Compounding of contraventions under FEMA: fresh applications not linked to prior orders; additional payment details required for reconciliation. The amendment removes the provision linking the compounding amount payable in a subsequent application to any earlier compounding order, treating such filings as a fresh application with an independently determined compounding amount. Additionally, applicants paying electronically must provide mobile contact details, the Reserve Bank office that received payment, and the mode of application submission to aid reconciliation and expedite processing.
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 contraventions under FEMA: fresh applications not linked to prior orders; additional payment details required for reconciliation.
The amendment removes the provision linking the compounding amount payable in a subsequent application to any earlier compounding order, treating such filings as a fresh application with an independently determined compounding amount. Additionally, applicants paying electronically must provide mobile contact details, the Reserve Bank office that received payment, and the mode of application submission to aid reconciliation and expedite processing.
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