SEBI Probes LS Industries’ $1 Investment Turning $328.6 Million Dubai-based investor Jahangir Panikkaveettil Perumbarambathu profited significantly from selling shares, raising concerns about FEMA...
Bombay High Court: Share Premium from Share Issuance Is Capital, Does Not Constitute Income The Bombay High Court has ruled that the share premium obtained from share issuance is categorized under...
RBI Slaps Fines on HDFC Bank and Bank of America for Regulatory Breaches The Reserve Bank of India (RBI) has invoked its powers under the Foreign Exchange Management Act (FEMA) to impose fines on...
Byju's Founder Hit by ₹9,300-crore FEMA Violation Allegations, ED Issues Show-Cause Notices The Enforcement Directorate (ED), India's financial crime-fighting agency, has issued show-cause notices...
Supreme Court Upholds Enforcement Officer's Authority to File FERA Complaints During FEMA Sunset Period The Supreme Court has ruled that Enforcement Officers appointed and authorized under the...
Xiaomi appeals before Karnataka High Court against Single-Judge Order Upholding Section 37A of FEMA The case has been posted for hearing on 11 July Chinese technology company Xiaomi has...
Central Government Issues Notification: Incorporates International Credit Card Spending Under Liberalized Remittance Scheme The Ministry of Finance through its Department of Economic Affairs has...
Karnataka High Court Upholds Seizure of Rs, 5,551 Crore from Xiaomi for FEMA Violation The Karnataka High Court has rejected the petition filed by Xiaomi India challenging an order passed by the...
Madras High Court rules it cannot be a hurdle in ED investigation unless the agency misuses power Dismisses petition registered under the Prevention of Money Laundering Act The Madras High Court...
Delhi High Court rules against duty drawback to exporters in absence of sale proceedings The Directorate of Revenue Intelligence discovered that the petitioner was part of a syndicate involved in...
Delhi High Court rejects defamation plea filed by former PwC official The bench found no error or perversity in the Tis Hazari Court's additional sessions judge's order The Delhi High Court has...
ICAI slaps over 200 CAs for aiding Chinese firms to violate Companies Act, 2013 More than 200 chartered accounts have received disciplinary notices issued by the CA Institute for their alleged role...
