Supreme Court: Right to a Speedy Trial Cannot Override NDPS Act Bail Conditions || SC: Relatives Cannot be Implicated in Bigamy Solely Based on Knowledge of a Second Marriage || Supreme Court: Service Inam Land Attached to a Mosque Constitutes Waqf Property and is Inalienable || Supreme Court: Court Cannot Order an Accused to Surrender While Denying Anticipatory Bail || Supreme Court: Landlord’s Legal Heirs May Amend an Eviction Suit to Include Bona Fide Need || Supreme Court: Unsuccessful Party Can Invoke Section 9 of the Arbitration Act Even After an Award || Karnataka High Court: Accused Cannot be Required to Share Live GPS Location as a Condition of Bail || Guj HC: Plaintiff in Specific Performance Suit Must Prove Readiness &Willingness to Perform Contract || Madras HC: Transgenders are Children of God, Tragedy Lies in Society’s Blindness, Not Their Birth || Del HC: False Educational Qualification Declaration does not amount to Corrupt Practice U/S 123(4)

RBI issues Master Directions on Foreign Exchange- (Reserve Bank of India) (04 Jan 2016)

MANU/RPRL/0006/2016

Banking

The Reserve Bank of India released 17 Master Directions covering foreign exchange transactions. The Directions consolidate RBI Circulars passed over the years under FEMA. The move hopes to simplify processes, encouraging compliance and improving clarity in regulatory communication.

The Directions follow on the heels of Dr. Raghuram G. Rajan (Governor, RBI) announcing in his policy statement for 2015-2016 the bid to “update all [of RBI’s] master regulations, and streamline the required procedure for compliance with the regulations by January 1, 2016.

Tags : RBI MASTER DIRECTIONS FEMA 2016

Share :