Fema

ED searches residence, office of BYJU's CEO Raveendran over alleged foreign funding laws violation

The ED said in a statement that it had found "incriminating" documents and digital data as part of a Foreign Exchange Management Act (FEMA) probe

Big Trouble for BBC in India: How the media outlet violated foreign exchange rules

First came the tax surveys, now the Enforcement Directorate has filed a case against BBC India for alleged foreign exchange violations. Emails, accessed exclusively by Firstpost, show that the broadcaster was aware of the change in rules introduced in 2019 but did little about it

Explained: Why actor Vijay Deverakonda was grilled for hours by Enforcement Directorate

Vijay Deverakonda was questioned with regard to alleged Foreign Exchange Management Act, 1999 (FEMA) violations in connection with the funding of the film ‘Liger’. The ED began investigating after a complaint from Congress Telangana leader Bakka Judson

Forex violations could attract three times fine under FEMA

The Act contained a set of rules and regulations that empowered the Reserve Bank of India by giving the apex bank more control over foreign exchanges and transactions.

ED issues notice to Amnesty India and Aakar Patel, imposes Rs 61.72 crore penalty under FEMA

The federal agency had initiated an investigation under FEMA on the basis of information that Amnesty International, UK had been remitting huge amounts of foreign contributions through its Indian entities (non-FCRA companies) following the FDI route

Traders' body CAIT alleges FDI, GST norms violated by Metro Cash & Carry, German retailer refutes allegations

CAIT said that as per reports, Metro Germany is looking to sell the India business and make profits of over Rs 10,000 crore on its investment in the country

Karnataka HC extends stay on ED order freezing Xiaomi India assets

The ED froze Xiaomi's accounts on 29 April alleging that it has violated the FEMA by illegally transferring money abroad to three companies under the guise of royalty payments

Karnataka HC allows Xiaomi access to bank overdrafts to make payments, extends stay on ED seizure order

A single-judge bench of Justice S Sunil Dutt Yadav issued the order after Xiaomi India approached the court on Thursday for clarification of its order given on 5 May

'Baseless': ED dismisses Xiaomi's claims of 'coercion, physical violence threat' during forex probe

ED on 29 April passed an order to seize the Chinese firm's funds worth over Rs 5,551 crore over alleged violation of the Foreign Exchange Management Act of FEMA

ED seizure: High court relief for Xiaomi India, can use bank accounts now

Xiaomi is accused by the ED of violating Section 4 of the FEMA Act by transferring money in the name of 'Technology Royalty' to three companies outside India