The Union Cabinet of India has approved the introduction in Rajya Sabha the Registration of Marriage of Non-Resident Indian (NRI) Bill, 2019. The bill empowers passport authorities to impound or revoke passport or travel documents of NRIs who fail to register their marriage in India or Indian Missions & Posts within 30 days of getting married in India or abroad. The Bill is an outcome of a joint initiative of the Ministry of External Affairs, Ministry of Women and Child Development, Ministry of Home Affairs and Ministry of Law and Justice. The objective of the Bill is to create more accountability and offer more protection against the exploitation of Indian women by their NRI spouses. It envisages (i) Registration of Marriages by Non-Resident Indians; (ii) Amendment of the Passports Act 1967 and (iii) Amendment to the Code of Criminal Procedure 1973. The introduction of the Bill was necessitated by the Ministry of External Affairs due to numerous complaints received from Indian nationals mostly women deserted or harassed by their Non-Resident Indian Spouses. It also provides provisions for attachment of properties belonging to the NRI, if he does not appear before the Court and is declared as Proclaimed Offender by the Court. The Bill proposes to offer greater protection to Indian women married to NRIs and serve as a deterrent to NRIs against harassment of their spouses. The Bill if passed in Lok Sabha as we would provide much-needed relief to all Indian women married to NRIs worldwide.
The Foreign Exchange Management Act (FEMA) is a law enacted by the Government of India in 1999 to control the flow of foreign currency across Indian borders.FEMA aims to facilitate external trade and their payments in India, a systematic improvement and continuation of foreign exchange in the Indian market.It’s important for Indians working abroad to understand FEMA rules for NRIs very carefully since it can affect the way they can send and receive funds from India.Let’s look at five FEMA Regulations for NRIs: 1. Maintaining a Bank Account You need to operate bank accounts that are specifically designated for NRIs. FEMA rules for NRIs do not allow holding a savings bank account. There are 3 major types of accounts as stipulated by the Reserve Bank of India (RBI)that you can open: - NRO account - If you want to send money earned abroad back to India. - NRE account - For repatriable or moveable assets like securities and cas...
Comments
Post a Comment