Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
RBI overhauls export-import rules under FEMA 2026, streamlining EDF filing, advance payments, set-off norms, and AD bank enforcement powers.
Effective October 1, 2026, the RBI has removed monetary limits on online submission of Form A2 for foreign remittances. The change, under A.P. (DIR Series) Circular No. 23, allows unrestricted digital processing of remittances under the Liberalised Remittance Scheme (LRS).
Effective October 1, 2026, the Reserve Bank of India mandates submission of the Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) via the CIMS Sankalan Portal. This shift from the legacy XBRL platform aims to streamline reporting and improve data accuracy.
The Reserve Bank removes value thresholds for electronic remittances requiring prior Form A2 submission, streamlining compliance for authorised dealers and customers.
The RBI has transitioned reporting of the Non-Resident Deposits Comprehensive Single Return (NRD-CSR) from XBRL to the CIMS Sankalan portal, streamlining data submission for authorised dealers.
RBI mandates submission of the Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) through the CIMS Sankalan Portal, replacing the XBRL platform. All Authorised Dealers must comply with the updated reporting mechanism effective October 1, 2026.
RBI liberalises foreign remittance norms by removing value thresholds for online submission of Form A2, allowing seamless reporting across all transaction sizes. AD Category-I banks and AD Category-II entities must frame internal guidelines accordingly.
RBI mandates submission of Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) through the CIMS Sankalan portal, replacing the XBRL platform. All banks maintaining NRD accounts must comply with revised reporting protocols.
RBI removes amount thresholds for online submission of Form A2, allowing all remittances to be filed electronically, simplifying forex compliance for authorised dealers.
Guide to Overseas Direct Investment (ODI) in UAE under FEMA, covering LRS limits, 400% financial commitment rule, UIN, and exit compliance.
Comprehensive overview of FDI compliance under FEMA, covering entry routes, valuation, reporting (FC-GPR, FLA), LLP rules, and downstream investment obligations.
Effective October 1, 2026, the RBI removes monetary limits for remittances reported via online Form A2, allowing seamless digital reporting for all transaction sizes. AD Category I banks and AD-Category II entities must update internal systems accordingly.