Kerala High Court: ED Can Investigate Without FIR in Scheduled Offence Cases (CMRL Matter) || Delhi High Court Upholds TRAI Rule Capping TV Advertisements at 12 Minutes Per Hour || Supreme Court Directs High Courts to Deliver Judgments in 3 Months and Bail Orders in One Day || Supreme Court: Successful Resolution Applicant Cannot Negotiate Further After CoC Approval || Supreme Court: Succession Law Applies, Not Primogeniture, to Ex-Royal’s Private Estate Inheritance || Supreme Court: Writ Jurisdiction Cannot Challenge Arbitrator’s Section 16 Decision || Supreme Court: Sanyasi Status Cannot Be Ground to Reject Land Compensation Claim || Supreme Court: Section 33(1)(a) of Arbitration Act Cannot Alter Nature of Interest in Award || Supreme Court: Society Office Bearers Not Liable for Cheque Dishonour Without Active Business Role || Supreme Court: Asking a Woman to Adjust in Marriage Does Not Amount to Cruelty By In-Laws

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 :