Saturday, February 5, 2022

Government says has received complaints against online firms alleging FDI policy violation

Any violation of FDI regulations are covered by the penal provisions of the FEMA (Foreign Exchange Management Act). The Reserve Bank of India (RBI) administers the FEMA, while the Directorate of Enforcement (ED) under the Ministry of Finance is the authority for the enforcement of the Act.

from Gadgets Now https://ift.tt/xUcol7A
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