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1 month, 1 week ago

RBI, Sebi issue framework for reclassifying FPI investments as FDI

MUMBAI: The Reserve Bank of India and the Securities and Exchange Board have directed foreign portfolio investors to obtain necessary approvals from the government and concurrence from the investee companies in cases of acquisition of equity holdings beyond the prescribed limits. The direction better aligns with the Fema rules, the regulators said in separate notifications Monday and helps lift the …

Fdi Fpi Investments

10 months ago

ED issues fresh look-out notice against Byju Raveendran

The Hindu

The Enforcement Directorate has issued a fresh look-out notice against edutech entrepreneur Byju Raveendran in connection with the inquiry into alleged violation of the Foreign Exchange Management Act involving ₹9,362.35 crore. In November last year, the FEMA Adjudicating Authority had issued show cause notices to Think & Learn Private Limited, which runs education portal Byju’s, and Mr. Raveendran, based on …

Company Fema Foreign Fdi Raveendran

1 year, 4 months ago

National e-commerce policy in final stages; to be presented before top-level: Report

Hindustan Times

The proposed national e-commerce policy being formulated by the commerce and industry ministry is in the final stages and no new draft policy will be issued now for seeking views of stakeholders, a senior government official said. The Department for Promotion of Industry and Internal Trade on August 2 held a detailed discussion with representatives of e-commerce firms and a …

Policy Trade Proposed Fdi Domestic Traders

2 years, 2 months ago

ED attaches ₹1.54 crore in bank accounts of trust linked to Amnesty India

Hindustan Times

NEW DELHI: The Enforcement Directorate on Friday said it has provisionally attached ₹1.54 crore in bank accounts of a trust linked to Amnesty India under the Prevention of Money Laundering Act ED said Amnesty International India Pvt Ltd and IAIT were formed in the year 2013-14 and 2012-13 respectively to escape the FCRA route and carried out NGO activities in …

India International Amnesty Crore Bank Accounts Ngo Fdi

2 years, 3 months ago

Foreign Direct Investment In India: Law And Procedure

Live Law

1.1 What is FDI? In terms of Rule 2 of Foreign Exchange Management Rules, 2019, "Foreign Direct Investment means investment through equity instruments by a person resident outside India in an unlisted Indian company; or in ten percent or more of the post issue paid-up equity capital on a fully diluted basis of a listed Indian company." Since the 1991 …

India Indian Foreign Investment Company Foreign Direct Investment Issue Direct

2 years, 5 months ago

Explained | The ED and CBI’s cases against Amnesty International India and Aakar Patel

The Hindu

The story so far: A day after the Enforcement Directorate imposed a fine of ₹51.72 crore on Amnesty India and ₹10 crore on its former CEO Aakar Patel in relation to an alleged violation of the Foreign Exchange Management Act, the agency on July 9 filed a chargesheet against Amnesty India and associated entities in a money laundering case. According …

India International Bengaluru Delhi Money Laundering Indian Kashmir

2 years, 5 months ago

ED chargesheet reveals Amnesty may have taken foreign funds without permission under guise of FDI through dubious front: Report

Op India

Days after the prosecution complaint was filed against Amnesty International India in a money laundering case, the charge sheet filed by the Enforcement Directorate revealed that Aakar Patel who was the director of Amnesty International India Pvt Ltd, was also the Trustee of Indians for Amnesty International Trust from 2015 to 2019. The CBI had filed charges against AIIPL, IAIT, …

India International Trust Organization Amnesty Cbi Foreign

2 years, 8 months ago

Centre amends FEMA rules to allow 20% FDI in LIC

Hindustan Times

The government has amended rules of the Foreign Exchange Management Act, paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. Following the Cabinet approval, the Department for Promotion of Industry and Internal Trade on March 14 had amended the Foreign Direct Investment policy to facilitate overseas investment in LIC ahead of the …

Investment Fema Cent Foreign Ipo Lic Fdi

2 years, 9 months ago

Cabinet allows up to 20% foreign direct investment in IPO-bound LIC: Sources

Firstpost

New Delhi: The Union Cabinet on Saturday permitted up to 20 per cent foreign direct investment under automatic route in IPO-bound LIC with an aim to facilitate disinvestment of the country’s largest insurer, sources said. Since as per the present FDI policy, the foreign inflows ceiling for public sector banks is 20 per cent under government approval route, it has …

Crore Cabinet Foreign Ipo Lic Fdi

2 years, 10 months ago

Beyond Caste-centric Politics, BJP’s Bid for UPYOGI 2.0 in Uttar Pradesh

News 18

We do not have government by the majority. As per Net State Domestic Product at constant prices, per capita income grew at 2.99 per cent vis-à-vis 2.62 per cent during Akhilesh government. At present, the MSME sector contributes 60 per cent of the state’s annual industrial output and is the second biggest employer after agriculture. As a result, in the …

India Employment Uttar Pradesh States Investment Economic Units

3 years, 4 months ago

Forex violation case: ED slaps Rs 10,600-cr FEMA contravention notice against Flipkart, its founders

India TV News

The Enforcement Directorate has issued a show cause notice of about Rs 10,600 crore to e-commerce major Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday. They said the notice under various sections of the Foreign Exchange Management Act was issued to 10 people last month that includes Flipkart, its founders Sachin …

Violation Notice Fema Walmart Flipkart Fdi Its Founders

3 years, 5 months ago

E-commerce Rules Amendments: Adding Or Stripping Away The Competition Jurisdiction?

Live Law

The Government of India recently published certain proposed amendments to the Consumer Protection Rules, 2020 seeking public comments and suggestions. Several provisions of the Amendment Rules directly address the issues that are pending investigation before the CCI and lay down detailed regulations on the business practices of e-commerce entities: a) Definition of 'e-commerce entity': The definition of 'e-commerce entity' is …

Jurisdiction Competition Law Competition Rules Platform Amendment Its Platform

3 years, 6 months ago

As India watches keenly, Sri Lanka seeks FDI in Port City

The Hindu

Sri Lanka on Friday invited international investment into the Colombo Port City that it described as a “fully Sri Lankan project”, while official sources in New Delhi said they were “keeping a close eye” on the project and its “security implications”. “If it is only a commercial venture then that is their choice… We will continue to engage Sri Lanka, …

China Sri Lanka City Port New Delhi Colombo Lanka

3 years, 7 months ago

New insurance FDI rules a mixed bag for foreign investors

The Hindu

NEW DELHI Indian promoters of insurance joint ventures with foreign partners will no longer be able to nominate a majority of the board members, as per new rules notified under the Insurance Act. “In an Indian insurance company having foreign investment exceeding 49%, not less than 50% of its directors shall be independent directors, unless the chairperson of its board …

Insurance Board Indian Foreign Investors Rules Foreign Insurance Companies

3 years, 8 months ago

Govt May Hike FDI Limit in Pension Sector to 74%, Bill Likely in Monsoon Session

News 18

The government may hike foreign direct investment limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources. Last month, Parliament approved a Bill to increase FDI limit in the insurance sector from 49 per cent to 74 per cent. The Insurance Act, 1938 …

Pension Sector Cent Bill Limit Nps Pfrda

3 years, 9 months ago

Bill to Hike FDI in Insurance Sector to 74% Passed in Rajya Sabha Amid Opposition Uproar

News 18

Rajya Sabha on Thursday passed a bill to hike FDI in insurance sector to 74 per cent from the current 49 per cent. The Insurance Bill 2021, moved by Finance Minister Nirmala Sitharaman in the Upper House, was passed amid uproar as the Congress and other Opposition parties raised strong objections against it. The opposition to the bill forced adjournments …

Insurance Congress Opposition Rajya Sabha House Committee Cent

3 years, 9 months ago

Cabinet Approves Amendments in Insurance Act to Increase FDI up to 74%: Report

News 18

New Delhi: The Union Cabinet on Wednesday gave its nod for amendments in the Insurance Act, paving way for 74 per cent foreign direct investment in the sector. Currently, the permissible FDI limit in the life and general insurance stands at 49 per cent with ownership and management control with Indian. Finance Minister Nirmala Sitharaman in Budget 2021-22 said, “I …

Insurance Cent Cabinet Fdi 74 Report Insurance Act

3 years, 10 months ago

Amnesty International India's Assets Worth Over Rs 17 Cr Attached in Money Laundering Case

News 18

The Enforcement Directorate on Tuesday said it has attached over Rs 17 crore bank deposits in connection with its money laundering case against two entities of Amnesty International, the global human rights watchdog. This money laundering case of the ED is based on a Central Bureau of Investigation FIR filed against AIIPL, IAIT, Amnesty International India Foundation Trust and Amnesty …

India Money Laundering Amnesty Fcra Fdi International Uk Money Laundering Case

3 years, 10 months ago

Insurance Companies Won't Be Taking Money Outside India Despite Spike in FDI: Fin Min Secy

News 18

Despite the Union Budget 2021 raising FDI limit up to 74 per cent, insurance companies with foreign ownerships won’t be allowed to take money outside India, said Tarun Bajaj, Secretary, Department of Economic Affairs. In an exclusive interview to Moneycontrol, Bajaj said as per the provision under insurance act, companies are not allowed to send money outside India. When the …

India Insurance Indian Cent Insurance Companies Fdi

3 years, 10 months ago

Union Budget 2021 | FDI limit in insurance hiked to 74%

The Hindu

Union Finance Minister Nirmala Sitharaman on Monday announced an increase in Foreign Direct Investment limit in insurance from 49% to 74%. Tabling the Union Budget for 2020-21, she said, “We propose to amend the Insurance Act, 1938 and will launch a new investor charter for investor protection. Will launch a securities market code which will include the SEBI Act, the …

Insurance Act Fdi Union Budget Budget 2021 Union Budget 2021

3 years, 10 months ago

ED Initiates Probe Against Amazon Under Foreign Exchange Management Act

News 18

The Enforcement Directorate has initiated a probe against e-commerce giant Amazon for alleged violation of the foreign exchange law and rules of the country, official sources said on Thursday. The probe is being conducted under various sections of the Foreign Exchange Management Act after the central probe agency recently received a communication from the Commerce Ministry seeking “necessary action” against …

Future Amazon Fema Bse Act Flipkart Fdi

3 years, 11 months ago

Delhi High Court Issues Notice To Future Retail, Reliance in Amazon Appeal Against December Order

Live Law

The Delhi High Court today issued notice on Amazon's appeal against Single Judge Bench Justice Mukta Gupta's order on Future Retail's plea on the Reliance-Future Rs. Harish Salve appeared for Future Retail Ltd. Subramanium submitted that even though the single judge bench had ordered that the Emergency Arbitrator was not coram non judice, and the order was valid, by holding …

India Singapore Retail Future Emergency Court Amazon

3 years, 11 months ago

Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA

News 18

In a significant development related to disputes between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart. The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders for blatant violation of FDI Policy and Foreign …

India Amazon Violation Fema Flipkart Fdi Cait

3 years, 11 months ago

Centre Directs ED, RBI to Act Against Amazon and Flipkart for FDI, FEMA Violations

News 18

In a significant development related to war between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart. The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders alleging blatant violation of FDI Policy and Foreign …

India Amazon Violation Fema Act Flipkart Fdi

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Articles for Fdi, search results for act

RBI, Sebi issue framework for reclassifying FPI investments as FDI

ED issues fresh look-out notice against Byju Raveendran

National e-commerce policy in final stages; to be presented before top-level: Report

ED attaches ₹1.54 crore in bank accounts of trust linked to Amnesty India

Foreign Direct Investment In India: Law And Procedure

Explained | The ED and CBI’s cases against Amnesty International India and Aakar Patel

ED chargesheet reveals Amnesty may have taken foreign funds without permission under guise of FDI through dubious front: Report

Centre amends FEMA rules to allow 20% FDI in LIC

Cabinet allows up to 20% foreign direct investment in IPO-bound LIC: Sources

Beyond Caste-centric Politics, BJP’s Bid for UPYOGI 2.0 in Uttar Pradesh

Forex violation case: ED slaps Rs 10,600-cr FEMA contravention notice against Flipkart, its founders

E-commerce Rules Amendments: Adding Or Stripping Away The Competition Jurisdiction?

As India watches keenly, Sri Lanka seeks FDI in Port City

New insurance FDI rules a mixed bag for foreign investors

Govt May Hike FDI Limit in Pension Sector to 74%, Bill Likely in Monsoon Session

Bill to Hike FDI in Insurance Sector to 74% Passed in Rajya Sabha Amid Opposition Uproar

Cabinet Approves Amendments in Insurance Act to Increase FDI up to 74%: Report

Amnesty International India's Assets Worth Over Rs 17 Cr Attached in Money Laundering Case

Insurance Companies Won't Be Taking Money Outside India Despite Spike in FDI: Fin Min Secy

Union Budget 2021 | FDI limit in insurance hiked to 74%

ED Initiates Probe Against Amazon Under Foreign Exchange Management Act

Delhi High Court Issues Notice To Future Retail, Reliance in Amazon Appeal Against December Order

Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA

Centre Directs ED, RBI to Act Against Amazon and Flipkart for FDI, FEMA Violations