SIT directs Enforcement Directorate to take necessary action under FEMA with respect to 216 Companies with respect to the period before 1st March, 2016 and 572 Companies for the period after 1st March, 2016 for which each such Company had export proceeds pending for realisation for more than …
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 …
