Amazon faces ED probe for alleged violation of the foreign exchange laws and rules of the country
The Delhi HC says that the company's attempt to control Future Retail through a series of agreements is a violation of the FDI laws.
Donald Trump issues two-week emergency declaration in Washington DC ahead of Joe Biden's inauguration
The order, which will remain in effect till 24 January, comes after the FBI warned of armed protests at all 50 US state Capitols in the lead up to Joe Biden's inauguration
Chad Wolf steps down as acting secretary of homeland security; FEMA administrator Peter Gaynor to take over
Wolf's resignation came less than a week after he pledged to remain in office and just 10 days before the inauguration of President-elect Joe Biden
Centre asks ED, RBI to act against Amazon, Flipkart for violation of FDI and FEMA rules
The Centre has taken cognisance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies
FinMin notifies changes in FDI policy; prior govt approval must for investments from countries sharing land borders
The Finance Ministry on Wednesday notified changes in FDI rules, which made prior approval of the government mandatory for foreign investments from countries that share border with India, to prevent the opportunistic takeover of domestic firms amid COVID-19 pandemic under the FEMA law
.jpg?impolicy=website&width=640&height=362 "Jet Airways founder Naresh Goyal booked in money-laundering case; residence raided, statement recorded")
Jet Airways founder Naresh Goyal booked in money-laundering case; residence raided, statement recorded
Last year, the ED had registered an offence against Goyal and his wife in connection with FEMA (Foreign Exchange Manipulation Act) violations.
Row over Padma Shri to Adnan Sami: Months before honour, tribunal had quashed order to confiscate musician's Mumbai flats
As recently as September 2019, Sami got a reprieve of sorts from authorities, as the Appellate Tribunal for the Foreign Exchange Management Act (FEMA) quashed an order to confiscate eight flats that he bought in Mumbai.
Air Asia PMLA case: ED issues fresh summons to CEO Tony Fernandes, senior executives for questioning next month
The Enforcement Directorate (ED) has issued fresh summons to senior executives of Air Asia airlines, including CEO Tony Fernandes, for questioning next month in connection with a money laundering case, officials said on Friday
ED summons Air Asia senior executives, CEO Tony Fernandes in money laundering, FEMA case
The allegation pertains to Air Asia officials and others allegedly trying to manipulate government policies through corrupt means to get international licence for its Indian venture Air Asia India Limited.
Supreme Court asks ED to attach Indian properties of JP Morgan for violation of FEMA, FDI norms
On 23 July last year, the Supreme Court had cracked its whip on errant builders for breaching the trust of homebuyers, ordered cancellation of Amrapali Group’s registration under real estate law RERA and ousted it from its prime properties in the NCR by nixing the land leases.
Edelweiss chairman denies dealings with Capstone, FEMA violations charge; says company will cooperate with investigation
The company will take appropriate legal action against the concerned media group in order to protect and reinforce the reputation of Edelweiss, he added.
Govt asks e-commerce firms to file FDI compliance report annually; e-tailers need to obtain statutory auditor report
Trader bodies have been raising concerns over the violation of FDI norms.
CAIT seeks probe into alleged avoidance of tax liability by Amazon, Flipkart; appeals to Nirmala Sitharaman
CAIT said the concept of charging GST at the selling price does not hold good in such kind of supplies where the fundamental of fair market value is not observed
With hundreds of economic offence cases pending for 2 decades, SIT calls for special courts to punish lawbreakers within year
While there is a sharp increase of 226 percent in the number of complaints against economic offences, the prosecution of offenders is hit by delays and hundreds of cases have been pending for more than two decades
Amnesty India denies ED's charges of violating foreign exchange laws, says it has faith in Constitution and judicial process
The ED had issued a show-cause notice to Amnesty International India Pvt Ltd on 25 July for alleged contravention of the Foreign Exchange Management Act (FEMA).
Hurricane Dorian: Donald Trump assures help in relief efforts to Bahamas, credits FEMA, US Coast Guard for work done so far
Donald Trump on Saturday assured Bahamian Prime Minister Hubert Minnis of help in relief efforts after Hurricane Dorian.
Enforcement Directorate questions Jet Airways founder Naresh Goyal in foreign exchange violation case
The Enforcement Directorate (ED) questioned Jet Airways founder Naresh Goyal on Friday in a case of an alleged contravention of the foreign exchange law, officials said
ED searches Jet Airways founder Naresh Goyal's premises in Delhi, Mumbai in connection with violation of FEMA
ED conducted searches at the premises of Jet Airways founder Naresh Goyal in connection with a case of an alleged contravention of the foreign exchange law
RBI to probe FEMA rules violation by BCCI for remitting Rs 1600 crore to CA and CSA; Indian board denies irregularity in payments
The Reserve Bank of India (RBI) is looking into the alleged violation of foreign exchange rules by the BCCI in remitting Rs 1,600 crore to two overseas cricket associations
Appellate Tribunal grants interim relief to former IPL Chairman Lalit Modi and N Srinivasan in FEMA case
The Appellate Tribunal (FEMA), providing relief to former individual cricket officials including Lalit Modi and N Srinivasan, has asked the BCCI to deposit Rs 10 Crore against the total penalty imposed on its behalf as well as on behalf of officers charged by ED for FEMA violation.