Fema

Friday, Apr 19, 2024 | Last Update : 02:13 PM IST

Finance Ministry notifies changes in FDI policy under FEMA law

Prior approval of government mandatory for foreign investments, to prevent the opportunistic takeover of domestic firms

23 Apr 2020 12:42 PM

The big new tech news recently has been the launch of Libra; a Block-chain-based payment system and currency unit promoted by Facebook.

The mystery coin

Libra is very very far from a proper Crypto currency structure.

07 Jul 2019 8:31 AM

A bench of Chief Justice Rajendra Menon and Justice AJ Bhambhani noted the submissions of the ED that a case has been registered under provisions of the Foreign Exchange Management Act (FEMA) against the two companies. (Representational Image)

ED probing if Amazon, Flipkart violated foreign exchange law, HC told

Delhi HC had earlier sought response of the centre, Amazon and Flipkart to plea which has sought a probe into alleged FDI violations.

18 Mar 2019 5:20 PM

"What steps Union government has taken? Is it still at the investigation stage? How long will it take to complete the investigation?," MP Bhartruhari Mahtab asked in the Lok Sabha during Zero Hour. (File Photo)

Lok Sabha: Bhartruhari Mahtab raises issue of alleged money laundering by Jay Panda

Mahtab alleged that Jay Panda, along with his wife and a family associate had opened an account in tax haven Bahamas in violation of rules.

12 Feb 2019 5:12 PM

They added Khan, who is popular for his renditions in India and Pakistan, has been asked to reply to the notice within 45 days (File Photo)

ED notice to Pak singer Rahat Fateh Ali Khan over foreign exchange violation

Enforcement Directorate issues notice to Pakistani singer Rahat Fateh Ali Khan under foreign exchange Act.

30 Jan 2019 10:53 AM

According to reports, the raids are being carried out since 2 pm today. (Photo: Twitter | ANI)

ED raids Amnesty International's Bengaluru office over FEMA violations

ED is looking for alleged violation of foreign funding rules linked to earlier MHA probe into NGO's accounts related to FCRA funds.

25 Oct 2018 7:11 PM

Former Union Finance Minister P Chidambaram. (Photo: PTI/File)

Chidambaram accuses ED of making 'wild allegations' against his son

ED issued show cause notice to Karti P Chidambaram under FEMA violation to the tune of ₹2262 crore.

18 Apr 2017 1:13 PM

Hurriyat Conference leader Syed Ali Shah Geelani. (Photo: File)

ED summons Yasin Malik, Geelani in money laundering, FEMA cases

Earlier in June 2002, USD 10,000 was found during searches by the Income Tax department at Geelani's residence in Hyderpora.

15 Mar 2017 6:23 PM

Mittu Chandilya (left) joined AirAsia India in 2013.

ED summons former AirAsia India CEO Mittu Chandilya

Anti-money laundering agency gives Chandilya two weeks to appear before it and take questions.

06 Mar 2017 5:32 PM

The Rs 28 lakh seized in new notes of Rs 2000 from the airport.

AIU siezes Rs 28 lakh in new notes from Dubai-bound flier

A source from customs informed The Asian Age that, taking currency above worth Rs 25,000 out of India is illegal.

23 Dec 2016 2:27 AM

Board members and trustees are also aware that in the case of AirAsia, ethical concerns have been raised with respect to certain transactions as well as overall prevailing culture within the organisation.

ED to probe Rs 22 cr alleged fraud at AirAsia

The probe will also look at a specific transaction of Rs 12 crore, out of Rs 22 crore, made to a Singaporean firm.

07 Dec 2016 3:12 PM

The Enforcement Directorate has carried out massive raids in 50 branches of 10 banks across the nation. (Photo: PTI/Representational)

Note ban: ED raids 50 bank branches across India

The Enforcement Directorate officials have started to check up those accounts that have suspicious transaction post demonetisation.

07 Dec 2016 2:02 PM

Edu bodies, real estate top black money hoarders

During 2015-16, I-T Dept conducted 445 searches which discovered undisclosed income of Rs 11,066 crore.

25 Nov 2016 3:57 PM

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Mohan Guruswamy

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