Enforcement Directorate investigates Myntra and linked entities for alleged FEMA violation related to multi-brand retail and FDI norms ...

The Enforcement Directorate has registered a FEMA case against Flipkart-backed Myntra and its affiliates for allegedly violating FDI rules to the tune of Rs 1,654 crore. , Companies, Times Now ...

The Enforcement Directorate (ED) has filed a case under the Foreign Exchange Management Act (FEMA) against Flipkart-backed Myntra Designs Pvt. Ltd., its related companies, and directors for alleged ...

This is in alleged violation of extant Foreign Direct Investment (FDI) guidelines, the Enforcement Directorate (ED) said.

The Enforcement Directorate (ED) has filed a complaint against Myntra, a fashion etailer owned by Flipkart, and its related entities under the Foreign Exchange Management Act (Fema), 1999.