Amendment allows authorised dealer banks to lend in INR to residents of Bhutan, Nepal, Sri Lanka for trade
Regulator allows AD Category-I banks to invest SRV surplus in NCDs, bonds, CPs alongside government securities under FEMA
Regulator allows non-resident SRVA holders to invest rupee surpluses in domestic NCDs, bonds and commercial paper
Penalty under Section 50 FERA unsustainable where minor 5.45% export shortfall and Section 18(1)(a) complied
Contravention of Section 6(3)(i) FEMA deemed civil breach without mens rea; Section 13(1) penalty reduced, confiscation set aside
Central bank allows non-resident rupee account holders to trade dated government securities, T-bills, NCDs and commercial paper under Reg. 7(1)
Central bank allows banks to reconcile and close export/import EDPMS/IDPMS entries up to Rs 10 lakh per bill under FEMA
Regulator extends permitted forex outlay period for merchanting trade from four to six months under FEMA; banks must notify customers
Contravention of Section 9(1)(b) and 9(1)(d) upheld; voluntary confessional statement admissible; penalty reduced to Rs.5,00,000, confiscation affirme...
Appeals allowed; Section 3(a) FEMA breach not proved, no admissible evidence of foreign remittance, penalties quashed
Regulator amends Master Direction allowing AD Category-III standalone primary dealers to trade non-deliverable rupee derivatives with residents and ba...
Appellant ordered to deposit 25% pre-deposit after waiver denied due to prima facie bogus export and hawala findings
s.3(c) violation for receipt and distribution of Hawala funds upheld; s.37 statements relied on; penalty reduced to Rs 8,00,000
Appeals dismissed for failing mandatory pre-deposit under second proviso to Section 19(1) of FEMA, 1999
Appeal allowed: 'Persons' under Section 10(5) and Para 8, Part B includes companies and firms; penalty set aside
Appeal partly allowed; liability affirmed for all, Respondents 2 and 3 fined Rs 1,00,00,000 each for FEMA contraventions
Penalty enhancement under Section 19(1) set aside where respondents not masterminds and offences under Section 3(b), 10(6) Reg.6(1) unproven
Appeal dismissed; FEMA penalty for failure to realize export proceeds upheld, discretionary reduction properly applied
Non-residents Can Invest Rupee Surplus in Government Securities Under FEMA Rules 1999 and Master Direction 2025
FEMA penalties reduced for unauthorized FDI remittances; individual fines moderated under Section 42 liability rules
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