Enforcement Directorate confirms issue of show cause notice against Byju's in FEMA violation case
New Delhi: The Enforcement Directorate (ED) Tuesday officially confirmed the issuance of a show cause notice to the edtech firm Think and Learn Private Limited, as well as to Byju Raveendran, in connection with a FEMA violation case.
Anil Ambani questioned by ED in FEMA violation case
Mumbai: Reliance ADA Group Chairman Anil Ambani appeared before the Enforcement Directorate (ED) in Mumbai on Monday, media reports said.
New Delhi: Enforcement Directorate (ED) on Friday issued showcause notices to Chinese mobile manufacturer Xiaomi and three banks for alleged foreign exchange violation of Rs 5,551.27 crore.
Byju's ‘confident’ FEMA rules not violated: Report
After Saturday’s ED searches, Byju Raveendran, the CEO of educational platform Byju's, in a letter to his employees stated that the company has brought more foreign direct investment (FDI) to India than any other startup and no FEMA rules.
ED searches Byju’s office, residence over alleged FEMA violations
New Delhi: Directorate of Enforcement (ED) conducted searches at three locations-two business and one residential- of Raveendran Byju and his company in Bengaluru over alleged violation of the provisions of Foreign Exchange Management Act (FEMA), the probe agency said on Saturday.
Xiaomi's Rs 5,551 seizure by ED upheld by India's top forex authority
New Delhi: The seizure of Chinese phone maker Xiaomi's Rs 5,551 crore by the Enforcement Directorate (ED) for remitting money overseas as royalty has been confirmed by India's foreign exchange authority.
ED attaches Rs 5,551 cr of Chinese smartphone giant Xiaomi for forex violations
New Delhi: The Enforcement Directorate (ED) has seized Rs 5,551.27 crore of Xiaomi Technology India Pvt Ltd - a 'wholly-owned subsidiary of China-based Xiaomi group' under the provisions of the Foreign Exchange Management Act (FEMA), 1999.
Forex Rule violation: RBI slaps fine on five banks
New Delhi, Dec 21 (IBNS): The Reserve Bank of India on Wednesday said it has imposed monetary penalty on the following five banks for violation of Reserve Bank of India’s instructions on reporting requirements of the Foreign Exchange Management Act, 1999 (FEMA).