https://www.taxtmi.com/news?id=35897 A federal investigatory agency issued a pre adjudication show cause notice alleging violations of the Foreign Exchange Management Act by a corporate parent, its managing director and two linked subsidiaries for failing to report creation of an overseas step down subsidiary to the central banking regulator, accepting FDI without complying with prescribed pricing guidelines, and delaying statutory FDI reporting; the company contends the investments predate its acquisition of the subsidiaries. en-us Mon, 03 Mar 2025 16:46:03 +0530 Mon, 03 Mar 2025 16:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35897 A federal investigatory agency issued a pre adjudication show cause notice alleging violations of the Foreign Exchange Management Act by a corporate parent, its managing director and two linked subsidiaries for failing to report creation of an overseas step down subsidiary to the central banking regulator, accepting FDI without complying with prescribed pricing guidelines, and delaying statutory FDI reporting; the company contends the investments predate its acquisition of the subsidiaries. News - Mon, 03 Mar 2025 16:46:03 +0530 https://www.taxtmi.com/news?id=35897