INTRODUCTION Letter of Credit (‘LC’) is a very common document used in international trade. It is a letter issued by the buyer’s bank, guaranteeing payment to the seller upon fulfilment of conditions mentioned therein. Generally, these conditions are with respect to presentation of certain documents evidencing transportation/ shipping of goods. In recent times, due to...
Cross Border Merger Regulations Enacted – A Boost to Foreign Investment in India INTRODUCTION The Reserve Bank of India has finally enacted the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 vide notification No. FEMA 389/2018-RB dated 20th March 2018. Before the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 coming into force, the Companies...
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