Supreme Court Upholds Acquittal, Holds Investigating Officer Cannot Create Evidence || Supreme Court: NDPS Prosecution Cannot Be Quashed Solely Over Co-Accused’s Disclosure || SC: Tax Classification Depends on Goods' Form at Sale, not their End Use || Delhi High Court: No Material Showing Delhi Police Compromised the 2020 Riots Probe || Madras HC Suggests Mandatory Attachment of Properties Suspected to Be Proceeds of Corruption || P&H High Court: Demolition After Lawyer Flagged Corruption Appears Aimed at Silencing Him || Calcutta High Court: Contempt Proceedings Cannot Be Used to Challenge Orders or Attack Judges || Orissa High Court: Marriage Need Not Be Preserved When the Relationship Has Substantially Eroded || SC: CIRP Can Continue Despite Fraudulent Insolvency Plea That Triggered It || Delhi HC: Senior Citizen May Seek Eviction of Daughter-in-Law for Ill-Treatment

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 :