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  • ED issues show-cause notice to crypto exchange WazirX’s directors Nischal Shetty and Sameer Mhatre Jun 11, 2021 12:53 PM IST

    ED issues show-cause notice to crypto exchange WazirX’s directors Nischal Shetty and Sameer Mhatre

    The Enforcement Directorate initiated the FEMA investigation on the basis of an ongoing money laundering probe into “illegal” Chinese-owned online betting applications

  • Sebi issues guidelines for off-market transfer of securities by FPIs to IFSC Jun 01, 2021 10:37 PM IST

    Sebi issues guidelines for off-market transfer of securities by FPIs to IFSC

    For relocation, a Foreign Portfolio Investor (FPI) or its wholly-owned special purpose vehicle may approach its Designated Depository Participants (DDP) for approval of a "one-time 'off-market' transfer of its securities to the 'resultant fund'.

  • Amazon-Future Retail deal | Enforcement Directorate probing FEMA violations: Report Jan 29, 2021 10:04 AM IST

    Amazon-Future Retail deal | Enforcement Directorate probing FEMA violations: Report

    The ED action comes after the Delhi HC during the hearing observed that Amazon and FRL’s deal appeared to be in violation of FEMA

  • RBI exempts certain accounts from its new current account rules; here are the details Dec 14, 2020 09:11 PM IST

    RBI exempts certain accounts from its new current account rules; here are the details

    Under the new rules, all the scheduled commercial banks and payments banks will be excluded from the RBI's August 6 circular when the regulator specified certain rules for opening of current accounts by banks.

  • Govt issues FEMA notification for 74% FDI in defence through automatic route Dec 08, 2020 10:56 PM IST

    Govt issues FEMA notification for 74% FDI in defence through automatic route

    The government has clearly mentioned that all foreign investment in the defence sector is subject to security clearance by the Ministry of Home Affairs and as per guidelines of the Ministry of Defence..

  • CAIT seeks action against Amazon for alleged FEMA violation Nov 04, 2020 05:31 PM IST

    CAIT seeks action against Amazon for alleged FEMA violation

    Trading body writes to Union commerce minister saying that Amazon violated FEMA norms and amassed Rs 40,000 crore. It also accuses the company of trying to illegally acquire Future Retail Ltd.

  • SC stays Bombay HC order allowing Lalit Modi to cross examine 5 people in FEMA case Oct 27, 2020 08:33 PM IST

    SC stays Bombay HC order allowing Lalit Modi to cross examine 5 people in FEMA case

    In the meanwhile, there shall be stay of operation of the impugned judgment and order of the High Court, the bench said, while issuing notice to Lalit Modi in the matter.

  • New FDI law covering Chinese investments sends dealmakers into a tizzy Apr 23, 2020 09:36 PM IST

    New FDI law covering Chinese investments sends dealmakers into a tizzy

    Apart from investments in specific sectors, government nod was required only for investments originating from Pakistan and Bangladesh

  • Govt asks e-commerce firms to file FDI compliance report annually Dec 06, 2019 03:38 PM IST

    Govt asks e-commerce firms to file FDI compliance report annually

    As per the government notification issued on Thursday, e-commerce companies have to obtain statutory auditor report by September-end for the preceding financial year.

  • SC’s Amrapali judgment: A watershed moment for real estate sector? Jul 29, 2019 12:57 PM IST

    SC’s Amrapali judgment: A watershed moment for real estate sector?

    The message has gone out loud and clear. Not just Amrapali, but all errant developers habituated to flouting the law are on notice.

  • ED slaps Rs 14.40 lakh penalty, confiscates RS 6.8 lakh in FEMA case against Syed Ali Shah Geelani Mar 22, 2019 02:40 PM IST

    ED slaps Rs 14.40 lakh penalty, confiscates RS 6.8 lakh in FEMA case against Syed Ali Shah Geelani

    The case pertains to Geelani in illegal possession of foreign exchange, a case which was being investigated by the ED under the Foreign Exchange Management Act (FEMA).

  • Crackdown on shell companies: ED searches at 100 places in 16 states Apr 01, 2017 03:32 PM IST

    Crackdown on shell companies: ED searches at 100 places in 16 states

    The action is part of the mandate given to the ED under a Special Task Force (STF) that was recently created by the government on the directions of the Prime Ministers Office (PMO).

  • IPL: ED notice to SRK, Gauri, Juhi for Rs 73 Cr violation Mar 24, 2017 07:55 PM IST

    IPL: ED notice to SRK, Gauri, Juhi for Rs 73 Cr violation

    The Enforcement Directorate today issued a show-cause notice to actor Shah Rukh Khan, his wife Gauri, actor-friend Juhi Chawla and others for alleged loss of Rs 73.6 crore foreign exchange in a FEMA case related to the T-20 cricket league IPL.

  • Three cases under probe for possible violation of FEMA: Govt Mar 20, 2017 06:16 PM IST

    Three cases under probe for possible violation of FEMA: Govt

  • Want fresh look into Tata-Docomo arbitral award: RBI tells HC Mar 14, 2017 07:09 PM IST

    Want fresh look into Tata-Docomo arbitral award: RBI tells HC

    The RBI today told the Delhi High Court that it wants to take a fresh look into the USD 1.17 billion arbitral award granted in favour of Japanese telecom major NTT Docomo for Tata Sons' alleged breach of its agreement.

  • ED slaps Rs 288 cr FEMA notice on NRI businessman Feb 24, 2017 07:46 PM IST

    ED slaps Rs 288 cr FEMA notice on NRI businessman

    The ED has issued a show cause notice to NRI businessman C C Thampi and his firms for alleged violation of forex laws amounting to over Rs 288 crore in acquiring vast tracts of land in Delhi and adjoining areas.

  • RBI permits NRIs access to ETCD market Feb 02, 2017 09:40 PM IST

    RBI permits NRIs access to ETCD market

    RBI today allowed NRIs access to the exchange traded currency derivatives (ETCD) market to hedge currency risk arising out of their investments in India, a move aimed at providing them additional heding options.

  • NRIs can exchange old notes till June 30: A step by step guide Jan 24, 2017 07:40 PM IST

    NRIs can exchange old notes till June 30: A step by step guide

    This article explains how an NRI can exchange old currency notes.

  • Removal of restrictions after assessment by RBI: Jaitley Jan 04, 2017 08:56 PM IST

    Removal of restrictions after assessment by RBI: Jaitley

    The RBI will remove restrictions on cash withdrawals after assessing market situation, Finance Minister Arun Jaitley said today even as he ruled out interfering with the conditions barring anyone other than NRIs and Indians returning from abroad from depositing the junked notes in select central bank branches.

  • Policy changes to attract NRIs to Indian realty, in 2017 Jan 03, 2017 08:00 AM IST

    Policy changes to attract NRIs to Indian realty, in 2017

    The Indian property market has always been quite attractive for non-resident Indians (NRIs). The only concern, has been with the opaque nature of the business, with its lack of information and scientific process of &#82

  • NRIs can exchange defunct notes till June 30, others till March Jan 01, 2017 12:46 PM IST

    NRIs can exchange defunct notes till June 30, others till March

    RBI tonight came out with conditions for exchange of defunct notes for those, including non-resident Indians, who failed to do so till yesterday, the last day for depositing the invalid currency notes in banks.

  • RBI slaps fine on 5 foreign banks for violating FEMA rules Dec 21, 2016 07:10 PM IST

    RBI slaps fine on 5 foreign banks for violating FEMA rules

    The Reserve Bank today imposed penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of the FEMA.

  • NRI investment in real estate: Flexible policies are the need of the hour Dec 14, 2016 01:00 AM IST

    NRI investment in real estate: Flexible policies are the need of the hour

    The Indian government unabashedly woos the Indian diaspora to invest in various sectors in India and is considering easing norms further. Yet, the government makes Non-Resident Indians (NRIs) jump through hoops when it comes &#82

  • ED registers FEMA case in Rs 22 cr fraud claim in Air Asia Dec 07, 2016 02:54 PM IST

    ED registers FEMA case in Rs 22 cr fraud claim in Air Asia

    ED has issued summons to the airline's officials and a few others to submit relevant documents and explain the matter to investigators next week as part of its probe into the case registered under the Foreign Exchange Management Act (FEMA).

  • Black money rampant in educational institutions,real estate:Govt Nov 25, 2016 03:42 PM IST

    Black money rampant in educational institutions,real estate:Govt

    "The data indicates that the main sectors in which black money is rampant include real estate, finance, trading, manufacturing, educational institutes and services," Minister of State for Finance Santosh Kumar Gangwar said in a written reply in the Lok Sabha.

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