Sources said the notice was issued after completion of investigation and the charges include violation of the foreign direct investment (FDI) rules and those that regulate multi-brand retail.
The New York-based Interups came forward to take the 49 per cent stake in Hyderabad-headquartered Turbo Megha Airways Pvt Ltd, which owns and operates under the name Trujet.
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra also said that they are working to further reduce compliance burden for industry.