Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedFrom April 2027, banks must adopt the RBI’s Expected Credit Loss (ECL) framework, a three-stage provisioning model based on credit risk deterioration and Effective Interest Rate (EIR) calculations.
FeaturedComplete guide to FDI rules: entry routes, valuation norms, FC-GPR, FLA reporting, downstream investment, and penalties under FEMA.
FeaturedThe FEMA Export-Import Regulations 2026 introduce revised timelines, set-off rules, advance payment norms, and enhanced AD bank powers. The framework aims to streamline compliance and strengthen oversight.
FeaturedRBI introduces a forward-looking Expected Credit Loss (ECL) framework for banks effective April 2027, mandating three-stage provisioning, internal rating systems, and transitional relief measures.
FeaturedThe Karnataka High Court upheld that foreign nationals satisfying the definition of 'persons resident in India' under FEMA are not liable for penalties regarding FEMA violations.
31 FAQs clarify coordination between RBI and Enforcement Directorate in FEMA violations. Distinctions from PMLA attachments and adjudication process outlined.
Updated guide to RBI's FIRMS portal covers FC-GPR, FC-TRS, FLA returns, Entity Master registration, and LLP reporting deadlines. Timely submission is mandatory under FEMA.
SEBI proposes stricter monitoring of issue proceeds, direct agency reporting, and penalties for non-cooperation by sponsors and auditors.
FEMA 1999 regulates foreign exchange in India, empowering RBI to frame rules on capital and current account transactions, with penalties up to thrice the sum involved.
Entities with foreign investments must file FLA returns, FC-GPR, FC-TRS, and LLP reports on the RBI’s FIRMS portal by prescribed deadlines, with Business User registration required.
Madras High Court upholds denial of FCRA registration to a trust that misdeclared its religious activities, affirming disclosure requirements for religious entities.
RBI removes fixed remittance limits on Form A2, requiring authorized dealers to establish board-approved internal policies for processing physical and online remittance requests.