Delhi HC: Non-Proof of Hearing Notice Dispatch Doesn’t by Itself Show no Personal Hearing Was Given  ||  Delhi High Court: No Construction or Residence Allowed on Yamuna Floodplains, Even For Graveyards  ||  J&K High Court: Right to Speedy Trial Includes Appeals; Closes 46-Year-Old Criminal Case Due to Delay  ||  J&K High Court: Courts Must Not Halt Corruption Probes, Refuses to Quash FIR  ||  J&K&L HC: Matrimonial Remedies May Overlap, But Cruelty Claims Cannot be Selectively Invoked  ||  Delhi High Court: Customs Officials Acting Officially Cannot be Cross-Examined as of Right  ||  J&K&L HC: Second Arbitral Reference is Maintainable if Award is Set Aside Without Deciding Merits  ||  J&K&L HC: Gold Voluntarily Given to Customer is 'Entrustment'; Theft Excluded from Insurance Cover  ||  Delhi HC: Working Mothers Cannot be Forced to Bear Full Childcare Burden While Fathers Evade Duty  ||  J&K&L HC: Arbitral Tribunal Not a “Court”; Giving False Evidence Before it Doesn’t Attract S.195 CrPC    

Reporting of Bank Guarantee on behalf of service importers discontinued- (Reserve Bank of India) (07 Jul 2016)

MANU/APDR/0046/2016

Banking

The Reserve Bank of India announced the discontinuation of submission of reports on guarantees issued by banks in favour of non-residents service providers.

The move is seen as reducing another compliance burden. However, Authorised Dealer Category-I banks are advised to continue to maintain such records as the same can be called by RBI.

Tags : RBI   BANK GUARANTEE   SERVICE IMPORTER   REPORTING REQUIREMENT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved