Xiaomi Fema Violations
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Xiaomi Files Appeal Against Probe Agency's Seizure Of Rs 5,551.27 Crore
A division bench of the High Court of Karnataka on Friday heard an appeal filed by smartphone maker Xiaomi challenging a single-judge order which had upheld the Enforcement Directorate's seizure of Rs 5,551.27 crore from its bank accounts.
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Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation
Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of Rs. 5,551 crore.Â
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High Court Upholds Rs 5,551 Crore Seizure From Xiaomi For Forex Violation
The High Court of Karnataka on Friday upheld the seizure of Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA).
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Xiaomi's Global Vice President Manu Jain Announces Resignation After Nine-Year Stint
Manu Kumar Jain, Xiaomi's global vice president and former head of its Indian arm announced his resignation from the firm on Monday. Jain spearheaded the launch of Xiaomi in India in 2014 and later moved to larger role of President for Indian sub-continent to manage business in India, Bangladesh, Nepal, Bhutan and Sri Lanka.
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Amid Legal Battle With Probe Agency, Xiaomi's Global Veep Manu Jain Resigns
The development comes amidst the ongoing legal tussle between Enforcement Directorate and Xiaomi over alleged Foreign Exchange Management Act (FEMA) violation by the company.
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Xiaomi Files Appeal Against Probe Agency's Seizure Of Rs 5,551.27 Crore
A division bench of the High Court of Karnataka on Friday heard an appeal filed by smartphone maker Xiaomi challenging a single-judge order which had upheld the Enforcement Directorate's seizure of Rs 5,551.27 crore from its bank accounts.
-
Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation
Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of Rs. 5,551 crore.Â
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High Court Upholds Rs 5,551 Crore Seizure From Xiaomi For Forex Violation
The High Court of Karnataka on Friday upheld the seizure of Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA).
-
Xiaomi's Global Vice President Manu Jain Announces Resignation After Nine-Year Stint
Manu Kumar Jain, Xiaomi's global vice president and former head of its Indian arm announced his resignation from the firm on Monday. Jain spearheaded the launch of Xiaomi in India in 2014 and later moved to larger role of President for Indian sub-continent to manage business in India, Bangladesh, Nepal, Bhutan and Sri Lanka.
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Amid Legal Battle With Probe Agency, Xiaomi's Global Veep Manu Jain Resigns
The development comes amidst the ongoing legal tussle between Enforcement Directorate and Xiaomi over alleged Foreign Exchange Management Act (FEMA) violation by the company.
