Compounding authority designated under compounding proceedings: Director of Enforcement or specified senior officers may compound FEMA violations. Compounding authority under the Foreign Exchange (Compounding Proceedings) Rules, 2024 is vested in the Director of Enforcement or authorised senior ... Summary
Compounding authority designated under compounding proceedings: Director of Enforcement or specified senior officers may compound FEMA violations.
Compounding authority under the Foreign Exchange (Compounding Proceedings) Rules, 2024 is vested in the Director of Enforcement or authorised senior officers: enforcement directorate officers not below Deputy Director or Deputy Legal Adviser, and central bank officers not below Assistant General Manager, as authorised by the Central Government to carry out compounding functions for FEMA-related proceedings.
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