The Enforcement Directorate (ED) has conducted pan-India searches into alleged illegal fund flows through foreign debit cards, with parts of Jharkhand’s Left Wing Extremism (LWE)-affected belt emerging as a key concern due to unusual cash withdrawals.
The Enforcement Directorate has summoned BJP leader and former Punjab Chief Minister Capt Amarinder Singh and his son Raninder Singh in connection with a Foreign Exchange Management Act (FEMA) violation case of 2016.
The Enforcement Directorate (ED) Jalandhar Zonal Office announced on Sunday that it recently conducted search operations at four locations in Phagwara, Punjab, under the provisions of the Foreign Exchange Management Act (FEMA).
The action is part of ongoing investigations into undisclosed properties held by Indians in Dubai.
The Enforcement Directorate (ED) officials on Wednesday launched simultaneous raids under the Foreign Exchange Management Act (FEMA) at 17 locations across Kerala and Tamil Nadu in connection with the ongoing investigation into the alleged smuggling of high-end pre-owned vehicles, and related to unauthorised foreign exchange transactions.
First, regulatory authorities should work closely with start-ups and investors to establish clear guidelines and best practices for valuation. Transparency is paramount and start-ups must maintain comprehensive records of their valuation methodologies.
FEMA violation of $5,551 crore, the Enforcement Directorate issued a show-cause notice to Xiaomi Technology India, CFO Sameer Rao, its former MD Manu Jain, and 3 banks. According to the officials, the notice relates to illegal remittances made by the company totaling $5,555.27 crores.
Directorate of Enforcement (ED) has attached assets worth Rs 305.84 crore of a private firm under section 37A of the Foreign Exchange Management Act, 1999 for violation of section 4 of the Act.
Five premises of leading crypto exchange CoinSwitch Kuber were searched on Thursday by the Enforcement Directorate for alleged Foreign Exchange Management Act (FEMA) violations.
It has been rightly held that Amazon acquired control of Future Retail by virtue of its arbitrary dominance in Future Coupon Limited and in the absence of any Government approval, it is contrary to FEMA & FDI rules, according to CAIT.
