The Rajya Sabha passed the Limited Liability Partnership (Amendment) Bill on 4 August 2021 and on 10 August 2021, Lok Sabha passed the Bill. These amendments are made to boost further the ease of doing business, reduce penalties for various offences, compounding ...
Foreign Exchange Management Act (FEMA), 1999:Regulates foreign exchange transactions. Prevention of Money Laundering Act (PMLA), 2002:Enforces anti-money laundering measures. Payment and Settlement Systems Act, 2007:Regulates payment systems likeUPI, NEFT, and RTGS. RBI’s Prudential Norms:Capital ad...