HC dismisses frivolous writ plea filed by directors against issue of SCN for unauthorized dealing in forex

FEMA : Where a show cause notice was served on company ‘D’ and its directors including petitioners alleging violation of sections 3(b), 5, 6(2)(a) and 10(6) and said notice gives sufficient particulars making out a specific case which petitioners were asked to meet, instant writ by petitioners alleging that notice lacks in minimum material facts and thus, they were put in a disadvantageous position of not being able to reply to same, being devoid of merit, was liable to be dismissedFEMA : Where a show cause notice was served on company ‘D’ and its directors including petitioners alleging violation of sections 3(b), 5, 6(2)(a) and 10(6) and said notice gives sufficient particulars making out a specific case which petitioners were asked to meet, instant writ by petitioners alleging that notice lacks in minimum material facts and thus, they were put in a disadvantageous position of not being able to reply to same, being devoid of merit, was liable to be dismissedwww.taxmann.com Latest Case LawsRead More

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