Court Upholds Seizure Orders; Valid "Reason to Believe" Confirmed, Investigation to Proceed Without Court Intervention.

Key Changes in Foreign Exchange Rules: Control, Startup Definitions, Equity Transfers, and Investment Caps Updated.

Bank Cleared of Unauthorized Transfers Allegation; Plaintiffs Fail to Prove Claims or FERA Applicability.

Adjudication Under FEMA Section 16(1) Proceeds Despite Pending Appeal; Interim Seizure and Final Order Separate Processes.

Forfeiture Upheld Under SAFEMA: Legitimate Acquisition of Flat No. 604 Prevents Forfeiture; Other Claims Dismissed.

Appeal Dismissed: Court Rules TADA and SAFEMA Proceedings Separate; No Natural Justice Violation Found.

Court Validates Use of Tax Documents as Evidence in FERA Cases; Highlights Independence from Tax Proceedings.

Business trip with $50,000 in Cheques without permission led to FEMA violation. Appellant not liable, but Finance Manager aware. Penalties reduced.

Company directors' liability under FEMA depends on their role, not just title. Lack of evidence led to dismissal.

Non-residents can buy/sell Indian Sovereign Green Bonds in IFSC. Inward remittance for purchase & outward remittance of sale proceeds allowed.

Court orders release of funds to petitioners frozen by 1st respondent under FEMA. High Court grants Writ, mandates Bank to release Fixed Deposit amoun...