FEMA circular review withdraws obsolete directions superseded by later regulatory amendments and overlap under the revised framework.

FEMA contravention does not automatically void a sale; challenge was barred, while ancestral partition survived.

FEMA reporting rules rationalised: revised FLM-8, quarterly franchisee disclosures, and several returns discontinued

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

Compounding of Foreign Contribution offences revised with updated officers, monetary formulas, and non-reopening of closed cases.

FCRA registration rules tightened with new key functionary, purpose, utilisation, and disclosure requirements for associations.

SNRR account rules expanded to cover IFSC branches, transfer pathways, and purpose-based non-resident transactions.

FERA show-cause notices after repeal were quashed for lack of jurisdiction under the FEMA savings scheme

Daily reporting of FCNR (B), ECB and OFCB swap facility transactions required for authorised dealer banks.

Reasonable period for FEMA show-cause notices remains fact-specific; merits must be pursued through statutory remedies.

FEMA payment and reporting rules updated for NRI, OCI and foreign investor equity transactions under revised regulations

Foreign exchange investment rules broadened to cover all overseas individuals, with tighter approval and portfolio breach controls.

Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...

Writ jurisdiction over private bank compliance refusals upheld where foreign exchange processing raised public law and sanctions concerns

Residence in India under FEMA: business visa holders staying over 182 days were treated as residents, defeating confiscation.

NOP-INR position relief for swap exposures from FCNR(B), ECB and OFCB, subject to compliance with existing circular requirements.

Export proceeds realisation period cut from fifteen months to nine months under amended FEMA export regulations.

Cross-border merger rules updated to replace NCLT with Competent Authority for merger approval references.

FEMA reporting moved to CIMS portal for AD Category-I banks, including NIL uploads and new return codes.

FPI government securities framework eased with withdrawal of limits, revised investment caps, and wider Fully Accessible Route coverage