• United States
  • United Kingdom
  • Europe
  • India
  • Asia
  • Middle East
  • Australia
  • Africa
Sunday, October 19, 2025
  • Login
  • Register
The Universal Chronicle
  • Home
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Canada
    • Europe
    Peru: Trekking the Inca Trail and Sandboarding in the Desert

    Peru: Trekking the Inca Trail and Sandboarding in the Desert

    Zanzibar, Tanzania: Exotic Beaches and Swahili Culture

    Zanzibar, Tanzania: Exotic Beaches and Swahili Culture

    Barcelona: Tapas, Markets & Mediterranean Magic

    Barcelona: Tapas, Markets & Mediterranean Magic

    Elon Musk Launches ‘America Party’ After Trump Signs .3 Trillion Bill

    Elon Musk Launches ‘America Party’ After Trump Signs $3.3 Trillion Bill

    Freed Belarus Opposition Leader Sergei Tikhanovsky Says ‘I’m Not Broken’ After Years in Jail

    Freed Belarus Opposition Leader Sergei Tikhanovsky Says ‘I’m Not Broken’ After Years in Jail

    New Zealand’s Top Diplomat Calls China’s Sudden Live-Fire Drills a ‘Failure’ in Relations

    New Zealand’s Top Diplomat Calls China’s Sudden Live-Fire Drills a ‘Failure’ in Relations

    Viral Photo Turns ‘Puppy Mountain’ in China into an Internet Sensation

    Viral Photo Turns ‘Puppy Mountain’ in China into an Internet Sensation

    Ukraine’s Critical Minerals Deal: What It Means and Why Trump Wants It Signed?

    Ukraine’s Critical Minerals Deal: What It Means and Why Trump Wants It Signed?

    Israel Backs Plan to Extend Gaza Ceasefire for Ramadan

    Israel Backs Plan to Extend Gaza Ceasefire for Ramadan

    “You’re Very, Very Welcome”: UK PM Keir Starmer Hosts Zelensky After Trump Clash

    “You’re Very, Very Welcome”: UK PM Keir Starmer Hosts Zelensky After Trump Clash

    Trending Tags

    • Iran missile strike
    • Israel-Iran conflict
    • U.S. military response to Iran
  • Politics
  • Business
    • All
    • Finance
    Sigachi Explosion Death Toll Rises to 34; IMD Issues Red Alert in Mandi

    Sigachi Explosion Death Toll Rises to 34; IMD Issues Red Alert in Mandi

    Trump is playing a dangerous tariff game despite his ‘really strong’ agenda, US economist warns

    Trump is playing a dangerous tariff game despite his ‘really strong’ agenda, US economist warns

    Shale Production Costs Expected to Rise by 2.8% in 2025 as Drilling Picks Up

    Shale Production Costs Expected to Rise by 2.8% in 2025 as Drilling Picks Up

    Suriname: Total Energies Greenlights .5 Billion GranMorgu Oil Project

    Suriname: Total Energies Greenlights $10.5 Billion GranMorgu Oil Project

    Oil Prices Surge Amid Tensions Following Iran’s Missile Strike on Israel

    Oil Prices Surge Amid Tensions Following Iran’s Missile Strike on Israel

    Eurozone Inflation Drops Below 2% as Energy Prices Fall

    Eurozone Inflation Drops Below 2% as Energy Prices Fall

    India’s Economic Growth Slows to 6.7% Amid Reduced Government Spending Before Elections

    India’s Economic Growth Slows to 6.7% Amid Reduced Government Spending Before Elections

    Global Private Credit Investors Shift Focus to India’s Booming Real Estate Market

    Global Private Credit Investors Shift Focus to India’s Booming Real Estate Market

    Indian Government Allocates  Billion for Job Creation in Budget Plan

    Indian Government Allocates $24 Billion for Job Creation in Budget Plan

    HDFC Capital Announces  Billion Fund for Affordable Housing in India

    HDFC Capital Announces $1 Billion Fund for Affordable Housing in India

    Trending Tags

    • Economic Growth
    • global economy
    • Inflation
    • Finance
    • Financial Wisdom
    • Economic Analysis
    • India Economy
  • Sports
  • Science
  • Technology
  • Lifestyle
  • Travel
  • Health
  • Home
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Canada
    • Europe
    Peru: Trekking the Inca Trail and Sandboarding in the Desert

    Peru: Trekking the Inca Trail and Sandboarding in the Desert

    Zanzibar, Tanzania: Exotic Beaches and Swahili Culture

    Zanzibar, Tanzania: Exotic Beaches and Swahili Culture

    Barcelona: Tapas, Markets & Mediterranean Magic

    Barcelona: Tapas, Markets & Mediterranean Magic

    Elon Musk Launches ‘America Party’ After Trump Signs .3 Trillion Bill

    Elon Musk Launches ‘America Party’ After Trump Signs $3.3 Trillion Bill

    Freed Belarus Opposition Leader Sergei Tikhanovsky Says ‘I’m Not Broken’ After Years in Jail

    Freed Belarus Opposition Leader Sergei Tikhanovsky Says ‘I’m Not Broken’ After Years in Jail

    New Zealand’s Top Diplomat Calls China’s Sudden Live-Fire Drills a ‘Failure’ in Relations

    New Zealand’s Top Diplomat Calls China’s Sudden Live-Fire Drills a ‘Failure’ in Relations

    Viral Photo Turns ‘Puppy Mountain’ in China into an Internet Sensation

    Viral Photo Turns ‘Puppy Mountain’ in China into an Internet Sensation

    Ukraine’s Critical Minerals Deal: What It Means and Why Trump Wants It Signed?

    Ukraine’s Critical Minerals Deal: What It Means and Why Trump Wants It Signed?

    Israel Backs Plan to Extend Gaza Ceasefire for Ramadan

    Israel Backs Plan to Extend Gaza Ceasefire for Ramadan

    “You’re Very, Very Welcome”: UK PM Keir Starmer Hosts Zelensky After Trump Clash

    “You’re Very, Very Welcome”: UK PM Keir Starmer Hosts Zelensky After Trump Clash

    Trending Tags

    • Iran missile strike
    • Israel-Iran conflict
    • U.S. military response to Iran
  • Politics
  • Business
    • All
    • Finance
    Sigachi Explosion Death Toll Rises to 34; IMD Issues Red Alert in Mandi

    Sigachi Explosion Death Toll Rises to 34; IMD Issues Red Alert in Mandi

    Trump is playing a dangerous tariff game despite his ‘really strong’ agenda, US economist warns

    Trump is playing a dangerous tariff game despite his ‘really strong’ agenda, US economist warns

    Shale Production Costs Expected to Rise by 2.8% in 2025 as Drilling Picks Up

    Shale Production Costs Expected to Rise by 2.8% in 2025 as Drilling Picks Up

    Suriname: Total Energies Greenlights .5 Billion GranMorgu Oil Project

    Suriname: Total Energies Greenlights $10.5 Billion GranMorgu Oil Project

    Oil Prices Surge Amid Tensions Following Iran’s Missile Strike on Israel

    Oil Prices Surge Amid Tensions Following Iran’s Missile Strike on Israel

    Eurozone Inflation Drops Below 2% as Energy Prices Fall

    Eurozone Inflation Drops Below 2% as Energy Prices Fall

    India’s Economic Growth Slows to 6.7% Amid Reduced Government Spending Before Elections

    India’s Economic Growth Slows to 6.7% Amid Reduced Government Spending Before Elections

    Global Private Credit Investors Shift Focus to India’s Booming Real Estate Market

    Global Private Credit Investors Shift Focus to India’s Booming Real Estate Market

    Indian Government Allocates  Billion for Job Creation in Budget Plan

    Indian Government Allocates $24 Billion for Job Creation in Budget Plan

    HDFC Capital Announces  Billion Fund for Affordable Housing in India

    HDFC Capital Announces $1 Billion Fund for Affordable Housing in India

    Trending Tags

    • Economic Growth
    • global economy
    • Inflation
    • Finance
    • Financial Wisdom
    • Economic Analysis
    • India Economy
  • Sports
  • Science
  • Technology
  • Lifestyle
  • Travel
  • Health
No Result
View All Result
The Universal Chronicle
Join Now
  • Home
  • World
  • Politics
  • Business
  • Sports
  • Science
  • Technology
  • Lifestyle
  • Travel
  • Health
ADVERTISEMENT

Paytm Receives FEMA Violation Notice from Enforcement Directorate

by The Universal Chronicle
March 2, 2025
Reading Time: 2 mins read
0
0

New Delhi: The Enforcement Directorate (ED) has issued a notice to One97 Communications Ltd (OCL), the parent company of Paytm, over alleged violations of the Foreign Exchange Management Act (FEMA) by the company and its two subsidiaries—Little Internet Private Limited (LIPL) and Nearbuy India Private Limited (NIPL). The notice pertains to certain investment transactions between 2015 and 2019.

According to an exchange filing, Paytm confirmed receiving the notice on February 28, 2025, regarding transactions amounting to over ₹611 crore. The company has stated that the alleged breaches occurred before LIPL and NIPL became its subsidiaries.

READ MORE

Ratan Tata, Visionary Industrialist and Philanthropist, Dies at 86 Amid Controversies of Tata Group Legacy

“India Has Emerged As 2nd Democratic Superpower”: Former Australian PM Tony Abbott

Death of Indian Employee Sparks Nationwide Debate on Toxic Work Culture

SIP Investments in India Hit Record High of Rs 24,508.73 Crore in September, Marking First-Time Surge Past Rs 24,000 Crore

Breakdown of Alleged Violations

The ED’s notice cites:

  • ₹245 crore in transactions related to One97 Communications Ltd (OCL)
  • ₹345 crore related to LIPL
  • ₹21 crore linked to NIPL

Paytm clarified that the alleged contraventions linked to LIPL and NIPL occurred before 2017, when these entities were not yet under OCL’s ownership.

Paytm’s Response and Legal Stand

The fintech giant has assured stakeholders that it is addressing the issue in compliance with regulatory laws and seeking legal advice to resolve the matter. Paytm also emphasized that its services to customers and merchants remain fully operational and unaffected.

“The company is evaluating appropriate remedies and will comply with all necessary regulatory processes to resolve this matter,” Paytm stated in its filing.

Background of Acquisitions

Paytm acquired Little Internet Private Limited and Nearbuy India Private Limited in 2017. Nearbuy, originally Groupon India, was founded in 2011 by Ankur Warikoo and later became an independent entity in 2015 after being bought by its management team.

This latest development adds to regulatory scrutiny in the fintech sector, where compliance with foreign exchange regulations has become a key area of focus for authorities.

The ED’s notice does not specify any immediate financial penalties, but further regulatory actions may follow based on Paytm’s response and legal proceedings.

Tags: 2017acquiredcompaniesDelhi TheDirectorateEnforcementnoticePaytmRepresentational Newsent

Stay Updated!
Get instant alerts on the latest news, trending stories, and exclusive updates—right when they happen. Never miss a headline again!

Unsubscribe
ADVERTISEMENT

RELATED POSTS

North Chennai Residents Push Back Against Kodungaiyur Waste-to-Energy Plant

North Chennai Residents Push Back Against Kodungaiyur Waste-to-Energy Plant

by The Universal Chronicle
July 1, 2025
0

Kodungaiyur dump yard. File | Photo Credit: B. Jothi Ramalingam (The Hindu) Residents of North Chennai are once again making...

Sigachi Explosion Death Toll Rises to 34; IMD Issues Red Alert in Mandi

Sigachi Explosion Death Toll Rises to 34; IMD Issues Red Alert in Mandi

by The Universal Chronicle
July 1, 2025
0

Sangareddy: Firefighters try to extinguish a fire that broke out in a chemical factory, at Pashamylaram, in Sangareddy district, Telangana,...

AI-Fueled Deception: The New Frontier of Cybercrime

AI-Fueled Deception: The New Frontier of Cybercrime

by The Universal Chronicle
October 10, 2024
0

"Help me, Appa!" echoed in the ears of a retired banker from Madurai when he received a call that sent...

Ratan Tata’s Final Legacy: Mumbai’s State-of-the-Art Animal Hospital

Ratan Tata’s Final Legacy: Mumbai’s State-of-the-Art Animal Hospital

by The Universal Chronicle
October 10, 2024
0

In one of his last significant acts of philanthropy, Ratan Tata, the industrialist and chairman emeritus of Tata Sons, spearheaded...

“India Has Emerged As 2nd Democratic Superpower”: Former Australian PM Tony Abbott

“India Has Emerged As 2nd Democratic Superpower”: Former Australian PM Tony Abbott

by The Universal Chronicle
March 2, 2025
0

New Delhi: India has firmly established itself as the world's second democratic superpower and could play a crucial role in...

Load More
  • Trending
  • Comments
  • Latest
Budget-Friendly Home Renovation Projects That Make a Big Impact

Budget-Friendly Home Renovation Projects That Make a Big Impact

June 27, 2025
New Zealand’s Top Diplomat Calls China’s Sudden Live-Fire Drills a ‘Failure’ in Relations

New Zealand’s Top Diplomat Calls China’s Sudden Live-Fire Drills a ‘Failure’ in Relations

March 2, 2025
Peru: Trekking the Inca Trail and Sandboarding in the Desert

Peru: Trekking the Inca Trail and Sandboarding in the Desert

July 22, 2025
Lisbon : A Solo Adventure Through Portugal’s Charming Capital

Lisbon : A Solo Adventure Through Portugal’s Charming Capital

1
Digital Nomad Meets Solo Explorer:Chiang Mai Is the Ultimate Base

Digital Nomad Meets Solo Explorer:Chiang Mai Is the Ultimate Base

1
Edinburgh: A Solo Traveller’s Gateway to History, Stories, and Self-Discovery

Edinburgh: A Solo Traveller’s Gateway to History, Stories, and Self-Discovery

1
Patagonia, Chile: Trekking the Wild Heart of South America

Patagonia, Chile: Trekking the Wild Heart of South America

July 30, 2025
Nepal: Trekking Through the Himalayas

Nepal: Trekking Through the Himalayas

July 28, 2025
Marrakech: Spices, Souks & Saffron-Scented Feasts

Marrakech: Spices, Souks & Saffron-Scented Feasts

July 28, 2025

ADVERTISEMENT
Facebook Twitter Instagram LinkedIn

Bringing you the latest news and insights from around the globe with the Right Voice of Journalism.

Editorial Info

  • About Us
  • Terms of Use
  • Privacy Policy
  • Cookies Policy
  • Code of Ethics
  • Advertise With Us

Subscribe Our Exclusive Newsletters

Copyright © 2025 The Universal Chronicle. All Rights Reserved. The Universal Chronicle adheres to the DNPA Code of Ethics. This site is not responsible for the content of external websites.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Diplomacy
  • Economy
  • Education & Career
  • Governance
  • Inflation
  • Markets
  • Personal Finance
  • Policy
  • Celebrities
  • Entertainment
  • Climate
  • Pollution
  • Login
  • Sign Up
NEWSLETTERS

Copyright © 2025 The Universal Chronicle. All Rights Reserved. The Universal Chronicle adheres to the DNPA Code of Ethics. This site is not responsible for the content of external websites.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?