RBI Orders BPTP, Directors to Pay Rs 4.84 Crore to Settle FEMA Violations: ED
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RBI Orders BPTP, Directors to Pay Rs 4.84 Crore to Settle FEMA Violations: ED
Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) has ordered real estate developer BPTP Limited and two of its directors to pay a total of about Rs 4.84 crore to compound violations of foreign exchange rules linked to foreign investment received by the company, the Enforcement Directorate (ED) said in a post on Thursday. Business News | RBI Orders BPTP, Directors to Pay Rs 4.84 Crore to Settle FEMA Violati…
New Delhi, Oct 1 (IANS) The Reserve Bank of India (RBI) has issued a compounding order against real estate developer BPTP Ltd and its two directors Kabir Chawla and Sudhanshu Tripathi in a case related to foreign exchange law violations. The company has agreed to pay a total compounding amount of Rs 4.84 crore in the case related to foreign direct investment (FDI) transactions made in 2007 and 2008. The case emerged from an investigation by the …
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Social News XYZRBI issues compounding order for FEMA violations in case of BPTP Limited
Digital Desk | New Delhi, Oct 1 (IANS) The Reserve Bank of India (RBI) on Thursday said that it has compounded foreign exchange law violations by real estate developer BPTP Limited and two of its directors, Kabul Chawla and Sudhanshu Tripathi, after the company agreed to pay a total compounding amount of Rs 4.84 crore in connection with foreign direct investment (FDI) transactions dating back to 2007 and 2008. The case originated from investig…
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