Supreme Court: Police May Freeze Bank Accounts under S.102 CrPC in Prevention of Corruption Cases || SC: Arbitrator’s Mandate Ends on Time Expiry; Substituted Arbitrator Must Continue After Extension || SC: Woman May Move Her Department’s ICC For Harassment by Employee of Another Workplace || SC: Women’s Representation Requirement Applies to All Bar Associations in Gujarat || SC: Contempt Power isn’t Judges’ Personal Shield nor a Tool to Silence Legitimate Criticism || SC: Statutory Corporation Can Deduct under S.36(1)(viii) Only for Income from Long-Term Finance || NCLT Kolkata: Costs for Compromise or Arrangement Scheme not Part of Liquidation Expenses || NCLT Ahmedabad: Complaints Against Auditors or Company Secretaries Not Grounds for Company Probe || SC: NCLT Can Forfeit Entire Deposit if Purchaser Defaults on Payment for Liquidation Assets || Meghalaya HC: Non-Signatory or Non-Existent LLP Cannot Claim Arbitration via Group of Companies

Compilation of R-Returns: Reporting under FETERS- (Reserve Bank of India) (11 Feb 2016)

MANU/APDR/0012/2016

Banking

The Reserve Bank of India notified modifications to guidelines for submission of data under the Foreign Exchange Transactions Electronic Reporting System. The amendments are applicable to transactions taking place from 1 April, 2016. Among other changes, email-based submission will be replaced by web-portal based data submission details to log into which will be provided by the RBI. Transactions relating to Liberalised Remittance Scheme may be reported under FETERS purpose codes specified instead of reporting collectively under the purpose code S0023.

Relevant : Compilation of R-Returns: Reporting under FETERS MANU/APDR/0037/2012

Tags : FETERS ONLINE REMITTANCE REPORTING PURPOSE CODE

Share :