Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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RBI amends the FEMA Non-Debt Instruments Regulations, 2019 to revise payment and remittance rules for certain equity and pension-related investments. For Schedule III, it specifies that consideration by individual persons resident outside India, including NRIs and OCIs, must be paid through inward remittance or repatriable deposit accounts, and allows sale proceeds of equity instruments, mutual fund units and NPS subscriptions to be remitted abroad or credited to permitted rupee or deposit accounts. For Schedule XI, it restates the payment channels for purchase or subscription of equity shares of Indian companies listed on international exchanges and permits sale proceeds to be remitted abroad or credited to the holder's permitted bank account. It also updates reporting under Form LEC (IFI) for such purchases or transfers on Indian stock exchanges.
RBI amends the FEMA Non-Debt Instruments Regulations, 2019 to revise payment and remittance rules for certain equity and pension-related investments. For Schedule III, it specifies that consideration by individual persons resident outside India, including NRIs and OCIs, must be paid through inward remittance or repatriable deposit accounts, and allows sale proceeds of equity instruments, mutual fund units and NPS subscriptions to be remitted abroad or credited to permitted rupee or deposit accounts. For Schedule XI, it restates the payment channels for purchase or subscription of equity shares of Indian companies listed on international exchanges and permits sale proceeds to be remitted abroad or credited to the holder's permitted bank account. It also updates reporting under Form LEC (IFI) for such purchases or transfers on Indian stock exchanges.
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