Byju’s Faces Probe for ₹9,362 Crore FEMA Violations
The Enforcement Directorate (ED) has issued show cause notices to edtech giant Byju’s for alleged violations of the Foreign Exchange Management Act (FEMA) amounting to ₹9,362.35 crore. The company is accused of failing to realize proceeds of exports, delaying the filing of documents against foreign direct investment (FDI), failing to file documents against remittances, and […]
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