Foreign Exchange Management Act

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

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

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

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

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

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

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

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

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.