Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Reserve Bank of India has issued the Foreign Exchange Management (Export and Import of Goods and Services) (Amendment) Regulations, 2026, effective September 22, 2026. The amendments update compliance requirements and procedures under FEMA, 1999, for cross-border trade in goods and services.
RBI liberalises foreign remittance norms by removing value thresholds for online submission of Form A2, allowing seamless reporting across all transaction sizes. AD Category-I banks and AD Category-II entities must frame internal guidelines accordingly.
RBI mandates submission of Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) through the CIMS Sankalan portal, replacing the XBRL platform. All banks maintaining NRD accounts must comply with revised reporting protocols.
RBI removes amount thresholds for online submission of Form A2, allowing all remittances to be filed electronically, simplifying forex compliance for authorised dealers.
RBI has updated the FAQs on the Annual Return on Foreign Liabilities and Assets, focusing on compliance deadlines and reporting requirements under FEMA. Entities must ensure they meet the July 15 deadline.
The FEMA FLA Return is a position-based compliance requirement tied to outstanding foreign investments, with a crucial July 15 deadline for filings. The article outlines recent updates and reporting rules to aid compliance.
The RBI has updated its directives to exempt long-term NRE deposits from CRR and SLR requirements for Small Finance Banks, enhancing liquidity management.
Long-term NRE deposits have been exempted from CRR and SLR for Urban Co-operative Banks as per RBI's recent directions, enhancing liquidity.
The RBI has exempted eligible long-term NRE deposits from CRR and SLR for Rural Co-operative Banks, aiding liquidity management.
The RBI has amended its regulations to exempt long-term NRE deposits from CRR and SLR requirements for Regional Rural Banks, enabling better liquidity management.