RBI raises investment limit for foreign portfolio investor’s investment in debt.

The Reserve Bank of India vide notification dated 23rd January 2020 has raised the investment limit for FPIs investment through the Voluntary Retention Route. Only those FPI registered with SEBI are eligible to participate in …

RBI permits Authorized Dealers Category – I banks to voluntarily undertake user and Inter-Bank transactions beyond onshore market hours.

The Reserve Bank of India(RBI) has vide Notification dated January 6, 2020, has issued amendment to Master Direction on Risk Management and Inter Bank Dealings. The amendment seeks to Permit Authorized Dealers Category – I …

RBI allows Financial Institutions to Conduct Business in Indian National Rupee in IFSC.

The Reserve bank of India vide Foreign Exchange Management (International Financial Services Centre) (Amendment) Regulations, 2020 permits the financial institutions or a branch of a financial institution to, with express permission of RBI, conduct such …

Ministry of Finance amends norms on transfer of equity instrument of an Indian company by an FPI

The norms on Transfer of equity instruments of an Indian company by FPI has been amended under Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2019.

RBI issues Foreign Exchange Management (Deposit) (Third Amendment) Regulations, 2019

The Reserve Bank of India has issued The Foreign Exchange Management (Deposit) (Third Amendment) Regulations, 2019 vide Notification dated 13 November 2019. The RBI has relaxed the procedural constraints for operating an Special Non Resident …

RBI proposes new steps to promotion of digital payment

The RBI has issued a press release on November 8, 2019, which reports a phenomenal increase in E-payments in India, a substantial portion of which is through National Electronic Funds Transfer (NEFT) and Unified Payments …

The RBI has issued Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019

The RBI has issued Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019. The Regulations provides the mode for payment and remittance of sale proceeds for each Non-debt instruments issued in …

Incorporation of new para in the Foreign Trade Policy 2015-20 about cases referred to National Company Law Tribunal (NCLT)

A new para 2.15A has been inserted in chapter 2 of Foreign Trade Policy 2015-20 about the cases referred to the National Company Law Tribunal

Central government enlists Debt and Non-debt instruments under FEMA

The Ministry of Finance in its notification dated 16th October 2019, has enlisted an exhaustive list of Non Debt instruments. All other instruments are deemed to be Debt instruments. A non-exhaustive list of debt instruments …

RBI issued directions on deposit by issue of commercial paper

The Reserve bank of India through its notification dated 16th August, 2019 has issued directions relating to accepting of deposit by issue of commercial paper.  Regulation 6 speaks about acceptance of deposits by person other …