https://www.taxtmi.com/caselaws?id=236142 The court upheld the jurisdiction under Section 42 of the Foreign Exchange Management Act (FEMA) against the petitioner, ruling that the Board of Control for Cricket in India (BCCI) falls within the definition of "person" under FEMA. It found a breach of procedural fairness and natural justice in the adjudication process due to non-compliance with the Adjudication Rules. The petitioner's lack of involvement in operational matters of the IPL was recognized. The court directed the Special Director to provide reasons for proceeding against the petitioner and set aside the communication for personal hearing, emphasizing adherence to procedural rules and principles of natural justice. en-us Wed, 07 Aug 2013 00:00:00 +0530 Fri, 16 Aug 2013 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236142 The court upheld the jurisdiction under Section 42 of the Foreign Exchange Management Act (FEMA) against the petitioner, ruling that the Board of Control for Cricket in India (BCCI) falls within the definition of "person" under FEMA. It found a breach of procedural fairness and natural justice in the adjudication process due to non-compliance with the Adjudication Rules. The petitioner's lack of involvement in operational matters of the IPL was recognized. The court directed the Special Director to provide reasons for proceeding against the petitioner and set aside the communication for personal hearing, emphasizing adherence to procedural rules and principles of natural justice. Case-Laws FEMA Wed, 07 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236142