{"id":249727,"date":"2025-03-01T21:10:45","date_gmt":"2025-03-01T21:10:45","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/01\/ed-notice-to-paytm-parent-over-rs-611-crore-fema-violation-the-times-of-india\/"},"modified":"2025-03-01T21:10:45","modified_gmt":"2025-03-01T21:10:45","slug":"ed-notice-to-paytm-parent-over-rs-611-crore-fema-violation-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/01\/ed-notice-to-paytm-parent-over-rs-611-crore-fema-violation-the-times-of-india\/","title":{"rendered":"ED notice to Paytm parent over Rs 611 crore Fema violation &#8211; The Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/thumb\/msid-118654698,imgsize-254291,width-400,resizemode-4\/118654698.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ED notice to Paytm parent over Rs 611 crore Fema violation &#8211; The Times of India\" title=\"ED notice to Paytm parent over Rs 611 crore Fema violation &#8211; The Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>NEW DELHI: The <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/enforcement-directorate\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">Enforcement Directorate<\/a> (ED) has issued a <!-- -->show-cause notice<!-- --> to <!-- -->One97 Communications<!-- -->, the parent company of <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/paytm\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">Paytm<\/a>, over alleged violations of the <!-- -->Foreign Exchange Management Act<!-- --> (Fema) in transactions amounting to Rs 611 crore.<br \/>The notice, dated Feb 27, cited alleged contraventions between 2015 and 2019 related to Paytm&#8217;s acquisition of two subsidiaries, <!-- -->Little Internet<!-- --> and Nearbuy India. <br \/>The company disclosed the development in a regulatory filing on Saturday, stating that it is currently seeking legal advice and evaluating its options to address the allegations. <br \/>Paytm acquired Little Internet and Nearbuy India in Dec 2017 as part of its strategy to expand its presence in offline commerce. <br \/>According to the ED&#8217;s notice, the alleged violations pertain to investment transactions involving One97 Communications and its subsidiaries. <br \/>Paytm has said that some of these transactions predate its ownership of the two companies, suggesting that a portion of the alleged contraventions occurred before they became subsidiaries of One97 Communications.<\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? 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