Flipkart-owned Myntra and its related entities for allegedly flouting FEMA rules to the tune of INR 1,654. Cr The ED alleged that Myntra and its related companies were undertaking multi-brand retail ...

The ED added that Myntra's operations violated the FDI rules introduced on April 1, 2010, amendments, and the October 1, 2010, amendments, where only 25 per cent of the sales were to be made to group ...

The Enforcement Directorate (ED) has filed a complaint against BNPL platform Simpl and its cofounder and director Nitya Sharma for allegedly violating foreign direct investment (FDI) norms. In a ...

Mumbai: The Enforcement Directorate (ED) has filed a complaint under section 16(3) of the Foreign Exchange Management Act (FEMA), 1999, against popular fashion e-commerce company Myntra Designs ...

(MENAFN- IANS) Bengaluru, July 23 (IANS) The Enforcement Directorate's Bengaluru Zonal Office has filed a complaint against One Sigma Technologies Pvt Ltd (SIMPL) and its Director Nitya Nand Sharma ...

A spokesperson of the Bengaluru-headquartered Myntra, a fashion and lifestyle e-commerce platform, said the company will cooperate with the authorities.

Myntra is facing action from the Enforcement Directorate (ED), which has filed a case under the Foreign Exchange Management Act (FEMA) against the e-commerce platform for allegedly flouting Foreign ...

The Enforcement Directorate has charged Myntra Designs Pvt. Ltd. with violating FEMA norms by allegedly disguising multi-brand retail trade as wholesale cash and carry. The company reportedly ...