The document discusses rules around borrowing and lending between residents and non-residents in India. It states that borrowing between two residents in Indian rupees does not involve foreign exchange. It also describes options for a non-resident guarantor to discharge liability, such as using rupee balances in India, remitting funds to India, or debiting an NRE/FCNR account. The document outlines conditions for non-resident entities to provide credit enhancements for domestic debt issued by infrastructure companies and IFCs.
REVIEW PROCLAMATION NO. 592/2008 AND THE AMENDMENT PROCLAMATION NO. 1159/2019Daniel Gemechu
REVIEW PROCLAMATION NO. 592/2008 AND THE AMENDMENT PROCLAMATION NO. 1159/2019 A PROCLAMATION TO PROVIDE FOR THE AMENDMENT OF RANKING BUSINESS PROCLAMATION
REVIEW PROCLAMATION NO. 592/2008 AND THE AMENDMENT PROCLAMATION NO. 1159/2019Daniel Gemechu
REVIEW PROCLAMATION NO. 592/2008 AND THE AMENDMENT PROCLAMATION NO. 1159/2019 A PROCLAMATION TO PROVIDE FOR THE AMENDMENT OF RANKING BUSINESS PROCLAMATION
Objectives & Agenda :
The Regulations under FEMA regulate the Export transactions of Goods, Services and Currencies. In this Webinar we shall understand the Definition of the term 'Export', 'Services' and 'Currencies'. We will also look at various procedures and compliances involved while Exporting goods or services or currencies.
Guarantee and Bank Guarantee
Scope of Bank Guarantee
Types of Bank Guarantee
Advantages and Disadvantages of Bank Guarantee
Parties to Bank Guarantee
Procedure for applying Bank Guarantee
Audit of Bank Guarantee
Audit objective
Information required
Vouching and Verification
Disclosure requirements of Bank guarantee in Financials
Rbi inflation linked bonds 2013 - National Savings Securities Jagoinvestor
RBI has announced that its going to issue Inflation Indexed National Savings Securities - Cumulative (IINSS-C) for retail investors where one can invest and get returns which will be 1.5% more than the Inflation. These bonds are now coming up as it was announced in the last budget that govt will bring inflation linked products from govt
More at - http://www.jagoinvestor.com/?p=19187
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Objectives & Agenda :
The Regulations under FEMA regulate the Export transactions of Goods, Services and Currencies. In this Webinar we shall understand the Definition of the term 'Export', 'Services' and 'Currencies'. We will also look at various procedures and compliances involved while Exporting goods or services or currencies.
Guarantee and Bank Guarantee
Scope of Bank Guarantee
Types of Bank Guarantee
Advantages and Disadvantages of Bank Guarantee
Parties to Bank Guarantee
Procedure for applying Bank Guarantee
Audit of Bank Guarantee
Audit objective
Information required
Vouching and Verification
Disclosure requirements of Bank guarantee in Financials
Rbi inflation linked bonds 2013 - National Savings Securities Jagoinvestor
RBI has announced that its going to issue Inflation Indexed National Savings Securities - Cumulative (IINSS-C) for retail investors where one can invest and get returns which will be 1.5% more than the Inflation. These bonds are now coming up as it was announced in the last budget that govt will bring inflation linked products from govt
More at - http://www.jagoinvestor.com/?p=19187
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Objectives & Agenda :
External Commercial Borrowings (ECB) are commercial loans raised by eligible resident entities from recognised non-resident entities. The objective of this Webinar is to understand the regulations laid down for the purposes of ECBs. We shall discuss the parameters such as minimum maturity, permitted and non-permitted end-uses, maximum all-in-cost ceiling, and other such conditions relating to ECBs. We shall also look at relevant Statistics.
The Reserve Bank of India (RBI) has formulated the framework for External Commercial Borrowings by Startups. The Banking Regulator vide RBI circular , dated 27 October, 2016 has now permitted Startup Enterprises to access loans under ECB framework. The said Article provides complete details of the circular and also the personal views of the Author.
Impact due to change in residential status - FEMA perspectiveDVSResearchFoundatio
Key Takeaways:
Various bank accounts
ODI and FDI investments
Property held in India and Outside India
Loan transactions
Demat, Insurance policies and PPF accounts
Will the new ECB frameworks change the borrowing strategies for Indian Corpor...SAS Partners
- Understand the basics of the revised overseas borrowing framework
- Enlighten the companies about the new avenues of capital flow.
- Evolve various reporting mechanisms and the consequences of violation
- The implication of revised framework from Banker’s perspective.
Long Term Visa (LTV) is granted to the following categories of persons of Bangladesh, Afghanistan and Pakistan coming to India on valid travel documents i.e. valid passport and valid visa, and seeking permanent settlement in India with a view to acquire Indian citizenship:-
i. Members of minority communities in Bangladesh/ Afghanistan/ Pakistan, namely Hindus, Sikhs, Buddhists, Jains, Parsis and Christians.
ii. Bangladesh/ Pakistan women married to Indian nationals and staying in India; or Afghanistan nationals married to Indian nationals in India and staying in India.
iii. Indian origin women holding Bangladesh/ Afghanistan/ Pakistan nationality married to Bangladesh/ Afghanistan/ Pakistan nationals and returning to India due to widowhood/ divorce and having no male members to support them in Bangladesh/ Afghanistan/ Pakistan.
iv. Cases involving extreme compassion.
Non-resident Indians are a section of people whose roots belong to India and who have migrated from India. The Indian Government is aware of the importance of Indian Diaspora in the form of NRIs/PIOs which is spread all across the world and which despite being away from India is making significant contribution to the Indian economy on a global platform and to the economic, financial and social benefits which have been brought to India; therefore, it attempts to provide benefits to them to attract their investments. They are also called for taking part in the economy. The Indian government gives lot of benefits to NRI not only with respect to ease of making investment in India but also in Taxation. The investment from NRIs is easy money available and provides the much needed leverage to the economy. The Indian Diaspora today constitutes an important, and inimitable, part of the Indian economy. The PPT discusses about he various account that can be opened by NRIs in India
In a move to further rationalize and liberalise the overseas investment central Government and Reserve Bank of India notified Foreign Exchange Management (Overseas Investment) Rules, 2022 and Foreign Exchange Management (Overseas Investment) Regulations, 2022 respectively on 22 Aug 2022.
The revised regulatory framework for overseas investment provides for simplification of the existing framework for overseas investment and has been aligned with the current business and economic dynamics. Immense clarity on Overseas Direct Investment and Overseas Portfolio Investment has been brought in and various overseas investment related transactions that were earlier under approval route are now under automatic route, significantly enhancing "Ease of Doing Business".
As per section 92 of the Income Tax Act,1961 “Any
income arising from an international transaction shall
be computed having regard to the arm's length
price” Where in an international transaction two or
more associated enterprises enter into a mutual
agreement or arrangement for the allocation or
apportionment of, or any contribution to, any cost or
expense incurred or to be incurred in connection with
a benefit, service or facility provided or to be
provided to any one or more of such enterprises, the
cost or expense allocated or apportioned to, or, as
the case may be, contributed by, any such enterprise
shall be determined having regard to the arm's
length price of such benefit, service or facility, as the
case may be.
The 2008 Financial Crisis changed the world of Banking. Many malpractices by the Banks and various financial institutions came into light and the regulators started scrutinizing and penalizing them. The world’s most important number “LIBOR” came under the sword of the Regulators. In this article we will explore the origins and the fall of the once revered LIBOR rate.
THERE ARE QUITE A FEW REGULATORY SPACES
WHICH NEEDS TO BE KEPT IN CONSIDERATION
WHILE MAKING THE REPORT. IN THIS ARTICLE WE
SHALL DISCUSS REGARDING DRAFTING AND THE
CONTENT OF VALUATION REPORT ONE BY ONE IN
DETAIL.
One of the important aspect of Start up is raising of funds. Fundraising is a necessary, and most important task in the life of Start ups. IN THIS ARTICLE GIVES PRELIMINARY INSIGHTS INTO FUND RAISING BY STARTUPS
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
2. STRUCTURED OBLIGATIONS
Borrowing and lending in Indian Rupees between two residents does not attract any
provisions of the Foreign Exchange Management Act, 1999.
In cases where a Rupee loan is granted against the guarantee provided by a non-
resident, there is no transaction involving foreign exchange until the guarantee is
invoked and the non-resident guarantor is required to meet the liability under the
guarantee.
The non-resident guarantor may discharge the liability by
i) payment out of rupee balances held in India or
ii) by remitting the funds to India or
iii) by debit to his FCNR(B)/NRE account maintained with an AD bank in India.
In such cases, the non-resident guarantor may enforce his claim against the resident
borrower to recover the amount and on recovery he may seek repatriation of the amount
if the liability is discharged either by inward remittance or by debit to FCNR(B)/NRE
account. However, in case the liability is discharged by payment out of Rupee balances,
the amount recovered can be credited to the NRO account of the non-resident guarantor.
The Reserve Bank vide its Notification No. FEMA.29/ RB-2000 dated September 26, 2000
has granted general permission to a resident, being a principal debtor to make payment
to a person resident outside India, who has met the liability under a guarantee.
Accordingly, in cases where the liability is met by the non-resident out of funds remitted
to India or by debit to his FCNR(B)/NRE account, the repayment may be made by credit
to the FCNR(B)/NRE/NRO account of the guarantor provided, the amount
remitted/credited shall not exceed the rupee equivalent of the amount paid by the non-
resident guarantor against the invoked guarantee.
The facility of credit enhancement by eligible non-resident entities may be extended
to domestic debt raised through issue of capital market instruments, such as debentures
and bonds, by Indian companies engaged exclusively in the development of
infrastructure and by the Infrastructure Finance Companies (IFCs), which have been
classified as such by the Reserve Bank in terms of the guidelines contained in the
circular DNBS.PD. CC No. 168 / 03.02.089 / 2009-10 dated February 12, 2010, under
the automatic route, subject to the following conditions:
i) credit enhancement should be provided by multilateral / regional financial institutions/
Government owned development financial institutions/ direct foreign equity holder(s) as
per extant ECB guidelines (minimum holding of 25 per cent of the paid up capital) and
indirect foreign equity holder, holding at least 51% of the paid-up capital,
ii) the underlying debt instrument should have a minimum average maturity of seven
years;
iii) prepayment and call / put options are not permissible for such capital market
instruments up to an average maturity period of 7 years;
iv) guarantee fee and other costs in connection with credit enhancement will be
restricted to a maximum 2 per cent of the principal amount involved;
v) on invocation of the credit enhancement, if the guarantor meets the liability and if the
same is permissible to be repaid in foreign currency to the eligible non-resident entity,
vinay@taxpertpro.com ||| info@taxpertpro.com |||09769134554 ||| 09769033172
3. the all-in-cost ceilings, as applicable to the relevant maturity period of the Trade Credit /
ECBs, is applicable to the novated loan. The all-in-cost ceilings, depending on the
average maturity period, are applicable as follows:
Average maturity period of the loan on All-in-cost ceilings over 6 month
invocation LIBOR*
Up to 3 years 350 basis points
Three years and up to five years 350 basis points
More than five years 500 basis points
*for the respective currency of borrowing or applicable benchmark
vi) In case of default and if the loan is serviced in Indian Rupees, the applicable rate of
interest would be the coupon of the bonds or 250 bps over the prevailing secondary
market yield of 5 years Government of India Security, as on the date of novation,
whichever is higher;
vii) IFCs proposing to avail of the credit enhancement facility should comply with the
eligibility criteria and prudential norms laid down in the circular DNBS.PD.CC
No.168/03.02.089/2009-10 dated February 12, 2010 and in case the novated loan is
designated in foreign currency, the IFC should hedge the entire foreign currency
exposure; and
viii) The reporting arrangements as applicable to the ECBs would be applicable to the
novated loans.
For more information visit us at www.taxpertpro.com
Get in touch with us for - Funding option, debt restructuring, External
Commercial Borrowings, Trade Credits, Private Equity Investment.
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