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Amazon, Flipkart face FEMA violation probes; ED conducts pan-India raids
Trending News
1 month, 2 weeks ago

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
Not against e-commerce, seeking fair play and integrity in their operations, says Piyush Goyal
4 months ago

Not against e-commerce, seeking fair play and integrity in their operations, says Piyush Goyal

The Hindu  

A day after Commerce and Industry Minister Piyush Goyal’s sharp critique of e-commerce platforms like Amazon, red-flagging predatory pricing policies and possible violations of the Foreign Direct Investment norms, he stressed that he was not against e-commerce per se but wanted players to ensure fair play and honesty in their business practices. Speaking to students at Mumbai’s Atharva College, the …

Commerce Online Fair Play Fair Goyal Fdi
Byju's ED Raid: CEO Byju Raveendran Says Company In Compliance, Brought More FDI Than Any Other Startup
1 year, 7 months ago

Byju's ED Raid: CEO Byju Raveendran Says Company In Compliance, Brought More FDI Than Any Other Startup

News 18  

After financial crime-fighting agency ED searched Byju’s premises, the education platform’s CEO Byju Raveendran 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
Byju’s brought more FDI to India than other startups, company in compliance with laws: CEO after ED raid
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
Senior Legal Consultant Vacancy At Department Of Promotion Of Industry And Internal Trade, New Delhi
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
ED attaches ₹1.54 crore in bank accounts of trust linked to Amnesty India
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
Foreign Direct Investment In India: Law And Procedure
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
ED probed 17,000 cases under FEMA in 6 years
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
India’s Data Protection Laws Will be Critical in Attracting FDI and Pushing Digital Exports
2 years, 8 months ago

India’s Data Protection Laws Will be Critical in Attracting FDI and Pushing Digital Exports

News 18  

At the cost of repeating a cliche, technology and data-driven innovations are at the centre of economic activity in what is now a digitally led era. And, with India negotiating trade agreements with several countries, including the UK, it will be important that the Personal Data Protection Bill strikes the right balance between localising data and enabling cross-border data flows. …

India Trade Protection Data Countries Fta Data Flows
中国对外国投资者吸引力进一步增强
2 years, 9 months ago

中国对外国投资者吸引力进一步增强

China Daily  

商务部数据显示，今年前2个月，全国吸引外资2437亿元人民币，同比增长37.9%。我国利用外资结构持续优化。分析人士指出，长期的发展前景和持续改善的商业环境使得中国对外国投资者的吸引力越来越大。 A teller counts and arranges dollar notes at a bank in Huaibei, Anhui province. 商务部国际贸易经济合作研究院国际市场研究所副所长白明表示：“在新冠疫情和其他全球不确定因素的影响下，中国经济实现了稳定持续增长，中国政府采取的各种政策措施为企业创造了更好的发展环境，中国的营商环境不断改善。” "That makes China a perfect destination for foreign investments that seek not only profitability, but also safety," Bai said, adding that the recent local COVID-19 cases will not threaten China's stable economic growth and growing attractiveness to foreign investors. 白明称：“因此，中国成为那些不仅寻求利润，而且寻求安全的外国投资的完美目的地。最近出现的本土疫情不会威胁到中国稳定的经济增长和对外国投资者越来越大的吸引力。” Zhou Mi, a senior …

China Investment Economic Growth Foreign Investors Foreign Investment Chinese Foreign
中国对外国投资者吸引力进一步增强
2 years, 9 months ago

中国对外国投资者吸引力进一步增强

China Daily  

商务部数据显示，今年前2个月，全国吸引外资2437亿元人民币，同比增长37.9%。我国利用外资结构持续优化。分析人士指出，长期的发展前景和持续改善的商业环境使得中国对外国投资者的吸引力越来越大。 A teller counts and arranges dollar notes at a bank in Huaibei, Anhui province. 商务部国际贸易经济合作研究院国际市场研究所副所长白明表示：“在新冠疫情和其他全球不确定因素的影响下，中国经济实现了稳定持续增长，中国政府采取的各种政策措施为企业创造了更好的发展环境，中国的营商环境不断改善。” "That makes China a perfect destination for foreign investments that seek not only profitability, but also safety," Bai said, adding that the recent local COVID-19 cases will not threaten China's stable economic growth and growing attractiveness to foreign investors. 白明称：“因此，中国成为那些不仅寻求利润，而且寻求安全的外国投资的完美目的地。最近出现的本土疫情不会威胁到中国稳定的经济增长和对外国投资者越来越大的吸引力。” Zhou Mi, a senior …

Growth China Investment Foreign Investors Economic Foreign Investment Chinese
In Compliance with Indian Laws, Will Cooperate with Enforcement Directorate on Notice: Flipkart
3 years, 4 months ago

In Compliance with Indian Laws, Will Cooperate with Enforcement Directorate on Notice: Flipkart

News 18  

Walmart-owned Flipkart on Thursday said the company is in compliance with Indian laws, including FDI regulations, and will cooperate with the Enforcement Directorate on the notice sent to the e-commerce major. The Enforcement Directorate has issued a show cause notice of Rs 10,600 crore to Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said …

Indian Laws Walmart Enforcement Directorate Fdi Laws Including Notice Flipkart Indian Laws Including
Forex violation case: ED slaps Rs 10,600-cr FEMA contravention notice against Flipkart, its founders
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
E-commerce Rules Amendments: Adding Or Stripping Away The Competition Jurisdiction?
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
Impact Of COVID-19 On FDI Regimes: One Year Later
3 years, 6 months ago

Impact Of COVID-19 On FDI Regimes: One Year Later

Live Law  

More than a year ago, we summarized certain changes in foreign direct investment regimes in response to the COVID-19 pandemic in countries other than India. In late-April 2020, the Indian Government issued an amendment to the Indian FDI policy to " opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic", pursuant to which: all investments by entities incorporated …

India China Pandemic Indian Investments Amendment Chinese
每日新闻播报（May 28）
3 years, 6 months ago

每日新闻播报（May 28）

China Daily  

A girl answers a question in class at the school. >China to relieve minors of excessive study burden 新未保法规制'鸡娃'式教育 An official with the Legislative Affairs Commission of the Standing Committee of the National People's Congress, China's top legislature, said on Wednesday that he disagrees with parents who force their children to take extra after-school training courses. 新修订的未成年人保护法于2020年10月通过，今年6月1日正式实施。 >Report warns of …

China Chinese Fdi
Bill to Hike FDI in Insurance Sector to 74% Passed in Rajya Sabha Amid Opposition Uproar
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
ED Initiates Probe Against Amazon Under Foreign Exchange Management Act
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
Delhi High Court Issues Notice To Future Retail, Reliance in Amazon Appeal Against December Order
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
Amazon Vs Future Retails- Delhi High Court Rejects Future Retails's Plea For Interim Injunction Against Amazon-Read Order
4 years ago

Amazon Vs Future Retails- Delhi High Court Rejects Future Retails's Plea For Interim Injunction Against Amazon-Read Order

Live Law  

Future Retail Ltd suffered a set back on Monday as the Delhi High Court refused to allow its plea for interim injunction to restrain Amazon Inc from writing to Indian statutory authorities objecting to FRL's proposed asset sale to Reliance group.A single bench of Justice Mukta Gupta refused to grant any interim reliefs on FRL's plea it to direct Amazon …

India Singapore Retail High Court Future Emergency Amazon
Delhi HC Reserves Order On Maintainability Of Future Group's Plea Seeking Injunction On Amazon's Interference In Deal With Reliance Retail
4 years, 1 month ago

Delhi HC Reserves Order On Maintainability Of Future Group's Plea Seeking Injunction On Amazon's Interference In Deal With Reliance Retail

Live Law  

The Delhi High Court has reserved order on the maintainability of a plea by Kishore Biyani-led Future Retail Ltd seeking an ad-interim injunction against Amazon Inc for sending letters to various regulatory authorities writing about an injunction award by an Emergency Arbitrator against Future Retail Ltd's acquisition by Reliance Industries Ltd's entities for about Rs. The case relates to a …

Law India Delhi Emergency Amazon Indian Reliance