Fema

New Penal Provisions of Fema Ensure Protection of FDI Policy: CR Chaudhary

C. R. Chaudhary said that there is no proposal to set up a special group to keep tabs on any violation of its foreign investment policy by online retail platforms such as Amazon, Flipkart and Myntra. However, any violation of Foreign Direct Investment (FDI) policy regulations is covered by the penal provision of the FEMA, 1999.