J. SRI NISHA versus THE SPECIAL DIRECTOR, ADJUDICATING AUTHORITY, DIRECTORATE OF ENFORCEMENT AND ANR.

Case summary from SCR

Issue for Consideration The writ petitions instituted by the appellants assailing the show cause notice (SCN) issued by the Adjudicating Authority under Foreign Exchange Management Act, 1999, came to be dismissed. Whether the impugned order passed by the High to be set aside. Headnotes† Foreign Exchange Management Act, 1999 – ss.4, 37A – Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 – Appellants alleged to have contravened the provisions of s.4 of FEMA, r/w. FEMA Regulations, on the