Category Archives: Regulatory

test

Remission of Duties & Taxes on Export Products Scheme (RoDTEP)

Introduction  RoDTEP (Remission of Duties & Taxes on Export Product) Scheme was  announced by Government of India in September 2019, this scheme is a  combination of two existing schemes of GOI namely, MEIS (Merchandise Export  from India Scheme) & RoSCTL … Continue reading

Posted in Regulatory |

The RBI aligns the list of offences under FEMA with the new NDI rules.

Background Compounding of an offence refers to the process of admitting the contravention, suo moto and seeking redressal. The Reserve Bank of India is empowered to compound any contraventions as defined under section 13 of Foreign Exchange Management Act, 1999 … Continue reading

Posted in Regulatory |

Introduction of the Foreign Contribution (Regulation) Amendment Act, 2020

The Central Government has laid down certain essential amendments in the Foreign Contribution (Regulation) Act, 2010 with the introduction of the Foreign Contribution (Regulation) Amendment Act, 2020, which has come into force with effect from September 28, 2020. Here, Foreign … Continue reading

Posted in Regulatory |

Legal Entity Identifier (LEI) – Concept, Introduction, Benefits & Regulations

The Legal Entity Identifier (LEI) is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction. It is a 20-digit unique code to identify parties to transaction worldwide. … Continue reading

Posted in Regulatory |

Introduction of the Companies (Amendment) Act, 2020

The Government has promulgated yet another set of amendments in Company law with the introduction of the Companies (Amendment) Act, 2020, which has come into force from September 28, 2020. Introduction of this 4th Amendment in the Companies Act, 2013, … Continue reading

Posted in Regulatory |