Tag: Compounding of Contraventions under FEMA
RBI caps maximum compounding amount at Rs. 2,00,000/- for compounding of certain contraventions under FEMA, 1999 in exceptional circumstances/ facts involved. RBI Master Directions on compounding of contraventions under FEMA, 1999, dated April 22, 2025 provides that as per provisions under section 13 of FEMA,1999, the penalty amount can be …
Foreign Exchange (Compounding Proceedings) Rules, 2024 notified. Monetary limit enhanced for jurisdiction of officials of RBI/ED Ministry of Finance has notified the Foreign Exchange (Compounding Proceedings) Rules, 2024. The said rules replaces 2000 Rules and have become effective from 12.09.2024 As per the 2024 rules, Director of Enforcement …
Compounding of Contraventions under FEMA. Delegation of powers to RBI Regional Offices Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999 In terms of the Master Direction on “Compounding of Contraventions under FEMA, 1999” the powers to compound certain contraventions of have been delegated to …
FEMA Compounding orders to be hosted on RBI website for orders passed on or after 01/06/2016. Guidance note on compounding fee imposed to be also hosted for general public. Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) – Compounding of Contraventions under …
Master Direction-Compounding Contraventions under FEMA-1999-RBI. Power, Delegation, Authorisation, Application and Pre-requisite. Reserve Bank of India RBI/FED/2015-16/1FED Master Direction No.4/2015-16 January 1, 2016 To,All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction- Compounding of Contraventions under FEMA, 1999 The provisions of section 15 …
