RBI orders BPTP, directors to pay Rs 4.84 crore to settle FEMA violations: ED
New Delhi, Oct. 1 -- The Reserve Bank of India (RBI) has ordered real estate developer BPTP Limited and two of its directors to pay a total of about Rs 4.84 crore to compound violations of foreign exchange rules linked to foreign investment received by the company, the Enforcement Directorate (ED) said in a post on Thursday.
The compounding orders were issued by RBI on September 17, 2026, under Section 15(1) of the Foreign Exchange Management Act (FEMA), 1999, after the ED issued a "No Objection" for compounding the contraventions, according to the agency.
The case relates to foreign direct investment received by BPTP Limited, formerly known as Business Park Town Planners Private Limited, in 2007 and 2008.
According to the ED, the comp...
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