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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