RBI Penalizes Thomas Cook India ₹1.79 Lakh for FEMA Violation
Thomas Cook (India) Limited has received an order from the Reserve Bank of India (RBI) dated December 17, 2025, imposing a penalty of ₹1,79,000. The penalty was levied under Section 11(3) of the Forei...
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Why is Thomas Cook (India) Limited in the news today?
Thomas Cook (India) Limited (THOMASCOOK) is in the news due to the company has been penalized by a regulatory authority, which is a negative development.
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RBI Penalizes Thomas Cook India ₹1.79 Lakh for FEMA Violation
December 18, 2025, 06:05 AM
Thomas Cook (India) Limited has received an order from the Reserve Bank of India (RBI) dated December 17, 2025, imposing a penalty of ₹1,79,000. The penalty was levied under Section 11(3) of the Foreign Exchange Management Act, 1999, for contravention of condition (iv) of Paragraph 5 of Section V of the Master Direction on Money Changing Activities.
The company received this order after business hours on December 17, 2025. Thomas Cook (India) Limited has stated that there is no material financial or operational impact on the entity as a result of this order. The company has already undertaken corrective actions to address the issue.
This intimation is made in accordance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The details of the order are attached as Annexure A and are also uploaded on the company's website.
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