Foreign Exchange Rules
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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
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Paytm Gets Probe Agency Notice Over Foreign Exchange Rule Violation by Units
The Enforcement Directorate has sent a notice to Paytm-owner One97 Communications for alleged violation of certain FEMA rules by the company and its two subsidiaries
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Brazil to Unveil Second Phase of Crypto Rules by End of 2024: Report
Without disclosing too many details about the ‘internal planning’, Brazil’s Apex bank has confirmed that laws to monitor the use of stablecoins and the role they can play in foreign exchange settlements and other payments are in the pipeline this year.
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India’s Crypto Action Awaits Analysis on Nation-Specific Characters and Risks: Finance Ministry
For India, the deployment of final crypto laws could still be at least 18 months away. Pankaj Chaudhary, Minister of State for Finance, this week told the Rajya Sabha that India is currently laying focus on assessing the impacts and risks that crypto could pose on its existing financial systems.
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Anil Ambani's Wife Tina Joins Probe In Foreign Exchange Violation Case
Industrialist Anil Ambani's wife Tina Ambani today joined the probe in an alleged case of foreign exchange rules violation.
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South Africa Classifies Crypto Assets as Financial Products, Clears Deck for Regulation
South Africa's financial watchdog, the Financial Sector Conduct Authority (FSCA), on Wednesday said that it had classified cryptocurrency assets as financial products. The move comes ahead of plans to regulate the crypto sector. Financial watchdogs across the globe have been grappling with how to regulate new digital currencies and tokens, the pric...
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Pakistan Ex PM Imran Khan Booked For Receiving Illegal Foreign Funding
According to reports, Pakistan's former ruling party leaders violated the Foreign Exchange Act and were declared as beneficiaries of suspicious bank accounts
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LIC IPO Soon, Suggests Government's New Forex Act Notification: 5 Points
To allow large foreign portfolio investors (FPIs) to subscribe to shares in the public listing of the insurance behemoth, Life Insurance Corporation (LIC), the government has amended the rules of Foreign Exchange Management Act (FEMA).
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FEMA Rules Amended To Let 20% Foreign Investment In LIC's Public Issue
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC.
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SEBI Tightens Norms For Usage Of IPO Proceeds
Securities and Exchange Board of India has approved tightening of rules for usage of proceeds from initial public offers
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Rule To Limit Stay Of Foreign Students Proposed In US
The US Department of Homeland Security (DHS) on Thursday announced a proposed rule to fix the period of stay for international students, exchange visitors and foreign journalists to "encourage program compliance and enhance national security."
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CBI Arrests Three More People In Foreign Exchange Rules Violation Case
Three more people have been arrested by the CBI in a case of Rs 90 crore received by aviation consultant Deepak Talwar's NGO Advantage India in alleged violation of foreign exchange rules, officials said on Thursday.
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Kashmiri Businessman Fined 62 Lakhs For Violating Foreign Exchange Rules
The Enforcement Directorate on Friday said it has asked a Kashmiri businessman to pay Rs 62 lakh as penalty for an alleged violation of the foreign exchange rules. The man, Zahoor Ahmad Shah Watali, is already facing terror-funding charges.
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Kashmiri Businessman Fined Rs 62 Lakh For Alleged Forex Violation
The Enforcement Directorate on Friday said it has slapped Rs 62 lakh penalty on Kashmiri businessman Zahoor Ahmad Shah Watali, already facing terror-funding charges, for alleged violation of foreign exchange rules and operating bank accounts in Delhi using fake NRI credentials.
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Godfrey Phillips Says Not Violating Country's Foreign Investment Rules: Report
On Monday, Godfrey told National Stock Exchange "the suggestion of alleged violation of the FDI laws of the country is completely misconceived and misplaced".
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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
-
Paytm Gets Probe Agency Notice Over Foreign Exchange Rule Violation by Units
The Enforcement Directorate has sent a notice to Paytm-owner One97 Communications for alleged violation of certain FEMA rules by the company and its two subsidiaries
-
Brazil to Unveil Second Phase of Crypto Rules by End of 2024: Report
Without disclosing too many details about the ‘internal planning’, Brazil’s Apex bank has confirmed that laws to monitor the use of stablecoins and the role they can play in foreign exchange settlements and other payments are in the pipeline this year.
-
India’s Crypto Action Awaits Analysis on Nation-Specific Characters and Risks: Finance Ministry
For India, the deployment of final crypto laws could still be at least 18 months away. Pankaj Chaudhary, Minister of State for Finance, this week told the Rajya Sabha that India is currently laying focus on assessing the impacts and risks that crypto could pose on its existing financial systems.
-
Anil Ambani's Wife Tina Joins Probe In Foreign Exchange Violation Case
Industrialist Anil Ambani's wife Tina Ambani today joined the probe in an alleged case of foreign exchange rules violation.
-
South Africa Classifies Crypto Assets as Financial Products, Clears Deck for Regulation
South Africa's financial watchdog, the Financial Sector Conduct Authority (FSCA), on Wednesday said that it had classified cryptocurrency assets as financial products. The move comes ahead of plans to regulate the crypto sector. Financial watchdogs across the globe have been grappling with how to regulate new digital currencies and tokens, the pric...
-
Pakistan Ex PM Imran Khan Booked For Receiving Illegal Foreign Funding
According to reports, Pakistan's former ruling party leaders violated the Foreign Exchange Act and were declared as beneficiaries of suspicious bank accounts
-
LIC IPO Soon, Suggests Government's New Forex Act Notification: 5 Points
To allow large foreign portfolio investors (FPIs) to subscribe to shares in the public listing of the insurance behemoth, Life Insurance Corporation (LIC), the government has amended the rules of Foreign Exchange Management Act (FEMA).
-
FEMA Rules Amended To Let 20% Foreign Investment In LIC's Public Issue
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC.
-
SEBI Tightens Norms For Usage Of IPO Proceeds
Securities and Exchange Board of India has approved tightening of rules for usage of proceeds from initial public offers
-
Rule To Limit Stay Of Foreign Students Proposed In US
The US Department of Homeland Security (DHS) on Thursday announced a proposed rule to fix the period of stay for international students, exchange visitors and foreign journalists to "encourage program compliance and enhance national security."
-
CBI Arrests Three More People In Foreign Exchange Rules Violation Case
Three more people have been arrested by the CBI in a case of Rs 90 crore received by aviation consultant Deepak Talwar's NGO Advantage India in alleged violation of foreign exchange rules, officials said on Thursday.
-
Kashmiri Businessman Fined 62 Lakhs For Violating Foreign Exchange Rules
The Enforcement Directorate on Friday said it has asked a Kashmiri businessman to pay Rs 62 lakh as penalty for an alleged violation of the foreign exchange rules. The man, Zahoor Ahmad Shah Watali, is already facing terror-funding charges.
-
Kashmiri Businessman Fined Rs 62 Lakh For Alleged Forex Violation
The Enforcement Directorate on Friday said it has slapped Rs 62 lakh penalty on Kashmiri businessman Zahoor Ahmad Shah Watali, already facing terror-funding charges, for alleged violation of foreign exchange rules and operating bank accounts in Delhi using fake NRI credentials.
-
Godfrey Phillips Says Not Violating Country's Foreign Investment Rules: Report
On Monday, Godfrey told National Stock Exchange "the suggestion of alleged violation of the FDI laws of the country is completely misconceived and misplaced".
