Foreign Exchange Management Act

Countering FPI outflows: RBI looks to double investment limit for foreign individuals, says report – The Times of India

David Bale4 weeks ago05 mins

India intends to extend privileges previously exclusive to overseas Indians to all foreign investors. (AI image) The Reserve Bank of India (RBI) plans to raise the investment limit for individual foreign investors in listed companies to 10% from 5%, aiming to enhance capital inflows, according to senior government officials and documents seen by Reuters.Foreign portfolio…

ED notice to Paytm parent over Rs 611 crore Fema violation – The Times of India

David Bale2 months ago02 mins

NEW DELHI: The Enforcement Directorate (ED) has issued a show-cause notice to One97 Communications, the parent company of Paytm, over alleged violations of the Foreign Exchange Management Act (Fema) in transactions amounting to Rs 611 crore.The notice, dated Feb 27, cited alleged contraventions between 2015 and 2019 related to Paytm’s acquisition of two subsidiaries, Little…