Myntra Secures Relief from ED Probe via RBI Compounding Order
FEMA Investigation Closed: Myntra Resolves ED Dispute with RBI Compounding Order
Jun 5, 2026, 11:04 IST
Delhi News Info Desk: Leading e-commerce fashion destination Myntra Designs Private Limited has secured a major regulatory victory.
The Reserve Bank of India (RBI), following an official "No Objection" clearance from the Enforcement Directorate (ED), issued a compounding order under Section 15 of FEMA.
This regulatory resolution successfully terminates a long-standing probe into alleged cross-border foreign exchange compliance issues.
The Nature of the Technical Violations and Penalty Metrics
The corporate investigation originally focused on overseas investment procedural gaps.
Specifically, it involved delays in submitting mandatory Annual Performance Reports (APRs) covering capital transactions worth ₹42.85 crore, alongside certain Overseas Direct Investments (ODI) made while paperwork was still pending.
Recognizing that these were administrative delays rather than intentional financial fraud, the RBI closed the case after Myntra paid a token one-time compounding penalty of ₹2.88 lakh.