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    December 28, 2022   Case LawsFEMA
    Court Lacks Jurisdiction on Foreign Decree Execution; UK Summary Judgment Not Recognized Locally, Denying Defense Unjust.
    December 14, 2022   Case LawsFEMA
    Directors Can Be Held Liable for Company Offences Under FEMA Unless They Prove Otherwise.
    December 1, 2022   Case LawsFEMA
    High Court Dismisses Appeals: Petitioner Must Use Section 37A(5) FEMA Act Before Approaching Under Article 226.
    November 29, 2022   Case LawsFEMA
    Appointment of Adjudicating Authority Required for FERA Offences u/s 49(3) of FEMA; Proper Authorization Essential.
    September 28, 2022   Case LawsFEMA
    FEMA Case: Show Cause Notice Must Clearly Define Scope for Charges on Foreign Property Transactions and Repatriation Issues.
    September 20, 2022   Case LawsFEMA
    Court Rules Delay in Filing Annual Return Under FCR Act is an Offense Despite Statute Heading Interpretation.
    August 31, 2022   Act RulesFEMA
    India Raises Foreign Borrowing Limit for Individuals to USD 1500 Million Until December 31, 2022, per Regulations 4 & 6.
    August 27, 2022   Case LawsFEMA
    Banks Not Required to Keep Transaction Records Over 8 Years; Notices for Older Transactions Unfair, Unreasonable.
    July 23, 2022   Case LawsFEMA
    Petitioners Not Liable for FEMA Contraventions After Compounding Orders Issued, Despite Timing Gap.
    July 20, 2022   Case LawsFEMA
    Alternate Remedies for FEMA Section 4 Violations: Competent Authority to Decide u/s 37-A(3) Without Judicial Interference.
    July 11, 2022   CircularsFEMA
    India-Sri Lanka Trade Transactions Can Be Settled in Any Permitted Currency Outside ACU Until Further Notice.
    July 11, 2022   CircularsFEMA
    FPIs receive exemptions on specific debt investments, easing short-term limits to boost market liquidity under FEMA.
    June 10, 2022   CircularsFEMA
    Foreign Exchange Management Act 1999: No More Returns for Guarantees from Non-Residents, Easing Cross-Border Compliance Burden.
    June 4, 2022   Case LawsFEMA
    High Court Upholds Penalty Under FERA for Non-Realization of Export Payment Due to Buyer's Bankruptcy in France.
    May 26, 2022   CircularsFEMA
    IFSCA Issues New Guidelines for Gold Import by Qualified Jewellers to Enhance Compliance and Transparency in Financial Sector.
    May 6, 2022   CircularsFEMA
    Exim Bank of India Grants $190M Credit Line to SBM for Mauritius Infrastructure Projects.
    April 13, 2022   NotificationsFEMA
    Amendment to FEMA Rules 2022: Streamlining Foreign Investment in Non-Debt Instruments for Better Compliance and Transactions.
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    Highlights
    All› FEMA - Foreign Exchange Management › FEMA - Foreign Exchange Management - 2022
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    December 28, 2022   Case Laws FEMA
    Court Lacks Jurisdiction on Foreign Decree Execution; UK Summary Judgment Not Recognized Locally, Denying Defense Unjust.
    December 14, 2022   Case Laws FEMA
    Directors Can Be Held Liable for Company Offences Under FEMA Unless They Prove Otherwise.
    December 1, 2022   Case Laws FEMA
    High Court Dismisses Appeals: Petitioner Must Use Section 37A(5) FEMA Act Before Approaching Under Article 226.
    November 29, 2022   Case Laws FEMA
    Appointment of Adjudicating Authority Required for FERA Offences u/s 49(3) of FEMA; Proper Authorization Essential.
    September 28, 2022   Case Laws FEMA
    FEMA Case: Show Cause Notice Must Clearly Define Scope for Charges on Foreign Property Transactions and Repatriation Issues.
    September 20, 2022   Case Laws FEMA
    Court Rules Delay in Filing Annual Return Under FCR Act is an Offense Despite Statute Heading Interpretation.
    August 31, 2022   Act Rules FEMA
    India Raises Foreign Borrowing Limit for Individuals to USD 1500 Million Until December 31, 2022, per Regulations 4 & 6.
    August 27, 2022   Case Laws FEMA
    Banks Not Required to Keep Transaction Records Over 8 Years; Notices for Older Transactions Unfair, Unreasonable.
    July 23, 2022   Case Laws FEMA
    Petitioners Not Liable for FEMA Contraventions After Compounding Orders Issued, Despite Timing Gap.
    July 20, 2022   Case Laws FEMA
    Alternate Remedies for FEMA Section 4 Violations: Competent Authority to Decide u/s 37-A(3) Without Judicial Interference.
    July 11, 2022   Circulars FEMA
    India-Sri Lanka Trade Transactions Can Be Settled in Any Permitted Currency Outside ACU Until Further Notice.
    July 11, 2022   Circulars FEMA
    FPIs receive exemptions on specific debt investments, easing short-term limits to boost market liquidity under FEMA.
    June 10, 2022   Circulars FEMA
    Foreign Exchange Management Act 1999: No More Returns for Guarantees from Non-Residents, Easing Cross-Border Compliance Burden.
    June 4, 2022   Case Laws FEMA
    High Court Upholds Penalty Under FERA for Non-Realization of Export Payment Due to Buyer's Bankruptcy in France.
    May 26, 2022   Circulars FEMA
    IFSCA Issues New Guidelines for Gold Import by Qualified Jewellers to Enhance Compliance and Transparency in Financial Sector.
    May 6, 2022   Circulars FEMA
    Exim Bank of India Grants $190M Credit Line to SBM for Mauritius Infrastructure Projects.
    April 13, 2022   Notifications FEMA
    Amendment to FEMA Rules 2022: Streamlining Foreign Investment in Non-Debt Instruments for Better Compliance and Transactions.

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      FEMA

      This Court jurisdiction to entertain the execution petition of a...

      Court Lacks Jurisdiction on Foreign Decree Execution; UK Summary Judgment Not Recognized Locally, Denying Defense Unjust.

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      FEMADecember 28, 2022Case LawsHC
      This Court jurisdiction to entertain the execution petition of a foreign decree - Summary judgement - the setting aside of default judgment and passing of summary judgment by the same court at UK, is not recognized under the prescribed procedure of law in this country. Moreover, the disputes between the parties are triable issues and denial of leave to defend to the appellant/JD is against the interest of justice. - HC
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