Enforcement level (ED) has issued the report of Pay97 communications Ltd (OCL) integrates worth over ₹ 611 crore. The case involves the purchase of two companies, private Internet restrictions (Lipl) and private India.
Communication one year (OCL), which owns the Paytm brand, which is received notice from ED on the minimal Personal.
OCL said it received a violation of FEMA on Feb 28, self-target, director and staff and staff and staff and staff and staff and staff and staff and staff. « This is associated with the alleged conflict for the year 2015 to 2015 to 2015, » submitted.
About Rs 344.99 crore 611.17 crore associated with investments related to OCL and 40.97 Crorees left for filing.
One 97 Communication was indicated that the accused violations are associated with the period in which both companies are not its subscriptions.
Company, which came to Linkl and Nipl in 2017, emphasizes that it is solving a problem in accordance with legal terms and regulations. « To solve the problem in accordance with the laws and regulations, the company is looking for the legal advice needed and assess the appropriate solution. »
« There is no effect on the Paytm services to the Services and traders, and all services are also full operations. »
Development even amid the Paytm payment bank review, which last year has rejected any violation of foreign exchange rules. On 31, the Indian Bank Bangetm Bangetm Bangetm Bangetm Bangtm Bangtm Bangtm Bangtm Bangtm Bangtm Bangtm Bangtm Bangts from March 1, with an object. «
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