Rulings
HC: ED reservations can’t deter RBI from permitting remittance to foreign subsidiary
AT PMLA: Upholds penalty on Co., MD for ODI in step-down subsidiaries without RBI approval
SC: Upholds penalty imposed by ED on Company’s MD for ‘continuing offence’ under FEMA
SC: 25 Key Excerpts from SC’s landmark ruling quashing RBI Circular on cryptocurrency trades in India
HC: Rampant LOCs’ issuance for individual commercial transaction defaults would open “flood-gate of abuse”
HC: Rejects PMC Bank account-holders’ challenge to withdrawal restrictions; Cannot interfere with RBI’s wisdom
HC: Sets aside RBI order rejecting FEMA compounding application; Rejects ‘Rule 8 proviso’ defense
HC: Dismisses D.K. Shivakumar's writ challenging ED summons pursuant to income-tax search u/s 132
AT PMLA: Appellate Tribunal invokes 'proportionality' doctrine, spares Rajasthan Royals owners FEMA penalty blushes
HC: Quashes Review Committee’s order declaring Company as ‘Wilful Defaulter’ without providing reasons
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