Tender Register Template: Fill & Download for Free

I cannot pretend to know all the answers and the facts surrounding this love although I feel that you both somehow lost love.Having said that he was hurting and obviously you were hurting together as it appears ? I am only presenting what I feel intuitively from your question. He obviously didn’t have the heart to break up with you because it might hurt more ? He doesn’t want to break up with you but needs his thinking space and so do you.While he’s away why don’t you try to heal yourself and learn to meditate to clean house , your inner self. We often repeat unhealthy patterns in our relationships due to insecurity, false beliefs and from our previous wounds and we strangle love slowly, how can it survive ?If you love him and want a renewed healthy relationship with him, it is possible only with unconditional love if he is also trying to find himself while away from you. In order for this to happen, you need to learn to love yourself first by placing your needs above others, learn to heal knowing the past is for learning and releasing. Learn to remove all those preconceived notions how love should be because your friends and family says so. For this you need inner wisdom to learn to find the truth by introspection and solitude.Learn to get comfortable in your own thinking space and ask questions , the answers are within you. Then will follow forgiveness and release of this past template of your partner, so that even if he returns you don’t treat him with negative energy and destroy this new love.Love is a precious gift, if only we have learnt to love love. We place demands like we must marry to be committed. However, by loving yourself you will also learn to place boundaries and make your own decisions not allowing family and friends to contribute to destroying your love. When we listen to other’s opinions, the subconscious mind registers those opinions and actually behave not in a loving way.The philosopher Alain de Botton has this opinion to offer about love “ as we know with children, the only conditions under which anyone learns are conditions of incredible sweetness, tenderness, patience. That’s how we learn. But the problem is that the failures of our relationships have made us so anxious that we can’t be the teachers we should be. And therefore, some often genuine legitimate things that we want to get across are just — come across as insults, as attempts to wound, and are therefore rejected, and the arteries of the relationship start to fur"

The following are a few promising fields that have opened up for CAs. Please remember that the CA qualification can be compared to an MBBS qualification and further specialisation is required akin to an MD specialisation to exploit the opportunities.GST Audit and Tax advisory services : Many entitities have to file their annual returns under GST with reconciliation as of 31st December of every year. Audit report either of a CA or CMA is required. This is one of the nascent areas recently opened up for practise along with GST advisory services.Valuation of Financial Assets : Valuation of Financial Instruments under IND AS and other valuations as required under the Companies Act 20123 requiring a valuers certificate. Practicing CAs are eligible subject to eligibility conditions as prescribed by Central GovernmentInsolvency Professional : A Chartered Accountant,who has enrolled as a member of ICAI and has ten years of experience [Regulation 5(c)(iv) of the IBBI (Insolvency Professionals) Regulations, 2016], Successfully completed the National Insolvency Programme, as may be approved by the IBBI [Regulation 5(c)(i) of the IBBI (Insolvency Professionals) Regulations, 2016], or Successfully completed the Graduate Insolvency Programme, as may approved by the IBBI [Regulation 5(c)(ii) of the IBBI (Insolvency Professionals) Regulations, 2016].And Has passed the Limited Insolvency Examination within twelve months before the date of his application for enrolment with the insolvency professional agency [Regulation 5(a) of the IBBI (Insolvency Professionals) Regulations, 2016].And Has completed a pre-registration educational course, as may be prescribed by the IBBI, from an IPA after his enrolment as professional member. [Regulation 5(b) of the IBBI (Insolvency Professionals) Regulations, 2016].IT (Laws) and Compliance: Information technology has changed the way the world works. Things that used to take days are now completed within hours and minutes. A single person can now run an entire business thanks to IT. Information Technology is a technical domain that runs parallel to all modern industries and helps in making them more efficient. IT laws and regulations, and compliances under these laws have become extremely important especially under increased cyber threats and information distribution concerns. There are also areas like e-waste regulations and compliances regarding the same. Why do you need to know about it? IT has updated the entire process. Gone are the days when CAs were thought of in the same vein as a “munshi”. Today's CAs have access to an entire new world. CAs are now expected to recommend the best practices to management and reduce costs to aid savings while focusing on improving profits. They must also advice their clients on compliances under various information technology laws, such as data protection, having the right paperwork in place for online businesses and even policy issues at times. If you are looking to expand your expertise in a new area, then IT laws is definitely a great option. You can, for example, gain expertise in e-commerce & fintech regulations. You could also get a well-known certification in cyber law for increased credibility in this field. Also fields like Data analytics and Cyber security assurance are fields where a CA could thrive and use his logical and analytical skills.Labour and Employment laws compliance and advisory: All the laws regarding labour and employment come under the broad category of 'Employment Law'. It is responsible for protecting the rights of the labour force and with the help of amendments and judicial clarifications in the Industrial and labour laws, balance the interests of employers and employees. India is expected to rapidly reform its labour laws, and a lot has already been changing, to make India a competitive place to do business since its labour laws are often considered backdated and unfriendly to new age businesses. Still, India has hundreds of labour legislations that are complex to understand and follow. Labour laws enumerate the various rights and obligations of the employees and employers. It covers a range of issues from employment contracts, payment, procedures, settlement of dispute, statutory compliances, maternity benefits, leaves and holidays, workplace injury and compensation, gratuity and provident fund related issues, registrations and maintenance of various statutory registers and such other aspects. Why do you need to know about it? CAs are often expected by clients to take care of all the compliances. Clients automatically come to CAs for employment related compliances as well. There are definitely specialized firms that handle only employment law compliances. However, most SMEs and traditional business folks find it more comfortable to deal with their existing CA rather than roping in a new services provider. As a CA, with the necessary knowledge about labour laws and procedure, you can create an additional area of practice and revenue stream by taking care of these compliances and even advising clients on the same. Some of the areas to explore here are: Policy drafting - Various workplace policies such as whistle blower policy, conflict of interest policy, CSR policy, anti-sexual harassment policy etc. - you can make a suite of policies and provide the same to your clients with customization as required. Labour law audit - offer a labour law audit to your clients. Most of them are stuck at various degrees of non-compliance and have no idea Offer registration services - there are many registrations required under labour laws for both manufacturing and white-collar offices. Most of the time SMEs have no idea about these and big companies are happy to outsource what they consider to be drudge work. Maintaining various records, registers and displays - India has a plethora of labour laws under which many records, registers and displays are supposed to be maintained. You can help your clients to become compliant with these laws.Contract Management and Advisory: Commercial contracts include joint venture agreements, terms and conditions for services, vendor agreements, purchase and supply agreements, service level agreements, franchise agreements, shareholders' agreements and lease and rental agreements amongst others. Many business agreements are quite simple and does not require massive amount of legal knowledge to either draft or negotiate. A smart person, with minimal experience, can easily work with a good template and churn out a decent business contract in a large majority of business situations. While one could go to a law firm for expensive contract drafting services, which is often justified when stakes are high, for day-to-day matters simple standard form templates do just fine.Bigger accounting firms usually collaborate with legal teams to make templates for all the necessary contracts a company might need, from employment and founder agreements to vendor agreements. These need to be updated regularly keeping the latest laws and changing business scenarios in mind. Chartered Accountants are asked to advise on contractual matters once in a while because of their vast knowledge of compliances and regulations, but primarily because not every contract is worth hiring lawyers. To improve skills on contract drafting and even negotiation, one has to undergo a contract drafting and negotiation course or have an LLB degree as an added qualification. Clients often look at their CA as a friend, philosopher and guide. If you are able to advice clients on their contracts, or explain to them about the merits or demerits of a clause, it will only increase your value as a trusted business advisor.Government Procurement and Tendering :Organisations, institutes and governments send out formal structured invitations called ‘Request for Tender’ to prospective suppliers or publish in the newspapers or designated notice boards to submit a bid to supply particular products and/or services. There is an elaborate bidding process. Government being a big spender, clients can make a lot of money from a tender if they get it. However, the complexity of this bureaucratic process requires them often to get some expert help. As a CA you can be very useful to any supplier looking to secure a government contract. You already have much of the prerequisite knowledge regarding compliances, conditions and regulations to help in this process. However, a specific knowledge regarding how government contracting works, laws, regulations and important judgment related to tender and bidding process is necessary. The Government has come out with a lot of strategies to help SMEs especially to ensure that they get a good part of the government contracts available. Many tenders are reserved for SMEs and small companies. These SMEs, many of which may already be your client, may not have gotten started with government contracts. As a CA, you can open that door for them, guide them and as a result, help them to grow. You can learn more about managing government tenders from our certificate course on Government contracts, tender management and regulations. A lot of businesses can do better only if they have a more knowledgeable person guiding them through the process. As bigger consulting firms hardly ever consult smaller businesses, you can fill the void and manage the tender applications for these smaller suppliers.Due diligence: Due diligence refers to a comprehensive set of steps taken by a prospective buyer to appraise and get an accurate understanding of the assets, liabilities and commercial potential of the deemed product. Due diligence is very important as it enables you to understand and fully grasp the positive as well as negative outcomes of getting involved or investing in something. CAs have always been involved in financial and tax due diligence, which is part of every M&A, investment deal and any large finance round. However, CAs are not always comfortable with conducting a legal due diligence, nor is it appropriate for CAs to give legal opinion. However, with a lot of growth (and deals) coming from the startup market, there is a need of professionals who have a broader understanding of things and possibility of hiring multiple professionals is limited. Clients in this market prefer a professional who can look into all the sides. This gives CAs an opportunity to be more competitive if they understand the legal due diligence process apart from financial and tax due diligence.Chartered Accountants are very well aware of due diligence with years of experience starting right from articleship. If you want to succeed and advance in your career, you have to be very good with your due diligence. You need to be thorough and detail oriented. Every CA has had enough exposure to due diligence and yet you see some being better at it than others. Due diligence is a very hands on process and requires a lot of time and effort, but it also opens you up to bigger things since it is so obviously needed. A CA having additional knowledge on legal side due diligence can be very impressive.Intellectual Property :As IP is becoming increasingly important to a large number of businesses, in booming sectors like media, technology and pharma, the CAs who work with them are increasingly facing IP related issues. The work varies from valuation of intellectual property to licensing and assignment deals. Building and enforcing internal standards for managing IP portfolio is also a major area of work where CAs have natural proclivities and these fit nicely into existing responsibilities. CAs can benefit a lot by learning more about IP laws, regulations, IP contracts and best practices in the market related to IP. CAs can now file trademark and copyright .Corporate Governance :Corporate Governance refers to the system of rules, regulations and practices by which a company is directed and controlled. It basically involves balancing the interests of the company, its' investors, the shareholders, the workers, the suppliers, the vendors, government and the community. Good, stable and a well thought out corporate governance system is responsible for the smooth operation of any company. It identifies the rights and responsibilities among all of it's' participants. In fact, listed companies which are known to have amazing corporate governance receives a premium in the marketplace as investors consider the risk of investing in such companies to be much lower. Especially foreign investment flows mostly to only such companies, which makes every listed company very interested in corporate governance. CAs being the quintessential business advisors, can play a big role in corporate governance. In fact, many of the most prized independent directors, and even executive directors are well known CAs. Chartered Accountants need to apply fine principles of Corporate Governance when called upon. You have the potential to do a lot in this field. You can provide specialized guidance in designing the code of conduct, risk management framework and all the regulations associated with them. You can also work on things like whistleblowing policy and implementation, sexual harassment policy and implementation, conflict of interest policy etc. Managing finance of the company is another major area of work for CAs, but they can sometimes fall short on knowledge in certain specialized areas such as negotiation of term sheet for investment (for angel or VC investment), FDI or ECB regulations, or maybe corporate insolvency resolution. Corporate Governance is one of the more important tasks that come across an accountancy firm desk and it is not just plain corporate compliance. There is a strategic angle to corporate governance. So update your skills to match the demand.Special Economic Zone Laws :Special Economic Zones (SEZ), which are specially designated zones where export oriented units function under relatively easy laws and regulations have been attracting massive amount of Foreign Direct Investment and number of announced SEZs stand over 500 already. Out of these, according to the government, as of December 2017, 222 were operating. SEZ is serious business as most of export oriented manufacturing, services and trade is quickly shifting to various SEZs. Interestingly, SEZs have unique rules, regulations and compliances. This is an excellent area of practice to target.Corporate Social Responsibility : Corporate Social Responsibility refers to the role that corporations are expected to play in meeting the agenda of sustainable development by providing a balanced approach towards economic progress, social progress and environmental stewardship. Even though CSR in India tends to focus on what is done after the profits have been made, as per the Companies Act of 2013, India became the first country in the world to mandate and quantify CSR expenditure. It effectively requires certain big companies to give a minimum of two percent of its profit to charity.There has been a considerable increase in the CSR spending by companies. CAs are often called on to audit CSR projects, and even handle CSR committees that companies are required to set up. Shortlisting, approving and coordinating CSR projects also require qualified professionals with financial acumen. Concepts like “inclusive growth” and “responsible enterprise” are actually being used to bring about better corporate governance. You can make a positive change in the society by spearheading or advising on effective CSR projects.Foreign Direct Investment : Foreign Direct Investment refers to an investment or buying equity interest in a company by a foreign entity or investor or acquiring business assets of one country by an entity based out of another. FDI is a critical part of India's economic growth and is a major non-debt source of capital for India Inc. Foreign companies look forward to investing in India because of the lower cost of resources and wages as well as special investment privileges that the Government of India offers. Many accounting firms as well as independent accountants have already jumped on this bandwagon over the last 2 decades as FDI juggernaut has so far been unstoppable. FDI related work usually pays very well. If you have the knowledge about the regulations, compliances, documentation, usual negotiation points and restrictions about FDI in different sectors,External Commercial Borrowings : External Commercial Borrowing basically refers to a loan availed by an Indian entity from a non-resident lender. These loans are mostly provided by foreign commercial banks or financial institutions. ECB is one of the prominent forms of foreign funding. The Indian Government has a very comprehensive policy regarding ECB that regulates the flow and puts the necessary restrictions, interest rate ceilings, maturity period, ceiling on total amount borrowed et cetera. ECBs provide the opportunity to borrow a significantly large amount of money with a possibly longer terms and lower interest rates. As a CA with a substantial knowledge of corporate law and the regulations surrounding ECB, you can help corporations raise ECBs from internationally recognised sources like banks, international markets, etc. These deals help secure a substantial cash reserve which can be used to help the company jump leagues ahead of the competition if used well. There is tons of work for CAs to do in this, including project viability reports, RBI compliances, general advisory and preparation of documents.Foreign Contribution Regulation Act : Non-profit organisations and NGOs are supported by funds received from foreign donors/initiatives/groups. Just like companies, NGOs and not-for-profit societies, trusts and foundations also need a CA. Especially in this area, a CA with precise knowledge of the regulations and conditions, as well as experience of dealing with the government is critical. This is a good and undervalued niche with good potentials wherever there are many NGOs. As a CA, one can help clients to register under the required government regulations and follow all the prerequisite conditions in case they would like to continue to receive foreign contributionFinancial and Technological laws (Fintech):he fintech market is relatively new to India. It started as small mobile payments initially and has since grown into a vibrant and diverse market. Fintech generally refers to companies that use technology to provide financial services. Fintech-specific laws have still not been placed in the country although RBI has certain regulations in place. SEBI has formed a panel to oversee fintech's impact on the market. From cryptocurrencies changing how banking is done around the world to creating new asset classes, blockchain technology making headlines every day, digital goods in games like Second Life becoming a billion dollar economy, fintech is probably the fastest growing sunrise industry today. Many professionals would love to get a piece of this pie except that they have no idea how to. As India doesn't have up-to-date fintech laws, it is in the perfect situation. This has made India the hotspot for the global fintech market. Every major and minor player is coming to India also because of its massive market which is extremely cash heavy. Currently there are no major restrictions or prohibitions to the fintech market although stricter norm are rumoured to be put in place soon. This gives every CA a unique opportunity as a man with the know-how. You can utilise the pre-existing knowledge of corporate laws, acquire fintech specific knowledge and make good money by helping out the burgeoning bandwagon of companies starting up in this space or looking to enter the Indian marketplace.Mergers and Acquisitions (M &A): ergers and acquisitions - the inorganic processes through which businesses attempt to achieve exponential growth, new market entries, vertical expansion and a lot more - have always been a special area of interest of lawyers, bankers and CAs. As the stakes involved are usually very high, this work pays extremely well. M&A has been a tough practice to break into where the big 5 have a stranglehold. However, in India the M&A industry is growing quite fast, with ever expanding and formalizing economy combined with the national push towards a digital India working its way with the startup culture. There is a lot more M&A work than ever. However, trained professionals are few. You have to understand that the startup boom of the last few years have created a new window of opportunity in the M&A market in India which never ever existed, and it seems that the window is growing bigger with the startup ecosystem maturing. There are fewer frivolous startups, but funding and acquiring activity is really frenetic. Apart from full acquisitions, acquihires are quite in vogue. As a CA, you are already likely to have quite a bit of knowledge on the subject matter. However, M&A are complicated processes that require a lot of legwork, and new practices are always evolving in this high speed high stakes market. Most of the big companies in the world, employ one of the Big Four alongside their legal firm to handle and oversee M&A. However, currently, a lot more than just fortune 500 companies have started to engage in M&A deals. In fact, M&A is quite hot right now in private companies' space, apart from mid-cap and small cap. Even SMEs are looking and M&A with technology companies leading the pack. Not all acquirers are comfortable with paying big firm fees. If you have a look at some of the most successful companies in the last decade, they have grown from small startups in somebody's basement to multinational conglomerates by always expanding. Even relatively smaller startups are always considering acquisitions and acquihires. As a CA, you have a clear opportunity to help yourself and your firm by learning as much as you can about M&A. Accountancy firms generate a lot of revenue through M&A.Import Export Laws : India's import and export processes are regulated under the Foreign Trade Act of 1992 and the EXIM (Export Import) Policy. These laws regulate both the processes while simultaneously categorising and classifying all the goods involved. As import-export dynamics dictate a significant part of the national finances, these laws are very judiciously implemented and enforced. Import-Export is one of the most profitable commercial avenues that exist in the world now. A lot of this money-making operation depends on the knowledge of the people that undertake them about trade barriers, taxation rules, customs regulations, et cetera. These laws are changed internationally on a regular basis depending on financial stability or diplomatic relationships. As a CA, if you are well-versed in import and export laws of the country and can make the effort to learn about others, you can find yourself a very good position as counsel to companies and organisations that are involved in this business.Startup Advisory : There is a lot of opportunity for this market to grow in coming years, and CAs who specialize in startup related work have a great demand in the market. At the lower end the work is very simple and competition is steep, but as one goes to the higher end of the market, work is sophisticated, competition is few and pay is good. Focusing solely on venture funded companies is probably a bad idea, though they can make excellent clients too. Those who are new in this area should start with sustainable but small startups working hard to claw their way up the value chain. Long term bets are likely to pay off better at this point of time in the startup market. Also, noticing new and important trends are important. At the moment, machine learning, blockchain and AR/VR are the major trends in the startup world. The next trend could be adaptive security architectures, or voice command solutions. There are many possibilities, but a startup advisor has to identify trends early so that they can be at the right place and the right time.Risk Management Professional ( CRO) : Organisations with a dynamic business environment require a professional with expertise to map the risks and lay out strategies to manage risk. A CA with a risk management certification gets an edge since he has the knowhow to better handle emerging situations and isolate risk factors and handle the outcomes in a better and planned manner

Last week was insane to say the least; I got a lot of calls from friends invested in crypto and answer requests from a lot of people on Quora. It seemed that suddenly everyone was worried about the future of Crypto in India and rightly so. In reality people were scared shitless about their investments going bust and worried if they were on the wrong side of the law.So I have put forward this single answer which should hopefully help you navigate your way through a lot of questions which you have on your mind. It’s a troubling time and we must keep our heads together in such cases.So let’s get right to it. This is going to be a long answer and I will try my best to keep it updated as things progress in the domain. For now, it’s comprehensive to say the least.This is what RBI said first :This is what RBI released in the detailed circular later on:Link: https://rbi.org.in/Scripts/NotificationUser.aspx?Id=11243&Mode=0So why is RBI after Crypto Exchanges?Other than enthusiasts nobody in our dear country were even aware about crypto and its trading. It all changed with launching of exchanges and the pace really picked up by Septemebr-2017 when a lot of young folks got into the game. A survey conducted by the Income Tax Department in Jan-2018 has revealed that there are six lakh active traders of cryptocurrencies such as Bitcoin in nine digital currency exchanges across India, while 25 lakh people are registered to trade. Most of the traders are between 25-35 years old, the department said.Now the amount of money flowing through these exchanges brought it into the eyes of the RBI and the government. In a matter of a year these exchanges were handling business worth of crores and that too without any regulatory oversight. As long as Bitcoin was under the radar it wasn’t discussed much but 2017 was the year of crypto and Bitcoin was the king.Simply speaking, the money was what drew the attention. If there is money flowing the government will want to regulate it and tax it. Plain and simple.Problems according to RBI:· There is no regulatory overview and the exchanges are self-regulated· A lot of people are scamming others in name of cryptocurrencies and making them invest in Ponzi schemes.· Retail investors are flocking to trade crypto without understanding the risks associated.· The outflow of national currency into crypto might lead to problems in future.· There is no way for the government to monitor illegal activities being conducted via crypto as they do not possess the required skills or tools for the same.· Running afoul of the Foreign Exchange Management Act, when people can send crypto from India exchanges to foreign exchanges like Binance , Bitthumb, Poloniex etc.EDIT 2- (Update as on 17/04/2018) : - RBI Official Statement on BanInvestor protection is an important consideration behind banning trade in cryptocurrencies such as bitcoin and ripple in India, said the Reserve Bank of India (RBI) in a two-page response to the Internet and Mobile Association of India (IAMAI) last week.The RBI’s response came almost a week after the Supreme Court of India heard a writ petition challenging the central bank’s decision to cut the banking system’s ties with cryptocurrency exchanges. The RBI’s response, however, mainly raises the same points the bank’s earlier notifications pointed out. The central bank has also been arguing there’s a security risk because the wallets are stored electronically where the currencies are kept.Link: RBI cites investor protection to justify cryptocurrency ban in IndiaMyth busting the stance of Government & RBI:· No one has banned/made it illegal to hold or trade cryptocurrencies. They just banned regulated entities under RBI from doing business with exchanges transacting in Virtual currencies.· As a holder of Bitcoin or any other altcoin you are NOT being branded as a criminal.· Cryptocurrency is NOT a valid tender in India; just like a cow. You can exchange cows with other people and trade it for money. Just like Crypto. However you can’t open a mutual fund by insisting you will pay via cows as they hold value and not by INR.· The government is really interested in applications of Blockchain. They want to steer clear of cryptocurrencies though as they don’t understand the incentive model as of now.· There is no regulation by the Government yet. They are still working on getting a draft ready.EDIT 3- (Update as on 20/09/2018) : - RBI Statement on RTI Query“The RBI specifically mentions that it conducted no research or consultation before the implementation of restriction in April. The RBI also responded that no committee was ever formed for analysing the concept of blockchain before the decision,” said Sethi, a lawyer and founder of Blockchain Lawyer | CryptoAsset Consultant | Taxation | Education | .This was said in a response to the RTI application filed by a startup consultant, Varun Sethi, on April 9.So in simple language RBI Banned it because it “thought” that it might become a threat in the future. How do you define a “threat”? Well scroll above to see my take on what RBI said before. But this development shows that RBI was least bothered to even conduct any prelim research before the ban was announced. This is a gross negligence on the part of RBI and is truly dissapointing.Link: No research backing RBI's move to ban cryptocurrenciesEDIT 3- (Update as on 20/09/2018) : - Supreme Cout hearing on VC BanDue to lengthy hearing of previous cases, the Supreme Court of India had to adjourn all other cases again to tomorrow. Now we have to wait for another date again after this Adjournment. This is creating a confusion amongst the crypto enthusiasts in India on why the Supreme Court is adjourning the RBI Crypto case again and again.Current State of Deposit/Withdrawal of INR in Crypto Exchanges:The first exchange to bite the dust was Zebpay which released the notification well in advance. Next up was Koinex who issued the notification this Saturday. The rest of the exchanges are following suit. The only exchanges where INR deposit/withdrawal is still active is BuyUCoin and BitBns but there is a high chance that they will be done by this week’s end.Users should be getting E-Mail & SMS on this notification and also their websites are also showing pop-ups in trying to alert the users on the last date of possible transaction.Screengrabs of various exchanges as of 09th July 2018 has been given with details below.Company: BitbnsStatus as of 09/07/2018: Deposit/Withdrawal is in place. Not yet stopped.Link: https://bitbns.comCompany: UnocoinStatus as of 09/07/2018: Deposit/Withdrawal is in place. Not yet stopped. They have launched Unodax for Crypto-Crypto trading.Link: https://www.unocoin.com/The Unocoin team setup the first Bitcoin ATM in Bengaluru. It wasn’t even operational before police swooped in and arrested the co-founder-Harish BV.CCB officials are further reported to have seized “a teller machine, two laptops, a mobile, three credit cards, five debit cards, a passport, five seals of Unocoin company, a cryptocurrency device and Rs 1.8 lakh ($2,460). If this isn’t shortsighted and stupid, i don’t know what is.Link:Police Arrest Indian Crypto Exchange Co-Founder for Unregistered ‘Illegal’ Bitcoin ATMLink: Cryptocurrency ‘Illegal’ In India Says Trade Organization HeadCompany: BuyUCoinStatus as of 09/07/2018: Deposit/Withdrawal is in place. Not yet stopped.Link: https://www.buyucoin.comCompany: CoindeltaStatus as of 09/07/2018: Deposit/Withdrawal is in place. Not yet stopped. The last updated notification is from 3 months before. They haven’t updated anything yet.Link: https://coindelta.comEDIT - Update as on 13/04/2018: Coindelta has been past its deadline and the new message is there on the website in red. The last day was yesterday for withdrawal of any INR Assets.EDIT - Update as on 30/04/2019: Coindelta has been shutdown for good.Company: ZebpayStatus as of 09/07/2018: Deposit/Withdrawal stopped. Crypto-Crypto trading active.Link: https://www.zebpay.com/EDIT - Update as of 28/09/2018: Zebpay has become the first exchange to close down. It’s wallet business will go on, but the exchange is shutting down from today. A sad day for crypto in India.Link: Zebpay Announcement About Exchange Business – Zebpay BlogCompany: KoinexStatus as of 09/07/2018: Deposit/Withdrawal will be stopped as of 02:00 PM today. Crypto-Crypto trading active.Link: https://koinex.in/EDIT - Update as on 20/09/2018:Its been 5 months now and Koinex has launched 2 methods to trade using INR. One is the Koinex Loop and the next is the Koinex 3.0 Exchange whose link is given below.Link: Koinex Upgrade 3.0.0: INR revived! – Koinex Crunch – MediumCompany: PocketbitsStatus as of 09/07/2018: Deposit/Withdrawal is in place. Not yet stopped. The last updated notification is from 1 month before. They haven’t updated anything yet or even sent an SMS.Link: https://pocketbits.in/EDIT - Update as on 13/04/2018: It looks like 7 days gone by but the Withdrwal option is still available for INR on Pocketbits to my bank account. I am not sure how they are doing this. By this time i was sure that these services would be closed.EDIT - Update as on 17/04/2018: Received a mail from Pocketbits. Details as follows. The deadline of 27th July has been given.Company: CoinomeStatus as of 09/07/2018: Deposit/Withdrawal stopped as of yesterday.Link: https://www.coinome.com/exchange/btc-inrCompany: Wariz XStatus as of 09/07/2018: Deposit/Withdrawal stopped. The company on it’s Medium blog has stated that they are now using USDT for exchanges.Link: WazirX - Bitcoin Exchange for India!What is this P2P that, crypto exchanges keep talking about?The term, Peer to Peer, or P2P has been around for a while. P2P became popular in 1999 with the introduction of Napster. P2P now implies that you are connecting directly with other computers. P2P Exchanges match Buyers with Bitcoin Sellers. These are individuals trading back and forth with other individuals. Essentially, the sellers are setting their own price and what types of payments they will accept. The exchange acts as a matchmaking service and usally has a stable coin like BASIS or USDT (Tether) listed that is held in an escrow account for the transaction to go through.Here are the some exchanges in India currently providing these services.WazirX P2P has gone live. With WazirX P2P, a buyer and seller can buy and sell cryptos for INR directly with each other.Koinex is also gearing up to launch its P2P service called Loop. The exchange revealed on July 7, “after that, users will be able to trade via Koinex Loop and True USD corridors for fiat stability.<26–06–2019: Koinex has no liquidity on excahnge and Loop and Express are the only methods left to buy/sell crypto>Coindelta, also announced that it will soon launch Flux, “a peer-to-peer network of traders and investors allowing the exchange of digital assets in the best possible experience. <30–04–2019: Coindelta has shutdown>Sources: Indian Crypto Exchanges Forge Ahead With Solutions to RBI Ban - Bitcoin NewsWhat is the current stance of the government on all this?Subhash Chandra Garg is the current Economic Affairs Secretary of India and he has also served as an Executive Director in the World Bank. He is the one heading the committee on the future of Bitcoins in IndiaAccording to a recent interview he said that the committee is close to developing a template, which would be in the best interest of the country. Mr. Garg further stressed on the point that a lot of detailed work has been done regarding this and the final decision is expected to come out in the 2nd week of July. There are also voices within the Government that believe Cryptocurrency could be a reality.Countries like Switzerland, the UK, Estonia, France and Japan are wooing crypto-related businesses to set up office in their jurisdictions, offering them incubation and open policies while India has decided to go on backfoot. I think the government is smarter than this and the “ban” is just a temporary phase before actual guidelines are released. But then again that’s my thinking. You are free to have your own line of thought in this matter.State Bank of Sikkim (SBS) & its Unique property in this ban.All Financial institutions within the country are under the RBI and there is no way around it. However there is a small loophole with this. The Gangtok-based State Bank of Sikkim (SBS) is an exception.At the point when all banking entryways close, the ones at Gangtok-based State Bank of Sikkim (SBS) open. For this bank doesn’t fall under the RBI’s domain. RBI has no particular data to outfit. Notwithstanding, it may be noticed that SBS was constituted as far as the State Bank of Sikkim Proclamation,1968. SBS isn’t authorized under Section 22(1) of the Banking Regulation Act, 1949 by Reserve Bank of India. Banking Regulation Act, 1949 isn’t yet appropriate to SBS.Unocoin and WazirX are currently trying to explore the feasibility of State Bank of Sikkim (SBS) and so are other crypto exchanges according to various media outlets.Is my Crypto Exchange going to close shop? What happens to my money if they run away?No. They are running businesses and a very successful one at that. They are not packing away their bags in this scenario. Most of the exchanges have come up with new solutions to get around the ban or simply switch to a peer-to-peer model. Exchanges are tirelessly trying to safeguard users’ funds and continue to ensure that no value erosion occurs due to uncertainty created by the RBI directive. In any case you are safe with them. Get in touch with the exchange folks over their support numbers or E-Mail for any questions.How do I know if I’m dealing with a legitimate person in an Indian Exchange. What happens if someone tries to trick me?KYC details of every user is performed before allowing them to trade on all crypto exchanges in India. Normally they keep a record of each and every transaction that occurs on the exchanges. This ensures that they have legitimate sellers and buyers on the platform. Even in worst case scneario if someone fraudulent manages to get in the system, they can’t access your account to transfer any crypto. If someone does social engineering on you and you reveal your own details then you are to blame anyway.<30–04–2019: Still Valid and more so due to recent hacks from Exchanges>Is it risky to invest in Cryptocurrency at this point?Hell yeah!! It has always been risky. This is the point where the market has lost almost 70% of its market cap in 6 months and you are asking if it’s risky? This is a volatile asset and it will remain so for the next year or so easily. Don’t kid yourself asking investment advice on the internet.<30–04–2019: Still Valid>Your money could goto zero and there is absolutely shit you can do about it. No one to complain and absolutely no recourse. Only invest the money you are willing to lose in case of any eventuality.The above statement is something you should always keep in mind before investing in crypto. You need balls of vibranium to stay in the market when it crashes 50% in a single day or you get notifications that fiat currency conversion is closed in your country. If you can’t handle the stress then this is not for you.How do I buy/sell crypto after the ban is in effect?There are a lot of ways this is happening. Please refer to the FAQ Sections of different crypto exchanges where you hold your account. Every exchange is implementing a different method. Crypto to Crypto corridors are functioning as usual on all exchanges and the value will bounce back to international standard as soon as this volatility phase comes to an end.How do I withdraw my INR after the ban is in place? Is there any way to redeem my crypto to Fiat?There are some ways to do it as of date.You have relatives, friends outside the country. Use your contacts and send your crypto overseas and simply redeem them in Euros and Dollars. The cost incurred here is the fee for transfer and the taxes (according to the country where crypto-> Fiat conversion is done).Use websites like: https://localbitcoins.com/ or https://localethereum.com/ or https://www.giottus.com/ or https://instashift.io/ . Directly deal in cash or any other payment method to connect with other potential buyers. <30–04–2019: This is a very risk aspect now in India.>When Shereen Bhan (Journalist with CNBCTV) asked the secretary of Economic Affairs Mr. Subhash Chandra, if “Crypto is a dead asset for traders now?”, the secretary gave the most controversial answer to the question hinting at P2P exchanges and OTC trading of Crypto, even with cash. Find people who want to trade cryptocurrency in cash or bank transfers and deal with them in person. There are apps for them now too like NUO ( https://getnuo.com/ ).There are many services like Payoneer, Neteller, Skrill, Paypal, etc that offer transferring money from anywhere in the world to India. You can sell the cryptocurrency in an exchange out of India ( For example on Binance ) and transfer money to your bank account using these services.Since the RBI has asked banks to freeze accounts of crypto traders still trading after the ban, be ready to provide an explanation in case your bank or authorities ask you. Personally I had got a call from HDFC Bank last month in this regard. So yes, it happens !!Exchanges like CEX Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO (https://cex.io/ ), Bitpanda(https://www.bitpanda.com/en ), Virvox(https://www.virwox.com/ ), etoro ( https://www.etoro.com/ ), Bisq (The decentralized Bitcoin exchange) etc allow such services.If you want to go long term then purchase a Hardware wallet like Ledger Nano S, BitGo or Trezor and withdraw your Bitcoins to it. Play the waiting game until they regularize crypto in India. I believe that eventually, they will put regulations in place and allow crypto trading. It is also possible that the exchanges and individuals win the case against RBI in Supreme court and the RBI ban is lifted. That’s the time you jump in and redeem.What are the short term insights we can expect from crypto in India?RBI will be responding to the representation sent by IAMAI around insights into Blockchain, cryptocurrency, its use cases and regulation. The ball is now in RBI’s court to go through this and respond within the next few days.<26–06–2019: Days became years.>Subhash Garg Committee will be submitting its draft on crypto regulation in India. It’s going to be very crucial as this draft has the potential to overturn all other confusion if the Government of India decides to regulate crypto.Stay order request on RBI ban to be heard on 20th July in Supreme Court along with remaining petitions. Since all petitions are clubbed into one single petition, that is the one to be heard.In case the Indian government bans cryptocurrencies, would that mean Indians can't trade on foreign exchanges?Please go through my answer on the below link.Link: https://www.quora.com/In-case-the-Indian-government-bans-cryptocurrencies-would-that-mean-Indians-cant-trade-on-foreign-exchanges/answer/Aurobindo-NayakEDIT- Lok Sabha 02/02/19: For people who are still confused on what’s banned by the government, have a look a the screenshot. It shows the Governments answer to a recent event. "The Government has not issued any notice to Bitcoin lnvestors and there is no such proposal under consideration currently." It’s a RBI ban on the banks not the government.What is the future of Cryptocurrency in India?Please go through my answer on the below link.Link: https://www.quora.com/What-is-the-future-of-Cryptocurrency-in-India/answer/Aurobindo-NayakIf you still have any questions, please feel free to comment.Are blockchain startups and crypto exchanges leaving India?While the government has welcomed development in blockchain, it can never realise its true potential if blockchain tokens are not allowed. Why you ask? Well there needs to be some kind of an incentive model built into a public blockchain platformw which would in turn facilitate transactions. It’s true that not all use cases satisfy this criteria, but a lot of them do. Separaitng blockchain and cryptocurrency is NOT the solution. The sooner the governement realises this , the better.The blockchain ecosystem consisting of developers, services providers, and other companies are moving to crypto-friendly destinations such as Thailand, Estonia and Switzerland among others. The migration has been triggered by various moves of the central government to ring-fence all things cryptocurrency in the country. If the situation is not got under control, we will miss this too just like we did when the internet boom occurred.Link: Brain Drain 2.0: India’s Bitcoin Pool is Drying Up, Thanks to Govt’s Financial PoliciesEDIT 8- (Update as of 26/06/2019 ): Innovators in crypto are packing up and leaving India. Right now other than Matic Network (Scalable and instant blockchain transactions), there is not a single crypto company registered in India. They have all left. How do i know this? Well because i was there at India DApp Fest and i understood how bad the scenario has become firsthand.Has RBI Actually setup a Research Unit on Cryptocurrency, Blockchain and Artificial Intelligence : RTI? - (Short Answer:Hell No!!!)A lot of rumours were circulating in the crypto sphere regarding this. On August 27, ET first reported this and it was followed up by a lot of others without fact checking. Naimish Sanghvi who has setup a crypto news website - Coin Crunch India - India's Trusted Cryptocurrency News Source personally filed an RTI asking the same and fianlly RBI Responded.“There is no new unit created formally in RBI for the purpose (Cryptocurrency, Blockchain and Artificial Intelligence) mentioned in RTI query. Therefore there is no information to furnish in the matter”.I hope the above statement was clear enough to dispell all rumours.Link: Breaking: RBI Denies Setting up any Unit on Cryptocurrency, Blockchain or AIDisclaimer: The above references personal opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. If you have any doubts as to the merits of an investment, you should seek advice from an independent financial advisor.EDIT-1: (Update as of 13/07/2018) - Added/Updated following areasAdd a new section on Wariz X Crypto Exchange.Added Bisq Network to the resource list for withdrwal.What is this P2P that crypto excahnges keep talking about?What are the short term insights we can expect from crypto in India?How do I know if I’m dealing with a legitimate person in an Indian Exchange. What happens if someone tries to trick me?EDIT 2- (Update as on 17/04/2018) - Added/Updated following areasPocketbits Deadline of 27th July received on mail.Updated section on why RBI banned crypto. The official statement.EDIT 3- (Update as on 20/09/2018) - Added/Updated following areasUpdated section on Koinex Loop and Koinex 3.0Updated RBI Statement on RTI QueryUpdated Supreme Court hearing on VC BanAre blockchain startups and crypto exchanges leaving IndiaEDIT 4- (Update as on 27/09/2018) - Added/Updated following areasDispelling the rumour of RBI having setup a dedicated unit for looking into new technologies.EDIT 5- (Update as of 28/09/2018)Zebpay has become the first exchange of India to shut shopEDIT 6- (Update as of 26/10/2018)Uncoin Officials setup the first “Bitcoin ATM” in IndiaArrest of the Uncoin Officials by Police for Bitcoin ATMEDIT 7- (Update as of 02/01/2019)What the government had to say in LokSabha about Crypto ban and banning people who are holding crypto.EDIT 8- (Update as of 26/06/2019 - The Last Edit)Please follow - Coin Crunch India for reliable news. I can no longer keep updating this thread of information. This is the last update. One year flew by just like that.We will soon have crypto banned in India (Details later). Check link: Exclusive: Government body confirms Unanimous Decision to Ban Cryptocurrencies in India. The Investor Education and Protection Fund (IEPF) Authority in a response to an RTI application by Coin Crunch India has confirmed that the inter-departmental committee, in a meeting, “discussed that it (Cryptocurrencies) has features of Ponzi Scheme”.As of today BTC touched an all time high of 13000 USD after 2017’s blastoff. After almost 1.6 years of waiting we have seen moves like this. However we Indians are going to be left poor, hungry and wanting as the regulatory environment is no longer in our favor.Adieu my friends. it has been a pleasure HODLING with you…..*****************************************************************************The Super last Edit - [4th march-2020]: After a long struggle of 2 years, the crypto community has got justice. Read the link below. Its time to celebrateLink: Big Win For Crypto Community as Supreme Court quashes Banking BanI cannot express how happy i am today. I thought this thread was never going to end and it was worthless for me to keep updating this with news as it happens. But today is the day i can put the matter at rest.Thank you everyone in the crypto community for making this happen!Photo of the IAMAI representatives from Supreme Court (The people on ground fighting against the RBI).In the center is Ashim Sood. Next to him on the left is Harish, the co founder of Unocoin exchange. At the far right is Jaideep Reddy.Bravo!!!