Paytm Gets ED Notice Over FEMA Violations in Subsidiary Deals
02 Mar 2025
The Enforcement Directorate (ED) has issued a show-cause notice to Paytm-owner One97 Communications Ltd. (OCL) over alleged violations of the Foreign Exchange Management Act (FEMA) between 2015 and 2019. The notice pertains to financial transactions linked to Little Internet Private Limited (LIPL) and Nearbuy India Private Limited (NIPL) before they...
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