Category: RBI

Transfer or Issue of Security by a Person Resident outside India – Regulation

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2019 RESERVE BANK OF INDIA(Foreign Exchange Department)(CENTRAL OFFICE) NOTIFICATIONMumbai, the 31st January, 2019 No. FEMA. 20(R) (6)/2019-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2019 …

RBI launches Ombudsman Scheme for Digital Transactions 2019

RBI launches Ombudsman Scheme for Digital Transactions 2019 The Reserve Bank of India (RBI) has launched the Ombudsman Scheme for Digital Transactions (OSDT) 2019 for redressal of complaints against System Participants as defined in the said Scheme. The Scheme, launched under Section 18 of the Payment and Settlement Systems Act, 2007, …

RBI permits one-time restructuring of existing loans to MSMEs 

RBI permits one-time restructuring of existing loans to MSMEs  RBI has decided to permit a one-time restructuring of existing loans to MSMEs that are in default but ‘standard’ as on January 1, 2019, without an asset classification downgrade. As per Press Release of RBI, the issue of restructuring …
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