FEMA Violations - Not to be prosecuted as a civil in nature

Last updated: 03 September 2011

The Foreign ExchangeManagementAct, 1999 is a civil act in nature as such there is no provision for launching the prosecutions.During the last three years i.e. 2009-10,2010-11 and 2011-12 (uptoJuly 2011) , the Directorate ofEnforcement has issued 990 Show Cause Notices to various persons/firms u

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