RBI / FEMA

IntroductionThe question of whether a former officer of a company can be held vicariously liable under the Foreign Exchange Management Act, 1999 ("FEMA") for contraventions committed by the company du...

1. Financing through overseas debtIndian businesses generally raise capital either by way of equity contribution from owners/investors or by borrowing. When an eligible Indian resident entity raises c...

1. Background and Purpose of the 2026 RegulationsThe Reserve Bank of India notified the Foreign Exchange Management (Guarantees) Regulations, 2026 on January 6, 2026. These regulations replace the ear...

In Asha John Divianathan v. Vikram Malhotra [2021] 124 taxmann.com 585 (SC), the Supreme Court held that a foreign national cannot validly enforce a sale, gift or similar transfer of immovable propert...

Background OverviewXYZ Private Limited, an Indian entity exporting engineering goods, has secured a confirmed export contract with a European buyer. To enhance liquidity and manage working capital, XY...

IntroductionIndian enterprises frequently seek to support their overseas subsidiaries or foreign affiliates through various financial arrangements, including loans, investments in debt securities, and...

OverviewForeign Direct Investment (FDI) entails an overseas entity or individual acquiring a significant interest in an Indian enterprise. This acquisition generally represents a strategic business mo...

Recently, the Enforcement Directorate (ED) commemorated its Foundation Day by releasing its Annual Report for the fiscal year 2024-25. During a press conference, the Director of the ED remarked, "Our...

IntroductionABC Ltd., an Indian corporation, has ventured into an Overseas Direct Investment (ODI) by acquiring equity in a foreign business. ABC Ltd. owns 8% of the foreign business's equity shares a...

IntroductionForeign Portfolio Investors (FPIs) have the opportunity to engage in India's equity market following the mandates of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, and...

IntroductionSection 3 of the Foreign Exchange Management Act (FEMA) imposes restrictions on individuals, apart from Authorized Persons, concerning the handling of foreign exchange transactions. Specif...

The Reserve Bank of India (RBI) has initiated a transformative era in the realm of financial autonomy for credit card users. With a groundbreaking regulation effective from March 7, 2024, the RBI has...

Introduction: The Reserve Bank of India (RBI) plays a pivotal role in regulating the currency and credit system of the country to maintain financial stability. As part of its regulatory efforts, RBI i...

Credit cards play a pivotal role in financial transactions, and it’s crucial for users to understand their rights and procedures. This article delves into frequently asked questions (FAQs) related to...

Reserve Bank of India has ushered in a revolutionary tool, the UDGAM Portal, designed to simplify the process of locating unclaimed deposits. The UDGAM Portal emerges as a game-changer, offering indiv...

The Depositor Education and Awareness (DEA) Fund Scheme, 2014, instituted by the Reserve Bank of India (RBI), stands as a significant initiative to address unclaimed deposits and enhance financial awa...

Introduction: The Ministry of Commerce & Industry has unveiled significant changes to the Foreign Direct Investment (FDI) Policy in the space sector. This review, effective from the date of FEMA notif...

In partial modification of instructions contained in Para 4 (B), it has been decided by SBI that the facility of exchange of Rs 2000/- denomination Bank Notes to all members of the public upto a limit...

As we all know that Statutory Bank Branch Audit is a one time task for a particular financial. Also we need to complete the bank audit within limited time so it’s an commendable job on all the charter...

As part of convergence of the Reserve Bank’s regulations for banks with Basel III standards, the Reserve Bank of India has today placed on its website ‘Draft Guidelines for Minimum Capital Requirement...