The case involves unauthorised foreign exchange transactions ...

Case involves unauthorized foreign exchange transactions u/s 3 of FEMA. Authorities took action against the same.

Circulars     FEMA

May 22, 2024

The case involves unauthorised foreign exchange transactions conducted in violation of regulations. The individual engaged in these transactions without proper authorization, contravening u/s of the relevant law. The regulatory authorities initiated proceedings u/s to address the unauthorized activities. The individual's actions were found to be in breach of u/r, leading to potential legal consequences. The case underscores the importance of compliance with foreign exchange regulations to avoid legal repercussions.

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