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    August 4, 2026   Case LawsFEMA
    Proof of software import is essential for foreign-exchange remittances, and responsible officers may incur vicarious FEMA liability.
    August 4, 2026   Case LawsFEMA
    FEMA compliance turns on valid approval, substantive escrow arrangements, officer due diligence, and residential status for repatriation duties.
    August 3, 2026   Case LawsFEMA
    Vicarious liability for export proceeds arose from assigned transaction responsibility, while FEMA civil penalty required no mens rea.
    July 31, 2026   Case LawsFEMA
    Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
    July 30, 2026   Case LawsFEMA
    Penalty discretion under FEMA remains intact where a reasoned order is supported by evidence and inadequacy is unproven.
    July 25, 2026   Case LawsFEMA
    Inherent jurisdiction, mandatory FERA notice and speedy-trial protections required quashing of prolonged criminal proceedings.
    July 23, 2026   Case LawsFEMA
    Discretionary confiscation under FEMA requires a reasoned factual exercise and is not automatic alongside monetary penalties.
    July 20, 2026   CircularsFEMA
    Special Rupee Vostro Accounts enable INR trade settlement and permissible cross-border transactions under consolidated operational instructions.
    July 13, 2026   Case LawsFEMA
    Director liability under FEMA needs proof of responsibility for business; mere designation cannot sustain penalty.
    July 11, 2026   Case LawsFEMA
    Deferred import payments treated as foreign exchange borrowing, with directors liable and civil penalty upheld under FEMA.
    July 11, 2026   Case LawsFEMA
    FEMA reporting breach and director liability upheld, while penalties were reduced on proportionality grounds despite later circular plea
    July 6, 2026   Case LawsFEMA
    Foreign exchange contraventions under FEMA: import remittances sustained, but overlapping penalties on attorney holder deleted
    July 4, 2026   Case LawsFEMA
    Vicarious liability for export-proceed penalties requires proof that a director was responsible for company business at contravention.
    June 29, 2026   CircularsFEMA
    FEMA circular review withdraws obsolete directions superseded by later regulatory amendments and overlap under the revised framework.
    June 27, 2026   Case LawsFEMA
    FEMA contravention does not automatically void a sale; challenge was barred, while ancestral partition survived.
    June 26, 2026   CircularsFEMA
    FEMA reporting rules rationalised: revised FLM-8, quarterly franchisee disclosures, and several returns discontinued
    June 26, 2026   CircularsFEMA
    Open position computation for AD Cat-I banks excludes hedged FCNR(B) and foreign borrowing transactions under revised RBI directions.
    June 24, 2026   NotificationsFEMA
    Compounding of Foreign Contribution offences revised with updated officers, monetary formulas, and non-reopening of closed cases.
    June 24, 2026   NotificationsFEMA
    FCRA registration rules tightened with new key functionary, purpose, utilisation, and disclosure requirements for associations.
    June 23, 2026   NotificationsFEMA
    SNRR account rules expanded to cover IFSC branches, transfer pathways, and purpose-based non-resident transactions.
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    All› FEMA - Foreign Exchange Management
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    August 4, 2026   Case Laws FEMA
    Proof of software import is essential for foreign-exchange remittances, and responsible officers may incur vicarious FEMA liability.
    August 4, 2026   Case Laws FEMA
    FEMA compliance turns on valid approval, substantive escrow arrangements, officer due diligence, and residential status for repatriation duties.
    August 3, 2026   Case Laws FEMA
    Vicarious liability for export proceeds arose from assigned transaction responsibility, while FEMA civil penalty required no mens rea.
    July 31, 2026   Case Laws FEMA
    Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained breaches.
    July 30, 2026   Case Laws FEMA
    Penalty discretion under FEMA remains intact where a reasoned order is supported by evidence and inadequacy is unproven.
    July 25, 2026   Case Laws FEMA
    Inherent jurisdiction, mandatory FERA notice and speedy-trial protections required quashing of prolonged criminal proceedings.
    July 23, 2026   Case Laws FEMA
    Discretionary confiscation under FEMA requires a reasoned factual exercise and is not automatic alongside monetary penalties.
    July 20, 2026   Circulars FEMA
    Special Rupee Vostro Accounts enable INR trade settlement and permissible cross-border transactions under consolidated operational instructions.
    July 13, 2026   Case Laws FEMA
    Director liability under FEMA needs proof of responsibility for business; mere designation cannot sustain penalty.
    July 11, 2026   Case Laws FEMA
    Deferred import payments treated as foreign exchange borrowing, with directors liable and civil penalty upheld under FEMA.
    July 11, 2026   Case Laws FEMA
    FEMA reporting breach and director liability upheld, while penalties were reduced on proportionality grounds despite later circular plea
    July 6, 2026   Case Laws FEMA
    Foreign exchange contraventions under FEMA: import remittances sustained, but overlapping penalties on attorney holder deleted
    July 4, 2026   Case Laws FEMA
    Vicarious liability for export-proceed penalties requires proof that a director was responsible for company business at contravention.
    June 29, 2026   Circulars FEMA
    FEMA circular review withdraws obsolete directions superseded by later regulatory amendments and overlap under the revised framework.
    June 27, 2026   Case Laws FEMA
    FEMA contravention does not automatically void a sale; challenge was barred, while ancestral partition survived.
    June 26, 2026   Circulars FEMA
    FEMA reporting rules rationalised: revised FLM-8, quarterly franchisee disclosures, and several returns discontinued
    June 26, 2026   Circulars FEMA
    Open position computation for AD Cat-I banks excludes hedged FCNR(B) and foreign borrowing transactions under revised RBI directions.
    June 24, 2026   Notifications FEMA
    Compounding of Foreign Contribution offences revised with updated officers, monetary formulas, and non-reopening of closed cases.
    June 24, 2026   Notifications FEMA
    FCRA registration rules tightened with new key functionary, purpose, utilisation, and disclosure requirements for associations.
    June 23, 2026   Notifications FEMA
    SNRR account rules expanded to cover IFSC branches, transfer pathways, and purpose-based non-resident transactions.

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      FEMA

      AD Cat-I banks must exclude positions arising from hedged...

      Open position computation for AD Cat-I banks excludes hedged FCNR(B) and foreign borrowing transactions under revised RBI directions.

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      FEMAJune 26, 2026Circulars
      AD Cat-I banks must exclude positions arising from hedged transactions linked to FCNR(B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings when computing net overnight open position. The circular partially modifies the earlier NOP-INR directions and requires continued compliance with the June 2026 swap-facility circulars, the March 2026 circular on open positions, and the Master Direction on Risk Management and Inter-Bank Dealings. The clarification is issued under FEMA and operates without prejudice to any approvals required under other laws.
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