Page 2 - Fema

Deduction of interest due to prepayment of usance bill is allowed: Expert

Exporters may approach AD Category-I banks for reduction in invoice value on account of cash discount to overseas buyers for prepayment of the usance bills

Government amends FEMA to enable FDI hike in insurance sector to 74%

Applications for FDI in pvt banks having JVs in insurance sector may be addressed to RBI for consideration in consultation with IRDAI to ensure foreign investment limit of 74% is not breached

Indian promoters likely to give personal guarantee on foreign assets

RBI proposal a departure from current norms under Fema

ED slaps Rs 10,600-crore notice on Flipkart for forex violations

The probe reflects discrepancies in Flipkart's structuring operations, according to the official

ED seizes over Rs 40-crore assets of Pune businessman in FEMA case

Assets worth over Rs 40 crore, including equity and preference shares in three luxury hotels, of Pune-based builder Avinash Bhosale and his family members have been seized by the Enforcement Directorate (ED) in a probe linked to alleged violation of the forex law, the agency said on Monday. "These properties have been seized as equivalent value of foreign securities or properties held by Bhosale and his family members in contravention of the Foreign Exchange Management Act (FEMA), 1999 which provides for seizure of equivalent value, situated in India, of foreign security or immovable properties held outside India," the agency said in a statement. The attached assets are in the form of equity shares and preference shares held in Classic City Investment Pvt Limited, Pune, which owns three luxury hotels in five-star category--Hotel Westin, Pune, Hotel Le Meridien in Nagpur and Hotel W Retreat & Spa located in Goa, it said. Equity shares held in ABIL (Avinash Bhosle Infrastructure ...

Sponsor investments in IFSC AIFs to come under the automatic route

RBI relaxation to allay round tripping concerns associated with sponsor commitment and shorten fund set-up time in IFSC

US President-elect Biden picks familiar faces for top roles at FEMA, CIA

Biden has tapped former CIA deputy director David Cohen to return to the agency in the same role he served during the Obama administration

Delhi HC issues notice to Future, RIL retail arms on Amazon's plea

The Court issued a notice in the matter and listed it for further hearing on February 12

Amazon, Flipkart are violating investment rules: Govt to ED, RBI

This is a significant development related to a war between e-commerce giants and traders of India

ED issues Rs 8.6 cr seizure order against DMK MP for FEMA breach

Gautham Sigamani is the second DMK MP after S Jagathrakshakan to have his assets seized for FEMA violations

Donald Trump says FEMA is prepared to deal with Hurricane Delta

President Donald Trump says the Federal Emergency Management Agency is prepared as Hurricane Delta churns toward the US Gulf Coast

Govt crackdowns on youth and NGOs betray fear of emerging leadership

In the "managed democracy" that India seems to be moving towards, there is space for only a single political vision

Amnesty International halts India operations citing govt witch-hunt

Home ministry hits back, says human rights not an excuse for defying law

ED seizes properties worth Rs 89 cr held by DMK MP and his family

Move follows suspected illegal acquisition of foreign securities by the MP and his kin

ED fines Standard Chartered Rs 100 cr for FEMA breach, penalises two others

TamilNad Mercantile Bank slapped with Rs 17 cr penalty, its former chief told to cough up Rs 35 cr

Overseas direct investment norms to be made simpler, based on principles

The regulator also intends to introduce late submission fee for delayed reporting of overseas direct investments (ODI) by Indian parties and resident Indians

BS READS: Vague gambling law lets offshore betting sites prey on Indians

Gambling is illegal in most parts of India, but British-era laws cover only land-based activities. Internet, with no boundaries, remains a legal grey area for bookmakers and bettors to thrive in

SC allows ED to attach JP Morgan's assets in FEMA violation case

JP Morgan was engaged in transactions with the now-defunct Amrapali Group to allegedly siphon off home buyers money in violation of the Foreign Exchange Management Act (FEMA) and FDI norms

AIF investments in Mauritius, Singapore and Honk Kong under Sebi lens

Regulator rejects overseas investments proposals of funds that fail to meet set parameters

Govt allows Indian public companies to directly list shares overseas

The move will help Indian companies get access to multiple jurisdictions for raising capital, with differing costs and listing conditions, said experts