OZG Hyderabad

10/01/2026

Discover the intricacies of the Reserve Bank of India (RBI) compounding application process in this specialized session, meticulously tailored for legal professionals and compliance officers. Hosted by Digital Events, this immersive workshop equips participants with actionable expertise on navigating FEMA contraventions through the streamlined portal, RBI hearings, and critical post-approval compliance.

OZG Digital Events demystifies online filing via the RBI's PRAVAAH portal, introduced under the Foreign Exchange (Compounding Proceedings) Rules, 2024. Legal experts guide attendees through registration, document uploads—including FIRCs, filings, board resolutions, and contravention memorandums—and fee payments of Rs. 10,000 via NEFT, RTGS, or demand draft. This digital shift from physical submissions enhances efficiency, allowing suo moto applications or responses to RBI notices, with real-time tracking for faster adjudication.

Delve into RBI hearing protocols where compounding authorities scrutinize applications for gravity of contravention, applicant history, and rectification measures. OZG Digital Sessions cover powers to summon records, mandate corrective actions like unwinding transactions, and structured formats for disclosures on violation nature, amounts, and post-breach compliance. Compliance officers gain strategies to address queries, ensuring hearings lead to compounding orders rather than adjudication or prosecution referrals.

Post-approval, participants master penalty payments into updated RBI accounts, ED undertakings to report parallel proceedings, and Form approvals resumption. OZG Digital Events highlights pitfalls like prior filings (e.g., FDI reports) pending compounding, with checklists for record-keeping and audit trails. Attendees leave empowered to implement robust FEMA frameworks, minimizing recurrence through proactive governance.

Apply for the OZGIAN Membership:
Go to ⬆️ membership.ozgian.com

Book your ticket at the link:
Go to ➡ ticket.ozgdigital.com

Option - 1

Ticket @ ₹999/ + ₹192/ OZGiAN Membership Fee.

Option - 2

Ticket @ ₹999/ + ₹9999/ OZGiAN Membership Fee.

14/07/2024

in New ( , 2023) is replaced with a new section -

The old Indian Evidence Act with has been replaced with the new Act with Section 63 which states as under.

📛 63. (1) Notwithstanding anything contained in this Adhiniyam, any information contained in an electronic record which is printed on paper, stored, recorded or copied in optical or magnetic media or semiconductor memory which is produced by a computer or any communication device or otherwise stored, recorded or copied in any electronic form (hereinafter referred to as the computer output) shall be deemed to be also a document, if the conditions mentioned in this section are satisfied in relation to the information and computer in question and shall be admissible in any proceedings, without further proof or production of the original, as evidence or any contents of the original or of any fact stated therein of which direct evidence would be admissible.

📛 63. (2) The conditions referred to in sub-section (1) in respect of a computer output shall be the following, namely —

(a) the computer output containing the information was produced by the computer or communication device during the period over which the computer or communication device was used regularly to create, store or process information for the purposes of any activity regularly carried on over that period by the person having lawful control over the use of the computer or communication device;

(b) during the said period, information of the kind contained in the electronic record or of the kind from which the information so contained is derived was regularly fed into the computer or communication device in the ordinary course of the said activities;

(c) throughout the material part of the said period, the computer or communication device was operating properly or, if not, then in respect of any period in which it was not operating properly or was out of operation during that part of the period, was not such as to affect the electronic record or the accuracy of its contents; and

(d) the information contained in the electronic record reproduces or is derived from such information fed into the computer or communication device in the ordinary course of the said activities.

📛 63. (3) Where over any period, the function of creating, storing or processing information for the purposes of any activity regularly carried on over that period as mentioned in clause (a) of sub-section (2) was regularly performed by means of one or more computers or communication device, whether —

(a) in standalone mode; or

(b) on a computer system; or

(c) on a computer network; or

(d) on a computer resource enabling information creation or providing information processing and storage; or

(e) through an intermediary,

all the computers or communication devices used for that purpose during that period shall be treated for the purposes of this section as constituting a single computer or communication device; and references in this section to a computer or communication device shall be construed accordingly.

📛 64. (4) In any proceeding where it is desired to give a statement in evidence by virtue of this section, a certificate doing any of the following things shall be submitted along with the

(a) identifying the electronic record containing the statement and describing the manner in which it was produced;

(b) giving such particulars of any device involved in the production of that electronic record as may be appropriate for the purpose of showing that the electronic record was produced by a computer or a communication device referred to in clauses (a) to (e) of sub-section (3);

(c) dealing with any of the matters to which the conditions mentioned in sub-section (2) relate, and purporting to be signed by a person in charge of the computer or communication device or the management of the relevant activities (whichever is appropriate) and an expert shall be evidence of any matter stated in the certificate; and for the purposes of this sub-section it shall be sufficient for a matter to be stated to the best of the knowledge and belief of the person stating it in the certificate specified in the Schedule.

📛 65. (5) For the purposes of this section —

(a) information shall be taken to be supplied to a computer or communication device if it is supplied thereto in any appropriate form and whether it is so supplied directly or (with or without human intervention) by means of any appropriate equipment;

(b) a computer output shall be taken to have been produced by a computer or communication device whether it was produced by it directly or (with or without human intervention) by means of any appropriate equipment or by other electronic means as referred to in clauses (a) to (e) of sub-section (3).

Additionally, a Schedule has been added with the format of a Certificate to be issued under section 63(4)(c).

👁️‍🗨️ OZGiAN.com

Join the Groups to learn more about different cases in this domain.

02/06/2024

*₹ Loan to NRI by Resident Indian*

T&C under regulations:

📌 The loan should be free of interest and the minimum maturity of the loan should be one year.

📌 The loan amount should be within the overall limit under the ( ) per financial year.

📌 Repayment of loan shall be made by way of inward remittances from outside India or by debit to the / / (B) account of the borrower or out of the sale proceeds of securities or properties against which such loan was granted.

💁🏻‍♀️ Any ⁉️
📬 ask@fema .in

20/05/2024

The Department of Telecommunications ( ) has taken a proactive step to address the menace of spam calls by initiating trials of the (CNAP) feature. This feature aims to display the caller’s name, enhancing transparency and reducing unwanted calls for telecom users.

How it is different from Third-Party Apps like Truecaller -

may appear similar to third-party apps like Truecaller, there are significant distinctions. relies on data, which may be inaccurate at times. In contrast, CNAP will utilize information from the ( ), ensuring greater accuracy and reliability.

📲 https://www.ospcompliance.com





conducts the independent assessments of an organization’s tech infrastructure includes -

📌 01. Telecom Compliance Services.

📌 02. Enterprise Voice & Unified Communications Design Review - Voice, Data & Network.

📌 03. and Foreign .

📌 04. .

📌 05. Telecom Compliance Solution & Recommendations.

📌 06. OSP Intimation Services.

📌 07. ( ).

📌 08. Services.

📌 09. Telecom Service Provider - Audit Services.

📌 10. DoT Audit Support Services.

OSP Advisory Team

Website: ospcompliance.com

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24/7 Support 📲 WA.ME/918779696580

OSP Compliance WhatsApp📱8779696580 OSP Guidelines 2021 Website, VoIP Network Diagram, OZG Tech Law Consultant, Bangalore, Hyderabad, Mumbai

18/04/2024

OSP liberalised guidelines for Call Centers

🔖 Distinction between Domestic and International OSPs has been removed. A BPO centre with common Telecom resources will now be able to serve customers located worldwide including in India.

🔖 EPABX (Electronic Private Automatic Branch Exchange) of the OSP can be located anywhere in the world. OSPs apart from utilising EPABX services of the Telecom Service Providers can also locate their EPABX at third Party Data Centres in India.

🔖 With the removal of the distinction between Domestic and International OSP centres, the interconnectivity between all types of OSP centres is now permitted.

🔖 Remote Agents of OSP can now connect directly with the Centralised EPABX/ EPABX of the OSP/ EPABX of the customer using any technology including Broadband over wireline/ wireless.

🔖 No restriction for data interconnectivity between any OSP centres of same company or group company or any unrelated company.

🔖 No Bank Guarantees were to be furnished.

🔖 Work from Home and Work from Anywhere was also permitted.





conducts the following independent assessments of an organization’s tech infrastructure to establish if existing controls/processes meet management objectives and to demonstrate controls to customers and their auditors through reporting and integrated requirements.

📌 01. Telecom Compliance Advisory Services.

📌 02. Enterprise Voice & Unified Communications Design Review - Voice, Data & Network.

📌 03. Cloud and Foreign EPABX.

📌 04. Data Privacy Regulations.

📌 05. Telecom Compliance Solution Recommendations.

📌 06. OSP Intimation Services.

📌 07. Work from Home (WFH).

📌 08. Regulatory Updates.

📌 09. CRM Audit Services.

📌 10. Telecom Service Provider - Audit Services.

📌 11. DoT Audit Support Services.

📌 12. WPC compliance.

OSP Advisory Team

Website: ospcompliance.com

24/7 Support 📲 WA.ME/918779696580

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22/02/2024

*RBI restraining unauthorized payment intermediary in Card Network*

👁️‍🗨️ 1. It has come to the notice of Reserve Bank of India that a Card Network had an arrangement that enables businesses to make card payments through certain intermediaries, to entities that do not accept card payments.

👁️‍🗨️ 2. Under this arrangement, the intermediary accepts card payments from corporates for their commercial payments and then remits the funds via IMPS/RTGS/NEFT to non-card accepting recipients.

👁️‍🗨️ 3. On closer scrutiny, it was observed that this arrangement qualified as a payment system. Under the provisions of Payment and Settlement Systems (PSS) Act, 2007, such payment system requires authorization under Section 4 of PSS Act, which has not been obtained in the instant case. The activity was, therefore, without legal sanction.

👁️‍🗨️ 4. The arrangement has also raised following concerns:

The intermediary in the above arrangement pooled large amount of funds into an account which is not a designated account under PSS Act.

Transactions processed under this arrangement did not comply with the originator and beneficiary information requirements, as stipulated under Master Direction on KYC issued by the Reserve Bank.

👁️‍🗨️ 5. As per information available, only one card network has operationalized this arrangement in the country so far.

👁️‍🗨️ 6. As the matter is under detailed examination, the Card Network has been advised to keep all such arrangements under abeyance, till further orders. It is clarified that the Reserve Bank has not placed any restriction with respect to normal usage of business credit cards.

*OZG Fintech Center*

✉️ Email: [email protected]

07/02/2024

No Bribery to Police || Call Center Helpdesk

📲 Chat @ WA.me/918779696580

🟣 Domestic 🟢 International - No Risk Operation.

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📌 Go to: OSPcompliance.com

📌 instagr.am/ospcompliance