‘Gall Punjab Di’ Organizes Historic Event With Collective Voice of ‘Sarbat Da Bhala’

Chandigarh, 11 February, 2026 (Yes Punjab News)

With prayers for Punjab’s prosperity, communal harmony, and collective well-being under the blessings of the Guru Sahib, a special event was organized today by the “Gall Punjab Di” Manch at Gurdwara Gur Sagar Sahib, Chandigarh. The program began with the recitation of Sukhmani Sahib, followed by an Ardas seeking progress for the entire Punjab and the welfare of all.

On this occasion, Chairperson Bibi Charan Kamal Kaur welcomed the guests and said that “Gall Punjab Di” is a platform that brings together individuals who understand Punjab’s pain and are committed to resolving it. She emphasized that the aim is not merely to list problems but to initiate solution-oriented dialogue by involving every section of society. She stressed that youth must reconnect with their Punjabi identity in order to find lasting solutions to Punjab’s challenges.

Addressing the gathering, Sikh thinker S. Ajay Pal Singh Brar stated that Punjab urgently needs strong and vigilant leadership to restore its prosperity.

He noted that preserving Punjab’s identity requires rising above narrow politics. Former President of the All India Sikh Students Federation and Senior Vice President of Shiromani Akali Dal (Punarsurjit), S. Karnail Singh Peer Mohammad, described the initiative as an idea-driven people’s movement and urged the youth to step forward and take responsibility for Punjab’s future.

BSP State General Secretary S. Jagjit Singh Chharbar remarked that Punjab has taught the world the value of shared brotherhood. Vaid Anu Bhardwaj highlighted the current issues facing Punjab and said that Punjabis must come together to find their own solutions.

National President of ERDC, Chetan Sahora, shared that through “Gall Punjab Di,” every Punjabi must engage in dialogue under the teachings of Sri Guru Granth Sahib Ji to rebuild a prosperous Punjab. The campaign will move forward in three phases:

Awareness – encouraging Punjabis to reflect on Punjab’s pain and challenges.

Dialogue – fostering meaningful discussions among leaders.

Reconstruction – identifying practical solutions and developing Punjab’s own model of growth.

Key Highlights of the Event:

Felicitation Ceremony:
Under the leadership of Chairperson Charan Kamal Kaur, distinguished individuals from various fields who have made significant contributions to society were honored.

Collective Message:
Speakers emphasized public participation and shared thinking to address youth unemployment, drug abuse, and the agrarian crisis.

In conclusion, the organizers stated that this was not just an event but the first step of a larger statewide dialogue across Punjab.

On this occasion, former Jathedar of Sri Akal Takht Sahib, Singh Sahib Prof. Manjit Singh Ji, and Sant Baba Pritpal Singh Ji honored Sant Anoop Singh of Una Sahib.

Among those present were Parmapal Singh (Akali Dal Punarsurjit), Arjan Singh Sergill, Devinder Singh Sodhi, Jaswinder Singh (Samajik Sangharsh Party), Jaswinder Singh Sidhu (EET Union Punjab), Harmanpreet Singh (Advocate, Mansa), Ali Shah Ji Peer Seeswan Wale, Harbhajan Singh (Education Scholar, Banga; SC/BC President Punjab), Shamsher Singh (Prabh Aasre Wale), Hardeep Singh Bath, Ramandeep Singh, and Jasbir Singh of Gurdwara Gur Sagar Sahib.

Others in attendance included Gurnam Singh, Jasbir Singh, Omkar Singh, Subhash Singh, Rameshpal Singh Sangli, journalist Rameshpal (Dera Bassi), SC/BC Mahapanchayat President Punjab, Prabhdayal Singh Rampur, Gagandeep, Rakesh Jain, Harmanpreet Singh, Anil Kumar, Rakesh Kumar, Gurmehak Singh, Harbhajan Singh, Sanjay, Pankaj Bhardwaj, Dr. Anil Kumar Angrish, Prof. Vishal Sharma, and Prof. Nidhi Gautam.

Anti-Drug Campaign a Joint Effort of People of Punjab to Free Youth from Drugs: Guv Kataria

Kataria leads anti-drug foot march in Fazilka

Fazilka, February 11, 2026 (Yes Punjab News)

Emphasising that the fight against drugs is a shared responsibility, the Governor of Punjab, Shri Gulab Chand Kataria, on Wednesday said that the anti-drug campaign is a collective effort of all aimed at making Punjab’s youth drug-free and restoring the state’s vibrant identity as “Rangla Punjab.”

The Governor was addressing a gathering after leading a massive anti-drug foot march from Sanjeev Palace to Ghantaghar in Fazilka. He once again appealef to all political, social and religious organisations to actively participate in the people’s campaign against drugs.

Highlighting the government’s efforts, the Governor said that strict action is being taken against drug traffickers as part of a sustained campaign to make Punjab drug-free. He stressed that drugs harm not only individuals but also society at large and, ultimately, the nation, making collective action essential to eradicate the menace from its roots.

The foot march saw large participation from vice-chancellors of various universities, heads of schools and colleges, representatives of NGOs, social organisations and prominent citizens, all of whom pledged to work towards a drug-free Punjab. The local KGF organisation also extended support in making the rally a success.

Addressing the gathering at Ghantaghar, the Governor underlined the need to make educational institutions drug-free at the earliest, stating that the future of the state can be secured only by guiding the youth on the right path. He informed that the Punjab Government is implementing a phase-wise campaign against drugs, which requires the united efforts of educational institutions, religious bodies, social organisations, political parties, panchayats and the general public.

The Governor also warned that a neighbouring hostile country is attempting to weaken Punjab’s youth by supplying drugs through drones. He said the government has taken several stringent measures, including the deployment of anti-drone systems, to thwart such conspiracies.

Concluding his address, the Governor said that the fight against drugs can be won only through collective efforts and expressed confidence that the campaign would achieve success with the cooperation of all Punjabis. Earlier in the day, he visited the de-addiction centre at Jattwali and interacted with the inmates.

Among those present on the occasion were the Governor’s Principal Secretary V.P. Singh, Deputy Commissioner Amritpreet Kaur Sandhu, Director Census Operations Lalit Jain, Red Cross Secretary Shiv Dular Singh Dhillon, SSP Shri Gurmeet Singh, Additional Deputy Commissioner (General) Dr. Mandeep Kaur, Additional Deputy Commissioner (Development) Shri Subhash Chandra, along with officers and employees from various departments, representatives of NGOs, religious and social organisations, and a large number of school and college students.

Jasvir Singh Garhi Orders Punjab Police Officers to Further Expedite Training Process on SC, ST Act

Chandigarh, February 11, 2026 (Yes Punjab News)

Presiding over the 28th Full Commission Meeting of the Punjab State Scheduled Castes Commission, the Chairman of the Commission, Jasvir Singh Garhi, directed the Punjab Police to further expedite the training process on SC/ST Act aiming reduction in number of complaints. Along with this, he also ordered the Social Justice Department to provide training to the Roster Register Committees on reservation issues and roster registers.

During the meeting, he directed the General Administration Department to appoint an ADC level officer as the nodal officer on the lines of Punjab Police for the disposal of cases registered under the SC/ST Act in every district so that the disposal of complaints could be expedited.

Chairman said that in today’s meeting, a report was taken from senior officers of police, local bodies, social justice and other departments regarding the status of cases registered under the SC/ST Prevention of Atrocities Act 1989.

Apart from this, a report was also taken on the establishment of a special helpline number as per the instructions given to the police department during the 27th meeting of the Commission, on the appointment of guards for the security of the Bhuriwale Gurgaddi (Garib Dasi tradition) sect’s Dham Shri Ram Moksh Dham, Khurda Tapprian (Nawanshahr) and Gaddi Nashin Acharya Shri Chetna Nand Ji Maharaj and the action taken on the Commission’s order to provide security to the members of the Commission. Apart from this, a review was also made on the security of the revered sants of Tapasthan Shri Khuralgarh Sahib and Charan Soh Ganga Shri Khuralgarh Sahib.

S. Garhi said that apart from this, the officials of the Social Justice and Empowerment Department were ordered to expedite the construction work of Ambedkar Bhawan in Barnala, Fazilka, Malerkotla, Pathankot, Sahibzada Ajit Singh Nagar.

He said that Ambedkar Bhawan at Tarn Taran will be completed by March 2026. Information was also sought from the Director of Local Governments regarding the early disposal of pending cases regarding compassionate employment to the families of sanitation workers who died on duty in municipal councils, which was found commendable.

He said that the Social Empowerment Department has written a letter to the government to increase the capacity of 50 students at Ambedkar Institute Mohali to 100. He directed the department to complete the action regarding 59 fake Scheduled Caste certificates pending for investigation in a timely manner.

In today’s meeting, Member Secretary of the Commission Dr. Nayan Jassal, Members Rupinder Singh Sital, Gurpreet Singh Ittanwali, Gulzar Singh Bobby, Additional Director General of Police of Punjab Police Mr. Kostub Sharma, Director Local Government Mr. Kulwant Singh, Director Social Justice, Empowerment and Minorities Ms. Vimi Bhullar, besides AIG Surinderjit Kaur, Mr. Gautam Singhal, AIG Training Police Department and officers of many departments were present.

Jakhar Should Make the Deal with America Public Instead of Holding Daily Press Conferences: Baltej Pannu

Chandigarh, 11 February, 2026 (Yes Punjab News)

Aam Aadmi Party (AAP) Punjab’s Media In-charge Baltej Pannu, directly challenging Punjab BJP President Sunil Jakhar, said that if the deal with America is truly in the interest of farmers, then instead of holding daily press conferences, why doesn’t he ask the BJP high command to make the full details and copies of that agreement public?

Pannu said that Mr. Jakhar has been holding press conferences almost every day, describing the deal with America as beneficial for India and especially for farmers, but so far no official copy or details of the agreement have been made public.

Pannu raised the question that if Jakhar has complete information and copies of this agreement, then why doesn’t he ask the BJP high command to make the agreement public? He also asked who signed this deal, whether it was signed by the Prime Minister, the Home Minister, or some other minister? The people have every right to know about this.

The AAP leader said that whatever information has come out so far about this agreement has only been through tweets by American President Donald Trump, and Trump’s tweets themselves state that agriculture is included in this agreement. In such a situation, when no official details have been made public by the Government of India, on what basis is Mr. Jakhar assuring farmers?

Referring to the three farm laws, Pannu reminded Jakhar that when the central government had introduced the three farm laws, the Badal family, who were allies of the BJP at that time, supported those farm laws. But when they had to face public opposition, they took a U-turn.

Taking a dig at Jakhar, the AAP leader said that now make sure you do not take a U-turn as well. If you have complete information about this deal, then make it public so that people can know the truth.

Chandigarh Deserves Better Rail Connectivity: MP Manish Tewari in Parliament

New Delhi/Chandigarh, February 11, 2026 (Yes Punjab News)

Chandigarh MP Manish Tewari has vociferously raised one of the most crucial and pressing concerns in the Lok Sabha – the re-development and strengthening of rail connectivity for Chandigarh, the City Beautiful.

Prior to the commencement of LS proceedings, Tewari had met Union Railway Minister Ashwani Vaishnav, urging him to examine the cost and time overruns in the re development of Chandigarh Railway Station and to enhance rail services by increasing train frequency, introducing additional stoppages and adding new trains from Chandigarh.

However, with no tangible outcome from his request, Tewari formally took up the matter in the Lok Sabha through Question No. 2021.

In his query, Tewari asked the Minister whether the Government is cognizant of the multiple representations he has submitted regarding improved train connectivity, including requests for superfast train stoppages at Chandigarh and Mohali on the Katra and Amritsar routes as well as enhanced connectivity to Rajasthan and if so, what the details are.

Tewari also sought details on whether any action has been initiated on these representations, including examining the feasibility of providing stoppages for Vande Bharat, Shatabdi, Sampark Kranti, Rajdhani and other superfast trains at Chandigarh and Mohali, emphasizing that a large number of students, professionals, lawyers and devotees rely on these routes.

Underscoring the need for direct connectivity to Khatushyam, Ajmer, Pushkar, Bikaner and other destinations, Tewari further asked what steps the Government has taken to provide direct connectivity to these stations.

Questioning whether the government proposes to address the public demand for the daily operation of Train No. 22451/22452 (Chandigarh–Bandra), Tewari said, “If anything concrete has been done in this regard, the Government should provide the necessary details and if nothing has been done, the Government must explain the reasons.”

Expressing deep dismay at the Government’s reply, Tewari said that although the Government, through its concerned minister, has provided a detailed reply but its disposition is not oriented towards the progress and re-development of Chandigarh.

“It is extremely unfortunate that genuine issues which matter greatly to Chandigarh are being overlooked by the Union Government,” rued Tewari, while urging both the Union Government and Railway Minister Ashwani Vaishnav to address all the representations and concerns he has raised for the welfare of the people without any further delay.

Punjab Minister Khuddian Hands Over Appointment Letters to 13 Agriculture Sub-Inspectors

Chandigarh, February 11, 2026 (Yes Punjab News)

In a significant move to further strengthen the state’s agricultural infrastructure and grassroots extension services, Punjab Agriculture and Farmers Welfare Minister Gurmeet Singh Khudian today handed over appointment letters to 13 newly appointed Agriculture Sub-Inspectors (ASIs) at his office here.

Congratulating the newly appointed ASIs, Gurmeet Singh Khudian exhorted them to serve farmers with sincerity and utmost honesty and called them a vital link between Govt’s progressive policies and Punjab’s fields. “Your conduct will directly impact agriculture prosperity. You are accepting a responsibility towards the ‘Annadata’ of our nation. Your conduct and dedication will directly impact the prosperity of our agriculture sector,” he stated.

Elaborating on the government’s sustained focus on building human resources in agriculture department, S. Khudian said that since the Chief Minister Bhagwant Singh Mann-led government assumed power, the department has recruited 133 Agriculture Sub-Inspectors (ASIs) and 200 Agriculture Development Officers (ADOs). These recruitments are injecting fresh energy and enhancing our capacity to serve farmers effectively.”

He said that CM Mann led Punjab Government has provided 63,943 government jobs to youth in various government departments. This bulk recruitment filled long-standing vacancies, besides, ensuring efficient and transparent services to people of Punjab.

Secretary Agriculture & Farmers Welfare Arshdeep Thind, Director Agriculture Gurjit Singh Brar and other senior officials of the department were also present on the occasion.

Repair and Upgradation of About 40,103km Link Roads Across Punjab in Progress: Khuddian

SAS Nagar, February 11, 2026 (Yes Punjab News)

Punjab Agriculture and Animal Husbandry Minister Gurmeet Singh Khuddian said that, in line with its commitment to the people of Punjab, the Bhagwant Singh Mann Government has been upgrading and renovating about 40103 km of link roads across the state, with work progressing at a fast pace to provide better connectivity and infrastructure.

Laying the foundation stone of the Durali-Manauli and Dairri-Chaomajra link road at Durali village near Mohali, in the presence of MLA Mohali Kulwant Singh, the Minister said that out of the total 40103 km, the Punjab Mandi Board has undertaken the repair and upgradation of 22,074 km of roads across the state, which will be completed soon while rest of the roads are being done by the PWD.

He informed that the 3.66-km-long road will be upgraded at a cost of Rs 188.15 lakh and will also serve as a new link to the Sector-82 PR-7 road. The road will be widened from the existing 10 feet to 18 feet.

The Minister said that the aspirations of the people of Punjab, envisioned before the formation of the Bhagwant Singh Mann Government, are being realised through people-centric policies and development initiatives. He added that the recently launched Mukh Mantri Sehat Yojana will provide cashless treatment coverage up to Rs 10 lakh in empanelled government and private hospitals across Punjab.

He further stated that free electricity up to 600 units every two months has provided major relief to residents, with about 86 percent of consumers receiving zero electricity bills. Similarly, nearly 64,000 government jobs have been provided on merit to deserving candidates in the state.

Highlighting reforms in the education and health sectors, he said these initiatives have reduced the financial burden of high school fees, treatment costs and laboratory test charges on residents. He reiterated that the state government is continuously working for the welfare and progress of Punjab and its people, and expressed confidence that Punjab will soon emerge as a leading state in the country.

The Minister also assured villagers that their local demands raised during the event would be duly considered and addressed.

MLA S. Kulwant Singh expressed gratitude to Minister Gurmeet Singh Khuddian for approving the repair of 60 link roads in the Mohali Assembly segment. He said the newly initiated road project would serve as an alternative route to the Mohali-Chandigarh road. He also appreciated the provision of a five-year maintenance guarantee after completion of the project.

The MLA assured residents of holistic development on the pattern of sector-level infrastructure and promised the establishment of a community centre for social gatherings, besides addressing irrigation water requirements in the area.

Apart from officials of the Punjab Mandi Board, those present included Sarpanch Malkit Singh (Durali), Surinder Singh (PA to Gurmeet Singh Khuddian), Avtar Singh Mauli, Karamjit Singh Chilla, Sarpanch Kulvir Singh (Manauli), Dalip Singh Master, Sarpanch Randhir Singh (Chao Majra), Kuldeep Singh Samana, Tarlochan Singh, Gobinder Mittal (Chairman, Market Committee), Akbinder Singh Gosal (Chairman, Trade Wing, Mohali Constituency), Harvinder Singh Rinku (Sarpanch, Raipur Khurd), Gurjant Singh (Sarpanch, Gudana), Balkar Singh (Sarpanch, Sukhgarh), Gurdes Singh (Sarpanch, Saneta), Nirmail Singh (Saneta), Dr. Kuldeep Singh, Lali (Durali) and Jaspal Singh (Matour).

Punjab: Rs.3,806-Cr Released Under Old Age Pension Scheme in 2025-26: Dr. Baljit Kaur

Chandigarh, Feb 11, 2026 (Yes Punjab News)

Punjab Social Security, Women and Child Development Minister Dr. Baljit Kaur on Wednesday said that under the dynamic leadership of Chief Minister Bhagwant Singh Mann, the Punjab Government regards senior citizens not merely as an important section of society, but as its living heritage and pride.

She said the government has translated the vision of “Our Elders, Our Pride” into concrete action by releasing over ₹3,806 crore under the Old Age Pension Scheme during the financial year 2025–26, up to January 2026.

The Minister further stated, “More than 23.62 lakh eligible elderly beneficiaries across Punjab are receiving regular financial assistance under the Old Age Pension Scheme. Every eligible senior citizen is being provided a monthly pension of ₹1,500, enabling them to lead their daily lives with dignity, security and independence.”

Highlighting the government’s commitment to seamless delivery, Minister Dr. Baljit Kaur said, “To ensure timely and transparent disbursement of pension to all beneficiaries, the Punjab Government has made a budgetary provision of ₹4,100 crore, ensuring that no eligible senior citizen faces inconvenience in receiving their rightful support.”

The Cabinet Minister also issued strict directions to departmental officers and said, “Pension payments must reach every eligible beneficiary on time and without any hindrance. Any delay, negligence or lapse in the distribution of pension will not be tolerated, and strict action will be taken against the responsible officials in accordance with rules.”

Underlining the broader vision of the government, Minister Dr. Baljit Kaur added, “Senior citizens are the custodians of Punjab’s social heritage, wisdom and values. Their safety, dignity and happiness are essential to realizing the dream of a ‘Rangla Punjab.’

The government is firmly resolved to ensure that every elderly citizen spends their later years free from worry, with dignity and strong government support, so that Punjab continues to remain prosperous, secure and vibrant.”

Punjab FC announce a balanced squad for ISL 2025-26 season

Chandigarh, Feb 11, 2026
Punjab FC have announced its 27-member squad for the upcoming Indian Super League (ISL) 2025-26, their third season in India’s top-flight football league.

The Shers will start their ISL campaign against Jamshedpur FC on February 21 in Jamshedpur and will play their first home game on March 9 against the NorthEast United FC at the Jawaharlal Nehru Stadium in New Delhi. Blending a strong domestic core with carefully selected reinforcements, the Shers head into their third ISL campaign with a squad built to compete while staying true to their commitment to player development.

Head coach, Panagiotis Dilmperis, in his second season with the club, has picked a squad which has a balance of youth and experience. He has maintained the core from the last season and the team which played in the Durand Cup and AIFF Super Cup. Dani Ramirez, Samir Zeljkovic, Nsungusi Jnr Effiong, Bede Amarachi Osuji, and Pablo Renan Dos Santos are the foreign signings of the squad.

The squad also comprises seven players from the academy, highlighting the importance of the youth structure within the club. Muhammad Suhail F, Pramveer Singh, Manglengthang Kipgen, Vishal Yadav, and Singamayum Shami, who have already made their senior team debuts, will be joined by Ayush Deshwal and Thoungamba Singh Usham this season.

The head coach will be supported by assistant coach Konstantinos Katsaras and Indian assistant coach Sankarlal Chakraborty, along with Papaioannou Ioannis as the strength and conditioning coach and Vinay Singh as the goalkeeping coach.

The goalkeeping department sees the arrival of Arshdeep Singh, whose presence adds assurance and leadership at the back. He is joined by Muheet Shabir and Ayush Deshwal, giving Punjab FC a well-rounded unit equipped to handle the demands of a long and competitive season.

Defensively, the Shers boast a robust and versatile lineup. Bijoy Varghese, Muhammed Uvais, Pramveer Singh, Nongmaikapam Suresh Meitei and Khaiminthang Lhungdim bring physicality and composure, while Pablo Renan Dos Santos adds experience to the backline. Young defenders such as Likmabam Rakesh Meitei, Leon Augustine, and Thoungamba Singh Usham further strengthen the defensive structure.

In midfield, Punjab FC possess a dynamic blend of creativity, control, and energy. Dani Ramirez is expected to play a pivotal role in orchestrating attacking moves, with Samir Zeljkovic and Vinit Rai offering stability and balance in central areas. Princeton Rebello’s attacking instincts complement the work rate of Ricky Shabong, Manglenthang Kipgen, Nikhil Prabhu, and Singamayum Shami.

The forward line carries both variety and attacking promise. Nsungusi Effiong and Bede Osuji provide strength and finishing ability in the final third, while emerging talents such as Ninthoi, Suhail, and Bikash Singh add pace, movement, and unpredictability. Vishal Yadav and Ranjeet Singh Pandre round off a unit capable of stretching opposition defences and creating scoring opportunities.

Punjab FC Squad for ISL 2025-26:

Goalkeepers: Arshdeep Singh, Muheet Shabir, Ayush Deshwal

Defenders: Bijoy Varghese, Muhammed Uvais Moyikkal, Pramveer Singh, Khaiminthang Lhungdim, Pablo Renan Dos Santos, Likmabam Rakesh Meitei, Nongmaikapam Suresh Meitei, Leon Augustine, Thoungamba Singh Usham

Midfielders: Dani Ramirez, Samir Zeljkovic, Vinit Rai, Princeton Rebello, Ricky John Shabong, Manglenthang Kipgen, Naravi Nikhil Jayantha Prabhu, Singamayum Shami

Forwards: Nsungusi Jnr Effiong, Bede Amarachi Osuji, Ninthoinganba Meetei Khumanthem, Muhammad Suhail F, Bikash Singh Sagolsem, Vishal Yadav, Ranjeet Singh Pandre

Coaching and Support Staff:

Head Coach: Panagiotis Dilmperis

Assistant Coach: Konstantinos Katsaras

Indian Assistant Coach: Sankarlal Chakraborty

Strength & Conditioning Coach: Papaioannou Ioannis

Goalkeeping Coach: Vinay Singh

Team Doctor: Dr. Sidak Dhillon

Physiotherapist: Disharth Jain

Team Manager: Kaustuv Kashyap

Team Masseur: Gonesh Dalui.(Agency)

RBI compounds FEMA violations in Deccan Digital Networks case: ED

New Delhi, Feb 11, 2026
The Reserve Bank of India (RBI) has issued a compounding order of the Foreign Exchange Management Act (FEMA) violations in the case of Deccan Digital Networks Pvt Ltd, according to a statement issued by the Enforcement Directorate (ED) on Wednesday.

The compounding order was passed by the Reserve Bank on January 14 under Section 15 of the Foreign Exchange Management Act, 1999 (FEMA), “in the case of Deccan Digital Networks Private Limited, which has resulted in termination of proceedings against the company for alleged contraventions of provisions of FEMA, 1999”, the ED statement said.

The agency statement further added that the said order has been passed by the RBI after issuance of ‘No Objection’ by the ED.

In this case, based on the credible information received, an investigation was taken up by the ED under the provisions of FEMA.

After completion of the investigation, ED filed a complaint under Section 16 of FEMA before the Adjudicating Authority on December 27, 2012, against Deccan Digital Networks, pointing out several contraventions under FEMA, 1999, for which compounding has been passed by the RBI.

These contraventions are late reporting of “foreign inward payments under Para 9(1) (A) of Schedule 1 to FEMA 20/2000-RB, covering Rs 11,82,84,399 and late filing of Form FCGPR after issuing shares under Para 9(1) (B) of the same Schedule 1 to FEMA 20/2000-RB, covering Rs 11,82,84,400”.

As per the provisions of FEMA, the adjudication proceedings were initiated by the Adjudicating Authority by issuance of a Show Cause Notice under Section 16 of FEMA to the company and its Directors/officers who were in charge and responsible for the conduct of the business of the company during the relevant period of contravention.

The ED statement said that the company, later on, filed an application before the RBI for compounding of the said contraventions under FEMA as per the provisions of Section 15 of the Act. On reference from the RBI, the ED issued no objection for such compounding in line with the true spirit of the Act.

Accordingly, the RBI, on the basis of no objection issued by ED, has compounded the said contraventions vide compounding order with a one-time payment of Rs 1,03,333.

“This has resulted in termination of adjudication proceedings under the provisions of FEMA, 1999, against the company for the said contraventions as well as further litigation,” said the ED statement.(Agency)

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