Foreign Exchange Management Act
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Enforcement Directorate Files Money Laundering Case Against Mahua Moitra
In more trouble for Trinamool Congress leader Mahua Moitra, the Enforcement Directorate today filed a money laundering case against her in connection with the alleged cash-for-query case.
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Anil Ambani Questioned In Foreign Exchange Violation Case: Sources
Industrialist Anil Ambani was questioned by the Enforcement Directorate today in an alleged case filed under the Foreign Exchange Management Act (FEMA), 1999.
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ED Seizes Rs. 8.26 Crore in Case Against Pigeon Education Technology, Alleges Firm Is Chinese-Owned
The Enforcement Directorate (ED) has seized Rs 8.26 crore in a case against Pigeon Education Technology India Private Limited under provisions of the Foreign Exchange Management Act (FEMA), 1999, according to an official statement issued on Friday. In its statement, the ED said that an investigation found that the company was owned by Chinese nati...
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High Court Upholds Rs 5,551 Crore Seizure From Xiaomi For Forex Violation
The High Court of Karnataka on Friday upheld the seizure of Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA).
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Amid Legal Battle With Probe Agency, Xiaomi's Global Veep Manu Jain Resigns
The development comes amidst the ongoing legal tussle between Enforcement Directorate and Xiaomi over alleged Foreign Exchange Management Act (FEMA) violation by the company.
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ED Seizes Rs. 5,551 Crore Worth of Deposits of Xiaomi India Under FEMA
The competent authority under the Foreign Exchange Management Act (FEMA) has approved an order of seizure of over Rs. 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi, the highest amount frozen till date in India, the ED said on Friday. Xiaomi is a trader and distributor of mobile phones in the country under the brand name ...
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ED Freezes WazirX Funds Worth Rs 64-Cr for 'Assisting' in Money Laundering
The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...
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ED Probing WazirX in 2 Cases, Transactions With Binance 'Cloaked in Mystery', Says MoS Finance
The Enforcement Directorate is investigating two cases related to cryptocurrency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), Minister of State for Finance Pankaj Chaudhary said on Tuesday. "...Further, it has been found that all crypto transactions between these two exchanges (WazirX and Binance) were not e...
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Rs 10 Crore Penalty For Ex Amnesty India Head For Forex Violation
Amnesty India International Pvt. Ltd and its former CEO Aakar Patel have been slapped with penalty of Rs 51.72 crore and Rs 10 crore respectively for contravention of the foreign exchange law, the ED said on Friday.
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LIC IPO Soon, Suggests Government's New Forex Act Notification: 5 Points
To allow large foreign portfolio investors (FPIs) to subscribe to shares in the public listing of the insurance behemoth, Life Insurance Corporation (LIC), the government has amended the rules of Foreign Exchange Management Act (FEMA).
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FEMA Rules Amended To Let 20% Foreign Investment In LIC's Public Issue
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC.
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Actor Yami Gautam Summoned Over Alleged Forex Violation of Rs 1.5 Crore
Bollywood actor Yami Gautam has been summoned by the Enforcement Directorate in Mumbai on Wednesday for alleged violation of the Foreign Exchange Management Act (FEMA).
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Assets Of Nagpur Le Meridien Owner, Relatives Worth Rs 40 Crore Seized
The Enforcement Directorate (ED) has seized assets worth Rs 40.34 crore belonging to real estate businessman Avinash Bhosle and his family members in connection with a case against him under the Foreign Exchange Management Act.
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Enforcement Directorate Issues Notice To Leading Crypto Exchange WazirX
The Enforcement Directorate issued a show cause notice to the country's largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA).
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Amarinder Singh's Son Appears Before Probe Agency In Foreign Exchange Case
Punjab Chief Minister Amarinder Singh's son Raninder Singh on Thursday appeared before the Enforcement Directorate at its Jalandhar office in an alleged Foreign Exchange Management Act (FEMA) violation case.
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Enforcement Directorate Files Money Laundering Case Against Mahua Moitra
In more trouble for Trinamool Congress leader Mahua Moitra, the Enforcement Directorate today filed a money laundering case against her in connection with the alleged cash-for-query case.
-
Anil Ambani Questioned In Foreign Exchange Violation Case: Sources
Industrialist Anil Ambani was questioned by the Enforcement Directorate today in an alleged case filed under the Foreign Exchange Management Act (FEMA), 1999.
-
ED Seizes Rs. 8.26 Crore in Case Against Pigeon Education Technology, Alleges Firm Is Chinese-Owned
The Enforcement Directorate (ED) has seized Rs 8.26 crore in a case against Pigeon Education Technology India Private Limited under provisions of the Foreign Exchange Management Act (FEMA), 1999, according to an official statement issued on Friday. In its statement, the ED said that an investigation found that the company was owned by Chinese nati...
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High Court Upholds Rs 5,551 Crore Seizure From Xiaomi For Forex Violation
The High Court of Karnataka on Friday upheld the seizure of Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA).
-
Amid Legal Battle With Probe Agency, Xiaomi's Global Veep Manu Jain Resigns
The development comes amidst the ongoing legal tussle between Enforcement Directorate and Xiaomi over alleged Foreign Exchange Management Act (FEMA) violation by the company.
-
ED Seizes Rs. 5,551 Crore Worth of Deposits of Xiaomi India Under FEMA
The competent authority under the Foreign Exchange Management Act (FEMA) has approved an order of seizure of over Rs. 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi, the highest amount frozen till date in India, the ED said on Friday. Xiaomi is a trader and distributor of mobile phones in the country under the brand name ...
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ED Freezes WazirX Funds Worth Rs 64-Cr for 'Assisting' in Money Laundering
The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...
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ED Probing WazirX in 2 Cases, Transactions With Binance 'Cloaked in Mystery', Says MoS Finance
The Enforcement Directorate is investigating two cases related to cryptocurrency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), Minister of State for Finance Pankaj Chaudhary said on Tuesday. "...Further, it has been found that all crypto transactions between these two exchanges (WazirX and Binance) were not e...
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Rs 10 Crore Penalty For Ex Amnesty India Head For Forex Violation
Amnesty India International Pvt. Ltd and its former CEO Aakar Patel have been slapped with penalty of Rs 51.72 crore and Rs 10 crore respectively for contravention of the foreign exchange law, the ED said on Friday.
-
LIC IPO Soon, Suggests Government's New Forex Act Notification: 5 Points
To allow large foreign portfolio investors (FPIs) to subscribe to shares in the public listing of the insurance behemoth, Life Insurance Corporation (LIC), the government has amended the rules of Foreign Exchange Management Act (FEMA).
-
FEMA Rules Amended To Let 20% Foreign Investment In LIC's Public Issue
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC.
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Actor Yami Gautam Summoned Over Alleged Forex Violation of Rs 1.5 Crore
Bollywood actor Yami Gautam has been summoned by the Enforcement Directorate in Mumbai on Wednesday for alleged violation of the Foreign Exchange Management Act (FEMA).
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Assets Of Nagpur Le Meridien Owner, Relatives Worth Rs 40 Crore Seized
The Enforcement Directorate (ED) has seized assets worth Rs 40.34 crore belonging to real estate businessman Avinash Bhosle and his family members in connection with a case against him under the Foreign Exchange Management Act.
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Enforcement Directorate Issues Notice To Leading Crypto Exchange WazirX
The Enforcement Directorate issued a show cause notice to the country's largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA).
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Amarinder Singh's Son Appears Before Probe Agency In Foreign Exchange Case
Punjab Chief Minister Amarinder Singh's son Raninder Singh on Thursday appeared before the Enforcement Directorate at its Jalandhar office in an alleged Foreign Exchange Management Act (FEMA) violation case.
