Paytm Gets Probe Agency Notice Over Foreign Exchange Rule Violation by Units

FEMA show cause notice of Rs 611 crore issued to Paytm's parent company One97 Communication Ltd, its MD and others: ED.

FEMA show cause notice of Rs 611 crore issued to Paytm's parent company One97 Communication Ltd, its MD and others: ED. FEMA show cause notice of Rs 611 crore issued to Paytm's parent company One97 Communication Ltd, its MD and others: ED.

Paytm gets ED notice for FEMA violations in acquisition of 2 firms

New Delhi: The Enforcement Directorate has sent a notice to Paytm-owner One97 Communications for alleged violation of certain FEMA rules by the company and its two subsidiaries- Little Internet and Nearbuy, with respect to certain investment transactions, according to an exchange filing. Paytm clarified that the alleged breach pertains to the period when the two companies were not its subsidiaries. “We hereby inform you that a show cause notice……

Paytm Gets Probe Agency Notice Over Foreign Exchange Rule Violation by Units

The Enforcement Directorate has sent a notice to Paytm-owner One97 Communications for alleged violation of certain FEMA rules by the company and its two subsidiaries- Little Internet and Nearbuy, with respect to certain investment transactions, according to an exchange filing. Paytm clarified that the alleged breach pertains to the period when the two companies were not its subsidiaries. "We hereby inform you that a show cause notice...has been …

Paytm clarifies FEMA allegations on acquired subsidiaries. Details here

The company is seeking legal advice and will take necessary steps to resolve the matter through appropriate regulatory processes in line with applicable laws.

Paytm shares plunge over 3 pc after ED issues notice over FEMA violations

New Delhi, March 4 (SocialNews.XYZ) Shares of Paytm’s parent company, One97 Communications Limited, fell over 3 per cent in early trading on Tuesday after the Enforcement Directorate (ED) issued a notice against the firm. The stock dropped as much as 3.26 per cent to Rs 702 per share during intra-day trade. The ED announced on Monday that it had sent a notice to One97 Communications, its managing director Vijay Shekhar Sharma, and other associat…

Vinod Kumar G Joins Paytm Money as Chief Information Security Officer

Vinod Kumar G. has been appointed as Chief Information Security Officer (CISO) at Paytm Money. In this role, he will oversee the company’s cybersecurity operations, threat management, and regulatory compliance,…