RBI Closes FEMA Case Against Myntra With Rs 2.88 Lakh Compounding Fee
The Reserve Bank of India has wrapped up Foreign Exchange Management Act proceedings against Flipkart-owned fashion platform Myntra through a compounding order carrying a Rs 2.88 lakh fee, following a no-objection clearance from the Enforcement Directorate.
RBI has closed FEMA proceedings against Flipkart-owned fashion platform Myntra via a compounding order, imposing a Rs 2.88 lakh fee, after the Enforcement Directorate issued a no-objection clearance.