PTI, NEW DELHI: The Enforcement Directorate (ED) is set to issue fresh notices to more than 45 Indian entities named in the Panama Papers list on charges of possible forex law violations, official sources today said. 

   The agency, they said, is investigating about 46 "actionable" cases of Indians on this global leaks list for possible violations under the Foreign Exchange Management Act (FEMA).

The central probe agency will soon issue notices to about three dozen entities soon, they said. The agency, one of the members of the multi-agency group (MAG) of investigative agencies on Panama Papers, will also submit a report of this action to this panel that will subsequently forward a consolidated report for review to the Prime Ministers Office (PMO).

The ED has already initiated the action of "seizing of assets" under the FEMA law in few such cases. "Out of the 46 actionable cases given to the ED, only a few are of the nature of serious violations.

"A coordinated action plan is being undertaken by the agencies on-board the MAG and the ED action is one among them," a senior Finance Ministry official said.