Searches by the agency were conducted under the provisions of the Foreign Exchange Management Act
(FEMA) and were aimed at gathering additional evidence in Etihad Airways' investment in Jet Privilege Private Limited (JPPL).
New Delhi [India], Aug 30 (ANI): The Adjudication Authority has held a businessman from Jammu and Kashmir, Zahoor Ahmed Shah Watali guilty of violating provisions of Foreign Exchange Management Act
"There are three importance laws that you need to take into consideration -- income tax, Foreign Exchange Management Act
Enforcement Directorate is conducting investigation in 581 cases under Foreign Exchange Management Act
, 1999 (FEMA) for alleged violation of FDI norms.
The CCB charged Reddy with shielding a man and his son, both accused in the Rs 954-crore Ponzi scheme, from being investigated by the Enforcement Directorate (ED) for alleged money laundering in violation of the Foreign Exchange Management Act
Since you are returning to India for good, you will be treated as a resident of India under the Foreign Exchange Management Act
. Therefore, remittances can be made for maintenance of close relatives.
New Delhi: IndiGo Airlines said Enforcement Directorate had not summoned its top management for Foreign Exchange Management Act
They said the Enforcement Directorate has now received their replies to the notices issued under the Foreign Exchange Management Act
In the month of April, ED alone has already conducted raids in 300 companies at 110 premises across 16 states in India under the Prevention of Money Laundering Act ( PMLA) and the Foreign Exchange Management Act
( FEMA) to investigate instances of money laundering and illegal foreign exchange transactions.
The ED recorded Goel's statement over two days, said the report, in a probe that was conducted under the Foreign Exchange Management Act
The top Indian actor is suspected to have violated India's FEMA (Foreign Exchange Management Act
, media reports said quoting ED officials.
The relaxation in FDI norms is actually only for investments made under Schedule 4 of Foreign Exchange Management Act
(FEMA), which lays down the specific details for investments in shares and convertible debentures by NRIs on a non-repatriable basis (the investment cannot be encashed and taken to a foreign country).