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...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
RBI amended FEMA compounding guidelines, modifying key procedural aspects for contravention applications. The amendment eliminates linking of compounding amounts to prior orders, ensuring each application is treated independently. Additional mandatory details now required include applicant's mobile number, specific RBI office receiving payment, and application submission mode. These modifications aim to streamline processing, enhance reconciliation accuracy, and reduce administrative delays in handling contraventions. The changes apply to all Authorized Dealer Category-I banks, mandating comprehensive disclosure and precise payment tracking for FEMA-related compounding procedures.
RBI amended FEMA compounding guidelines, modifying key procedural aspects for contravention applications. The amendment eliminates linking of compounding amounts to prior orders, ensuring each application is treated independently. Additional mandatory details now required include applicant's mobile number, specific RBI office receiving payment, and application submission mode. These modifications aim to streamline processing, enhance reconciliation accuracy, and reduce administrative delays in handling contraventions. The changes apply to all Authorized Dealer Category-I banks, mandating comprehensive disclosure and precise payment tracking for FEMA-related compounding procedures.
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