Through this article, two anti money laundering legislations, namely the Prevention of Money Laundering Act, 2002 (“PMLAâ€) and The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (“BMAâ€) will be briefly discussed.
One of the major advantages to Indian entities of availing funding via RDBs is that they would be receiving money in rupees and therefore would not be required to bear the currency risk.
By: Pranay Bhatia, ELP
Rohan Shah, Managing Partner, Economic Laws Practice, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.