Search For "the foreign exchange management act"
ED issues show-cause notices to Xiaomi, three banks for FEMA violation
Updated : 2 years, 11 months ago IST
The Adjudicating Authority has issued show cause notices to Xiaomi Technology India Private Limited, its officials and three banks under section 16 of the Foreign Exchange Management Act on the basis of a complaint filed by the Enforcement Directorate (ED) with respect to illegal remittances
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'Routine inquiry, closely working with authorities', Byju's says after ED
Updated : 3 years, 1 month ago IST
The recent visit by officials from the Enforcement Directorate (ED) was related to a routine inquiry under the Foreign Exchange Management Act (FEMA), according to a Byju's legal spokesperson.
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ED conducts searches at office, residence of Byju's CEO Raveendran
Updated : 3 years, 1 month ago IST
The Directorate of Enforcement (ED) has conducted searches and seizure action at three premises in Bengaluru in the case of Raveendaran Byju and his company 'Think & Learn Private Limited' under the provisions of the Foreign Exchange Management Act (FEMA).
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ED attaches assets worth Rs 305.84 crore of Joy Alukkas Pvt Ltd under FEMA
Updated : 3 years, 3 months ago IST
Directorate of Enforcement (ED) has attached assets worth Rs 305.84 crore of a private firm under section 37A of the Foreign Exchange Management Act, 1999 for violation of section 4 of the Act.
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Rs 5,551.27 cr seized by ED from Xiaomi India
Updated : 3 years, 8 months ago IST
New Delhi [India], September 30 (ANI): The competent authority appointed under Section 37A of the Foreign Exchange Management Act (FEMA) on Friday confirmed the seizure order of Rs 5,551.27 crores by Enforcement Directorate against Xiaomi Technology India Private Limited.
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Indian govt notifies Overseas Investments Rules
Updated : 3 years, 9 months ago IST
New Delhi [India], August 22 (ANI): In line with the amendment in the Foreign Exchange Management Act 2015, Outward Investments Rules have been framed by the Government of India in consultation with the Reserve Bank.
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Casino owner Chikoti Praveen, aide Madhav Reddy grilled by ED
Updated : 3 years, 10 months ago IST
Hyderabad (Telangana) [India], August 1 (ANI): Casino organiser Chikoti Praveen Kumar and his aide Madhava Reddy on Monday appeared before the Enforcement Directorate (ED) for questioning in connection with the alleged violation of the Foreign Exchange Management Act (FEMA).
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ED seizes Rs 17.34-cr assets of Mangaluru bizman K. Mohammed Haris under F
Updated : 3 years, 10 months ago IST
New Delhi [India], July 12 (ANI): The Enforcement Directorate (ED) has seized immovable properties worth Rs 17.34 crore of K Mohammed Haris of Mukka Group of Companies under the Foreign Exchange Management Act (FEMA), the agency said on Tuesday.
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ED issues notice to Amnesty India, Aakar Patel; imposes Rs 61.72 cr penalt
Updated : 3 years, 11 months ago IST
New Delhi [India], July 8 (ANI): The Enforcement Directorate (ED) issued a show-cause notice to Amnesty India International Pvt Ltd (AIIPL) and its CEO Aakar Patel for contravention of the provisions of the Foreign Exchange Management Act, 1999 (FEMA) and imposed a penalty of Rs 51.72 cro
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ED seizes forex worth Rs 1.53 crore from passenger at Kolkata airport
Updated : 4 years ago IST
New Delhi [India], May 23 (ANI): The Enforcement Directorate (ED) has recovered forex worth Rs 1.53 crore by conducting a search of a person at Kolkata Airport under the Foreign Exchange Management Act, 1999 (FEMA), the agency said on Monday.
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ED attaches Rs 5551.27 cr of Xiaomi Technology India Pvt Ltd under Foreign
Updated : 4 years, 1 month ago IST
New Delhi [India], April 30 (ANI): The Enforcement Directorate (ED) has seized Rs 5551.27 crore of Xiaomi Technology India Pvt Ltd-- a wholly-owned subsidiary of China-based Xiaomi group-- under the Foreign Exchange Management Act (FEMA) in connection with illegal remittances made by the
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ED seizes assets of two businessmen worth Rs 4.79 cr for violating FEMA
Updated : 4 years, 3 months ago IST
New Delhi [India], March 3 (ANI): Enforcement Directorate (ED) has seized assets worth Rs 4.79 crore including a cash amount of Rs 2.04 crore and immovable properties worth Rs 2.75 crore belonging to Sumit Agarwal and Sachin Agarwal under the Foreign Exchange Management Act (FEMA), 1999, the
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