LatestCompany Registration 13 November 2026
Page Industries Reveals Inadvertent FEMA Violation
Page Industries has admitted to an inadvertent breach of the Foreign Exchange Management Act (FEMA) after a review revealed unauthorized share transactions. The firm disclosed the issue to the Reserve Bank of India in May and is cooperating with regulators to rectify the error and prevent future violations.
Page Industries disclosed an *inadvertent* violation of the Foreign Exchange Management Act (FEMA). The company reported the breach to the Reserve Bank of India in May and is working with authorities to correct it.
- Unauthorized share transactions identified during internal review
- Immediate notification to RBI and cooperation with regulators
- Steps underway to tighten compliance and avoid repeat incidents
For full details, see the original report on The Economic Times.
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