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Showing posts with label RBI FEMA others. Show all posts
Showing posts with label RBI FEMA others. Show all posts
Wednesday, March 16, 2011

RBI's Annual Return extends beyond FDI & ODI to Foreign Assets & Liabilities, capturing reverse investments & info based on OFBV valuation

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New Annual Return on Foreign Assets & Liabilities To be filed with RBI on or before 15 th July every year Replacing the erstwhile r...
3 comments:
Monday, January 3, 2011

Learnlabz on FEMA for Company Secretary exam revision (CS Executive & Professional Program), understand Foreign Exchange Management Act, 1999

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Learnlabz distributed Company Secretary Exam revision DVD’s outside CS Exam Centres at Chennai and it was nice to get students reviews out o...
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Monday, August 23, 2010

FEMA Contravention clarification, whether technical/minor is what RBI has to decide and not on own motion or on basis of external advice BUT in nature of interest, apply compounding @ earliest opportunity & how to enter into composition

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RBI clarifies on compounding of contraventions under Foreign Exchange Management Act (FEMA), 1999 The Reserve Bank of India has clarified ...
Saturday, August 7, 2010

Issue or Transfer of shares under FEMA: No more CCI guidelines pricing but Discounted Cash Flow technique for valuation: certification by Merchant banker/Chartered Accountant

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Issue of shares (a) After issue of shares (including bonus and shares issued on rights basis) and shares issued under ESOP)/ convertible d...
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Thursday, August 5, 2010

Violated Foreign Exchange laws: on becoming aware of the contravention, disclose it to RBI to save huge penalty of 2 lakhs or 3 times the amount involved in transaction [Compounding Master Circular]

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It has been decided to put in place an updated procedure for compounding of contravention/s under FEMA on the basis of observations made ove...
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Within 12 months of Export of Goods and Software, Realise & Repatriate export Proceeds till 31st March 2011 now with Master Circular

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Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation as per A.P. (DIR Series) Circular No.57 date...

No surrender of the proportionate export incentives under FTP Export Schemes even if proceeds are not realised within 6/12 months

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Export of Goods and Services - Unrealised export bills –Write-off - Surrender of export incentives Attention of Authorised Dealer Categ...
Wednesday, July 7, 2010

Download FEMA Master Circulars on FDI/ODI, etc...issued by RBI & updated on 1st July of every year 2010 with foreign exchange law of India up to date

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  Note:   Master Circulars are a one-point reference of instructions issued by the...
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Tuesday, May 25, 2010

Money laundering transaction records & definition of beneficial owner in Amendment Rules 2010 - RBI

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Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and ...
Monday, May 24, 2010

NBFC investment in Joint Venture or subsidiary abroad shall 'No Objection' (NoC) of the Department of Non-Banking Supervision of RBI

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Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI Please refer to Regulation No. 7 of the Foreign Exchange Management (Tr...

ECB by IFC now under Automatic route UPTO 50% of owned funds, RBI

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As a measure of liberalisation of the existing procedures, it has been decided to permit the IFCs to avail of ECBs, including the outstandin...
Monday, May 17, 2010

No Ministry of Commerce approval is required for Royalty/Lumpsum payment above 5%/8% - RBI Current Account Transaction Amendment

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In continuation of Press Note 8 issued by DIPP with effect from 16.12. 2009 that No limits for royalty/lumpsum payment in FEMA under Current...
Wednesday, May 5, 2010

USD 3000 foreign visits abroad, USD 5000 to Iran/Iraq, Libya, Russia & Republics of Commonwealth of Independent States - RBI FEMA currency limits

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Release of Foreign Exchange for Visits Abroad – Currency Component Attention of Authorised Persons in foreign exchange is invited to A.P...

NBFC requires RBI NoC for overseas direct investment (ODI) in Joint Ventures or wholly owned subsidiary (JV/WoS) abroad

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Instances have been observed where Non Banking Finance Companies (NBFCs) have made overseas investments without regulatory clearance of the ...
Tuesday, April 6, 2010

New definition of PIO includes Mother & Grandmother for FEMA, RBI notification as per Immovable Property Second Amendment 2009

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Purchase of Immovable Property in India by Persons of Indian Origin (PIOs) – Amendment of the definition The term PIO is defined under For...
Friday, April 2, 2010

DIPP Consolidated FDI Policy Circular 1 of 2010 wef 1st April and all Press Notes repealed, the legal edifice is built on FEMA RBI notifications (Master)

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The system of periodic consolidation and updation of Indian Foreign Direct investment (FDI) Policy issued by Department of Industrial Policy...
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Changes in Automatic Route Sectoral Cap under FEMA FIPB & treatment of additional foreign investments - Press Note 1 2010

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Government Route (ie) prior approval of Government of India shall be considered by Foreign Investment Promotion Board (FIPB), under Departme...

ODI under Automatic route for participating in Submarine Cable Systems consortium subject to FEMA online filing & other conditions

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In general, Overseas Direct Investments (ODI) shall not 400% cent of the net worth of the Indian company, under the automatic route. Now, ...
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Wednesday, March 31, 2010

India's 1st IDR issue: Stan Chart abroad has filed draft offer document with SEBI to raise money through BSE/NSE, with FAQ's & other provisions

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INDIA has developed as a brand when it comes to Securities Market, even think of technologies, regulator, etc…which is time & again prov...
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