transfer of immovable property in India can...

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...
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...

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,...

FDI Policy eased for Single Brand Retail, Pharma, Construction, Civil Aviation & Power Exchanges

FDI Policy Eased for Single Brand Retail, Pharma, Construction, Civil Aviation & Power Exchanges THE Union Cabinet today stamped its approval to a number of amendments...

Regulatory Relaxations for Startups- Clarifications relating to Issue of Shares

regulatory Relaxations for Startups- Clarifications relating to Issue of Shares Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management...

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...

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...

Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments

Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments Regulatory relaxations for start-ups - Clarifications relating to acceptance of payments Attention of Authorised Dealer Category-I (AD...

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...
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...

Do You Know What Happens If Your Bank Collapses – Will You Get Your...

Do You Know What Happens If Your Bank Collapses – Will You Get Your Money Back?? By CA Ankit Gulgulia (Jain) You Save Your Money In Banks...But...
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,...

FDI Changes in Real Estate and Construction Sector

FDI Changes in Real Estate and Construction Sector | Radical Changes in FDI Regime in Construction Development Sector CA Ankit Gulgulia (Jain)  Following changes have been made...

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...

New M&A Rules for Foreign Company Applicable w.e.f 13th April, 2017

M&A provisions for foreign company would be effective from April 13, 2017: MCA COMPANIES (COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS) AMENDMENT RULES, 2017 - INSERTION OF RULE...

Exchange facility to foreign citizens – Circular – Dated 3-1-2017 – FEMA

Exchange facility to foreign citizens - Circular - Dated 3-1-2017 - FEMA RBI/2016-17/208 A.P. (DIR Series) Circular No. 24 January 03, 2017 To All Authorised Persons Madam / Sir,   Exchange facility...

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...