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The adjudication proceedings were initiated on a complaint under Section 16 of FEMA filed by the ED alleging contraventions of FEMA and the rules and regulations pertaining to the receipt and utilisation of foreign funds

​The adjudication proceedings were initiated on a complaint under Section 16 of FEMA filed by the ED alleging contraventions of FEMA and the rules and regulations pertaining to the receipt and utilisation of foreign funds