Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Reverse charge and assignment of royalty collection: exemption for excess royalty collectors subject to reconciliation; leaseholders remain liable und...
RBI has amended the Master Direction on non-resident investment in debt instruments by consolidating earlier instructions on NRI investment in debt instruments and the use of debt instruments acquired under FEMA 396 as collateral with recognised stock exchanges for exchange traded derivative transactions. The updated Master Direction is enclosed for authorised dealer Category-I banks, which are to circulate the changes to concerned constituents and customers. The circular is issued under the Foreign Exchange Management Act, 1999 and operates without prejudice to approvals required under any other law.
RBI has amended the Master Direction on non-resident investment in debt instruments by consolidating earlier instructions on NRI investment in debt instruments and the use of debt instruments acquired under FEMA 396 as collateral with recognised stock exchanges for exchange traded derivative transactions. The updated Master Direction is enclosed for authorised dealer Category-I banks, which are to circulate the changes to concerned constituents and customers. The circular is issued under the Foreign Exchange Management Act, 1999 and operates without prejudice to approvals required under any other law.
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