Corporate Affairs Ministry on Thursday said it had received a complaint against RCom for dealings in connection with Singapore-based Gateway Net Trading but did not find any violation of the provisions of the Companies Act.

As regards other allegations concerning violation of the provisions of the Foreign Exchange Management Act (FEMA) and non-payment of telecom licence fee, the MCA has referred that matter to RBI, enforcement Directorate and DoT, Minister of State for Corporate Affairs R P N Singh told the Lok Sabha in a written reply.

"The Registrar of Companies examined the allegations and it was found that none of the issues related of violation of Companies Act, 1956.

"However, the matters relating to External Commercial Borrowings and Foreign Exchange Management Act, were referred to the Enforcement Directorate and RBI, respectively, while the issue of non-payment of licence fee was referred to the Department of Telecommunications (DoT)," the Minister said.

He said the complaint alleges that RCom had circumvented the provisions of FEMA Regulations by "desubsdiarising" Gateway Net Trading Pte Ltd as on March 31,2008, by reducing its own holding by 91 per cent.

"Subsequently, the shares of the said company were acquired through a foreign subsidiary of Reliance Communication, namely Reliance Globalcomm BV, the Netherlands on October 10, 2008, this made Gateway Net Trading Pte, Singapore, a 100 per cent subsidiary of Reliance Communication," Singh said.

He added that it was further alleged that the company had purchased an Yacht from Italy-based Ferry Custom Line for Euro 11,640,769.29, the payment for which was made by Gateway.