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Articles for Fdi, search results for violation

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
ED issues fresh look-out notice against Byju Raveendran
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
Govt examining foreign direct investment flow from China in Paytm Payments Services: Sources
10 months, 1 week ago

Govt examining foreign direct investment flow from China in Paytm Payments Services: Sources

India TV News  

Business news: The central government is examining foreign direct investment from China in Paytm Payments Services Ltd, the payment aggregator subsidiary of One97 Communications Ltd, sources said on Sunday. However, in November 2022, RBI rejected PPSL's application and asked the company to resubmit it, so as to comply with Press Note 3 under FDI rules. When contacted, a Paytm spokesperson …

India China Payment Company Rbi Paytm Fdi
Traders' body CAIT alleges FDI, GST norms violated by Metro Cash & Carry, German retailer refutes allegations
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
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
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
Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA
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
Centre Directs ED, RBI to Act Against Amazon and Flipkart for FDI, FEMA Violations
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
Traders' Body Accuses Amazon of Violating FDI Policy, Writes to Piyush Goyal; Company Denies Charges
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