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KKR owner Shah Rukh Khan summoned over alleged FEMA violation in IPL

KKR owner Shah Rukh Khan summoned over alleged FEMA violation in IPL

In March, the agency had issued a show-cause notice to SRK and his wife Gauri, actor-friend Juhi Chawla and others. But Bollywood superstar had not appeared before the agency.

'IT dept sent 266 requests overseas in Panama papers probe'

The Income Tax department has sent over 260 requests overseas seeking information in connection with its tax evasion probe in the Panama papers leak case.

RBI prohibits investments in 'non-cooperative countries'

RBI prohibits investments in 'non-cooperative countries'

Reserve Bank on Wednesday prohibited Indian entities from making direct investments in any entity located in 'non co-operative countries and territories', as identified by the inter-governmental body FATF.

ED to resume questioning of Air Asia CFO in FEMA violation case

ED to resume questioning of Air Asia CFO in FEMA violation case

Enforcement Directorate (ED) will once again question Air Asia Chief Financial Officer (CFO) Ankur Khanna under the Foreign Exchange Management Act (FEMA) to probe alleged fraudulent transactions of Rs. 22 crore.

Tata-DoCoMo deal: Finance Ministry rejects RBI plea for FEMA exemption

Tata-DoCoMo deal: Finance Ministry rejects RBI plea for FEMA exemption

Rejecting RBI plea for exempting Tata-DoCoMo deal from foreign exchange Act, the Finance Ministry has said the two firms had entered into a share buyback contract in contravention of prevalent law and the case will now have to be legally settled.

RBI imposes Rs 27-crore penalty on 13 banks

RBI imposes Rs 27-crore penalty on 13 banks

Reserve Bank of India (RBI) has imposed Rs 27-crore penalty on 13 public and private sector banks of the country for violation of Know Your Customer (KYC) norms.

Capt Amarinder slams Jaitley for 'fraud notice' against his son

Former Punjab chief minister Captain Amarinder Singh on Monday dubbed the Enforcement Directorate summon issued against his son Raninder Singh for alleged violation of the Foreign Exchange Management Act (FEMA) as 'fraud notice' and said Union Finance Minister Arun Jaitley can't get over his defeat in the 2014 general election.

VVIP chopper scam: Enforcement Directorate tried to dilute probe, delay money trail investigation?

VVIP chopper scam: Enforcement Directorate tried to dilute probe, delay money trail investigation?

Every day there is a new and shocking development in AgustaWestland VVIP chopper scam!

Freedom 251: ED probing Ringing Bells for alleged FEMA violation

Freedom 251: ED probing Ringing Bells for alleged FEMA violation

The Directorate of Enforcement is investigating Ringing Bells, the company which has launched smartphone for Rs 251, for alleged contravention of FEMA.

Black money: RBI invites applications for regularisation of declared wealth

Black money: RBI invites applications for regularisation of declared wealth

The Reserve Bank Wednesday said that those who have declared unaccounted overseas assets under the blackmoney law should file application with its central office for regularisation of declared wealth.

No FEMA action for disclosure under black money window: RBI

RBI Wednesday said no action under FEMA will be taken against declarations under one-time black money compliance window, which ends today.

No action under FEMA for disclosures during black money window

No action under FEMA for disclosures during black money window

Government has clarified that all those declaring overseas assets during the black money compliance window will not face any penalty or prosecution under FEMA and four other laws.

No action under FEMA against black money declarants: RBI

No action under FEMA against black money declarants: RBI

In a bid to encourage disclosure of undeclared assets held abroad, the Reserve Bank of India Thursday said no action under FEMA will be taken against declarations under one-time compliance window ending on Wednesday.

Immunity from FEMA for disclosures of black money: Govt

The government will give immunity from prosecution under FEMA, Prevention of Money Laundering Act and four other laws to persons declaring undisclosed foreign assets under the compliance window of the new Black Money Act.

Opposition flays govt for clubbing non-money aspects with Finance Bill

The objection was made as soon as the House decided to take up the Appropriation Bill 2015 and the Finance Bill 2015 for discussion in the Upper House.

'Govt amending law to provide compensation to duped investors'

Thousands of crores of rupees are stuck in these schemes as CBI Director Anil Sinha had recently said that Rs 80,000 crore of 6 crore investors stands locked in such scams probed by the agency.

ED issues Rs 3,600 cr FEMA notice to Sahara for London property

ED issues Rs 3,600 cr FEMA notice to Sahara for London property

Enforcement Directorate (ED) on Friday slapped a show cause notice on Sahara group for alleged violations of foreign exchange laws to the tune of Rs 3,600 crore in connection with the purchase of a luxury property in London few years back.

ED slaps Rs 660 cr notice on Videocon for forex violations

Enforcement Directorate (ED) has issued a Rs 660 crore showcause notice to consumer electronics major Videocon Group on charges of violation of foreign exchange laws.

ED probing any FEMA violation by Bharti-Walmart

Violation of foreign direct investment (FDI) regulations is covered under the penal provision of FEMA.