In an attempt to convince stakeholders, BYJU'S Founder and CEO Byju Raveendran wrote a letter to them, saying, "We have built this company together and I want us all to participate in this renewed mission."
FEMA violation: Rs 5,551 crore in bank accounts belonging to Xiaomi was seized after ED's order on irregularities found.
Proceedings under the FEMA are civil in nature and the final penalty, post adjudication, can be at least three times the amount contravened under the law.
The ED was investigating the case for the alleged contravention of the Foreign Exchange Act (FEMA) in transferring over Rs 243 crore out of the country to host the 2009 Indian Premier League edition in South Africa.
Mumbai: The Enforcement Directorate (ED) has issued show-cause notices to four IPL teams in connection with a foreign exchange violation case during the second edition of the T-20 cricket extravaganza of IPL in South Africa
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