Various reports and returns discontinued under FEMA, 1999

Various reports and returns discountinued under FEMA, 1999 Recently, vide circular no. RBI/2020-21/66 dated 13th November 2020, the Reserve Bank of India has announced the discontinuation of total 17 reports and returns which were earlier prescribed under Foreign Exchange Management…

Merchanting Trade Transactions – RBI Revised Guidelines

Merchanting Trade Transactions – RBI Revised Guidelines The Merchanting Trade Transactions guidelines are revised and released by RBI periodically. The latest guidelines have been released on 23rd January 2020 and this article provides details on the revised guidelines of RBI…

Indian Stamp Rules 2019

Indian Stamp Rules 2019 The Government of India (GoI) introduced the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019. The rules provide a consistent basis for the levy of stamp duty on securities-related transactions.…

Exchange of Old Notes and Coins

Exchange of Old Notes and Coins The Reserve Bank of India has been laying several rules and guidelines in facilitating the exchange of coins and notes. The RBI rules of RBI not only warns on the refusal of accepting the…

Statutory Liquidity Ratio

Statutory Liquidity Ratio One of the main functions of the Reserve Bank of India (RBI) is to control the supply of credit as well as the cost of it. The RBI mandates that every bank is required to maintain a specific…

Reserve Bank of India (RBI)

Reserve Bank of India (RBI) The overall economic efficiency and the stability of a nation are dependent on the payment and settlement system prevailing in that country. As a result, the various regulators in India, including the central bank, have…