NEW DELHI: The Enforcement Directorate (ED) has issued a show-cause notice to One97 Communications, the parent company of Paytm, over alleged violations of the Foreign Exchange Management Act (Fema) in transactions amounting to Rs 611 crore.The notice, dated Feb 27, cited alleged contraventions between 2015 and 2019 related to Paytm’s acquisition of two subsidiaries, Little…
MUMBAI: In an unusual move, a Sebi committee on Thursday rejected an offer for settlement of investigation proceedings against Zee Entertainment, its former chairman Subhash Chandra and former MD Punit Goenka. The panel has instead asked Sebi’s adjudicating officer to incorporate the new findings that the regulator had unearthed during its investigations in the matter…
NEW DELHI: The Directorate General of Civil Aviation (DGCA) on Monday issued a show cause notice to Akasa for alleged lapses in its operations manual and for the airline’s director (flight operations) “failing to ensure compliance of civil aviation requirements (CAR or DGCA rules.” This notice comes within a week of the regulator issuing a…
Kolkata, Days after issuing show-cause notices to 85 teachers on disciplinary grounds, IIT Kharagpur on Thursday said that attempts to disrupt normal academic activities by “a few people” will not be tolerated. The institute authorities had on November 12 sent show cause notices to four office bearers of IIT Teachers’ Association after they wrote to…