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Why Did ED File a FEMA Case Against Myntra?

Why Did ED File a FEMA Case Against Myntra?

FEMA Case Against Myntra: The Enforcement Directorate (ED) said Wednesday that it has filed a complaint against Myntra Designs Private Limited (Myntra), its affiliated companies, and its directors under the Foreign Exchange Management Act (FEMA), 1999, alleging FDI violations totaling Rs 1,654.35 crore. The Enforcement Directorate’s Bengaluru Zonal Office acted on reliable information that Myntra […]

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