Compounding proceedings definitions set key terms for applications, authorised officers and compounding orders under the Act.

Defines terms for compounding proceedings under the Foreign Exchange Management Act: Act is the Foreign Exchange Management Act, 1999; authorised officer means officers authorised under the rules; applicant is a person applying under the specified sub rules to the compounding authority; compounding order is an order to compound a contravention under section 15(1); prescribed Form is the annexed form; undefined terms take their meanings from the Act.

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