FEMA

ED seizure of Xiaomi India financial institution accounts: Karnataka HC asks Chinese language agency to method FEMA authority

[ad_1] The Karnataka Excessive Courtroom has requested Chinese language cellphone vendor Xiaomi Expertise India Ltd to method a reliable authority created underneath the International Change Administration Act (FEMA), 1999, over the seizure of Rs 5,500 crore in its financial institution accounts in India by the Directorate of Enforcement (ED) on April 29, 2022, for alleged …

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ED notices to CoinSwitch, CoinDCX; seeks data underneath FEMA

[ad_1] New Delhi, Jul 6 (IANS): A number of corporations, together with CoinSwitch and CoinDCX dealing in cryptocurrency have been requested by the Enforcement Directorate (ED) to submit some paperwork in reference to an ongoing case of the Overseas Change Administration Act (FEMA). The ED is making an attempt to establish whether or not …

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