Paytm issues clarification on ED notice over alleged FEMA violations – The Times of India
Paytm clarified that the alleged violations occurred when these companies were not its subsidiaries. Paytm alleged FEMA violations: Following reports of ED (Enforcement Directorate) sending a notice to Paytm, shares of One97 Communications plunged around 4% before recovering.A regulatory filing on Saturday revealed that Paytm received notice from the Enforcement Directorate (ED) regarding alleged FEMA…