Paytm to resolve FEMA allegations on acquired subsidiaries

Paytm to resolve FEMA allegations on acquired subsidiaries Paytm, India’s leading digital payments and financial services company, has said that alleged FEMA contraventions linked to two acquired subsidiaries — Little Internet Private Limited (LIPL) and Nearbuy India Private Limited (NIPL) are largely related to transactions before the Company’s investment in these entities. The company received a show cause notice (SCN) from the Directorate