Follow Us on Google News New Delhi, July 23 (IANS) The Enforcement Directorate (ED) on Wednesday said that it has filed a formal complaint against Myntra Designs Private Limited, its related companies, and their directors for alleged violations under the Foreign Exchange Management Act (FEMA), 1999. The action was taken by the Bengaluru Zonal Office … Read more
Follow Us on Google News New Delhi, June 29 (IANS) Former IPL head Lalit Modi has approached the Supreme Court seeking a direction to the BCCI (Board of Control for Cricket in India) to pay a penalty of Rs 10.65 crore, slapped on him by the ED, on his behalf. Earlier, the Bombay High Court … Read more
Follow Us on Google News Bengaluru, June 23 (IANS) The Enforcement Directorate (ED), Bengaluru Zonal Office, has conducted searches at three premises of a Doha-based businessman, Mohammed Iqbal and others in the districts of Udupi and Shivamogga, Karnataka, in connection with a case under the Foreign Exchange Management Act (FEMA), an official said on Monday. … Read more
Follow Us on Google News Chennai, June 5 (IANS) The Directorate of Enforcement’s (ED) Chennai Zonal Office has ordered the seizure of immovable property worth approximately Rs 16.19 crore belonging to RR Industries Limited, under Section 37A of the Foreign Exchange Management Act (FEMA), 1999. The ED initiated its investigation following preliminary findings that revealed … Read more
Follow Us on Google News Bengaluru, May 30 (IANS) The Directorate of Enforcement (ED), Bengaluru Zonal Office has conducted search operations on March 27, 2025 at 3 premises in Bengaluru and one premise in Mangaluru, of private firm Sri Kumaraswamy Mineral Exports Pvt. Ltd and found violations of the Foreign Exchange Management Act (FEMA), an … Read more
Follow Us on Google News New Delhi, April 3 (IANS) In a major development, the Directorate of Enforcement (ED), Jalandhar, has seized immovable properties worth Rs. 22.02 Crore of M/s Rana Sugars Ltd for violating the Foreign Exchange Management Act (FEMA), 1999. The company has been accused of holding foreign exchange outside India in contravention … Read more
New Delhi, March 4 (IANS) Shares of Paytm’s parent company, One97 Communications Limited, fell over 3 per cent in early trading on Tuesday after the Enforcement Directorate (ED) issued a notice against the firm. The stock dropped as much as 3.26 per cent to Rs 702 per share during intra-day trade. The ED announced on … Read more
New Delhi, March 3 (IANS) The Enforcement Directorate (ED) on Monday issued a show-cause notice to One97 Communications Ltd, the parent company of Paytm, its Managing Director Vijay Shekhar Sharma and others for violating certain provisions of the Foreign Exchange Management Act, 1999 (FEMA, 1999) worth Rs 611 crore. The show-cause notice has been issued … Read more