FEMA – INSHIGHTS ON FEMA VIOLATION
FEMA – INSHIGHTS ON FEMA VIOLATION Important judgment – Madras Hight Court Challenging ED’s Show Cause Notice for Alleged FEMA Violation – reasonable time for initiating proceedingsย ๐๐ฒ๐ ๐ฃ๐ผ๐ถ๐ป๐: Court addressed writ petitions challenging complaints and show cause notices related to alleged ๐๐ถ๐ผ๐น๐ฎ๐๐ถ๐ผ๐ป๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ผ๐ฟ๐ฒ๐ถ๐ด๐ป ๐๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ ๐ ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐ ๐๐ฐ๐ (FEMA) and TISPRO. The ED initiated […]
Liberalised Remittance Scheme(LRS)
Liberalised Remittance Scheme(LRS) The Reserve Bank of India (RBI) introduced the Liberalised Remittance Scheme (LRS) on February 4, 2004. Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial for any permissible current or capital account transaction or a combination of both. The Scheme […]
Foreign Exchange (Compounding Proceedings) Rules, 2024
Foreign Exchange (Compounding Proceedings) Rules, 2024 Department of Economic Affairs notifies Foreign Exchange (Compounding Proceedings) Rules, 2024 in pursuance of Union Budget 2024-25 announcements. These Rules supersede the Foreign Exchange (Compounding Proceedings) Rules, 2000. New amendments will simplify and update the provisions towards โease of investmentโ and โease of doing business. In pursuance of the […]
ODI & FDI -FEMA /RBI
ODI & FDI- FEMA/ RBI (OVERSEAS AND FOREIGN DIRECT INVESTMENT) RBI/ FEMA- Investments made from India and into India–ODI/ FDI Considering the severe penalties on procedural lapses and strict interpretation of foreign exchange laws by the judiciary, one which has a close connection commercially with India such as Mauritius, Singapore, or Dubai, the ODI and […]
FFMC LIENCE UNDER FEMA -RBI
SINCE THE INITIATION OF THE ECONOMIC LIBERALISATION PROCESS IN 1991, BUSINESS BOUNDARIES ARE DISAPPEARING VERY FAST AND THE WORLD, BECOMING ONE MARKET PLACE, PROFESSIONAL AVENUES HAVE OPENED UP BOTH FOR DOMESTIC AND OVERSEAS CLIENTS. THERE IS AMPLE OPPORTUNITIES AND SCOPE FOR CAS UNDER THE FOREIGN EXCHNAGE MANAGEMENT ACT (FEMA). MONEY CHANGING ACTIVITIES -FEMA The objective […]