Compounding of FEMA contraventions enables voluntary settlement subject to assessment, hearing, and payment obligations. Compounding under FEMA, 1999 is a voluntary settlement process administered primarily by the Reserve Bank, with the Directorate of Enforcement handling a limited excluded category; applicants must file a prescribed form with supporting documents and fee, the Compounding Authority will assess compoundability and quantify the sum considering gain, loss, economic benefit, repetition and disclosure, hold hearings, and conclude proceedings within the statutory timeframe; payment of the compounded sum by demand draft is required within the specified period and failure to pay invalidates the application, while serious cases may be referred to investigative agencies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compounding of FEMA contraventions enables voluntary settlement subject to assessment, hearing, and payment obligations.
Compounding under FEMA, 1999 is a voluntary settlement process administered primarily by the Reserve Bank, with the Directorate of Enforcement handling a limited excluded category; applicants must file a prescribed form with supporting documents and fee, the Compounding Authority will assess compoundability and quantify the sum considering gain, loss, economic benefit, repetition and disclosure, hold hearings, and conclude proceedings within the statutory timeframe; payment of the compounded sum by demand draft is required within the specified period and failure to pay invalidates the application, while serious cases may be referred to investigative agencies.
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