FEMA VIOLATIONS - PROSECUTION BY the DIRECTORATE OF ENFORCEMENT

FEMA Violations

The Foreign Exchange Management  Act, 1999 is a civil act in nature as such there is no provision for launching the prosecutions.  During the last three years i.e. 2009-10,2010-11 and 2011-12 (upto July 2011) , the Directorate of  Enforcement has issued 990 Show Cause Notices to various persons/firms under Foreign Exchange Management Act,1999 (FEMA), for initiating the adjudication proceedings.  The Zone-wise details of the Show Cause Notices issued during the last three years is as under: -

ZONE                                                                Number of Show Cause Notices Issued
AHAMADABAD                                                           39
BANGALORE                                                               62
CHANDIGARH                                                           102
CHENNAI                                                                    163
COCHIN                                                                       241
DELHI                                                                            20
HYDERABAD                                                               55
LUCKNOW                                                                   92
KOLKATA                                                                    84
MUMBAI                                                                      13
 From the above, we can understand that the Cochin leads in FEMA violations whereas Mumbai is the least infringer.
Press Information Bureau dated September 2, 2011.

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