https://www.taxtmi.com/highlights?id=96046 Seized demat accounts attached under powers to secure an alleged contravention of foreign exchange law were permitted to be substituted by a fixed deposit of equivalent value as an alternative security. The reasoning treats substitution as an equitable means of securing the claimed amount while preserving the authoritys final adjudicatory rights; the fixed deposit is held subject to lien and remains available to satisfy any adjudication. The substitution also permits pursuit of compounding procedures with the monetary authority, with outcomes to affect the ultimate entitlement to the secured funds. en-us Thu, 15 Jan 2026 11:30:05 +0530 Thu, 15 Jan 2026 11:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96046 Seized demat accounts attached under powers to secure an alleged contravention of foreign exchange law were permitted to be substituted by a fixed deposit of equivalent value as an alternative security. The reasoning treats substitution as an equitable means of securing the claimed amount while preserving the authoritys final adjudicatory rights; the fixed deposit is held subject to lien and remains available to satisfy any adjudication. The substitution also permits pursuit of compounding procedures with the monetary authority, with outcomes to affect the ultimate entitlement to the secured funds. Highlights FEMA Thu, 15 Jan 2026 11:30:05 +0530 https://www.taxtmi.com/highlights?id=96046