Enforcement Directorate Penalty Notices
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Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation
Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of Rs. 5,551 crore.
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Notice To Xiaomi India Official, Others Over Rs 5,551 Crore Case
A show-cause notice, issued upon the conclusion of a FEMA investigation, could lead to penalties that amount to three times the total contravention amount, once the case is settled.
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Rs 20 Lakh Penalty For Air Asia After Lapses Found In Pilots' Training
The Directorate General of Civil Aviation, or DGCA, had issued show cause notices to the concerned manager, head of training, and all designated examiners of Air Asia as to why enforcement action should not be taken against them.
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Flipkart Co-Founder Goes To Court After Probe Agency's Penalty Notice
Sachin Bansal, co-founder of e-commerce giant Flipkart, has mounted a court challenge against the Enforcement Directorate (ED), which has accused him and others of violation of foreign investment laws, court records showed.
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Flipkart and Its Founders Said to Be Threatened With $1.35 Billion Fine by Enforcement Directorate
India's financial-crime agency has asked Walmart's Flipkart and its founders to explain why they shouldn't face a penalty of $1.35 billion (roughly Rs. 10,010 crores) for alleged violation of foreign investment laws, three sources and an agency official told Reuters.
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Rs 230 Crore Show Cause Notice Slapped Against Accounting Firm PwC
The ED has slapped an over Rs 230-crore FEMA violation show cause penalty notice against multi-national accounting firm PricewaterhouseCoopers (PwC) and others, officials said on Friday.
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Enforcement Directorate to Issue Final Notices in IPL Cases Involving Lalit Modi
The Enforcement Directorate (ED) is preparing to serve final penalty notices in close to a dozen alleged forex violation cases against former IPL Chairman Lalit Modi and others as part of its wide-ranging probe in the alleged financial irregularities in various editions of the T-20 cricket extravaganza.
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Enforcement Directorate to Slap Penalty Notices in 16 Cases Against Lalit Modi, Others
The Enforcement Directorate (ED) is in the process of serving final penalty notices in 16 alleged forex violation cases amounting to an estimated Rs 1,700 crore against former IPL Chairman Lalit Modi and others as part of its wide-ranging probe in the alleged financial irregularities in various editions of the T-20 cricket extravaganza.
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Lalit Modi to be Slapped With Penalty Notices by Enforcement Directorate
The Enforcement Directorate is in the process of serving final penalty notices in 16 alleged forex violation cases amounting to an estimated Rs 1,700 crore against former IPL chairman Lalit Modi and others as part of its wide-ranging probe in the alleged financial irregularities in various editions of the T20 cricket extravaganza.
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Enforcement Directorate slaps 100 Crore penalty on Rajasthan Royals
The agency, which issued the penalty notice after a two years of investigations under the Foreign Exchange Management Act (FEMA), has sent out three separate notices to the IPL franchise totalling to Rs 98.5 crore plus some other similar notices earlier, sources said.
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Enforcement Directorate sends notice to Rajasthan Royals, slaps penalty of Rs 100 crore
The Enforcement Directorate (ED) has slapped a penalty notice of approximately Rs 100 crore against Indian Premier League (IPL) team Rajasthan Royals for allegedly violating forex laws in its business operations.
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Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation
Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of Rs. 5,551 crore.
-
Notice To Xiaomi India Official, Others Over Rs 5,551 Crore Case
A show-cause notice, issued upon the conclusion of a FEMA investigation, could lead to penalties that amount to three times the total contravention amount, once the case is settled.
-
Rs 20 Lakh Penalty For Air Asia After Lapses Found In Pilots' Training
The Directorate General of Civil Aviation, or DGCA, had issued show cause notices to the concerned manager, head of training, and all designated examiners of Air Asia as to why enforcement action should not be taken against them.
-
Flipkart Co-Founder Goes To Court After Probe Agency's Penalty Notice
Sachin Bansal, co-founder of e-commerce giant Flipkart, has mounted a court challenge against the Enforcement Directorate (ED), which has accused him and others of violation of foreign investment laws, court records showed.
-
Flipkart and Its Founders Said to Be Threatened With $1.35 Billion Fine by Enforcement Directorate
India's financial-crime agency has asked Walmart's Flipkart and its founders to explain why they shouldn't face a penalty of $1.35 billion (roughly Rs. 10,010 crores) for alleged violation of foreign investment laws, three sources and an agency official told Reuters.
-
Rs 230 Crore Show Cause Notice Slapped Against Accounting Firm PwC
The ED has slapped an over Rs 230-crore FEMA violation show cause penalty notice against multi-national accounting firm PricewaterhouseCoopers (PwC) and others, officials said on Friday.
-
Enforcement Directorate to Issue Final Notices in IPL Cases Involving Lalit Modi
The Enforcement Directorate (ED) is preparing to serve final penalty notices in close to a dozen alleged forex violation cases against former IPL Chairman Lalit Modi and others as part of its wide-ranging probe in the alleged financial irregularities in various editions of the T-20 cricket extravaganza.
-
Enforcement Directorate to Slap Penalty Notices in 16 Cases Against Lalit Modi, Others
The Enforcement Directorate (ED) is in the process of serving final penalty notices in 16 alleged forex violation cases amounting to an estimated Rs 1,700 crore against former IPL Chairman Lalit Modi and others as part of its wide-ranging probe in the alleged financial irregularities in various editions of the T-20 cricket extravaganza.
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Lalit Modi to be Slapped With Penalty Notices by Enforcement Directorate
The Enforcement Directorate is in the process of serving final penalty notices in 16 alleged forex violation cases amounting to an estimated Rs 1,700 crore against former IPL chairman Lalit Modi and others as part of its wide-ranging probe in the alleged financial irregularities in various editions of the T20 cricket extravaganza.
-
Enforcement Directorate slaps 100 Crore penalty on Rajasthan Royals
The agency, which issued the penalty notice after a two years of investigations under the Foreign Exchange Management Act (FEMA), has sent out three separate notices to the IPL franchise totalling to Rs 98.5 crore plus some other similar notices earlier, sources said.
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Enforcement Directorate sends notice to Rajasthan Royals, slaps penalty of Rs 100 crore
The Enforcement Directorate (ED) has slapped a penalty notice of approximately Rs 100 crore against Indian Premier League (IPL) team Rajasthan Royals for allegedly violating forex laws in its business operations.
