FEMA) which
superseeded Foreign Exchange Regulation Act, 1973 (hereinafter
referred to as FERA)assailing the order dated 30.11.2006 passed by
the Foreign Exchange Appellate Tribunal ... holding the appellant guilty
under section 9(1) (a) of FERA and imposing upon him a penalty of
Rs.3,00,000/-(Rupees Three Lakhs
relevant for the purpose of deciding the matter.
Date Event
01.06.2000 The FERA bill after receiving the assent of the President on
29.12.1999, came into ... force as FEMA, 1999 repealing FERA,
1973.
19.11.2001 The RBI addressed a letter to the Director, Enforcement
Directorate, FERA/FEMA, directing to conduct investigation
against
learned ACMM framed charges
against the petitioners under Section 56 of the FERA for the alleged
violation under Section 9(1)(f)(i) and Section ... FERA r/w Section
64(2) of FERA, 1973.
2. Briefly stating the allegations against the present petitioners are that
the petitioner, Piyush Saxena
thereby you contravened
the provisions of Section 8(1) of FERA 1973 punishable
under Section 56 of FERA 1973 and within my
cognizance.
Secondly, during ... thereby you
both contravened the provisions of Section 8(1) of FERA
1973 punishable under Section 56 of FERA 1973 and
within my cognizance
Bank. The contention was
that criminal proceedings under Section 56 of the FERA
Act could not be initiated before holding adjudication
proceedings in terms ... Section 51 of the FERA and if
only satisfied, proceed with the prosecution under
Section 56 of the said Act. This argument
Foreign Exchange
Regulation Act, 1973 (hereinafter referred to as "the FERA, 1973"). By
the impugned order, the respondent No.2 modified the order ... provisions of Section 8(1) and 8 (2) of the FERA,
1973.
2. The respondent initiated the proceedings against the appellant
Criminal Appeal
Bank. The contention was
that criminal proceedings under Section 56 of the FERA
Act could not be initiated before holding adjudication
proceedings in terms ... Section 51 of the FERA and if
only satisfied, proceed with the prosecution under
Section 56 of the said Act. This argument
exporter as envisaged in the Section 19 of
FERA under which the prohibition has been alleged to have been
violated.
vi. Because, no case under ... Because, the violation as contemplated under Section 18 (1)(a) of the
FERA is only applicable to the exporter and goods relating to the
exporter
reasonable steps' as appearing under Section
18(3) of the FERA?
(ii) Whether the FERA Appellate Board
committed an error in law in holding ... London took steps on the
advice rendered by them?
(iii) Whether the FERA Appellate Board
committed an error in law in holding that no
liquidation
been recently
dealth with in Dukhishyam Benupani, Asstt. Director,
Enforcement Directorate (FERA) Vs. Arun Kumr Bajoria .
The white-collar criminal like the respondent agaisnt whom
