HomeAI · summaries
Storia in 3 fonti
RBI clears Myntra's FEMA violations after penalty payment; ED closes investigation
The Reserve Bank of India has closed an Enforcement Directorate investigation into Myntra Designs Private Limited. This action follows the RBI compounding certain Foreign Exchange Management Act violations. The company faced allegations of delays in submitting overseas investment reports and undertaking commitments before compliance. The RBI imposed a one-time monetary penalty, resolving the matter and concluding the probe.
Confronto fonti
3 prospettive sulla stessa storiaTimeline cronologica
- ·
economictimes.indiatimes.com
RBI clears Myntra's FEMA violations after penalty payment; ED closes investigation
The Reserve Bank of India has closed an Enforcement Directorate investigation into Myntra Designs Private Limited. This action follows the RBI compounding certain Foreign Exchange…
- ·
thehindu.com
RBI issues compounding order for FEMA violations in Myntra Designs case
RBI composes a ₹2.88 lakh compounding order for Myntra Designs over FEMA violations, following ED's no objection.
- ·
thehindubusinessline.com
ED drops FEMA probe against Myntra after ₹2.88 lakh settlement
ED closes FEMA investigation against Myntra after a ₹2.88 lakh settlement, ending probe into foreign exchange violations.
- ·
FEMA case against Myntra closed following compounding: ED
Myntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no objection, allowing the e-commerce…