<h1>Paytm's Parent Company Faces Rs 611 Crore FEMA Notice for Foreign Investment Violations; Shares Drop 4%</h1> The Enforcement Directorate issued a Rs 611 crore notice to the parent company of Paytm, its managing director, and related entities for violating the Foreign Exchange Management Act (FEMA). The notice follows an investigation revealing that the company did not comply with RBI guidelines on foreign investments and reporting. Paytm's subsidiaries, Little Internet Pvt Ltd and Nearbuy India Pvt Ltd, also failed to follow RBI's pricing and reporting guidelines for foreign direct investments. Paytm stated the alleged violations occurred before acquiring the subsidiaries in 2017 and is working to resolve the issue. The company's shares dropped over 4% after the announcement.