RBI vide circular dated September 15, 2022 has Enabled Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments. It has been decided to allow foreign inward remittances received under the Rupee Drawing Arrangement (RDA), to be transferred to the KYC compliant bank account of the biller (beneficiary) through Bharat Bill Payment System (BBPS), through electronic mode, such as, NEFT, IMPS.
It has been decided that the said Circular shall now come into force with effect from April 01, 2025. The Regulated Entities are therefore directed
The rise in phishing attempts impersonating IFSCA employees serves as a timely reminder of the importance of cybersecurity vigilance. Whether you are an individual, a
This initiative aims to streamline co-investment and leverage transactions within International Financial Services Centres (IFSCs). By operationalizing the SPV model, the IFSCA seeks to bolster
The grounds of arrest informed in writing must convey to the arrested accused all basic facts on which he was being arrested so as to
Stay up-to-date with the latest regulatory developments from Legality Alerts, directly in your inbox. Never miss another important regulatory compliance news alert.
Solutions
Resources
