Jun 11, 2021 12:53 PM IST
The Enforcement Directorate initiated the FEMA investigation on the basis of an ongoing money laundering probe into “illegal” Chinese-owned online betting applications
- Jun 01, 2021 10:37 PM IST
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'.
- Jan 29, 2021 10:04 AM IST
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
- Dec 14, 2020 09:11 PM IST
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.
- Dec 08, 2020 10:56 PM IST
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..
- Nov 04, 2020 05:31 PM IST
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.
- Oct 27, 2020 08:33 PM IST
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.
- Apr 23, 2020 09:36 PM IST
Apart from investments in specific sectors, government nod was required only for investments originating from Pakistan and Bangladesh
- Dec 06, 2019 03:38 PM IST
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.
- Jul 29, 2019 12:57 PM IST
The message has gone out loud and clear. Not just Amrapali, but all errant developers habituated to flouting the law are on notice.
- Mar 22, 2019 02:40 PM IST
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).
- Apr 01, 2017 03:32 PM IST
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).
- Mar 24, 2017 07:55 PM IST
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.
- Mar 20, 2017 06:16 PM IST
- Mar 14, 2017 07:09 PM IST
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.
- Feb 24, 2017 07:46 PM IST
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.
- Feb 02, 2017 09:40 PM IST
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.
- Jan 24, 2017 07:40 PM IST
This article explains how an NRI can exchange old currency notes.
- Jan 04, 2017 08:56 PM IST
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.
- Jan 03, 2017 08:00 AM IST
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 R
- Jan 01, 2017 12:46 PM IST
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.
- Dec 21, 2016 07:10 PM IST
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.
- Dec 14, 2016 01:00 AM IST
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 R
- Dec 07, 2016 02:54 PM IST
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).
- Nov 25, 2016 03:42 PM IST
"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.