Cash Method
approved by RBI for investment from abroad u/s FEMA/RBI Rules and
also as per rules of Income ... strict monitoring and control of RBI and FEMA Authorities.
(iii) The required return under FEMA, RBI has been filed with them.
The RBI after scrutiny
transactions in India. Section 10(4)
and Section 11(1) of FEMA empowers RBI to issue
general or special directions or orders to 'Authorised ... letter of
27
RBI dated 26.09.2012 and the letter dated 05.10.2012 addressed by
CARE to RBI.
16. Fact that RBI by its letter dated
India in favour of third country. Accordingly, in terms of the
RBI/FEMA Master Circular No.15/2012-13 dated 02.07.2012 which mandates
that Right ... money was informed to RBI;
(e) Allotment of shares was communicated to RBI in forms FC GPR; and
(f) RBI has acknowledged all the allotments
stamped nor registered under Indian law, nor did
they comply with RBI/FEMA regulations for NRI transactions.
Consequently, the plaintiff claims these documents are void ... cancellation,
undervalued to evade taxes, lacked proper payment channels (violating
RBI/FEMA norms), and involved forged signatures/thumb impressions.
The plaintiff emphasized that she never
October, 2001. As per the requirements of
section 10(6) of FEMA RBI regulation dt. 3.5.2000 and
circular dt. 24.8.2000, supra the formalities for import ... comply
with the requirements of section 10(6) of FEMA, RBI
regulation dt. 3.5.2000 and circular dt. 24.8.2000, supra.
Even when the show cause notice
Current Account
Transactions ( Section 5 FEMA) and Capital Account Transactions ( Section
6 FEMA) and the penalties ( Section 13(1) FEMA). It also discussed the
Foreign ... Issue of Security by a Person
Resident Outside India) Regulations, 2000 (FEMA 20), RBI Circular No. 16
dated 4th October 2004, („October 2004 Guidelines‟), Circular
Siva Group in flagrant violation
of regulatory guidelines of IDBI Bank/RBI/FEMA and to withdraw the
recovery proceedings initiated against M/s.Win Wind ... Medium Term Loan towards
interest payments in violation of various RBI/FEMA
guidelines in order avoid the account becoming NPA with
full knowledge that
transactions that violate FEMA cannot be held to be void. If any act
violates the provisions of FEMA, permission of RBI may be obtained
post ... FEMA Regulations or RBI
guidelines. The RBI in NTT Docomo (supra) had raised an objection that
permission from the RBI is required for transmission
foreign body corporates and submitted the
documents regarding compliance of FEMA and RBI Guidelines
regarding FDI. The Regional Director has, accordingly, sought a
direction ... petitioner companies to ensure compliance of
all the FEMA and RBI Guidelines regarding FDI, in the matter,
from time to time.
25. In this regard
prescribed by RBI to comply with the FEMA guidelines. As per
FEMA Regulations dealing with Foreign Direct Investments, the
shares should be issued to foreign ... obligation for India in favour of a foreign country
and therefore RBI and FEMA require that shares are issued
at a price equal
