contrary to the provisions of the
Foreign Exchange Management (Guarantees) Regulation, 2000 (FEMA) and in
particular Regulations 3 and 5, which read thus :-
"Regulation ... itself was contrary to
and prohibited under the provisions of the said FEMA Regulations, the impugned
award is in conflict with the public policy
communication is issued from the foreign exchange angle
under the provisions of FEMA and should not be construed to convey the
::: Downloaded ... said approval is issued in
the context of the provisions of FEMA and there is no formal approval
granted by the Reserve Bank of India
cross examine the witnesses whose
statements were recorded under Section 37 of FEMA and
whose statements have been relied upon in the complaint;
(b) issue ... Foreign Exchange Management Act, 1999 (hereinafter referred
to as "the FEMA"). The first respondent entertained a complaint
by the second respondent dated 16th
Section 3(C) of the Foreign Exchange
Management Act, 1999 ("the FEMA"). Upon adjudication, a penalty
was imposed on the Appellant under Section ... appropriate High
Court within the meaning of Explanation to Section 35 of
FEMA and if such an appeal is filed within a period of
thirty
with Section
13(1) of the Foreign Exchange Management Act, 1999 ('FEMA' for
short).
2) The condonation of delay is sought ... Section 54 of the FERA read with Section 49(5)(c) of
FEMA, the High Court is empowered to condone the delay for any period
BOMBAY
CIVIL APPELLATE JURISDICTION
INTERIM APPLICATION NO. 3620 OF 2019
IN
FEMA APPEAL (LODG.) NO. 30668 OF 2019
The Special Director,
Enforcement Directorate, Mumbai ... Applicant ... Navin Agarwal ... Respondent
ALONG WITH
INTERIM APPLICATION NO. 3672 OF 2019
IN
FEMA APPEAL (LODG.) NO. 30727 OF 2019
ALONG WITH
INTERIM APPLICATION
read with Section 49 of the Foreign Exchange Management Act, 1999 ('FEMA' for short) is maintainable before the Special Director (Appeals) appointed under ... FEMA. In all these cases, the Special Director (Appeals) has dismissed the appeals as not maintainable. As the issue involved in all these cases
Foreign Exchange Management
Act, 1999 (hereinafter referred to as "the FEMA"). The second
respondent-Directorate of Enforcement is constituted under
Page ... Judgment-WP.2026.2017.doc
section 36 of the FEMA. It exercises powers of investigation in
relation to the contraventions of the FEMA. The third
valuation of the shares after taking
into Foreign Exchange Management Act (FEMA) requirements. That valuation
surprisingly found that the each share was valued
BOMBAY
CIVIL APPELLATE JURISDICTION
CIVIL APPLICATION NO. 1 OF 2019
IN
FEMA APPEAL NO. 2 OF 2019
Directorate of Enforcement. ... Appellant
V/s.
Board ... Cricket in India ... Respondent
WITH
CIVIL APPLICATION NO. 2 OF 2019
IN
FEMA APPEAL NO. 3 OF 2019
Directorate of Enforcement. ... Appellant
