15 April 2024


Search Results for Tag : foreign

Top Story

Online Analytical Tool Launched To Monitor Foreign Contributions under FCRA(01.06.2018)

Union Government launched an Online Analytical Tool to facilitate closer monitoring of the flow and utilisation of foreign contributions received by v.....

Tags : Online tool, Foreign contributions, Regulations

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Judgments

CCI begins nosing around fishy Uttarakhand alcohol wholesaling(19.07.2016)

The Competition Commission of India ordered an investigation into claims that the State-owned wholesalers in Uttarakhand are indulging in one-sided a.....

Tags : wholesale, india made foreign liquor, uttarakhand, discrimination

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Government of India cannot raise a dispute with a foreign government qua the private claim of its citizens(08.11.2016)

Instant Appeal is preferred against order of Single Judge dismissing writ petition by order holding that, merely because Government of India, on a rep.....

Tags : Foreign Bank, Amount, Release

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Assessee is not required to deduct tax at source on payments of foreign agency commission(24.06.2020)

Present appeal by Assessee has been directed against the Order of the Learned CIT(A), for the Assessment year (AY) 2014-2015, challenging the addition.....

Tags : Expenses, Foreign agency commission, Addition

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High Court having an ordinary original civil jurisdiction can also execute foreign decree under Section 44A of CPC(28.01.2022)

The Appellant/decree holder has challenged the judgment of the Division Bench of the High Court relegating to file a petition for execution of a money.....

Tags : Jurisdiction, Execution, Foreign Decrees

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Execution of arbitration of arbitral award impermissible without permission of BIFR(08.09.2015)

Mere violation of Indian law is not sufficient to raise an objection for enforcement of the foreign award under Section 48 of the Arbitration Act, 199.....

Tags : Arbitration, sica, foreign, bifr

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Commission earned by NRI for services rendered outside India could not be deemed to be income which had either accrued or arisen in India(12.07.2023)

The bunch of appeals filed by the Revenue are directed against the orders passed by the National Faceless Appeal Centre (NFAC), arising out of the ord.....

Tags : Assessment, foreign commission, Deletion

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Zee Turner saved from service tax liability(01.04.2016)

The Customs Excise and Service Tax Appellate Tribunal saved Zee Turner from service tax levies after accepting submissions that it was merely acting a.....

Tags : Service tax, foreign broadcaster, indian agent

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News

RBI Notifies Increase in FPI Holding Limits(07.10.2015)

Reserve Bank of India (RBI) has notified that Foreign Portfolio Investors (FPI) would be able to hold up to R1.66 lakh crore worth of government secur.....

Tags : Reserve Bank of India ,Foreign Portfolio Investors

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RBI Allows Firms having Forex Exposure to Book Forex Forward and Foreign Currency(09.10.2015)

RBI has allowed all resident individuals, firms and companies, who have actual or anticipated foreign exchange exposures, to book foreign exchange for.....

Tags : RBI,Forex Forward ,Foreign Currency

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RBI Turns Net Seller of Foreign Currency in August(13.10.2015)

Reserve Bank of India (RBI) for the first time in the past one year has turned net sellers of foreign currency in August to help arrest the slide in t.....

Tags : Reserve Bank of India (RBI),Foreign Currency

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NCLAT: Foreign Company Having No Office, Account in India Will Not Suffer in Recovering Debt(23.05.2017)

NCLAT has rejected argument that foreign companies having no office or no account in India with any “financial institution” will suffer in recovering .....

Tags : NCLAT, Foreign Company

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ITAT Mumbai Says 'Sponsoring Foreign Trips of Doctors for Business Promotion is Expenditure'(29.05.2017)

Mumbai ITAT has held that sponsoring foreign trips of doctors for business promotion is allowable as expenditure under provisions of Income Tax Act.

Tags : Mumbai ITAT, foreign trips, Income Tax Act

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Gauhati High Court: No Authority to Transfer Proceedings Pending Before Foreigners' Tribunal(11.06.2019)

Gauhati High Court has noted that a proceeding before one Foreigners' Tribunal cannot be transferred to another Foreigners' Tribunal in exercise of p.....

Tags : Gauhati High Court, Foreigners' Tribunal

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RBI Permits Indian Subsidiaries of MNCs to Hedge Forex Exposure(07.11.2016)

Reserve Bank of India (RBI) has allowed Indian subsidiaries of multinational companies to hedge their foreign currency exposure through derivatives, O.....

Tags : Reserve Bank of India, Indian subsidiaries, foreign currency

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SC: Period for Filing Plea for Enforcement of Foreign Award is Under Article 137 of Limitation Act(17.09.2020)

Supreme Court has held that the period of limitation for filing a Petition for enforcement of a foreign award under Sections 47 and 49 of the Arbitrat.....

Tags : Supreme Court, Period for Filing Plea for Enforcement of Foreign Award

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SC: Enforcement Court May Refuse Enforcement of Foreign Award, Cannot Set Aside or Correct(17.09.2020)

Supreme Court has observed that though enforcement Courts may refuse enforcement of a foreign award, if the conditions contained in Section 48 of the .....

Tags : Supreme Court, Enforcement of Foreign Award

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ITAT: Form 67 shall be Filed on or Before Income Tax Return Due Date(16.06.2022)

Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench has held that in order to avail the deduction of foreign tax credit, it is mandatory to file.....

Tags : ITAT, Foreign Tax Credit, Form 67

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MHA Extends FCRA Validity of NGO’s With Pending Renewal(24.06.2022)

Ministry of Home Affairs (MHA) has extended the Foreign Contribution (Regulation) Act [FCRA] validity of NGO’s with pending renewal till 30th Septembe.....

Tags : Ministry of Home Affairs, Foreign Contribution (Regulation) Act, NGO

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DGFT Changes Watermelon Seeds Import from Restricted to Free Till 30 September, 2022(24.06.2022)

Director General of Foreign Trade (DGFT) has notified an amendment to the Import Policy Condition under the Foreign Trade Policy 2015-2020 to allow th.....

Tags : Director General of Foreign Trade, Import Policy, Watermelon Seeds

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CBDT: Sebi-Registered FPIs get I-T Filing Relief(11.12.2015)

Central Board of Direct Taxes (CBDT) has clarified that incomplete or deficient returns filed by Foreign Portfolio Investors (FPIs) would not be treat.....

Tags : Central Board of Direct Taxes , Foreign Portfolio Investors

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DGFT Introduces Online Deemed Exports Application Module on Its Website(30.07.2021)

Director-General of Foreign Trade (DGFT) has introduced an online Deemed Exports Application Module on its website. The members of the trade are hereb.....

Tags : Director-General of Foreign Trade, Online Deemed Exports

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Calcutta HC: Choosing Foreign Law Would Not Exclude Application u/s 9 Arbitration Act(05.08.2021)

Calcutta High Court has ruled that choosing foreign law to govern arbitration would not, by itself, exclude the application of Section 9 of the Arbitr.....

Tags : Calcutta High Court, Foreign Law Governing Arbitration

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DGFT Issues Export Authorisation for SCOMET Items from New Online Restricted Exports IT Module(05.08.2021)

Director-General of Foreign Trade (DGFT) has issued the Export Authorisation for Special Chemicals, Organisms, Materials, Equipment, and Technologies .....

Tags : Director-General of Foreign Trade, Export Authorisation for SCOMET Items

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Delhi HC to BCI: Foreign Nationals Also Entitled To Seek Enrolment(31.05.2023)

Delhi High Court while observing that foreign nationals are not per se barred from being considered for enrolment on a State roll under Section 24 of .....

Tags : Delhi High Court, Foreign Nationals, Bar Council of India, Enrolment, Section 24 of the Advocates Act

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I-T Department Notifies Rules Relaxing Norms on Foreign Fund Managers(17.03.2016)

Income-Tax Department has notified rules relaxing certain earlier conditions governing foreign fund managers in a bid to encourage them to move to Ind.....

Tags : Income-Tax Department , foreign fund managers

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Courts Can Take Cognizance of Indian's Conviction Abroad: Bombay High Court(05.03.2018)

Bombay High Court has held that courts or judicial authorities in India can take cognizance of the conviction of an Indian by a foreign court for an o.....

Tags : Bombay High Court, Foreign Court

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Gauhati HC Sets Aside Foreigners Tribunal Order Declaring Son of Indian Citizens as Foreigner(26.02.2020)

Gauhati High Court has set aside the order of a Foreigners Tribunal for declaring a person as a foreigner, despite his parents being declared as India.....

Tags : Gauhati High Court, Foreigners Tribunal

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ITAT, Bangalore: Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure(27.02.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has granted relief to Cafe Coffee Day and held that foreign exchange loss due to the reinstatement of .....

Tags : Income Tax Appellate Tribunal, Foreign Exchange Loss on Repayment of Borrowings

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Gauhati HC Sets Aside Ex Parte Order of Foreigners Tribunal Declaring Person as Foreigner(02.03.2020)

Gauhati High Court has set aside ex parte order of Foreigners Tribunal declaring a person as foreigner noticing that the Tribunal had declared a perso.....

Tags : Gauhati High Court, Ex Parte Order of Foreigners Tribunal

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Gujarat High Court Orders Release of Goods Imported Under Foreign Trade Policy(10.03.2022)

Gujarat High Court has directed the release of goods worth Rs. 79.29 lakhs, detained at the Mundra Port by the Customs Department, while refusing to i.....

Tags : Gujarat High Court, Foreign Trade Policy

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Supreme Court Issues Notice to Centre Over Foreign Funding to BJP, Congress(03.07.2018)

Supreme Court has issued notice to central government on a petition challenging retrospective amendments made to the Foreign Contribution Regulation A.....

Tags : Supreme Court, Foreign Funding

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SC Issues Notice on Plea Seeking Release of Detainees in Assam Foreigners' Detention Centres(08.04.2020)

Supreme Court has issued notice to Centre and Assam Government on a plea seeking the release of persons who have spent more than two years in the fore.....

Tags : Supreme Court, Release of Detainees in Assam Foreigners' Detention Centres

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SEBI Eases Norms for Foreign Portfolio Investors(30.06.2016)

Securities and Exchange Board of India (SEBI) has allowed Foreign Portfolio Investors who had issued participatory notes under the erstwhile regulatio.....

Tags : Securities and Exchange Board of India , Foreign Portfolio Investors

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I-T Department Notifies Rules for Foreign Tax Credit(01.07.2016)

Income-Tax Department has notified rules for Foreign Tax Credit, providing clarity on tax credit available to Indian resident taxpayers on foreign inc.....

Tags : Income-Tax Department, Foreign Tax Credit

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Delhi HC: Relationship Between Client & Foreign Law Firm is Commercial in Nature(13.05.2020)

Delhi High Court has held that the relationship between a client and the foreign law firm engaged by it was commercial in nature in terms of Sections .....

Tags : Delhi High Court, Relationship Between Client & Foreign Law Firm

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CESTAT, Bangalore: Service by Foreign Service Provider is not Telecommunication Service(14.04.2022)

Customs, Excise & Service Tax Appellate Tribunal, Bangalore has observed that service by Foreign Service Provider is not Telecommunication Service and.....

Tags : Customs, Excise & Service Tax Appellate Tribunal, Foreign Service Provider, Telecommunication, service tax

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Kerala HC: Private Parties Can't Approach Courts Seeking Attachment of Properties in Foreign States(19.04.2022)

Kerala High Court has ruled that the Indian Courts can’t entertain any request for attachment of properties from any private parties or institutions t.....

Tags : Kerala High Court, attachment of properties, foreign states

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Kerala HC Seeks Govt Explanation on Foreign Jurisdiction Clause and Lack of Law Dept Sanction(21.04.2020)

Kerala High Court has sought explanation from the Kerala Government on the foreign jurisdiction clause in the contract with United States-company Spri.....

Tags : Kerala High Court, Foreign Jurisdiction Clause

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SC: Cannot Enforce Foreign Award if it is Against Government Policy(23.04.2020)

Supreme Court has quashed a 30-year-old award against National Agricultural Cooperative Marketing Federation and ruled that foreign awards against Ind.....

Tags : Supreme Court, Foreign Award

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ITAT, Bangalore: Delay in Filing Form 67 Cannot be Reason to Deny Foreign Tax Credit(31.03.2022)

Income Tax Appellate Tribunal, Bangalore has observed that Rule 128 of the Income Tax Rules which requires the assessee to submit Form 67 before filin.....

Tags : Income Tax Appellate Tribunal, Rule 128 of the Income Tax Rules, filing Form 67, Form 67, Foreign Tax Credit

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ITAT, Mumbai: Non-Disclosure of Foreign Asset in ITR Not Valid Reason for Imposition of Penalty(08.04.2022)

Income Tax Appellate Tribunal (ITAT), Mumbai has observed that non disclosing of a foreign asset in the income tax return, by itself, is not a valid r.....

Tags : Income Tax Appellate Tribunal, foreign asset, income tax return, Black Money Act, assessee

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CESTAT, Chennai : Royalty Need Not be Included in Transaction Value if Not Paid to Foreign Supplier(29.04.2022)

Customs, Excise & Service Tax Appellate Tribunal, Chennai has ruled that royalty need not be incorporated in transaction value if not paid to a foreig.....

Tags : Customs, Excise & Service Tax Appellate Tribunal, royalty, foreign supplier

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ITAT, Mumbai: No TDS on Payments to Foreign Insurers, Rules(29.04.2022)

Income Tax Appellate Tribunal, Mumbai has observed that any payment prepared by the assessee company to such foreign insurers would not be chargeable .....

Tags : Income Tax Appellate Tribunal, Section 195(1), Income Tax Act, 1961, foreign insurers

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Delhi HC: Foreign Creditors Can't be Treated Differently From Domestic Creditors(09.05.2022)

Delhi High Court has observed that in the modern times of globalization, foreign creditors cannot be treated differently from domestic creditors.

Tags : Delhi High Court, globalization, foreign creditors, domestic creditors

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Bombay HC Quashes FIRs Against Tablighi Jamaat Foreigners(24.08.2020)

Bombay High Court has quashed the First Information Reports filed against a total of 29 foreign nationals who were booked under various provisions of .....

Tags : Bombay High Court, Tablighi Jamaat Foreigners

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Karnataka High Court Extends Stay on ED Attachment of Xiaomi India Pvt. Assets(24.05.2022)

Karnataka High Court has extended the stay granted on the Enforcement Directorate’s order dated April 29 till June 1. By the said order ED has directe.....

Tags : Karnataka High Court, Enforcement Directorate, Foreign Exchange management Act

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SC Questions Logic Of Separating Families Of ‘Foreigners’ Detained In Assam Jails(14.09.2018)

Supreme Court has questioned the logic of separating family members of the declared foreign nationals in detention centres.

Tags : Supreme Court, Assam Jails, Foreigners

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SC Refuses to Entertain Plea to Postpone Foreign Medical Graduates Exam(28.08.2020)

Supreme Court has refused to entertain a petition seeking the postponement of the Foreign Medical Graduates Examination scheduled on 31st August, 2020.....

Tags : Supreme Court, Foreign Medical Graduates Exam

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Delhi HC Upholds Circular Restricting Foreign Travel of District Court Employees(03.06.2022)

Delhi High Court has upheld a circular stipulating that the city's district court employees can be allowed to visit a foreign country only during vaca.....

Tags : Delhi High Court, District Court Employees, Foreign Travel

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ITAT: Foreign Exchange Derivative Losses Can be Allowed for Deduction as it is Notional Loss(09.06.2022)

Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that foreign exchange derivative losses can be allowed for deduction as it is notional .....

Tags : ITAT, Foreign Exchange Derivative

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Notifications & Circulars

E-commerce definition introduced in Foreign Trade Policy(11.04.2016)

The Ministry of Commerce and Industry introduced a definition for ‘e-commerce’ in Chapter 9 of the Foreign Trade Policy 2015-2020. It is defined as th.....

Tags : Dgft, foreign trade policy, e-commerce

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CBEC’s ambiguous clarification on gifts from abroad(11.04.2016)

The Central Board of Excise and Customs threw the baby out with the bathwater with its latest memo to customs and excise Chief Commissioners. As anyon.....

Tags : Customs, gift, courier, foreign country

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Banks now able to authorise establishment of branch office of foreign entities(12.04.2016)

The Reserve Bank of India has empowered AD Cat-I Banks to grant approvals for establishment of Branch Offices, Liaison Offices and Projects Offices in.....

Tags : Foreign entity, branch office, bank

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Application for Enforcing Foreign Award Not to be Dismissed Merely for Not Producing Documents: SC(19.11.2018)

Supreme Court has held that at initial stage of filing of application for enforcement of foreign award non-compliance of the production of documents m.....

Tags : Supreme Court, Foreign Awards

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#Major Changes Implementing From Today: 5% Tax to be Levied on Foreign Fund Transfer(01.10.2020)

Any amount sent abroad to buy foreign tour packages, and every other foreign remittance made above Rs.7 Lakhs, will attract a tax-collected-at source .....

Tags : Foreign Fund Transfer, Tax Collected at Source

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MHA Amends FCRA Rules(04.07.2022)

Ministry of Home Affairs (MHA) has amended the Foreign Contribution (Regulation) Rules 2011 exempting annual receipts up to Rs 10 lakh from foreign re.....

Tags : Ministry of Home Affairs, Foreign Contribution (Regulation) Rules, Foreign Relatives

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DGFT Exempts IGST And Compensation Cess Under Advance Authorisation, EPCG, And EOU Scheme(06.07.2022)

Directorate General of Foreign Trade (DGFT) has notified the exemption of Integrated Goods and Service Tax (IGST) and Compensation Cess under Advance .....

Tags : DGFT, Exemption, Foreign Trade Policy

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Supreme Court Dismisses IT Department’s Appeal Against RCom(23.11.2016)

Supreme Court has dismissed Income Tax (IT) Department’s appeal seeking to tax proceeds of $1.5-billion Foreign Currency Convertible Bonds (FCCBs) iss.....

Tags : Supreme Court, Income Tax, Foreign Currency Convertible Bonds, Reliance Communications

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RBI Directs Banks Not to Grant/Renew Permissions to Foreign Law Firms for Opening Liaison Offices(24.11.2020)

Reserve Bank of India has directed the banks not to grant fresh permissions/ renewal of permission to any foreign law firm for opening of Liaison Offi.....

Tags : Reserve Bank of India, Permissions to Foreign law Firms

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Income Tax Amendment Rules(27.06.2016)

The Central Board of Direct Taxes notified the 18th and 19th amendments to the Income Tax Rules 1962, introducing provisions for “foreign tax credit” .....

Tags : foreign tax credit, deduction

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System for reporting banks’ associations discontinued(30.06.2016)

The Reserve Bank of India discontinued the Quarterly Reporting System - foreign branches/subsidiaries/joint ventures/associates of Indian Banks , with.....

Tags : quarterly reporting system, foreign branches, associations, indian banks

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RBI Master Direction Risk Management and Inter-Bank Dealings(05.07.2016)

The Reserve Bank of India introduced Master Directions effecting change in the way banks manage risk for national and international borrowers.

.....

Tags : rbi, loan facilities, foreign exchange, risk management

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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2016(24.10.2016)

In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1.....

Tags : Regulations, Foreign exchange, Transfer

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Delhi HC: Government Under No Obligation to Raise Dispute with Foreign Nation Qua Private Claim(05.12.2016)

Delhi High Court has said that Government of India is under no obligation to raise a dispute with a Foreign Government qua the private claim of its ci.....

Tags : Delhi High Court, Foreign Government, private claim

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Delhi Court Orders Deportation of 8 Foreigners During Pendency of Revision Against Their Discharge(09.11.2020)

Delhi Court has ordered for deportation of 8 Kazak nationals related to Tablighi Jamaat while a revision petition against their discharge is pending b.....

Tags : Delhi Court, Deportation of Tablighi Jamaat Foreigners

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CESTAT: Blending, Bottling, and Packaging of IMFL not subject to Service Tax(08.08.2022)

Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench has held that blending, bottling, and packaging of Indian-made foreign liq.....

Tags : CESTAT, Indian-Made Foreign Liquor, Service Tax

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ITAT: Forex Transaction to Hedge Foreign Currency Risk is Not Speculative(10.08.2022)

Income Tax Appellate Tribunal (ITAT), Chandigarh Bench while allowing deduction, has held that the Forex transaction to hedge foreign currency risk is.....

Tags : ITAT, Forex Transaction, Hedge Foreign Currency

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ITAT: Foreign Travel Expenses to Secure Capital Investment Can’t be Allowed as Business Expenditure(17.08.2022)

Income Tax Appellate Tribunal (ITAT), Bangalore Bench has held that the foreign travel expenses relating to secure the capital investment in the busin.....

Tags : ITAT, Capital Investment, Foreign Travel Expense

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SC Allows Foreigners to Submit Representations Seeking Permission to go Back(16.10.2020)

Supreme Court has allowed foreign citizens, who are facing criminal proceedings in Delhi for participating in the Tablighi Jamaat congregation at Niza.....

Tags : Supreme Court, Tablighi Jamaat Foreigners

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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations, 2016(24.10.2016)

In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1.....

Tags : Regulations, Foreign exchange, Transfer

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Abolishment of Foreign Investment Promotion Board(01.02.2017)

While presenting the General Budget 2017-18 in Lok Sabha here today, the Union Finance Minister, Shri Arun Jaitley proposed that the Foreign Investmen.....

Tags : Board, Abolishment, Foreign investment

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Foreign Jobs for Indians(02.08.2017)

The exact numbers of foreign jobs for Indians in foreign countries is not available with the Ministry as many countries do not have policy to share th.....

Tags : Foreign Jobs, Indians, Availability

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ITAT: Income Received Under FPS Introduced Under Foreign Trade Policy 2004 Are Capital Receipts(14.07.2022)

Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that income received under Focus Products Scheme (FPS) introduced under Foreign Trade Polic.....

Tags : ITAT, Foreign Trade Policy, Focus Products Scheme

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Delhi HC: CPC Contemplates Execution of Foreign Decree And Not an Order(21.07.2022)

Delhi High Court has held that remedy before the foreign arbitral tribunal would not be inefficacious when the bulk of the assets of a party are locat.....

Tags : Delhi High Court, Interim Order, Foreign Seated Arbitration

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SC: TDS to be Deduced from LTC if Foreign Visit is Involved(07.11.2022)

Supreme Court while observing that Leave Travel Concession (LTC) is not for foreign travel has held that amount received by the SBI employees towards .....

Tags : Supreme Court, LTC, Foreign Visit

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Price Escalation and Change in Foreign Law can't be Considered Force Majuere : Delhi HC(18.01.2019)

Delhi High Court has held that escalation of price of coal and change in law abroad will not amount to "force majuere" under the agreement, so as to a.....

Tags : Delhi High Court, Price Escalation and Change in Foreign Law

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NCLT can’t Decide Legality of a Foreign Decree: NCLAT(05.12.2018)

National Company Law Appellate Tribunal has held that NCLT, the ‘adjudicating authority’ under the Insolvency and Bankruptcy Code, was not a ‘court’ o.....

Tags : NCLAT, NCLT, Foreign Decree

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Kerala HC to State: Set Up Temporary Detention Centres for Foreign Citizens Without Travel Documents(01.08.2022)

Kerala High Court has directed the State Authorities and Secretary, Social Justice Department, to set up temporary detention centers for foreign citiz.....

Tags : Kerala High Court, Detention Centers, Foreign Citizens

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Investment by Foreign Portfolio Investors in Corporate Bonds(26.11.2015)

The Reserve Bank of India has permitted Foreign Portfolio Investors to acquire NCDs/bonds which are under partial or full default of repayment of prin.....

Tags : Foreign portfolio investors, corporate bonds, default

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Accepting of Unique Identity Number of Foreign Diplomatic Missions / UN Organizations while making sales or supplies(13.11.2017)

Various representations have been received from Foreign Diplomatic Missions / UN Organizations regarding unwillingness of the vendors / suppliers to r.....

Tags : Identity Number, Supply, Foreign Missions

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No permission to foreign law firms to open Liaison Office(29.10.2015)

The Reserve Bank of India has notified, in compliance with Supreme Court of India directions that foreign law firms are not allowed to open Liaison Of.....

Tags : Foreign law firm, liaison, office, rbi

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Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives(21.09.2017)

1. Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to circular no.FMD.MSRG.No.75/02.05.002/2012-13 dated March 13, 2013 o.....

Tags : Trade Repository, Foreign Exchange, Interest Rate

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NCLAT: Liability of Personal Guarantor Survives Even on Becoming Citizen of Foreign Country(02.08.2022)

National Company Law Appellate Tribunal (NCLAT), New Delhi Bench has held that liability of Personal Guarantor doesn’t extinguishes upon subsequent ac.....

Tags : National Company Law Appellate Tribunal, Personal Guarantor, Foreign Citizenship

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Supreme Court Seeks Reply in Case of Violation of Foreign Funding Laws by Political Parties(11.08.2015)

Supreme Court has ordered Government to file reply on violation of Foreign Funding laws by Political Parties within 3 weeks.

Tags : Supreme Court, Foreign Funding Laws

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Delhi HC Orders Expeditious Completion of Legal Formalities for Adoption by Foreign Couple(28.11.2022)

Delhi High Court while paving way for an inter country adoption by a foreign couple, has directed authorities to expeditiously conclude all legal form.....

Tags : Delhi High Court, Adoption, Foreign Couple

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Cal. HC: Section 9 of A&C Act Applies to Foreign Seated Arbitration Also(05.12.2022)

Calcutta High Court has held that Section 9 of Arbitration and Conciliation Act is a provision that is in aid of arbitration proceedings in contrast t.....

Tags : Calcutta High Court, Arbitration, Foreign Seated

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SC Asks State to Provide Information on Detention Centres and Foreigners Detained in Assam(29.01.2019)

Supreme Court has required the State to furnish details of the number of Detention Centres in Assam and the number of inmates they house while hearin.....

Tags : Supreme Court, Foreigners Detained in Assam

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Bhopal Gas Tragedy: SC Agrees to Hear Petition for Additional Compensation from Union Carbide(29.01.2019)

Supreme Court has agreed to hear in April the curative petition filed by the Centre in 2011 for additional compensation for Bhopal gas tragedy victims.....

Tags : Supreme Court, Foreigners Detained in Assam Bhopal Gas Tragedy

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RBI proposes foreign investors hold securities in demat(09.05.2016)

The Reserve Bank of India proposed requiring foreign investment by non-residents in debt, equity and securities be made only in dematerialised form.

Tags : Demat, foreign investor, transparency

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Foreign investment limits in Credit Information Companies revised(19.05.2016)

Foreign Direct Investment caps in Credit Information Companies have been raised significantly, including up to 100 per cent foreign ownership.

Tags : Credit information company, foreign investment

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Minister of state of MSME released national foreign trade directory(26.04.2018)

Giriraj Singh, Minister of State (independent Charge) for Micro, Small & Medium Enterprises (MSME), Government of India & MSME Secretary, Dr. Arun Kum.....

Tags : Directory, Release, Foreign trade

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Monitoring of foreign investment limits in listed Indian companies(03.05.2018)

1. Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Foreign Exchange Management (Transfer or Issue of Security by a perso.....

Tags : Foreign investment, limits, Monitoring

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SC: Paragraph 3A of Foreign Tribunal Order Attracted Where Proceedee Fails to Appear(25.03.2021)

Supreme Court has stated that Paragraph 3A of the Foreigners (Tribunal) Order, 1964, in so far as it contemplates a period of 30 days to apply to the .....

Tags : Supreme Court, Paragraph 3A of Foreign Tribunal Order

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CIVIL - Bombay HC Issues Directives Regarding Foreign Nationals Overstaying by Obtaining Bail Orders(05.03.2019)

Bombay High Court has issued some important directives to deal with issue of foreign nationals who are found to be overstaying or who are found withou.....

Tags : Bombay High Court, Foreign Nationals Overstaying by Obtaining Bail Orders

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SC Allows Woman Declared as Foreigner to File Review in Gauhati High Court(27.01.2021)

Supreme Court has granted liberty to a woman, who was declared as a foreigner by a Foreigners Tribunal in Assam, to file a review petition in the Gauh.....

Tags : Supreme Court, Woman Declared as Foreigner

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SEBI Permits Foreign Players to Buy Shares Via Primary Markets(17.02.2017)

Securities and Exchange Board of India (Sebi) has allowed foreign investors to acquire shares through primary markets in depositories and clearing cor.....

Tags : Securities and Exchange Board of India, foreign investors

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CIVIL - SC Slams Assam Government over Functioning of Foreigners Tribunal(14.03.2019)

Supreme Court has pulled up Assam Government over inadequacies in the functioning of foreigners tribunals in the state and sought details on it by Mar.....

Tags : Supreme Court, Foreigners Tribunal, Assam Government

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DGFT Notifies Export Quota of Broken Rice For LCs Prior To September 08, 2022(14.10.2022)

Director General of Foreign Trade has notified the export quota of broken rice for Letters of Credit (LCs) prior to September 8, 2022, for the Financi.....

Tags : Director General of Foreign Trade, Letters of Credit, broken rice

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Rate of exchange of one unit of foreign currency equivalent to Indian rupees(18.08.2016)

In exercise of powers conferred by Section 14 of Customs Act, 1962 (52 of 1962), and in supersession of notification of the Central Board of Excise an.....

Tags : Foreign currencies, Conversion, Rate of exchange, Determination

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Maintenance of CRR/SLR on Foreign Currency Assets/Liabilities- Reference rate for INR/USD and exchange rate of other major currencies(02.08.2018)

Please refer to our circular DBOD.No.Ret.BC.113/12.01.001/2011-12 dated June 29, 2012 on Maintenance of CRR on FCNR(B) Scheme advising banks to be gui.....

Tags : Maintenance, CRR/SLR, Foreign Currency Assets, Liabilities

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Visa Exemption to Foreign Designers in Handicrafts Sector(26.06.2018)

Handicrafts sector has been exempted from minimum salary condition (Rs. 16.25 lakhs per annum) for grant of employment visa to foreign designers for a.....

Tags : Visa, Exemption, Foreign Designers

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Hedging of Foreign Exchange Risk - Final Directions(07.04.2020)

Draft regulations reviewing facilities for "Hedging of Foreign Exchange Risk by Residents and Non-Residents" were released for public comments in Febr.....

Tags : Foreign Exchange Risk, Hedging, Final Directions

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DGFT Notifies Export Quota of Broken Rice For LCs Prior To September 08, 2022(14.10.2022)

Director General of Foreign Trade has notified the export quota of broken rice for Letters of Credit (LCs) prior to September 8, 2022, for the Financi.....

Tags : Director General of Foreign Trade, Letters of Credit, broken rice

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Supreme Court Seeks Status Report on Foreign Prisoners From Centre(04.05.2017)

Supreme Court has asked Centre to file a report on latest status of foreign nationals, including those from Pakistan, languishing in jails after havin.....

Tags : Supreme Court, Foreign Prisoners

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Telangana HC Gives Green Signal to EFLU to Go Forward with Recruitments(05.03.2021)

Telangana High Court has given green signal to English and Foreign Languages University (EFLU) to go ahead with the recruitment of persons to differen.....

Tags : Telangana High Court, English and Foreign Languages University

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DGFT Introduces E-Tariff Rate Quota System for Imports(08.02.2021)

Directorate General of Foreign Trade (DGFT) has announced the introduction of an online e-Tariff Rate Quota (e-TRQ) System for imports. DGFT has prepa.....

Tags : Directorate General of Foreign Trade, E-Tariff Rate Quota System

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Gauhati HC Quashes Order of Foreign Tribunal Declaring Woman as Foreigner(08.02.2021)

Gauhati High Court has observed that "citizenship of a person is a valuable right" while quashing an order of a Foreigners Tribunal which declared a w.....

Tags : Gauhati High Court, Woman Declared as Foreigner

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Delhi High Court Says No to Defenses Under FEMA For Enforcement of Foreign Arbitral Awards(17.04.2017)

Delhi High Court has held that foreign arbitral award can be enforced in India pertaining to put options, exit at assured return, and guarantee arrang.....

Tags : Delhi High Court, Foreign Arbitral Awards

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Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021(12.10.2021)

In exercise of the powers conferred by clauses (aa) and (ab) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999.....

Tags : Rules, Amendment, Foreign Exchange

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Foreign investment in real estate, infrastructure, alternative funds allowed(21.04.2016)

The Reserve Bank of India allowed foreign investment in the units of Investment Vehicles registered and regulated by Securities and Exchange Board of .....

Tags : investment vehicle, foreign investment

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Foreign Exchange Management (Remittance of Assets) Regulations, 2016(28.04.2016)

The Reserve Bank of India notified the Foreign Exchange Management (Remittance of Assets) Regulations 2016. The Regulations will be applicable in inst.....

Tags : remittance, foreign exchange, nri

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Non-applicability of provisions of Sub-rule (1A) of Rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 to the Foreign Portfolio Investor(04.01.2022)

In exercise of the powers conferred by sub-clause (i) of clause (h) of sub-rule (2) of rule 9A of the Prevention of Money-laundering (Maintenance of R.....

Tags : Non-applicability, Provisions, Foreign Portfolio Investor

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Guj. HC: Life and Liberty of Foreigner Can’t Be Invoked on His Behalf When He is Not in India(11.01.2023)

Gujarat High Court has held that a foreign citizen can’t invoke Right to life and liberty under the Article 21 of Indian Constitution if he is not him.....

Tags : Gujarat High Court, Foreigner, Liberty

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Bombay HC: Explore Technology to Detect Foreign Objects on Rail Tracks(20.03.2017)

Bombay High Court has suggested Railways and Maharashtra Government to explore if there is any technology to detect presence of foreign objects on rai.....

Tags : Bombay High Court, Foreign Objects, Rail Tracks

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SC Slams Assam Government Over Illegal Foreigners(02.04.2019)

Supreme Court has accused Assam Government of playing hide and seek with court's resolve to unravel the mystery of over 40 lakh people not figuring in.....

Tags : Supreme Court, Illegal Foreigners

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Gauhati HC Grants Relief to Assam Resident Whose Deceased Mother was Declared Foreigner(08.02.2023)

Gauhati High Court has granted relief to Assam Resident, aggrieved by an ex-parte opinion of Foreigner's Tribunal, declaring his dead mother a foreign.....

Tags : Gauhati High Court, Foreigner's Tribunal, Citizen

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Delhi HC: Foreign National Can’t Claim Right to be Appointed Guardian of PwD(15.02.2023)

Delhi High Court while hearing plea moved by father who along with his adopted son is US citizens but holds OCI cards, has held that foreign national .....

Tags : Delhi High Court, Foreign National, Guardian

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Gauhati HC Quashes Nagaon Tribunal’s 2018 Decision Declaring Assam Resident a ‘Foreigner’(18.01.2023)

Gauhati High Court while setting aside a 2018 order of Nagaon Trivunal declaring an Assam resident as a foreigner, has observing that the Foreigners T.....

Tags : Gauhati High Court, Foreigner, Foreigners Tribunal

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FIIs/RFPIs/QFIs can now invest up to 40 per cent under PIS in Maruti Suzuki India Limited(14.09.2015)

The Reserve Bank of India notified that Foreign Institutional Investors, Registered Foreign Portfolios Investors and Qualified Foreign Investors can i.....

Tags : Maruti Suzuki, investment, foreign

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Foreign Investment in MSMEs sector(12.12.2022)

Foreign Direct Investment (FDI) is an enabling policy, which is uniformly applicable irrespective of scale and size of eligible investee entities. To .....

Tags : Foreign Investment, MSMEs sector, Promotion

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Gauhati HC Imposes Cost on ERO for Referring Ret. Army Officer to Foreigners Tribunal(21.02.2023)

Gauhati High Court has imposed a cost of Rs. 10,000 on Electoral Registration Officer (ERO) of for referring a retired army personnel who has rendered.....

Tags : Gauhati High Court, Foreigners Tribunal, Citizenship

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Kerala High Court Quashes 'Censure' against KSEB Cashier for WhatsApp Text Against CM(10.05.2021)

Delhi High Court has asked the Ministry of Home Affairs to place on record the procedure for repatriation, adopted in respect of such foreign national.....

Tags : Delhi High Court, Repatriation of Foreign Nationals Without Documents

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Delhi HC Enquires on Procedure for Repatriation of Foreign Nationals Without Documents(10.05.2021)

Delhi High Court has asked the Ministry of Home Affairs to place on record the procedure for repatriation, adopted in respect of such foreign national.....

Tags : Delhi High Court, Repatriation of Foreign Nationals Without Documents

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Gauhati HC Seeks Details of Female Foreigners Staying in Jails with Children Below 6 Years(17.05.2021)

Gauhati High Court has directed the State Government to give details of the mothers, declared as foreigners, who are presently in jails with their chi.....

Tags : Gauhati High Court, Female Foreigners Staying in Jails

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SC: Indian Parties Can Choose a Foreign Seat for Arbitration(22.04.2021)

Supreme Court has held that parties to a contract who are Indian nationals or Companies incorporated in India can choose a forum for arbitration outsi.....

Tags : Supreme Court, Foreign Seat of Arbitration

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Up to 100 per cent FDI in White Label ATM operations(01.10.2015)

Government of India has allowed Foreign Direct Investment up to 100 per cent in White Label ATM Operations, under the automatic route. Some other cond.....

Tags : Atm, foreign investment, hundred, 100

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Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2023(15.03.2023)

In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) of sub-section (2) of sectio.....

Tags : Foreign Portfolio Investors, Amendment, Regulations

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Foreign Investment in MSME sector(07.12.2023)

Foreign Direct Investment (FDI) is an enabling policy, which is uniformly applicable irrespective of scale and size of eligible investee entities. To .....

Tags : Foreign Investment, MSME sector, Schemes

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Foreign investment in Alternative Investment Funds (AIFs)(11.01.2024)

1. The Government of India through gazette notification dated March 07, 2023 and September 04, 2023 has amended the Prevention of Money Laundering (Ma.....

Tags : Foreign investment, AIFs, Circular

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Gau. HC: Res Judicata Not Attracted if Previous Order of Foreigners Tribunal is Unreasoned(06.03.2023)

Gauhati High Court has held that principle of res judicata will not apply to subsequent proceeding before Foreigners Tribunal to determine whether a p.....

Tags : Gauhati High Court, Foreigners Tribunal, Res Judicata

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BCI Allows Registration of Foreign Lawyers/Law Firms in India(15.03.2023)

Bar Council of India has notified the Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 20.....

Tags : Bar Council of India, Foreign Lawyers/Law Firms, Rules

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SC: Law in Force on Date of Taking Final Decision by Authority, Alone Would Be Applicable(20.04.2017)

Supreme Court has set aside a Kerala HC judgment, which had held that law to be applied for consideration of application for grant of foreign liquor l.....

Tags : Supreme Court, foreign liquor licence

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Del. HC: Foreign Jurisprudence on Standard Essential Patent has to be Adapted(31.03.2023)

Delhi High Court has observed that foreign jurisprudence on Standard Essential Patent (SEP) has to be adapted in Indian realities as India’s judge pop.....

Tags : Delhi High Court, Standard Essential Patent, Foreign Jurisprudence

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DGFT Changes Export Policy of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients(15.06.2021)

Director-General of Foreign Trade (DGFT) has notified the changes in the Export policy of Injection Remdesivir and Remdesivir Active Pharmaceutical In.....

Tags : Director-General of Foreign Trade, Export Policy of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients

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Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2020(07.04.2020)

In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) of sub-section (2) of Sectio.....

Tags : Amendment, Regulations, Foreign Portfolio Investors

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No Adoption to Foreign couples without NOC from CARA(11.08.2016)

Ministry of Women and Child Development had issued Model Guidelines for Foster Care, 2015 to be adopted/adapted by the States/UTs as per their require.....

Tags : Foreign Couples, Adoption, Permission

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SC Grants Time to NMC to File Reply in Plea Seeking Mandating Induction of Foreign Medical Graduates(16.06.2021)

Supreme Court has granted three week's time to the National Medical Commission to file its reply in the plea filed seeking direction mandating the ind.....

Tags : Supreme Court, Induction of Foreign Medical Graduates

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Govt. Eases FDI Norms in 15 Major Sectors(16.11.2015)

Government has eased Foreign Direct Investment (FDI) norms in 15 major sectors including defence, civil aviation, broadcasting, to attract overseas fu.....

Tags : Government , Foreign Direct Investment

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Delhi HC Dismisses Plea Seeking Postponement of Foreign Medical Graduate Examination, 2021(14.06.2021)

Delhi High Court has dismissed an application seeking the postponement of the Foreign Medical Graduate Exam, 2021, (FMGE) on an application moved by t.....

Tags : Delhi High Court, Postponement of Foreign Medical Graduate Examination, 2021

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Supreme Court Court Wants Ex-Bureaucrats With Law Experience for Foreign Tribunals(31.05.2019)

Supreme Court has told the Assam Government to include retired bureaucrats, not below the rank of secretary and additional secretary and having judici.....

Tags : Supreme Court, Foreign Tribunals

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ITAT, Hyderabad: Joint Holder in Husband’s Salary Account Not Undisclosed Foreign Account(01.06.2021)

Income Tax Appellate Tribunal (ITAT) Hyderabad has dismissed an appeal by the revenue department wherein it ruled that being a joint account holder in.....

Tags : Income Tax Appellate Tribunal, Undisclosed Foreign Account

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SC Issues Notice in Plea Seeking Direction Mandating Inducting Foreign Medical Graduates(02.06.2021)

Supreme Court has issued notice in plea filed by 3 associations of Foreign Medical Graduates seeking a direction mandating the induction of Foreign Me.....

Tags : Supreme Court, Direction Mandating Inducting Foreign Medical Graduates

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Patent filing figures and trends(20.07.2016)

The Minister for Science and Technology, Y.S. Chowdary, released figures for patent filings in the country.

The number of patents filed in .....

Tags : patents, filed, foreign applicants

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Participation of Foreign Portfolio Investors (FPIs) in Government securities on NDS-OM platform(20.10.2016)

In terms of RBI circular FMRD.DIRD.06/14.03.007/2014-15 dated March 20, 2015, FPIs are currently permitted to transact in the Over-The-Counter (OTC) m.....

Tags : Foreign Portfolio, Investors, Participation

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Permanent residency status for foreigners(29.11.2016)

The Government has decided to grant Permanent Residency Status (PRS) for 10 years with multiple entry to foreign investors making investment of minimu.....

Tags : Status, Residency, Foreigner

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Bombay High Court: Foreign Court Can’t Decide Divorce Plea of Indian Domiciled Couple(21.08.2017)

Bombay High Court has observed that a Foreign Court does not have jurisdiction to decide matrimonial matters of a couple who have Indian domicile and .....

Tags : Bombay High Court, divorce, foreign court

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Del HC: Consent Foreign Award Enforceable Under the New York Convention(05.06.2023)

Delhi High Court has held that consent foreign award is enforceable under the New York Convention/Part II of the Arbitration and Conciliation Act, 199.....

Tags : Delhi High Court, New York Convention, Foreign Award

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DGFT Removes Import Restrictions on Refined Palm Oil, Refined Palm Olein, Potatoes(02.07.2021)

Director-General of Foreign Trade (DGFT) has temporarily removed import restrictions on refined palm oil, refined Palm Olein, Potatoes. According to a.....

Tags : Director-General of Foreign Trade, Import Restrictions on Refined Palm Oil, Refined Palm Olein, Potatoes

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Delhi High Court Awards One Extra Mark to Candidates for Incorrect Question(07.07.2021)

Delhi High Court has ordered for 1 extra mark to be granted to candidates of the Foreign Medical Graduate Examination (FMGE), December 2020, in light .....

Tags : Delhi High Court, Foreign Medical Graduate Examination

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DGFT: Importer Not Required to Furnish Quarterly Returns for Import of Water-Mark Bank Note Paper(14.07.2021)

Director-General of Foreign Trade (DGFT) has notified that the importer is no longer required to furnish quarterly returns for import of Water-mark Ba.....

Tags : Director General of Foreign Trade, Import of Water-Mark Bank Note Paper

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Liberalization of visa regime of India during the last one year(14.11.2018)

India has a robust visa regime to facilitate smooth entry, stay and movement of foreigners in India for legitimate purposes while ensuring the securit.....

Tags : Liberalization, Visa regime, Foreigners

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Determination of rate of exchange of conversion of each of the foreign currencies specified into Indian currency or vice versa with effect from 16th December, 2016(15.12.2016)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board .....

Tags : Conversion, Exchange rate, foreign currencies

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Exchange facility to foreign citizens(03.01.2017)

Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 20 dated November 25, 2016 permitting foreign citizens to exchange fo.....

Tags : Facility, foreign citizens, Exchange

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DGFT Amends Forms ANF-2C to Reduce Exporter’s Regulatory Compliance Burden(16.07.2021)

Director-General of Foreign Trade (DGFT) has amended the ANF-2C to reduce the exporter’s regulatory compliance burden. The DGFT has deleted paragraph .....

Tags : Director-General of Foreign Trade, Forms ANF-2C

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RBI Says No Fresh Permission to Foreign Law Firms for Liaison Office(30.10.2015)

Reserve Bank of India (RBI) has said it would not grant fresh or renewed permission to any foreign law firm to open a liaison office in the country.

Tags : Reserve Bank of India, Foreign Law Firms

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RBI Permits Residents to Conduct Foreign Currency-Rupee Swaps Transactions with Multilateral Bodies(06.11.2015)

Reserve Bank of India (RBI) has permitted domestic entities to conduct foreign currency-rupee swaps with multilateral agencies and allow hedging of lo.....

Tags : RBI, Foreign Currency-Rupee Swaps Transactions

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Government Prescribes Procedure to Furnish Form 67 to Claim Foreign Tax Credit(26.09.2017)

Central Government has prescribed the procedure to be followed to furnish Form 67 to claim foreign tax credit under the provisions of the Income Tax A.....

Tags : foreign tax credit, Income Tax Act, 1961

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Delhi High Court Upholds Validity of Foreign Contributions (Regulation) Act, 2010(28.08.2019)

Delhi High Court has rejected a batch of seven writ petitions and observed that the Central Bureau of Investigation was empowered to investigate in ma.....

Tags : Delhi High Court, Foreign Contributions (Regulation) Act, 2010

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DGFT Extends Date for Mandatory Electronic Filing of Non-Preferential CoO(20.07.2021)

Director-General of Foreign Trade (DGFT) has notified the extension of the date for Mandatory electronic filing of Non-Preferential Certificate of Ori.....

Tags : Director-General of Foreign Trade, Date for Mandatory Electronic Filing of Non-Preferential CoO

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MAT no longer applicable to foreign companies(24.09.2015)

Government of India has decided that with effect from 01.04.2001, the provisions of Section 115JB of the Income Tax Act, 1961 will not be applicable t.....

Tags : Mat, 115jb, income tax, foreign company

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Facilitating Rupee denominated bonds overseas(29.09.2015)

The Reserve Bank of India has put in place a framework for issuance of Rupee denominated bonds overseas, within the remit of the External Commercial B.....

Tags : Indian rupee, denominate, bond, foreign

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Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2019(27.02.2019)

In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1.....

Tags : Foreign Currency, Amendment, Regulations

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Amendment in paragraph 3.06 and 3.08 of Handbook of Procedures of Foreign Trade Policy (FTP) 2015-20(26.08.2015)

The Director General of Foreign Trade made amendments in paragraphs 3.06 and 3.08 - Jurisdictional RA / RA Concerned and Port of Registration of Scrip.....

Tags : Amendment, foreign trade, jurisdiction, scrips

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Report on Applicability of Minimum Alternate Tax on FIIs / FPIs for the period prior to 01.04.2015(27.08.2015)

The Ministry of Finance released its Report on 'Applicability of Minimum Alternate Tax on FIIs / FPIs for the period prior to 01.04.2015'. The Commit.....

Tags : Minimum alternate tax, report, 2015, foreign institutional investors

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Clarifications on Tax Compliance for Undisclosed Foreign Income and Assets(03.09.2015)

The Central Board of Direct Taxes released clarifications on various provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposit.....

Tags : Black money, clarifications, residency, foreign employment

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RBI creates Helpline for guiding Start-ups in India on Forex Matters(22.12.2015)

The Reserve Bank of India has created a dedicated email helpline for start-ups in India, offering guidance and assistance to undertake cross-border tr.....

Tags : Rbi, foreign exchange, start-up, email assistance

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Calcutta HC: Section 9 Arbitration Act Will Apply to Foreign Arbitration Unless Expressly Excluded(06.08.2021)

Calcutta High Court has held that choosing foreign law to govern an arbitration would not in itself exclude the application of Section 9 of the Arbitr.....

Tags : Calcutta High Court, Foreign Arbitration

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DGFT Notifies Procedure and Criteria for Applications for Export of Antigen Tests(19.08.2021)

Director-General of Foreign Trade (DGFT) has notified the Procedure and Criteria for submission, approval of applications for export of COVID-19 Rapid.....

Tags : Director-General of Foreign Trade, Applications for Export of Antigen Tests

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Delhi HC Closes Plea Against Alleged Gathering of Foreign Nationals Seeking Asylum(08.09.2021)

Delhi High Court has closed the plea against the alleged gathering and squatting of a large number of foreign nationals in Delhi's Vasant Vihar area, .....

Tags : Delhi High Court, Gathering of Foreign Nationals Seeking Asylum

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Gauhati High Court Sets Aside Ex-Parte Order Declaring Man as Foreigner(14.09.2021)

Gauhati High Court has observed that citizenship, being an essential right of a person, ordinarily, should be decided based on merit by considering th.....

Tags : Gauhati High Court, Ex-Parte Order Declaring Man as Foreigner

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RBI Increases Investment Limit of FPIs(30.03.2016)

Reserve Bank of India (RBI) has increased investment limit of Foreign Portfolio Investors (FPIs) in central government bonds to Rs 2 lakh crore, from .....

Tags : Reserve Bank of India, Foreign Portfolio Investors

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Securities and Exchange Board of India Unveils New FPI Registration Application(05.02.2020)

Securities and Exchange Board of India has come out with a common application form for registration of foreign portfolio investors, to enhance operati.....

Tags : Securities and Exchange Board of India, Application for Foreign Portfolio Investors Registration

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Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021(19.05.2021)

Whereas, certain draft rules, namely, the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021, were published in the Gazette of Indi.....

Tags : Foreign Investment, Amendment, Rules

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FDI policy for various sectors reviewed(16.11.2015)

The Department of Industrial Policy and Promotion released measures to invite Foreign Direct Investment in 15 key sectors of the economy. Included in .....

Tags : Foreign investment, ease, doing business

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Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019(16.07.2019)

G.S.R.498(E).-- In exercise of the powers conferred by clause (f) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exc.....

Tags : Foreign Exchange, Regulations

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Tel. HC: Indian Courts Must Independently Examine Foreign Court Judgments on Child Custody(14.09.2023)

Telangana High Court has held that while dealing with custody matters of children of foreign nationality, a competent court in India is entitled and i.....

Tags : Telangana High Court, Child Custody, Foreign Court

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RBI Eases Ban for those Looking to Buy Stake of Foreign Firms in India(04.10.2019)

Reserve Bank of India (RBI) has clarified that there would be no “blanket ban” on Indian companies wanting to buy stakes in overseas firms, which alre.....

Tags : RBI, Foreign Firms

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DGFT Notifies Extension of Date for Mandatory Electronic Filing on Non-Preferential CoO(20.10.2021)

Director-General of Foreign Trade (DGFT) has notified the extension of the Date for Mandatory electronic filing of the Non-Preferential Certificate of.....

Tags : Director-General of Foreign Trade, Filing of Certificate of Origin

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Calcutta HC Seeks Response on Application of Foreigners Act, 1946 on Religious Minorities(29.09.2021)

Calcutta High Court has sought the State government's stand on the application of the Foreigners Act, 1946 in respect of prosecution of religious mino.....

Tags : Calcutta High Court, Application of Foreigners Act, 1946 on Religious Minorities

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Kerala HC Disposes Plea Questioning Practices Related To Engaging Foreign Pilots On Contract(30.09.2021)

Kerala High Court has directed a former Indigo Airlines Captain, a Portuguese national who had questioned practices related to engaging foreign pilots.....

Tags : Kerala High Court, Foreign Pilots On Contract

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Del. HC: Severity of Offence Can’t Disentitle Foreigner to Get Parole for Filing SLP(28.09.2023)

Delhi High Court has held that right of a convicted foreigner to file a Special Leave Petition before the Supreme Court can’t be denied merely on the .....

Tags : Delhi High Court, Parole, Foreigner

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Income Tax Department detects Foreign Assets in recent search(29.07.2019)

Income Tax Department conducted searches on 23rd July, 2019 in a group covering 13 premises across 3 States (Delhi, Haryana & Himachal Pradesh).
<.....

Tags : Search, Detection, Foreign Assets

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Amendment in para 5.25 of HBP 2015-20 of the Handbook of Procedures (HBP) of Foreign Trade Policy (FTP) 2015-20(09.10.2017)

In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy (FTP), 2015-20, the Director General of Foreign Trade, hereby mak.....

Tags : Amendment, Procedures, Foreign Trade Policy

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Review of Foreign Direct Investment policy in Insurance sector(23.03.2016)

The Central Governments issued amendments to its ‘Consolidated FDI Policy Circular 2015’ to liberalise foreign direct investment in the insurance sect.....

Tags : Insurance, foreign direct investment, liberalise

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Initiatives to boost domestic and foreign investments(16.12.2021)

Government has taken various steps to boost domestic and foreign investments in India. These include reduction in Corporate Tax Rates, easing liquidit.....

Tags : Initiatives, Domestic, Foreign investments

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Accepting of Unique Identity Number (UIN) of Foreign Diplomatic Missions/UN Organizations while making supplies(22.01.2018)

Complaints have been received from the Foreign Diplomatic Missions/UN Organizations regarding unwillingness of vendors / suppliers / E-commerce websit.....

Tags : UIN, Accepting of, Foreign Diplomatic Missions, UN Organizations

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Govt. Amends FEMA to Enable the Increase in FDI Limit in Insurance Sector(24.08.2021)

Government has notified the amendment in the Foreign Exchange Management (non-debt instruments) Rules, 2019 (FEMA) to enable the increase in foreign d.....

Tags : Government, Foreign Exchange Management (non-debt instruments) Rules, 2019

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Madras High Court Bans Use of Foreign Breeds in Jallikattu(03.09.2021)

Madras High Court has directed the State government to ensure that only native breed of bulls are allowed to participate in Jallikattu. Henceforth, th.....

Tags : Madras High Court, Use of Foreign Breeds in Jallikattu

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RBI Relaxes Deposit Norms for Foreign Missions, Diplomats(06.05.2016)

Reserve Bank of India (RBI) has repealed and superseded regulations under the Foreign Exchange Management (Deposit) Regulations, 2000, in consultation.....

Tags : Reserve Bank of India , Foreign Exchange Management (Deposit) Regulations, 2000,

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DGFT Issues Notice on Non-Compliance and Misclassification of Imported Goods(20.01.2020)

Directorate General of Foreign Trade (DGFT) has issued the notice stating that Non-Compliance and Misclassification of Imported Goods under ‘Others’ C.....

Tags : Directorate General of Foreign Trade, Non-Compliance and Misclassification of Imported Goods

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DGFT: Goods Imported as Gifts Can be Allowed Import Free on Payment of Full Applicable Fees(23.01.2020)

Directorate General of Foreign Trade (DGFT) has clarified that the goods imported as gifts can be allowed to import free on payment of full applicable.....

Tags : Directorate General of Foreign Trade, Import Free on Goods

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Reserve Bank of India Raises Investment Cap for FPIs in Corporate and Government Debt Instruments(24.01.2020)

Reserve Bank of India has raised the investment limit for foreign portfolio investors in Government and Corporate Bonds, in a bid to bring in more for.....

Tags : Reserve Bank of India, Investment Cap for Foreign Portfolio Investors

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Amendment in Para 4.42(3) of Foreign Trade Policy 2015-20(08.11.2021)

In exercise of powers conferred by Section 5 of FT(D&R) Act, 1992, read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from time.....

Tags : Amendment, Foreign Trade Policy

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Application to regularize assets held abroad to be sent to RBI(10.02.2016)

The Reserve Bank of India notified consideration of applications at its Central Office in Mumbai seeking regularisation of assets held abroad by a per.....

Tags : Rbi, foreign asset, black money, regularisation

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Amendments to Foreign Trade Policy 2015-20 - Extension to Integrated Goods and Service Tax (IGST) and compensation Cess exemption under EOU scheme till 01.10.2018 - regd(07.06.2018)

In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from tim.....

Tags : Policy, Foreign Trade, Amendments

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Govt. Relaxes Norms for Foreign Firms to Set Up Branch Offices in India(13.04.2016)

Government has relaxed approval process for foreign firms to set up their branch, liaison and project offices in the country.

Tags : Government , Foreign Firms

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SC: EEFC Forex Gains Not Eligible for Section 80 HHC Deduction(23.11.2023)

Supreme Court has held that gain on foreign exchange fluctuation in the EEFC (Exchange Earners Foreign Currency) account of the assessee can’t be incl.....

Tags : Supreme Court, Foreign Exchange, Gain, Deduction

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Kerala High Court Directs Expeditious Setting Up of Detention Centre for Foreign National(25.10.2021)

Kerala High Court has ordered a detention centre to be immediately set up for Johny Alexander Duran Sola, an El Salvador citizen who was accused of sm.....

Tags : Kerala High Court, Setting Up of Detention Centre for Foreign National

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Kerala HC: Medical Graduate from Foreign University Can Become Eligible to be Enrolled(25.10.2021)

Kerala High Court has held that a medical graduate from a foreign university who has fulfilled all requisite qualifications as per the norms prevailin.....

Tags : Kerala High Court, Medical Graduate from Foreign University

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Delhi HC: Intent of Foreign Seated Defendants to Target Indian Customers Must be Established(27.10.2021)

Delhi High Court has observed that in case of internet trademark infringements, the intent of foreign seated defendants to target Indian customers and.....

Tags : Delhi High Court, Intent of Foreign Seated Defendants

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CBDT Issues Guidelines for Granting Exemption to Foreign Wealth Funds and Pension Funds(28.10.2021)

Central Board of Direct Taxes (CBDT) has issued guidelines for granting an exemption under section 10(23FE) of the Income Tax Act, 1961 to Foreign Wea.....

Tags : Central Board of Direct Taxes, Exemption to Foreign Wealth Funds and Pension Funds

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Director-General of Foreign Trade Issues Trade Notice All IEC Holders or Members of Trade(21.09.2021)

Director-General of Foreign Trade (DGFT) has issued the Trade Notice addressing All IEC Holders or Members of Trade, DGFT Regional Authorities, and Ex.....

Tags : Director-General of Foreign Trade, IEC Holders or Members of Trade

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DGFT Extends Export Obligation Period of Specified Advance and EPCG Authorisations(24.09.2021)

Director-General of Foreign Trade (DGFT) has notified the extension of the export obligation period of specified Advance and Export Promotion Capital .....

Tags : Director-General of Foreign Trade, Obligation Period of Specified Advance and EPCG Authorisations

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Raj. HC: Can’t Refuse Marriage Certificate Merely Because one of the Parties is a Foreign National(11.12.2023)

Rajasthan High Court while observing that the right to equality applies to non-citizens too, has held that it is not justified to refuse registration .....

Tags : Rajasthan High Court, Marriage, Foreign National

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RBI’s Nod to FPIs to Invest in Unlisted Debt Securities(17.05.2016)

Reserve Bank of India (RBI) has allowed Foreign Portfolio Investors (FPIs) to invest in unlisted debt securities as well as in securitised debt instru.....

Tags : Reserve Bank of India , Foreign Portfolio Investors

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CIC Orders Air India to Share Complete Record of PM Modi’s Foreign Travel(10.05.2018)

Central Information Commission has directed Air India to disclose complete record of Narendra Modi’s foreign visits during the financial year 2016-201.....

Tags : Foreign Travel, Narendra Modi

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Supreme Court: NGOs Cannot be Denied Foreign Funds(09.03.2020)

Supreme Court has observed while ruling that the bar under the Foreign Currency Regulation Act, 2010 applied only to political parties that the Govern.....

Tags : Supreme Court, Foreign Funds

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SC Says, Foreign Investor Must Be Protected(02.02.2016)

Supreme Court, in order to give boost to confidence of foreign investors in India, has said their interests must be secured and protected by the count.....

Tags : Supreme Court,Foreign Investor

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RBI Mandates Online Filing of FDI Forms from February 8(02.02.2016)

Reserve Bank of India (RBI) has asked banks to file forms related to Foreign Direct Investment (FDI) only online on the e-Biz portal from February 8.

Tags : Reserve Bank of India , Foreign Direct Investment

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RBI Eases FDI Norms to Boost Start-Ups(03.02.2016)

Reserve Bank of India (RBI) has relaxed several rules including Foreign Direct Investment (FDI) norms to boost start-up activity in the country.

Tags : Reserve Bank of India, Foreign Direct Investment , Start-Ups

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Foreign Funds Case: Supreme Court Asks Indira Jaising, Anand Grover to Reply(14.11.2019)

Supreme Court has sought response from NGO Lawyers Collective and its founding members Anand Grover and Indira Jaising on a plea by the Central Bureau.....

Tags : Supreme Court, Foreign Funds Case

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Ker. HC: If No Remedy Available in Foreign Court, Indian Court Can Protect Best Interest of Child(19.12.2023)

Kerala High Court has held that the Court steps into the shoes of a parent invoking parens patriae jurisdiction, only in circumstances where the Court.....

Tags : Kerala High Court, Foreign Court, Child, Remedy

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Punjab and Haryana HC: Foreign Nationals are Covered Under Senior Citizens Act(03.02.2016)

Punjab and Haryana HC has ruled that foreign citizens living in India are also covered under Maintenance and Welfare of Parents and Senior Citizens Ac.....

Tags : Punjab and Haryana HC , Maintenance and Welfare of Parents and Senior Citizens Act, 2007, foreign citizens

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DGFT Issues Advisory on Safe Custody of Digital Tokens, Documents, Scrips(30.11.2021)

Director-General of Foreign Trade (DGFT) has issued the Advisory on safe custody of digital tokens, documents, scrips, etc. Under the revamped online.....

Tags : Director-General of Foreign Trade, Safe Custody of Digital Tokens, Documents, Scrips

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DGFT Notifies Date for Electronic Filing of RCMC or RC through Common Digital Platform(01.12.2021)

Director-General of Foreign Trade (DGFT) has issued the Trade Notice in respect of the Electronic filing of Registration Cum Membership Certificate (R.....

Tags : Director-General of Foreign Trade, Electronic Filing of RCMC or RC through Common Digital Platform

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I-T Clarification on US Tax Law Enforcement(22.02.2016)

Income Tax Department has clarified that all upcoming reporting in May 2016 for purpose of adhering to the US Foreign Account Tax Compliance Act (FATC.....

Tags : Income Tax Department, US Foreign Account Tax Compliance Act

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Gauhati High Court Orders Release of Woman Declared Foreigner Even Before Tribunal’s Order(27.12.2019)

Gauhati High Court has directed the Superintendent of Police (Border) Sivasagar to release a woman from the detention centre at Jorhat on the account .....

Tags : Gauhati High Court, Foreigner

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DGFT Notifies Extension of Date for Mandatory Electronic Filing of Non-Preferential CoO(16.11.2021)

Director-General of Foreign Trade (DGFT) has notified the extension of the Date for Mandatory electronic filing of Non-Preferential Certificate of Ori.....

Tags : Director-General of Foreign Trade, Mandatory Electronic Filing of Non-Preferential CoO

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DGFT Issues Trade Notice to Importer-Exporter Codes for Deactivation(22.11.2021)

Directorate General of Foreign Trade (DGFT) has issued the trade notice to all Importer-Exporter Codes (IECs) which have not been updated after Januar.....

Tags : Directorate General of Foreign Trade, Importer-Exporter Codes

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Ministry of External Affairs to Allow Transit of Foreign Nationals Stranded in India(03.04.2020)

Ministry of Home Affairs has decided to allow transit of foreign nationals stranded in India in view of the representations made by some foreign count.....

Tags : Ministry of External Affairs, Transit of Foreign Nationals

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Gujarat HC: Foreign Nationals in Violation of Visa Norms to be Dealt with 'Firm Hand'(06.04.2020)

Gujarat High Court has observed that the Central Government should deal with the violators of Visa laws with a "firm hand", in the backdrop of Tabligh.....

Tags : Gujarat High Court, Foreign Nationals in Violation of Visa Norms

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Gujarat HC: Foreign Nationals in Violation of Visa Norms to be Dealt with 'Firm Hand'(06.04.2020)

Gujarat High Court has observed that the Central Government should deal with the violators of Visa laws with a "firm hand", in the backdrop of Tabligh.....

Tags : Gujarat High Court, Foreign Nationals in Violation of Visa Norms

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Gauhati HC Sets Aside Order of Forigners Tribunal Declaring Resident of Jorgah Village as Foreigner(14.01.2022)

Gauhati High Court has set aside an order passed by a Foreigners' Tribunal declaring a resident of Jorgah village, Sonitpur as a foreigner after notin.....

Tags : Gauhati High Court, Declaring Resident of Jorgah Village as Foreigner

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Gauhati High Court Denies Relief to Person Declared Foreigner on Admission of Guilt(08.02.2022)

Gauhati High Court has held that its inherent power under section 482 of the Code of Criminal Procedure, 1973 is not to be exercised in a routine mann.....

Tags : Gauhati High Court, Relief to Person Declared Foreigner

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DGFT Notifies Indian Trade Classification (Harmonised System) 2022 as per Finance Act, 2021(11.02.2022)

Director-General of Foreign Trade (DGFT) has notified the Indian Trade Classification (Harmonised System) 2022 (ITC (HS) 2022) to sync with the Fina.....

Tags : Director-General of Foreign Trade, Indian Trade Classification (Harmonised System) 2022

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SC: Limitation Period for Decree by Foreign Court, Period Prescribed in Reciprocating Foreign Country(18.03.2020)

Supreme Court has held that the limitation period for executing a decree passed by a foreign Court from the reciprocating country in India will be the.....

Tags : Supreme Court, Limitation for Decree by Foreign Court

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