FEMA News

Amnesty India FEMA probe case: Enforcement Directorate conducts searches in Bengaluru

Amnesty India FEMA probe case: Enforcement Directorate conducts searches in Bengaluru

The searches, officials said, were launched late noon under the Foreign Exchange Management Act (FEMA) at the two locations of the NGO in the Karnataka capital and the sleuths of the central probe agency are looking for documents and other evidences.

Fema probe against Amazon, Flipkart: ED

Fema probe against Amazon, Flipkart: ED

The Enforcement Directorate has told Delhi High Court it has started investigations into whether e-commerce giants Amazon and Flipkart had violated the Foreign Exchange Management Act by creating a maze of front companies to circumvent foreign direct ...

No tax on NRE FD interest if account holder is a resident outside India

No tax on NRE FD interest if account holder is a resident outside India

As per Section 10(4)(ii), interest income earned on NRE account is exempt from tax if account holder is treated as a person resident outside India under Foreign Exchange Management Act (FEMA). Thus, taxability of interest earned on NRE FD account would ...

ED Begins Probe Into Alleged FDI Violation by Amazon, Flipkart

ED Begins Probe Into Alleged FDI Violation by Amazon, Flipkart

The Enforcement Directorate (ED) has initiated investigations into foreign currency transactions by two e-commerce majors, Flipkart and Amazon, under the Foreign Exchange Management Act (FEMA). The two companies, along with the respondent (the Union of ...

Million-dollar crypto Ponzi scheme in India busted

Million-dollar crypto Ponzi scheme in India busted

... FEMA [Foreign Exchange Management Act] violations like forex trading… the opening of accounts abroad by a resident Indian without the permission of RBI, incorporation of a firm in Dubai without prior approval of Reserve Bank of India or Government ...

Remarks by President Trump at Diwali Ceremonial Lighting of the Diya

Remarks by President Trump at Diwali Ceremonial Lighting of the Diya

I want to thank the firefighters and FEMA and first responders for their incredible courage in the face of very grave danger. ... I'd especially like to welcome Ambassador Sarna, India's Ambassador to the United States, along with his wife, Dr. Avina ...

BJP's Bellary Reddy now on ED radar for alleged money laundering

BJP's Bellary Reddy now on ED radar for alleged money laundering

The Enforcement Directorate (ED) has asked Bengaluru police for details of a case related to an alleged ponzi scheme in which former Karnataka minister and BJP leader Gali Janardhana Reddy, the mining baron from Ballari, is one of the accused. The ED ...and more »

NRIs and directorship in Indian firms

NRIs and directorship in Indian firms

According to applicable Indian legislation ie. the Companies Act 2013, the Foreign Exchange Management Act, 1999 (Fema), the Securities and Exchange Board of India Act, 1992 (Sebi Act), there are no restrictions for a foreign national or non-resident ...

In the name of Islamic banking, halal investment, Ambidant ...

In the name of Islamic banking, halal investment, Ambidant ...

Enforcement Directorate has discovered that Banglore based Ambidant Marketing Pvt Ltd, involved in Islamic banking and halal investment, is allegedly running ...

ED issues show-cause notice to NDTV for FEMA violation

ED issues show-cause notice to NDTV for FEMA violation

THe ED also issued notice to Harpreet Singh Duggal of NGEN Media Services Pvt. Ltd, Anshuman Misra of Turner General Entertainment Networks India Pvt Ltd, Sameer Chandran Nair, who was earlier Director in NDTV Imagine Pictures Ltd and Alliance ...