News Muncher - searching for fema

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

Amazon, Flipkart face FEMA violation probes; ED conducts pan-India raids

Firstpost

A probe has been initiated by the federal agency under the provisions of the Foreign Exchange Management Act after it received several complaints against the two large e-commerce companies where it is alleged that they were ”violating India’s FDI rules New Delhi: The Enforcement Directorate Thursday conducted searches against some of the ”main vendors” operating on platforms of e-commerce giants …

India Delhi Companies Fema Small Flipkart Fdi

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, 7 months ago

Byju’s brought more FDI to India than other startups, company in compliance with laws: CEO after ED raid

The Hindu

After financial crime-fighting agency ED searched Byju's premises, the education platform's CEO Raveendran Byju wrote to employees saying the company brought more FDI to India than any other startup and that the firm fully complies with all applicable foreign exchange laws. "As we are funded by 70+ impact investors who have satisfactorily done due diligence on our operations, including all …

India Fema Foreign Byju Fdi Raveendran More Fdi

1 year, 8 months ago

Senior Legal Consultant Vacancy At Department Of Promotion Of Industry And Internal Trade, New Delhi

Live Law

Department Of Promotion Of Industry And Internal Trade, New Delhi invites applications for the post of Senior Legal Consultant purely on a contract basis. Name of the Post: Senior Legal Consultant No. • Minimum 10 years of relevant post-qualification work experience interalia including Examining matters related to FDI Policy / FEMA / FEM Rules Examining FDI proposals requiring Government Approval …

Fdi Senior Legal Consultant Fdi Policy

2 years, 5 months ago

Traders' body CAIT alleges FDI, GST norms violated by Metro Cash & Carry, German retailer refutes allegations

Firstpost

CAIT said that as per reports, Metro Germany is looking to sell the India business and make profits of over Rs 10,000 crore on its investment in the country Metro Cash and Carry has been accused by the traders’ body Confederation of All India Traders of fund diversion and violating foreign direct investment, or FDI, regulations and flouting goods and …

Business India Indian Metro German Sell Carry

2 years, 7 months ago

ED probed 17,000 cases under FEMA in 6 years

Hindustan Times

New Delhi: Last week’s move by the Enforcement Directorate against Chinese phone company Xiaomi, seizing ₹5521 crore held in the company’s bank accounts under the FEMA comes as the agency increases its scrutiny of violations of foreign exchange laws. Over 17,000 cases probed, 27,000 summons issued, 771 raids carried out by ED under FEMA in last six years ED initiated …

India Xiaomi Fema Fdi Ed Foreign

2 years, 8 months ago

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue

Firstpost

The government is planning to dilute its stake in LIC through the the IPO. LIC in February had filed the Draft Red Herring Prospectus before the markets regulator Sebi for the IPO New Delhi: 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 …

Investment Foreign Investment Fema Public Ipo Lic Fdi

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

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

Escrows and Specific Capital Account Regulations – A Brief Study

Live Law

Every country that seeks Foreign Investment in a global and competitive market has to ensure that, its laws/ regulations are in sync with the ground realities and expectations of the global and domestic business community, while keeping in mind the national interest. Escrow For ODI Transactions : The extant Foreign Exchange Management Regulations, 2004 read with Master Direction – Direct …

India Spa Indian Capital Foreign Investment Payment Odi

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

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

4 years, 1 month ago

Traders' Body Accuses Amazon of Violating FDI Policy, Writes to Piyush Goyal; Company Denies Charges

News 18

Traders' body CAIT on Wednesday accused e-commerce major Amazon of violating FDI policy and Foreign Exchange Management Act norms, a charge which the multinational company denied. The traders' body in a letter to Commerce Minister Piyush Goyal alleged that the online retailer has not sought the government's approval for conducting multi-brand retail activities in India and demanded action and imposition …

India Retail Investment Amazon Goyal Traders Fdi

4 years, 3 months ago

Govt Permits Up to 74 per cent FDI Under Automatic Route in Defence Sector

News 18

The government has permitted foreign direct investment of up to 74 per cent under automatic route in the defence sector with a view to attracting overseas investors, according to a press note issued by the DPIIT on Thursday. As per the current FDI policy, 100 per cent overseas investments are permitted in the defence industry — 49 per cent under …

Defence Cent Fdi Defence Sector 49 Per Cent Government Approval

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Articles for Fdi, search results for fema

RBI, Sebi issue framework for reclassifying FPI investments as FDI

Amazon, Flipkart face FEMA violation probes; ED conducts pan-India raids

ED issues fresh look-out notice against Byju Raveendran

Byju’s brought more FDI to India than other startups, company in compliance with laws: CEO after ED raid

Senior Legal Consultant Vacancy At Department Of Promotion Of Industry And Internal Trade, New Delhi

Traders' body CAIT alleges FDI, GST norms violated by Metro Cash & Carry, German retailer refutes allegations

ED probed 17,000 cases under FEMA in 6 years

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue

Centre amends FEMA rules to allow 20% FDI in LIC

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

Escrows and Specific Capital Account Regulations – A Brief Study

ED Initiates Probe Against Amazon Under Foreign Exchange Management Act

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

Traders' Body Accuses Amazon of Violating FDI Policy, Writes to Piyush Goyal; Company Denies Charges

Govt Permits Up to 74 per cent FDI Under Automatic Route in Defence Sector