Month: March 2017

BENAMI PROPERTY LAW & IMPLICATION

16 March 2017

BENAMI PROPERTY LAW & IMPLICATION It looks like the current demonetisation drive is just the beginning of anti-corruption stir and will spur on a number of measures to rid India of its corrupt image. After this demonetisation drive ,the next whacking axe is set to fall against ‘ Benami’ property owners. A warning has been issued by our PM Narendra Modi, who has said clearly , “I am not going to stop at this. I will expose the history of corruption of 70 years since Independence.” People with sur...

RBI/FED/2015-16/3 FED Master Direction No. 7/2015-16

2 March 2017

MASTER DIRECTION - LIBERALISED REMITTANCE SCHEME (LRS) RBI/FED/2015-16/3 FED Master Direction No. 7/2015-16 The captioned Scheme was introduced on February 4, 2004, vide A.P. (DIR Series) Circular No. 64 dated February 4, 2004 read with GoI Notification G.S.R. No.207(E) dated March 23, 2004, as a liberalization measure to facilitate resident individuals to remit funds abroad for permitted current or capital account transactions or combination of both. These Regulations are amended from time to t...