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Will continue to maintain adherence to all FEMA regulations, says BYJU'S

Days after the Adjudicating Authority of the Enforcement Directorate (ED) issued show-cause notice to edtech firm Think and Learn Private Limited, and Byju Raveendran over alleged violation to the tune of Rs 9,362.35 crore, the company on ...
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ED issues show cause notice to Byju Raveendran in FEMA violation case

The Adjudicating Authority of the Enforcement Directorate (ED) has issued show cause notices to edtech firm Think and Learn Private Limited, and Byju Raveendran over alleged violation to the tune of Rs 9362.35 crore under the Foreign Exchange Management Act (FEMA) 1999.
Byju Raveendran Authority Of The Enforcement Directorate Learn Private Foreign Exchange Management Act Adjudicating Authority Enforcement Directorate

Enforcement Directorate finds around Rs 9,000 crore FEMA violation by Byju's, issues show-cause notice

In April this year, ED had conducted searches and seizure at three premises in Karnataka’s Bengaluru in connection with a case lodged against Byju Raveendaran and his company ‘Think & Learn Private Limited’ under the provisions of the FEMA.
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