ED Clears Path for 'Ease of Doing Business' with FEMA Case Compounding ...Middle East

In a significant step towards enhancing 'ease of doing business', the Enforcement Directorate (ED) has approved a compounding order from the Reserve Bank of India (RBI) in a FEMA violation case against Nearbuy India Private Limited. This decision allows the company to resolve the matter by paying a Rs 4.28 lakh penalty, rather than facing prosecution.

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