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According to sources, the notice under various sections of the Foreign Exchange Management Act (FEMA) was issued to a total of 10 noticees last month that includes Flipkart, its founders Sachin Bansal and Binny Bansal among others.
ED Slaps Rs 10,600-Crore FEMA Contravention Notice Against Flipkart
They said the notice under various sections of the Foreign Exchange Management Act (FEMA) was issued to 10 people last month that includes Flipkart, its founders Sachin Bansal and Binny Bansal, among others.
PTI 05 August 2021, Last Updated at 12:11 pm PTI 2021-08-05T12:09:52+05:30 ED Slaps Rs 10,600-Crore FEMA Contravention Notice Against Flipkart outlookindia.com 2021-08-05T12:11:37+05:30
The Enforcement Directorate (ED) has issued a show cause notice of about Rs 10,600 crore to e-commerce major Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday.
They said the notice under various sections of the Foreign Exchange Management Act (FEMA) was issued to 10 people last month that includes Flipkart, its founders Sachin Bansal and Binny Bansal, among others.