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Get latest articles and stories on Latest News at LatestLY. Troubled edtech company Byju's on Wednesday said the Enforcement Directorate's notice received by the company is related to technical issues such as delay in filing Annual Performance Reports (APR) with respect to foreign direct investment of Rs 8,000 crore and it expects nominal penalty, if any, in the matter. Latest News | ED Notice Related to Technical Issue on FDI, Expects Nominal Fine: Byju's on FEMA Violation Charges.
ED had said last week that BYJU'S violated Foreign Exchange Management Act norms by delaying the filing of documents against the foreign investment of about Rs 8,000 crore
Byju's said the ED's notice received by the company is related to technical issues such as delay in filing Annual Performance Reports (APR) with respect to foreign direct investment of Rs 8,000 crore and it expects a nominal penalty, if any, in the m