FEMA News

India: FEMA Regulations And FDI Policy:

India: FEMA Regulations And FDI Policy:

The proposed transferee, the Non-resident, is eligible to hold such shares under FEMA regulations as amended from time to time;; The gift value does not exceed 5 per cent of the paid-up capital of the Indian company;; The applicable sectoral cap limit ...

FEMA case: HC rejects Srinivasan plea against ED

FEMA case: HC rejects Srinivasan plea against ED

CHENNAI: More than nine years after the BCCI conducted its IPL-2 season in South Africa, Madras high court has refused to interfere with the Enforcement Directorate (ED) proceedings for Foreign Exchange Management Act (FEMA) violations. ... against the ...

HC relief to NDTV; asks RBI to consider its compounding pleas under FEMA

HC relief to NDTV; asks RBI to consider its compounding pleas under FEMA

Mumbai, Jun 26 () The Bombay High Court today directed the Reserve Bank of India (RBI) to consider the compounding applications filed by news organisation NDTV in a case of alleged violation of the Foreign Exchange Management Act (FEMA). A bench of ...and more »

India: Annual Return On Foreign Liabilities And Assets (FLA) – Applicable On LLPs

India: Annual Return On Foreign Liabilities And Assets (FLA) – Applicable On LLPs

FEMA 20/2000-RB and Notification No. FEMA 24/2000-RB both dated May 3, 2000 by the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 (Regulations 2017). Regulations 2017, inter-alia, ...

India: RBI Introduces A Single Master Form To Report All Foreign Investment Received By Indian Entities

India: RBI Introduces A Single Master Form To Report All Foreign Investment Received By Indian Entities

These forms are currently required to be filed in relation to foreign investment in India, under the Foreign Exchange Management Act, 1999 ("FEMA") and the regulations made there under. However, the format of these forms appears to have been simplified ...

Succession planning for American residents looking to reside in India

Succession planning for American residents looking to reside in India

A USA citizen resident in India will also have to consider foreign exchange rules set out under the Foreign Exchange Management Act and the regulations and rules under it (FEMA). The implications of the interplay between FEMA and taxation laws in India ...

India: RBI's Single Reporting Form - June 2018

India: RBI's Single Reporting Form - June 2018

This form will be hosted on RBI's website from June 28 till July 12, 2018, and defaulting companies shall be considered in breach of the Foreign Exchange Management Act ("FEMA") as well as cannot submit SMF in future when reporting obligation arises.

RBI likely to extend deadline for filing of single master form

RBI likely to extend deadline for filing of single master form

New Delhi: Faced with a technical snag, the Reserve Bank of India is likely to extend the deadline for filing of a single master form—that seeks to consolidate all foreign investment received by Indian firms. Many firms have been unable to file ...

FERA violation: Madras HC dismisses plea moved by former BCCI president N Srinivasan assailing ED proceedings

FERA violation: Madras HC dismisses plea moved by former BCCI president N Srinivasan assailing ED proceedings

... for Cricket in India (BCCI) president N Srinivasan's plea challenging the Enforcement Directorate (ED) action against the BCCI for the alleged violation of the provisions of the Foreign Exchange Management Act (FEMA) during the IPL - season 2 ...

Political parties must act in a manner that doesn't let public think ED, CBI, RBI are their puppets: Bombay HC

Political parties must act in a manner that doesn't let public think ED, CBI, RBI are their puppets: Bombay HC

MUMBAI: "The political parties, in power and in opposition, ought to know that just as defence forces, police and the judiciary, it is important that these institutions-Enforcement Directorate, Central Bureau of Investigation and Reserve Bank of India ...