Foreign Exchange-management-act

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Foreign Exchange-management-act - Total results - 31
Yami Gautam summoned by Enforcement Directorate in alleged foreign exchange violation case
Entertainment

Yami Gautam summoned by Enforcement Directorate in alleged foreign exchange violation case

This is the second time Yami Gautam has been summoned by the ED as she could not depose the first time. The summon, however, is not linked to a case of money laundering.

Centre asks ED, RBI to act against Amazon, Flipkart for violation of FDI and FEMA rules
Business

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

Supreme Court asks ED to attach Indian properties of JP Morgan for violation of FEMA, FDI norms
Business

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.

Enforcement Directorate questions Jet Airways founder Naresh Goyal in foreign exchange violation case
Business

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
Business

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

Enforcement Directorate probes e-commerce giants Amazon, Flipkart for violation of foreign exchange law
Business

Enforcement Directorate probes e-commerce giants Amazon, Flipkart for violation of foreign exchange law

Investigation has been initiated against e-commerce giants Amazon and Flipkart for alleged violation of foreign exchange law, the Enforcement Directorate (ED) on Monday informed the Delhi High Court

RBI lifts cap on FPI investments in corporate bonds to encourage more foreign fund flows
Business

RBI lifts cap on FPI investments in corporate bonds to encourage more foreign fund flows

The Reserve Bank of India (RBI) on Friday withdrew the 20 percent limit on investments by foreign portfolio investors (FPIs) in corporate bonds of an entity with a view to encourage more foreign investments

ED raids Amnesty India over FEMA irregularities: A brief history of Centre's crackdown on NGOs
India

ED raids Amnesty India over FEMA irregularities: A brief history of Centre's crackdown on NGOs

The latest Enforcement Directorate (ED) raids at the India office of Amnesty International in Bengaluru on Thursday has brought back questions related to the Narendra Modi government's handling of NGOs run by international bodies or funded by them in India.

Enforcement Directorate raids Amnesty International's India office in Bengaluru over alleged FEMA violations
India

Enforcement Directorate raids Amnesty International's India office in Bengaluru over alleged FEMA violations

After coming to power in 2014, the Narendra Modi government had launched clampdown against NGOs, which the opposition had termed as an attempt to stifle the voices of civil society groups.

ED issues show cause notice to NDTV under FEMA on charge of violating forex law amounting to around Rs 4,000 crore
India

ED issues show cause notice to NDTV under FEMA on charge of violating forex law amounting to around Rs 4,000 crore

The Enforcement Directorate (ED) has issued a show cause notice to private television news channel NDTV for alleged violations of the forex law amounting to over Rs 4,000 crore, the central probe agency said Thursday.

ED obtains key documents to unravel secret dealings of Dawood Ibrahim aide Iqbal Mirchi's business empire
India

ED obtains key documents to unravel secret dealings of Dawood Ibrahim aide Iqbal Mirchi's business empire

ED in its affidavit has alleged that late Iqbal Mirchi, a prime suspect in the 1993 Mumbai blast case was involved in smuggling of narcotics, money laundering and extortion racket.

BCCI to deposit Rs 9.72 crore Enforcement Directorate penalty on behalf of former treasurer MP Pandove
First Cricket News

BCCI to deposit Rs 9.72 crore Enforcement Directorate penalty on behalf of former treasurer MP Pandove

The BCCI has decided to pay a penalty of Rs 9.72 crore imposed on its former treasurer MP Pandove by the Enforcement Directorate for alleged violation of FEMA during 2009 edition of the Indian Premier League (IPL) in South Africa.

Complaints related to FDI norm violation by e-commerce players sent to ED, says DIPP secretary Ramesh Abhishek
Business

Complaints related to FDI norm violation by e-commerce players sent to ED, says DIPP secretary Ramesh Abhishek

Complaints related to alleged violation of FDI norms by e-commerce players have been forwarded to the Enforcement Directorate (ED) for appropriate action

N Srinivasan questioned by Enforcement Directorate in IPL money laundering case
First Cricket News

N Srinivasan questioned by Enforcement Directorate in IPL money laundering case

The case pertains to the transfer of Rs 253.45 crore to Cricket South Africa (CSA) by the BCCI in 2009 for the holding of the second season of the IPL, allegedly without the prior approval of the Reserve Bank of India (RBI).

Bombay High Court says it's time to see if Indian Premier League is in interest of cricket
First Cricket News

Bombay High Court says it's time to see if Indian Premier League is in interest of cricket

The Bombay High Court on Tuesday said the Indian Premier League (IPL) has made people familiar with phrases like "betting and fixing"

Enforcement Directorate seizes assets worth Rs 26 crore from controversial arms dealer Sanjay Bhandari for FEMA violations
India

Enforcement Directorate seizes assets worth Rs 26 crore from controversial arms dealer Sanjay Bhandari for FEMA violations

The Enforcement Directorate (ED) on Wednesday said it has seized assets worth Rs 26.61 of controversial arms dealer Sanjay Bhandari and others for alleged violation of the FEMA law.

Kashmiri separatist Yasin Malik under ED lens: Agency issues notice under FEMA for Rs 48 lakh forex contravention
India

Kashmiri separatist Yasin Malik under ED lens: Agency issues notice under FEMA for Rs 48 lakh forex contravention

The Enforcement Directorate (ED) has issued Foreign Exchange Management Act (FEMA) notice of Rs 48 lakh contravention to JKLF chief and Kashmiri separatist Yasin Malik, PTI quoted official sources as saying on Friday.

ED issues FEMA notice to LeT militant Mohammed Ayub Mir, hawala dealers in terror funding case
India

ED issues FEMA notice to LeT militant Mohammed Ayub Mir, hawala dealers in terror funding case

The ED has issued a FEMA show cause notice to an alleged LeT operative and two Delhi-based hawala dealers in connection with a terror financing case.

Reserve Bank denies restricting exchange of Qatari riyals
Business

Reserve Bank denies restricting exchange of Qatari riyals

The central bank came up with the clarification amid reports that certain authorised dealers/persons are not undertaking the sale or purchase of the Qatari currency.

ED seizes Rs 7 cr of Delhi jewellers in Panama Papers case
Business

ED seizes Rs 7 cr of Delhi jewellers in Panama Papers case

The ED investigation revealed that huge amounts were sent out of India by the four accused by mis-utilizing the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India in the garb of making investments abroad.