PROVISION REGARDING COMPOUNDING IN RESPECT OF PROJECT OFFICE

[MEENAKSHI GOYAL]

Hello,

Can anybody tell me the provision regarding compounding in respect of Project office/Branch office/Liasion office under FEMA?

AI Summary

Section 15 FEMA: Compounding Offences for Branch, Liaison Offices Explained; Upgrade and Project Work Queries Addressed A user inquired about the provisions for compounding related to Project, Branch, or Liaison offices under FEMA. An expert explained that Section 15 of the FEMA Act allows for the compounding of offences within 180 days of application receipt by the Director of Enforcement. The user, seeking to upgrade a Liaison office to a Branch office in India for an NPO based in Sri Lanka, asked if project work could be conducted from the Branch office or if separate approval was needed. Another participant referred to an RBI notification for further guidance, and the user requested case study references.