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Category Archives: Foreign Exchange Regulation

Opening of the foreign currency account in India by ship-manning/crew management agencies.

October 19, 2015by akmfacebookgroup Leave a comment

General Permission is available to ship manning /crew managing agencies that are rendering services to shipping /airlines companies incorporated outside India to maintain a non-interest bearing foreign currency account with […]

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Foreign Exchange Regulation, Foreign Exchange Regulation Updates

External commercial borrowing policy (ECB) –Issuance of Rupee denominated bond overseas.

October 19, 2015by akmfacebookgroup Leave a comment

In order to facilitate Rupee denominated borrowing from overseas, it has been decided to put in place a framework for issuance of Rupee denominated bonds overseas within the overarching ECB […]

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Foreign Exchange Regulation, Foreign Exchange Regulation Updates

Regulations for the Asset held abroad by the person resident in India under Foreign Exchange Management A ct 1999.

October 19, 2015by akmfacebookgroup Leave a comment

Black Money and imposition of Act 2015 has been introduced to curb the foreign undisclosed income but it is hereby clarified that no proceedings shall lie against the declarant if […]

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Foreign Exchange Regulation, Foreign Exchange Regulation Updates

Equity Investments by Banks

October 19, 2015by akmfacebookgroup Leave a comment

According to this notification it is advised that  banks which have CRAR of 10 per cent or more and have also made net profit as of March 31 of the […]

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Foreign Exchange Regulation, Foreign Exchange Regulation Updates

Change in Bank Rate

October 19, 2015by akmfacebookgroup Leave a comment

The Bank Rate stands adjusted by 50 basis points as announced in four bimonthly monetary policy statement from 8.25 to 7.75 per cent. All penal rates on shortfall linked to […]

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Foreign Exchange Regulation, Foreign Exchange Regulation Updates

Transfer or issue of security by a person resident outside India.

October 19, 2015by akmfacebookgroup Leave a comment

In the foreign exchange management regulation 2000, the following clause shall be inserted in schedule 9, for the transfer of security by the person resident outside India, All LLP’s who […]

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Foreign Exchange Regulation, Foreign Exchange Regulation Updates

Extension of Interest Subvention Scheme

September 26, 2015by akmfacebookgroup Leave a comment

The Government of India has approved the implementation of the Interest Subvention Scheme for the year 2015-16 for short term crop loan up to INR 3lakh. Interest subvention of 2% […]

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Foreign Exchange Regulation, Foreign Exchange Regulation Updates

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