To avoid legal battles, ED settles 150 Fema cases with RBI nod | India News
NEW DELHI: Faced with a pile of cases under the Foreign Exchange Management Act (Fema) and eager to avoid prolonged legal battles, the Enforcement Directorate is settling for large-scale compounding of offences and termination of adjudication proceedings after obtaining the Reserve Bank of India‘s approval.In the last 15 months, more than 150 Fema cases have … Read more