Mechanical approval under search assessment law vitiates assessments when sanction lacks application of mind; retrospective curative provision cannot ...
Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
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RBI has reviewed FEMA circulars issued since 1 June 2000 and is withdrawing those listed in the annex because they have ceased to be operative due to later amendments, redundancy, overlap, or supersession by newer directions. Authorised Persons are asked to inform their constituents of the withdrawal. The circular is issued under FEMA and states that it is without prejudice to any permissions or approvals required under other laws.
RBI has reviewed FEMA circulars issued since 1 June 2000 and is withdrawing those listed in the annex because they have ceased to be operative due to later amendments, redundancy, overlap, or supersession by newer directions. Authorised Persons are asked to inform their constituents of the withdrawal. The circular is issued under FEMA and states that it is without prejudice to any permissions or approvals required under other laws.
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