Foreign Exchange Management (Overseas) Investment Rules, 2022, and Foreign Exchange Management (Overseas) Investment Regulations, 2022 notified. These replace the erstwhile Foreign Exchange Management (Transfer or issue of any Foreign Security) Regulations, 2004, and Foreign Exchange Management (Acquisition and Transfer of any Immovable Property outside India) Regulations, 2015. In this article, we briefly discuss the Overseas…
A bond is a financial instrument that allows you to borrow money. It’s similar to a promissory note. A bond can be launched or issued by the government of a country or by a company to raise cash. Government bonds (also known as G-secs in India, Treasury in the United States, and Gilts in the…
The Reserve Bank of India (RBI) is the governing body for regulating and supervising the banks. The banking Regulation Act, of 1949 is an Act that provides a framework for regulating the banks of India. The Act came into force on 16th March 1949. This Act gives RBI the power to control the behavior of…