Indian Regulatory Updates

Indian Regulatory Updates

Indian Investors Welcome to Invest Abroad at Their Own Risk

“Indian Investors Welcome to Invest Abroad at Their Own Risk Government Shows No Intention to SafeguardsIndian Investors” In light of the changing demands of businesses in India within an increasingly interconnected global market, it is essential for Indian corporations and citizens to participate in the global value chain. The revised regulatory framework for overseas investment … Continue reading Indian Investors Welcome to Invest Abroad at Their Own Risk

Indian Regulatory Updates

Is RBI Data of Foreign Remittance an Indication that Indian HNIs are not Managing Their Wealth Properly?

Recent data from the Reserve Bank of India (RBI) shows that Indian high-net-worth individuals (HNIs) remitted a total of US$27 billion out of India in the financial year 2022-23. This is a significant increase from the previous year’s figure of US$19.5 billion. The RBI data shows that the majority of this remittance was used for … Continue reading Is RBI Data of Foreign Remittance an Indication that Indian HNIs are not Managing Their Wealth Properly?

Consult Immigration Lawyer

Should I hire a Canada, Australia or New Zealand licensed immigration consultant?

Until 2003, immigration consultants and agents were not regulated in Canada. The Canadian immigration department invited a group of immigration agents and consultants to form a self-regulated organization. Most of the leading agents and consultants in this group were former immigration officers. Only a few of them were lawyers. To judge their English language proficiency, … Continue reading Should I hire a Canada, Australia or New Zealand licensed immigration consultant?

Global Financial Markets

Finally the Cryptocurrency cloud gets a silver lining

The Reserve Bank of India (RBI) confirmed on May 31 that banks and other regulated entities cannot cite its 2018 circular on cryptocurrencies because it was set aside by the Supreme Court (SC) in March 2020. The RBI stated that the circular is no longer effective as of the date of the SC ruling and … Continue reading Finally the Cryptocurrency cloud gets a silver lining

Headlines

Indian Supreme Court Prohibits Practice Of Law By Foreign Lawyers/Law Firms In India

Indian Supreme Court Prohibits Practice Of Law By Foreign Lawyers/Law Firms In India (This judgment has a direct effect on foreign immigration lawyers, immigration consulting firm, and real estate developers who wish to attract Indian HNI for residency and/or citizenship of respective country) The Hon’ble Supreme Court of India recently passed a crucial verdict that … Continue reading Indian Supreme Court Prohibits Practice Of Law By Foreign Lawyers/Law Firms In India

Indian Regulatory Updates

Indian Outbound Investment Up 10x in Six Years – The Opportunity for RCBI-Firms is Unmistakeable

Since independence in 1947, the Indian economic era can be divided into three main periods: 1947 to 1993 1993 to 2007 2007 to the present day. The first period is most accurately described as pre-liberalized – a time when pre-liberalisation of the economic policies was taking place in India. We may regard the second period … Continue reading Indian Outbound Investment Up 10x in Six Years – The Opportunity for RCBI-Firms is Unmistakeable

Indian Regulatory Updates

Indian government allows remittance of fund abroad for immigration purpose

Further liberalization of remittance of investment from India to foreign countries for Immigration purposes; including USA EB-5 investor visa: Over a period of time, the Foreign Exchange Reserve in India has increased India’s foreign exchange (Forex) reserve to $377.751 billion US, the gold reserve to $20.691 billion, SDRs (Special Drawing Rights with the IMF) … Continue reading Indian government allows remittance of fund abroad for immigration purpose

Talk to a lawyer

Planning a move abroad?

Leave your number and a lawyer from the firm calls you back.