Compounding Proceedings Definitions establish core terms for applications, authorised officers and orders under foreign exchange contravention compounding procedures.

Rule 2 defines the Act, authorised officer, applicant, compounding order, prescribed Form and section for compounding proceedings under the Foreign Exchange Management Act, 1999. An applicant is a person making the prescribed application to the compounding authority, and a compounding order concerns compounding of a contravention under the Act. Undefined expressions carry the meanings assigned under the Act.

---

---

---