Ed fine BBC: BBC India Rs. 3.44 crore

The British Broad Casting Corporation (BBC) has been accused of violating India’s Foreign Exchange Act (FEMA) (FEMA) (ED). 3.44 crores. BBC India has also imposed a fine on directors. The EIDI action on the allegations that foreign funds were not reduced despite a 26% limit on digital media companies.

Even in the past.

The BBC has ordered India to pay more than Rs 3.44 crore from October 15, 2021 and pay a fine of Rs 5,000 per day. An ED official said that FEMA (Foreign Exchange Management Act) was fined Rs.

BBC director also.

Director Giles Antony Hunt, Shekhar Sinha and Paul Michael Gibbons Rs. 1.15 crore, the officer said. In February 2023, the Income Tax Department held three days of BBC offices in Delhi and other cities. Based on the Income Tax Department report, EIDI launched an investigation into BBC India’s FEMA violation in April 2023.

This is a mistake made by the BBC.

An ED officer has given a details of how the BBC has violated the law. The BBC, which remains a % FDI company, has a 26 % FDI limit in India. This is not a shortage in the BBC, which has been a violation of the rules of the Government of India in February 2023, the BBC spokesperson said that problems with the officials Will continue to cooperate and the problems will be resolved as soon as possible.

Woman to replace Fera since 1999

The FEMA Act came into force in 1999 after the abolition of the Foreign Exchange Control Act (FERA) of 1973. It is designed to facilitate foreign trade and payment and promote foreign exchange market management in India. EIDI has been entrusted with the responsibility of investigating foreign exchange laws and violation of rules, which violate the law and punish them.