Jun 22, 2021 01:41 PM IST
The attached assets are in the form of equity shares and preference shares held in Classic City Investment Pvt Limited, Pune, which owns three luxury hotels in five-star category--Hotel Westin, Pune, Hotel Le Meridien in Nagpur and Hotel W Retreat & Spa located in Goa, the agency said.
- Jun 27, 2018 10:15 AM IST
In November 2015, the ED had issued show-cause notices to NDTV for allegedly flouting foreign exchange regulations while availing of overseas and foreign direct investment facilities to the tune of over Rs 2,000 crore.
- Mar 20, 2017 06:16 PM IST
- Mar 20, 2017 05:40 PM IST
The government has initiated three investigation cases against e-commerce companies till February this year for possible violation of the Foreign Exchange Management Act (FEMA), Parliament was informed today.
- 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
- Dec 30, 2016 09:50 PM IST
The agency has registered over 26 criminal cases under the Prevention of Money Laundering Act (PMLA), arrested 18 people and over 150 inquiries have been launched under the Foreign Exchange Management Act (FEMA) since November 8, official sources said.
- 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).
- May 10, 2016 10:18 PM IST
With traders body CAIT alleging violation of foreign direct investment norms in the e-commerce sector by Flipkart and Paytm, the DIPP on May 10 said it is the RBI that "administers" the FDI policy and ED which is the "enforcing authority".
- May 10, 2016 12:28 PM IST
Finance Ministry in a statement today said the crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years, a 32 per cent jump over a similar previous period.
- Apr 08, 2016 07:52 AM IST
"With a view to easing the process of hedging, it is proposed to introduce a more liberalised framework for importers and exporters by reducing the documentary requirements for hedging trade transactions under the contracted exposure route," RBI said on its website.
- Feb 04, 2016 09:32 PM IST
As per draft norms, an investee company receiving FDI should issue shares within 60 days of receipt of foreign investment and file the report with the Reserve Bank. Timeline under FEMA is 180 days of the receipt of FDI
- Dec 01, 2015 06:11 PM IST
In August Enforcement Directorate had issued summons to two directors of a firm linked to Karti in connection with its money laundering and hawala probe in the Aircel-Maxis case.
- Aug 02, 2015 05:32 PM IST
Sector regulator PFRDA is looking at allowing pension fund managers to invest up to 3 per cent of corpus in private equity (PE) to maximise return, and a decision in this regard is likely to be taken in 3-4 months.
- Apr 29, 2015 05:36 PM IST
The agency which probes financial crimes under prime laws of the Prevention of Money Laundering Act (PMLA), the Foreign Exchange Management Act (FEMA) and the repealed Foreign Exchange Regulation Act (FERA) has broken all records of lodging complaints and prosecuting the accused of financial frauds, hawala and money laundering.
- Jan 06, 2015 05:08 PM IST
According to sources, SIT on black money has recommended that the enforcement agency be allowed to initiate a probe without any predicate offences under PMLA.
- Sep 13, 2013 03:00 PM IST
ED has suggested financial irregularities in the form of Foreign Exchange Management Act (FEMA) violations and more violations under Preventive Money Laundering Act (PMLA), indicating siphoning of money took place.
- Aug 16, 2013 07:03 PM IST
Reserve Bank have dismissed rumors that the it may impose capital control measures on foreign institutional investors (FII). For Foreign Direct Investment (FDI) under the Foreign Exchange Management Act (FEMA) itself it will be illegal to stop any such repatriation, reports CNBC-TV18's Latha Venkatesh.
- Jun 04, 2013 07:30 PM IST
The government on Tuesday accused Emaar MGF Land Ltd , a joint venture between Dubai's Emaar Properties PJSC and India's MGF Development Ltd, of violating foreign exchange rules over investments of Rs 8,600 crore.
- Dec 04, 2012 05:15 PM IST
Opposition BJP and Left parties demanded separate debates with voting on FDI in retail and related amendments in Foreign Exchange Management Act (FEMA) rules in Lok Sabha, but it was vociferously opposed by the government and rejected by Speaker Meira Kumar.
- Nov 30, 2012 06:36 PM IST
The government today tabled in Lok Sabha amendments to FEMA Regulations, including the one that has operationalised the controversial decision to allow FDI in the multi-brand retail.
- Nov 30, 2012 04:36 PM IST
The Enforcement Directorate has issued 220 notices for violation of forex laws in the last three years.
- Nov 19, 2012 10:27 PM IST
Former DIPP secretary Ajay Dua explains to CNBC-TV18 that the Lok Sabha Speaker is key to the House initiative on retail FDI.
- Nov 15, 2012 04:17 PM IST
The Enforcement Directorate (ED) will soon issue notices to American retail giant Wal-Mart as part of its probe against the company's investment in an Indian firm for alleged violations of forex laws.
- Oct 15, 2012 03:20 PM IST
The Supreme Court has come to the government's rescue on Foreign Direct Investment (FDI) in the retail sector. The Supreme Court has asked the government to amend the Foreign Exchange Management Act (FEMA) regulations to implement FDI in retail.
- Aug 09, 2012 02:19 PM IST
The Enforcement Directorate has initiated a probe against Reebok India under foreign exchange laws, government said in Parliament today.