https://www.taxtmi.com/caselaws?id=72930 Section 27(1) of FERA was construed in light of the Act's object and regulatory scheme, and the phrase "whether as promoter or otherwise" was read narrowly by applying ejusdem generis, with "promoter" colouring the associated words. On the facts, mere permission to use trade marks, technical assistance and foreign advertising, without any financial stake, profit sharing or participation in the foreign bottling concerns, did not amount to association with or participation in a foreign concern. The material before the Magistrate was therefore insufficient for prosecution, and refusal of discharge was held erroneous. en-us Fri, 14 Nov 1986 00:00:00 +0530 Wed, 25 May 2011 18:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72930 Section 27(1) of FERA was construed in light of the Act's object and regulatory scheme, and the phrase "whether as promoter or otherwise" was read narrowly by applying ejusdem generis, with "promoter" colouring the associated words. On the facts, mere permission to use trade marks, technical assistance and foreign advertising, without any financial stake, profit sharing or participation in the foreign bottling concerns, did not amount to association with or participation in a foreign concern. The material before the Magistrate was therefore insufficient for prosecution, and refusal of discharge was held erroneous. Case-Laws FEMA Fri, 14 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72930