Foreign Exchange Regulation Act, 1973 Archives

Supreme Court quashes penalty against part-time director under FERA: Shailendra Swarup vs. Enforcement Directorate (27 July 2020)

Supreme Court quashes penalty against part-time director under FERA: Shailendra Swarup vs. Enforcement Directorate (2020) LEGAL ISSUE: Whether a part-time, non-executive director can be penalized for a company’s FERA violations without proof of their involvement in the company’s daily operations. CASE TYPE: Criminal Appeal (Foreign Exchange Regulation Act) Case Name: Shailendra Swarup vs. The Deputy […]

Supreme Court clarifies appellate jurisdiction under FEMA for FERA violations: Union of India vs. Premier Limited (29 January 2019)

January 29, 2019 / Abhay Manohar Sapre, Appellate Tribunal, Foreign Exchange Management Act, 1999, Foreign Exchange Management Act, 1999 with Section 19, Foreign Exchange Management Act, 1999 with Section 49, Foreign Exchange Regulation Act, 1973, Foreign Exchange Regulation Act, 1973 with Section 51, Foreign Exchange Regulation Act, 1973 with Section 52, Foreign Exchange Regulation Act, 1973 with Section 81, Indira Banerjee, Judges

Supreme Court Clarifies Appellate Authority Under FEMA for FERA Violations Date of the Judgment: 29 January 2019 Citation: (2019) INSC 49 Judges: Abhay Manohar Sapre, J., Indira Banerjee, J. Can an appeal against an order passed under the Foreign Exchange Regulation Act, 1973 (FERA) after its repeal, be filed before the Special Director (Appeals) or

Supreme Court clarifies appellate jurisdiction under FEMA for FERA violations: Union of India vs. Premier Limited (29 January 2019) Read Post »