Foreign Exchange Management Act

ED Allows Flipkart to Settle FEMA Violation Case by Paying Penalty

According to various media reports, the Enforcement Directorate (ED) has offered to close a FEMA violation case against the Walmart group company Flipkart, provided it acknowledges its error and pays a fine. Flipkart was granted the option last week by the Enforcement Directorate in accordance with the Foreign Exchange Management

The Supreme Court Has Temporarily Halted the Appeals Tribunal’s Decision Over the BYJU'S-BCCI Settlement

On Wednesday, the Supreme Court issued a stay of the NCLAT ruling that had set aside the insolvency proceedings against the ed-tech major. This effectively enabled Byju Raveendran, the owner of the company, to regain control of the business. The ruling of the NCLAT that approved the settlement of Byju&