Gujarat HC Grants Bail to Marriage Bureau Owner, Finds No Link to Alleged ‘Looteri Dulhan’ Gang  ||  Calcutta HC: Minor’s Consent has No Mitigating Effect in POCSO Sexual Assault Cases  ||  Orissa HC Commutes Death Sentence, Says Emotion Cannot Override Established Law  ||  Calcutta HC: Street Vendors Act Protects Lawful Vending, Not Illegal Encroachments  ||  P&H HC: Courts Cannot Reveal Identities of Children in Conflict With Law in Court Records  ||  Bombay HC: Government Cannot Fix ‘Politically Convenient’ Election Dates sets Goa Poll Timeline  ||  SC: Major Port Trusts Liable for Customs Duty on Pilfered Goods under Customs Act  ||  Supreme Court: General Fraud Allegations Cannot Extend Limitation under Section 74 CGST Act  ||  SC: ‘No Coercive Steps’ Order Cannot Restrain Filing of Charge Sheet  ||  Chhattisgarh HC: Maintenance for Autistic Child May Continue Beyond 18 Until Self-Sufficient    

RBI: No Foreign Exchange Act Action against Declarant for Disclosure Under Black Money Window - (01 Oct 2015)

Reserve Bank of India (RBI) has said no action under FEMA will be taken against declarations under one-time black money compliance window. RBI has already notified Foreign Exchange Management Regulations, 2015, in this regard. Further no permission under FEMA will be required for those keen to dispose of assets declared and bring back proceeds through proper banking channel by March 31.

Tags : RESERVE BANK OF INDIA  FEMA  BLACK MONEY COMPLIANCE WINDOW  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved