Tuesday, March 28, 2023

FEMA

RBI issues ‘Alert List’ on entities not authorised to deal in forex trading

The Reserve Bank on Wednesday came out with an ‘Alert List’ containing the names of 34 entities, including OctaFX, Alpari, HotForex, and Olymp Trade, that are not authorised to deal in forex and operate electronic trading platforms in the...

ED issues over Rs 61 cr FEMA penalty notice against Patel

The Enforcement Directorate (ED) Friday said it has slapped a total penalty amount of more than Rs 61 crore against Amnesty India and its former head Aakar Patel for contravening the Indian foreign exchange law.The federal probe agency show...

ED notices to CoinSwitch, CoinDCX; seeks info under FEMA

 A few firms, including CoinSwitch and CoinDCX dealing in cryptocurrency have been asked by the Enforcement Directorate (ED) to submit some documents in connection with an ongoing case of the Foreign Exchange Management Act (FEMA). The ED is trying to...

ED seizes Rs 5,551 cr deposits of Chinese smartphone giant Xiaomi

The Enforcement Directorate Saturday “seized” over Rs 5,551-crore worth fund of Chinese mobile manufacturing company Xiaomi for violating the Indian foreign exchange law, officials said.In a press release after the ED’s statement, Xiaomi Technology India Private Limited said its...