Here is the link,friends.
http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/Rajasthan-Royals-Kings-XI-Punjab-out-of-IPL-4-Kochi-spared/articleshow/6723327.cms
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Apart from non-compliance with the Companies Act, the government has has also found alleged FEMA violations by the teams as well as discrepancies in their financial structure.We have to wait and watch!!! :) :)
