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Tag: RBI


RBI / FEMA Updates : July 2018

Reserve Bank of India (RBI)/Foreign Exchange Management Act, 1999 (FEMA) NOTIFICATIONS Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Amendment)Regulations, 2018, as updated on ...

Single Master form (SMF) for FDI Reporting introduced by RBI

The Reserve Bank of India (RBI) with the objective of integrating the reporting requirements of various types of foreign investment in India, has introduced a single online reporting form known …

Payments Banks Licencing guidelines issued by RBI

The Reserve Bank of India (“RBI”) has issued a new set of guidelines for the set up of a new category of banks to be known as “Payment Banks”, this follows the …

Person of Indian Origin (PIO) Rules Amended

Following the promises made by the honorable Prime Minister, the Ministry for Home Affairs (MHA) has notified two fundamental changes to the PIO card regime. The new scheme shall be …

Uber effects? : RBI cracks down on use of foreign payment gateways

The Reserve bank of India (“RBI”) through a notification issued yesterday (22nd August 2014) has come down strongly on the use of India based credit cards for purchase of goods …