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)

Email:dalmiasiddharth1994@gmail.com

Arbitrage & Cryptocurrencies in India

Mar 30, 2020

#Arbitrage #Crypto #CryptoCurrencies #Virtual Currency #VirtualCurrency #Currency #Crytocoins #VirtualCoins #Bitcoin #Ethereum #Litecoin #Ripple #Indianlaw #Indialaw #India Law #Indian Law #Law #India #FEMA #RBI #Cryptolaw #cryptocurrencylaw #virtualcurrencylaw What...

Crytocurrency Exchanges & Legality

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There is no statutory prohibition on the operation of exchanges in India. Neither has the position regarding the legality of bitcoins and other cryptocurrencies specifically addressed. In IMAI vs RBI[1], the Supreme Court of India looked at the draft bill which has...

Cryptocurrency & FEMA

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The risk relating to FEMA has been highlighted by the RBI ample number of times. In P2P transfers, while the exchange provides a portal to match the orders of a seller and buyer, the consideration would flow directly from the buyer to the seller without the exchanges...