Persons of Indian Origin
PIO for this purpose is defined in Regulation 2 of FEMA Notification ibid as a citizen of any country other than Bangladesh or Pakistan, if
(a) he at any time held Indian passport; or
(b) he or either of his parents or any of his grandparents was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955); or
(c) the person is a spouse of an Indian citizen or a person referred to in sub-clause (a) or (b).
By
Siddharth Dalmia, B.Tech.(DAIICT)
Crytocurrency as Legal Tender in India
The word “currency” is defined in Section 2(h) of the Foreign Exchange Management Act, 1999 (hereinafter, “FEMA”) to include “all currency notes, postal notes, postal orders, money orders, cheques, drafts, travelers’ cheques, letters of credit, bills of exchange and...
Current account transactions under FEMA
The current account transaction has been defined under Section 2(j) of FEMA which states as under: Current account transaction means a transaction other than a capital account transaction and without prejudice to the generality of the foregoing such transaction...
Process of Criminal Trial in India
*The flow chart below is indicative & for general guidance only. India has a well-established statutory, administrative and judicial framework for criminal trials. Indian Penal laws are primarily governed by 3 Acts: The Code of Criminal Procedure, 1973 (Cr.P.C.);...
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