⌖ Rules & Regulations / §05
The allied rule-book — FEMA Regulations and Rules, PMLA Maintenance of Records Rules, RBI Master Directions, NCLAT and DRT rules, Stamp Rules, Benami Rules, Black Money Rules and the RTI Rules. The procedural skin around every cross-border, anti-money-laundering or banking engagement.
30 rules
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
Central Government / RBI
Schedule I prohibited transactions, Schedule II RBI-approval list and Schedule III LRS-route limits — the working code for outward current-account remittances.
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
Defines the categories of capital-account transactions permitted for residents and non-residents — investment, borrowing, ESOP, immovable property and remittance of assets.
NDI Rules
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
Central Government / RBI
The post-2019 FDI / NDI code — sectoral caps, downstream investment, pricing, FCTRS / FCGPR reporting and the press-note 3 government-route conditions.
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
Investment by non-residents in government securities, corporate bonds, debentures and money-market instruments under the FPI and VRR routes.
OI Rules
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
Central Government
The reformed 2022 ODI code — ODI by automatic route, financial services-sector conditions, round-tripping carve-out and APR / Form FC reporting.
OI Regs
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
RBI-issued operating framework that accompanies the OI Rules — Form FC, ODI-Part I/II/III, restructuring, disinvestment and transfer of ODI.
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
External Commercial Borrowings framework — automatic / approval route, all-in-cost ceiling, end-use restrictions and Form ECB / ECB-2 reporting.
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
Conditions under which NRIs, OCIs and foreign nationals may acquire, hold, transfer or repatriate immovable property in India.
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
Procedure for FNC application, AD Bank routing, permissible activities and annual reporting in Forms AAC and ECB.
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
Period of realisation of export proceeds, repatriation requirements and surrender of unused foreign exchange.
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
Permitted channels for receipt and payment of foreign exchange — ACU, RVM, Special Vostro accounts and the rupee-trade-settlement framework.
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
NRE / NRO / FCNR(B) account framework, deposit by non-residents in Indian companies and acceptance of deposits in foreign exchange.
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
EDF / SOFTEX declaration, period of realisation, write-off, advance against exports and the e-BRC closure framework.
⌖ Made under
Foreign Exchange Management Act, 1999 (Section 15)
⌖ Authority
RBI / ED
Procedure for compounding of FEMA contraventions — quantum, compounding authority threshold and pre-condition of remedial action.
PMLA-MoR
⌖ Made under
Prevention of Money Laundering Act, 2002
⌖ Authority
FIU-IND / ED
KYC, customer due diligence, record-keeping, STR / CTR / NTR / CCR reporting by banks, NBFCs, intermediaries and CA / CS / CMA firms acting as reporting entities.
⌖ Made under
Prevention of Money Laundering Act, 2002
⌖ Authority
PMLA Appellate Tribunal
Procedure for appeals from Adjudicating Authority orders — Form 1 appeal, Form 2 cross-objection and limitation provisions.
⌖ Made under
Prevention of Money Laundering Act, 2002
⌖ Authority
ED
Procedural Rules for search, seizure and freezing of property under PMLA — Forms 1-9 and the obligation to forward reasons to the Adjudicating Authority.
⌖ Made under
Reserve Bank of India Act, 1934
⌖ Authority
RBI
Procedure for refund of value of mutilated, soiled, defective and imperfect bank notes.
⌖ Made under
Reserve Bank of India Act, 1934 (Chapter III-B)
⌖ Authority
RBI
Four-layer scale-based regulatory framework for NBFCs — Base, Middle, Upper and Top Layer — with progressively stricter capital, governance and disclosure norms.
⌖ Made under
Banking Regulation Act, 1949 / PMLA, 2002
⌖ Authority
RBI
Customer identification, due diligence, periodic updation, V-CIP, central KYC registry and reporting under the consolidated KYC master direction.
LRS MD
⌖ Made under
Foreign Exchange Management Act, 1999
⌖ Authority
RBI
USD 2,50,000 per financial year LRS framework — permissible and prohibited transactions, TCS interface and remittance through AD banks.
⌖ Made under
Banking Regulation Act, 1949
⌖ Authority
RBI
Procedural Rules for licensing, branch expansion, liquidity-coverage reporting and amalgamation of banking companies.
⌖ Made under
Indian Stamp Act, 1899
⌖ Authority
Central / State revenue authorities
Manner of stamping, denomination and supply of impressed and adhesive stamps, refund and renewal procedure.
⌖ Made under
Indian Stamp Act, 1899 (as amended in 2019)
⌖ Authority
Department of Revenue / SEBI
Centralised, exchange-collected stamp duty on securities transactions from 01 Jul 2020 — duty rates, collection mechanics and state-wise apportionment.
RTI Rules
⌖ Made under
Right to Information Act, 2005
⌖ Authority
DoPT / Central Information Commission
Fee structure, format of application, manner of appeal and procedure before the Central Information Commission.
⌖ Made under
Negotiable Instruments Act, 1881
⌖ Authority
Magistrate courts
Procedure for interim compensation under Section 143A and appellate deposit under Section 148 in Section 138 cheque-dishonour cases.
⌖ Made under
Recovery of Debts and Bankruptcy Act, 1993
⌖ Authority
DRT / DRAT
Procedure for filing OAs by banks and FIs, securitisation appeals under SARFAESI, and appeals before the DRAT.
⌖ Made under
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
⌖ Authority
RBI / DRT
Procedure for issue of demand notice under Section 13(2), taking possession, valuation and sale of secured assets.
⌖ Made under
Benami Transactions (Prohibition) Act, 1988
⌖ Authority
Benami Appellate Tribunal
Procedure for appeals against the Adjudicating Authority's confirmation of provisional attachment — Form 1 memorandum of appeal and time limits.
⌖ Made under
Banking Regulation Act, 1949
⌖ Authority
RBI / C&AG
LFAR (Long Form Audit Report) framework for statutory branch and central auditors of public sector banks.
