Compounding applications under FEMA require a specific form, Rs.5,000 fee, ECS mandate, PAN, and annexures by contravention type. Compounding applications under the foreign exchange framework require a duplicate Form (Rule 4 or 5) with certified Memorandum, payment of Rs.5,000 by demand draft to the Reserve Bank of India, a signed ECS mandate and bank particulars, PAN copy and cancelled cheque. Applicants must complete annexures specific to the contravention type (FDI, ECB, ODI, LO/BO) with supporting documents quantifying contravention amounts in foreign currency and Indian rupees, and submit an undertaking regarding any enforcement investigations.
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 applications under FEMA require a specific form, Rs.5,000 fee, ECS mandate, PAN, and annexures by contravention type.
Compounding applications under the foreign exchange framework require a duplicate Form (Rule 4 or 5) with certified Memorandum, payment of Rs.5,000 by demand draft to the Reserve Bank of India, a signed ECS mandate and bank particulars, PAN copy and cancelled cheque. Applicants must complete annexures specific to the contravention type (FDI, ECB, ODI, LO/BO) with supporting documents quantifying contravention amounts in foreign currency and Indian rupees, and submit an undertaking regarding any enforcement investigations.
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