ED begins scrutiny of Walmart replies

Last Updated: Tuesday, January 29, 2013, 18:34

The company has recently sent a detailed reply to the agency as part of communication to notices sent to it earlier under the Foreign Exchange Management Act (FEMA), official sources said.the

Personal appearance for FEMA related cases optional: RBI

Last Updated: Friday, January 18, 2013, 22:20

The Reserve Bank Friday said personal appearance before the compounding authority in FEMA cases is not mandatory and has no bearing on the penalty imposed.

BJP seeks explanation for amendments in FEMA

Last Updated: Thursday, December 6, 2012, 21:22

Opposition BJP on Thursday sought explanation from the government for making amendments in the Foreign Exchange Management Act (FEMA) to allow FDI in multi-brand retail retrospective.

Walmart under ED lens for alleged FEMA violation: FinMin

Last Updated: Thursday, December 6, 2012, 16:48

The government on Thursday said the Enforcement Directorate is probing alleged violation of FDI regulations by cash and carry chain Walmart.

Speaker rejects BJP, Left demand for separate debate on FEMA

Last Updated: Tuesday, December 4, 2012, 17:03

Opposition BJP and Left parties demanded separate debates with voting on FDI in retail and related amendments in Foreign Exchange Management Act.

BJP is against rushing through FEMA notification in Parl

Last Updated: Tuesday, December 4, 2012, 13:31

BJP on Tuesday said it is against rushing through FDI-related FEMA notification in Parliament along with the main debate on the issue.

Left parties to seek another vote : Karat

Last Updated: Saturday, December 1, 2012, 17:28

The convention was a jointly hosted by CPI-M, CPI, CPI-ML and Forward Block strongly opposed to allowing 51 per cent share in FDI in multi-brand retail.

ED issued 220 FEMA notices in three years: Govt

Last Updated: Friday, November 30, 2012, 15:20

The Enforcement Directorate has issued 220 notices for violation of forex laws in the last three years.

ED issued 33 FEMA notices in last six months: Govt

Last Updated: Thursday, August 30, 2012, 17:13

The Enforcement Directorate has issued show cause notices to 33 firms for contravention of Foreign Exchange Management Act (FEMA) in the last six months.

ED summons Vodafone's Analjit Singh in FEMA case

Last Updated: Wednesday, August 29, 2012, 21:16

Vodafone non-executive Chairman Analjit Singh has been summoned by the Enforcement Directorate with regard to an alleged foreign exchange violations case being probed by it against the telecom major.

ED notice to Uninor on FEMA violation

Last Updated: Tuesday, July 24, 2012, 18:41

ED on July 5 wrote to Uninor saying the company had not replied to its earlier show cause notice on alleged FEMA violations and asked the company to file its replies within two weeks, sources privy to the development said.

ED imposed Rs 922.35 cr as penalty in 858 FEMA violation cases

Last Updated: Friday, May 18, 2012, 22:53

The Directorate of Enforcement (ED) imposed penalty of Rs 922.35 crore in 858 cases of violation of Foreign Exchange Management Act (FEMA) in the last three years, Finance Minister Pranab Mukherjee said in Lok Sabha on Friday.