Section 17 of FEMA : Section 17: Appeal To Special Director (Appeals)

FEMA

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Explanation using Example

Imagine a scenario where an Indian company, 'TechSolutions Pvt. Ltd.', has been fined by an Assistant Director of Enforcement for not complying with certain provisions of the Foreign Exchange Management Act (FEMA), 1999 related to foreign investments. The company believes that the fine is unjust and wants to challenge the order of the Adjudicating Authority.

Following the procedure laid out in Section 17 of FEMA, 1999, TechSolutions Pvt. Ltd. decides to file an appeal. The Central Government has appointed a Special Director (Appe...

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