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| Name | Enforcement Directorate Issues Lookout Notice Against Byju Raveendran |
| Video Uploader | Video From Business Today |
| Upload Date | This Video Uploaded At 22-02-2024 05:52:03 |
| Video Discription | #Byjus #EnforcementDirectorate #ByjuRaveendran #LookOutCircular #FEMA In its latest action against Byju Raveendran, the Enforcement Directorate (ED) has issued a look out circular (LOC) against the fallen edtech icon. In November 2023, the Adjudicating Authority under FEMA issued show cause Notices to Think & Learn Private Limited and Byju Raveendran on the basis of a complaint filed by the ED under section 16 of FEMA, 1999 with respect to the contraventions of the provisions to the tune of ₹9,362 crore. ED had initiated investigation on the basis of various complaints regarding the foreign investment received by Think and Learn Private Limited and the business conduct of the company. The company was also stated to have made significant foreign remittances outside India and investments abroad which were allegedly in contravention of provisions of FEMA and caused loss of revenue to the Government of India. ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: https://www.facebook.com/BusinessToday twitter: https://twitter.com/business_today Instagram: https://www.instagram.com/business_today/ |
| Category | News & Politics |
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