9911796707
TMI Blog2018 (4) TMI 1110X X X X Extracts X X X X X X X X Extracts X X X X ..... erest and that the Bangalore Zonal office of the answering respondent had initiated enquiries against ten (10) e-commerce entities and in 5 out of these 10 of those enquiries, investigations are reported to be underway. Charge-sheets have been prepared in 4 out of 5 cases in which investigation has been completed and the same are pending consideration. Besides that, enquiries were also initiated a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion was filed on 28th November, 2015 complaining of violations of the provisions of Foreign Exchange Management Act, 1999 (FEMA) and the FDI Policies framed by the Department of Industrial Policy and Promotion (DIPP) (respondent no.2 herein) seeking the following prayers : 1. Conduct an inquiry/investigation into the affairs and transactions of all FDI recipient companies/websites regarding ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of India has clarified the FDI Policy. In the counter affidavit which has been filed by the respondent no.2 (at page 454), it is stated that the Government of India has since put in place a strong and latest policy framework on foreign investments which have been arrived at after detailed consideration with all stakeholders; that a review of the FDI Policy is an on-going process and significant c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the authority for the enforcement of FEMA. True copy of the FDI policy is annexed and marked as ANNEXURE A-1. 3. The counter affidavit filed on record would show that for violation of the declared FDI Policy, the Enforcement Directorate has taken action against the violators. The Enforcement Directorate has also filed a counter affidavit (page 662) pointing out that it is inquiring into e-co ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
