Search For "foreign exchange management act"
ED seizes Rs 131 crore of Chinese-controlled NBFC under FEMA
Updated : 4 years, 5 months ago IST
New Delhi [India], September 30 (ANI): The Enforcement Directorate has seized an additional amount of Rs 131.11 crore lying in bank accounts and virtual accounts belonging to the Chinese national-owned non-banking financial company (NBFC)-PC Financial Services Pvt Ltd - under the provisions
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ED raids 4 private firms, their directors in 5 cities in fraud case
Updated : 4 years, 6 months ago IST
New Delhi [India], September 16 (ANI): The Enforcement Directorate (ED) has conducted raids at the office premises of four private firms and residential premises of their directors and associates at Chandigarh, Panchkula, Mohali, Jalandhar and Delhi in a Foreign Exchange Management (FEMA) A
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ED seizes Rs 106.93-cr of Chinese controlled firm in FEMA violation
Updated : 4 years, 6 months ago IST
New Delhi [India], August 26 (ANI): The Enforcement Directorate (ED) has seized an amount of Rs 106.93 crore lying in bank accounts and virtual accounts with payment gateways belonging to Chinese controlled firm PC Financial Services Private Limited (PCFC) on charges of violating Foreign Exc
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Porn film case: ED likely to file PMLA, FEMA cases against Raj Kundra
Updated : 4 years, 7 months ago IST
New Delhi [India], July 24 (ANI): Raj Kundra, husband of Bollywood actor Shilpa Shetty, will soon face money laundering and Foreign Exchange Management Act (FEMA) cases against him as Enforcement Directorate (ED) is likely to register cases under these Acts against him.
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ED issues reminder notice to Syed Shah Geelani to pay Rs 14.4 lakh penalty
Updated : 4 years, 8 months ago IST
Srinagar (Jammu and Kashmir) [India], July 14 (ANI): The Enforcement Directorate (ED) sent a reminder notice to former Hurriyat leader Syed Ali Shah Geelani to pay a penalty of Rs 14.4 lakh, which was imposed upon him under the Foreign Exchange Management Act (FEMA).
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No violation of Foreign Exchange Act at KIIFB, says Kerala Finance Ministe
Updated : 5 years ago IST
Kochi (Kerala) [India], March 4 (ANI): Kerala Finance Minister Thomas Isaac on Wednesday said that there was no violation of the Foreign Exchange Management Act (FEMA) in alleged case of external borrowings of Kerala Infrastructure Investment Fund Board (KIIFB) through Masala Bonds.
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Future Retail informs BSE, NSE about Delhi HC order, says Amazon's attempt
Updated : 5 years, 2 months ago IST
Mumbai (Maharashtra) [India], December 23 (ANI): Future Retail on Wednesday wrote a letter to BSE and NSE regarding Delhi High Court's recent judgement and apprised that Amazon's attempt to control the company is violative of FEMA FDI rules. It also informed stock exchanges that regulators a
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Raninder Singh appears before ED in connection with FEMA case
Updated : 5 years, 3 months ago IST
Jalandhar (Punjab) [India], November 19 (ANI): Raninder Singh, the son of Punjab Chief Minister Captain Amarinder Singh was summoned by the Enforcement Directorate office on Thursday for alleged violation of the Foreign Exchange Management Act (FEMA).
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ED imposes penalties of over Rs 100 crore on Standard Chartered Bank, othe
Updated : 5 years, 6 months ago IST
New Delhi [India], September 11 (ANI): The Enforcement Directorate (ED) has imposed penalties of Rs 100 Crores on Standard Chartered Bank, Rs 17 Crores on Tamil Nadu Mercantile Bank Limited (TMBL) and Rs 35 Crores on MGM Maran, then Chairman and Director of TMBL after finding them in contra
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Bank fraud: ED slaps FEMA notice of Rs 7,220 cr on Kolkata firm
Updated : 5 years, 8 months ago IST
New Delhi [India], July 6 (ANI): The Enforcement Directorate (ED) has sent a show-cause notice under Foreign Exchange Management Act (FEMA) to a Kolkata-based jewellery house for unauthorised parking of funds to the tune of Rs 7,220 crore.
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ED orders seizure of Mumbai-based properties worth Rs 32.38 cr under FEMA
Updated : 5 years, 11 months ago IST
New Delhi [India], April 11 (ANI): The Enforcement Directorate (ED) has ordered the seizure of properties having an equivalent value in India to the extent of Rs 32.38 crore and filed a complaint against a woman named Jaya Patel before the competent authority under Foreign Exchange Managemen
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Vadra's close aide CC Thampi to be produced at CBI Special Court
Updated : 6 years, 1 month ago IST
New Delhi [India], Jan 20 (ANI): At the end of three-day remand by the Enforcement Directorate (ED), CC Thampi will be produced at CBI Special Court on Tuesday, in connection with money laundering case involving Robert Vadra.
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