The Foreign Exchange Management Act, 1999 is a civil act in nature as such there is no provision for launching the prosecutions. During the last three years i.e. 2009-10,2010-11 and 2011-12 (upto July 2011) , the Directorate of Enforcement has issued 990 Show Cause Notices to various persons/firms under Foreign Exchange Management Act,1999 (FEMA), for initiating the adjudication proceedings. The Zone-wise details of the Show Cause Notices issued during the last three years is mentioned Below: –
Zone | No. of SCN issued |
Ahmedabad | 39 |
Bangalore | 62 |
Chandigarh | 102 |
Chennai | 163 |
Cochin | 241 |
Delhi | 20 |
Hyderabad | 55 |
Lucknow | 92 |
Kolkata | 84 |
Mumbai | 131 |
This information was given by the Minister of State for Finance, Shri S.S.Palanimanickam in written reply to anUnstarred Question in Lok Sabha today.