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No FEMA Violation Where Foreign Nationals Qualify as Persons Resident in India: Karnataka HC
Case Law Details
- Case Name
- Special Director Vs Joy of India (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Karnataka High Court
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Special Director Vs Joy of India (Karnataka High Court)
The Karnataka High Court dismissed an appeal filed under Section 42 of the Prevention of Money Laundering Act, 2002, challenging the Appellate Tribunal’s order that had set aside penalties and confiscation imposed under the Foreign Exchange Management Act, 1999 (FEMA). The connected writ petition challenging the original adjudication order was also disposed of as infructuous.
The proceedings originated from a complaint filed by the Directorate of Enforcement alleging violations of various provisions of FEMA and the applicable regula...
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