foreign exchange management act

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    Mundlur Case: RBI Orders Compounding of FEMA Violation

    New Delhi, April 2 The Reserve Bank of India (RBI) issued an order on February 20 this year under Section 15 of the Foreign Exchange Management Act (FEMA), 1999, in the case involving Rs 4.1 crore against Vikram Mundlur, which has resulted in the termination of adjudication proceedings against...
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    RBI Approves SBI Mutual Fund’s 9.99% Stake Acquisition in Bandhan Bank

    Kolkata, February 26: The Reserve Bank of India has approved a proposal by SBI Mutual Fund to acquire an aggregate holding of up to 9.99 per cent in Bandhan Bank, according to a regulatory filing made on Thursday.Bandhan Bank informed the stock exchanges that the central bank, through a...
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    Skyways Air Services Investigates Allegations of Fraud Amid IPO Preparations

    New Delhi, February 14 – Skyways Air Services Ltd, a Delhi-based air freight forwarding and logistics company that is preparing for an IPO, is facing an FIR (First Information Report) filed by PG Paper Company Limited, a UK-based company, with the Delhi wing of the Economic Offences Wing (EOW)...
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