ALSO READCG-VAK Software & Exports standalone net profit rises 86.67% in the June 2017 quarter Board of CG-VAK Software & Exports recommends final dividend CG-VAK Software & Exports to hold AGM CG-VAK Software & Exports schedules board meeting ED issues FEMA notice to Kashmiri separatist Yasin Malik
Receives order of the Enforcement Directorate on 07 December 2017CG-VAK Software & Exports announced that the Enforcement Directorate has issued an order dated 04 December 2017 (received by the Company on 07 December 2017) under FEMA imposing a penalty of Rs. 14,00,000/- on the Company and Rs. 50,000/- on the Managing Director & CEO of the Company. The offence alleged in, are of technical nature and procedural delays in the matter of submitting certain information. Both Company and MD have decided to pay the penalty.
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