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ED slaps Rs 5 cr penalty on Shriram Transport Finance
March 10, 2020 | By Moneycontrol.com
business
The company represented itself with relevant information and facts that it was of the bona fide view that it had not contravened any of the provisions of the Foreign Exchange Management Act (FEMA).
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Shriram Transport Finance Company (STFC) on March 10 said a penalty of Rs 5 crore has been imposed on the company through an Enforcement Directorate order in relation to an old case of issuing warrants. The company said it had received a show cause notice (SC
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