The Enforcement Directorate has issued show-cause notices under Foreign Exchange Management Act to Xiaomi Technology India Private Limited, the two executives, CITI Bank, HSBC Bank, and Deutsche Bank AG
The central government, in consultation with the RBI, has notified an amendment of rules under the FEMA, making ‘20% TCS’ a trending topic
The donor has to pay the applicable stamp duty on the property that is to be transferred to the recipient as gift. Non-resident status is determined differently under FEMA and Income-tax Act. Gift received from grandfather...
Citing suspicions over the diverted funds from Mauritius-based firms, the Enforcement Directorate (ED) launched an investigation under FEMA against Anand Jain and other related entities.
The federal probe agency has also called for documents and the recording of statements of some company executives under provisions of the Foreign Exchange Management Act (FEMA), they said.
The National Payments Corporation of India (NPCI) has permitted the transfer of funds between NRE accounts and other permissible accounts endorsed under FEMA regulations.
The new 20% TCS on international credit card spending comes as these spends have also been proposed under the ambit of LRS. Here are all your FAQs answered on TCS based on Finance Ministry's clarifications
In these cases, following the due process of adjudication, penalties of more than Rs 2,600 crore have been imposed under the FEMA
Xiaomi Technology India Pvt Ltd filed the petition on October 3, challenging a September 29 order of the Competent Authority appointed under the Foreign...
A plea filed by Xiaomi against the ED's seizure of Rs 5,551 crore from its bank accounts, allegedly in violation of FEMA rules, has been reserved by the...
The ED, under the Foreign Exchange Management Act (FEMA), has approved an order of seizure of over Rs 5,551 crore worth of deposits of Chinese mobile phone...
ED is conducting search investigations in five locations related to Indian cryptocurrency exchange CoinSwitch Kuber for possible FEMA Act violation, say...
WazirX is being investigated by the Enforcement Directorate under FEMA laws and is in the middle of a spat with Binance over its ownership.
Investors’ crypto assets are held in custodial wallets owned by Binance, while INR assets are with WazirX.
Binance cuts ties with WazirX, says it doesn't own shares in the Indian crypto exchange.
WazirX is in deep trouble after Enforcement Directorate (ED) froze Rs 64.67 crore in bank balances and raided premises for alleged violation of the FEMA Act
The Directorate of Enforcement (ED) has asked cryptocurrency companies for more information and documents as part of its ongoing investigation into any...
Justice S G Pandit extended the stay till June 1, with the hearing of the case posted to that day.
The action has been taken against Xiaomi Technology India Private Limited. The company (also called Xiaomi India) is a trader and distributor of mobile phones...
The LIC public issue is expected to be the biggest IPO in the history of the Indian stock market. Once listed, LIC's market valuation will be comparable to top...
It said the searches were conducted under the provisions of the Foreign Exchange Management Act (FEMA) and that eight premises of these traders in the West...
The case, they said, pertains to transactions of about Rs 1.5 crore deposited in a bank account. She has been summoned earlier too but she could not depose,...
