Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
The Central Government amends the compounding schedule under the Foreign Contribution (Regulation) Act by revising the officer competent to compound specified offences and by substituting updated compounding amounts for contraventions involving excess administrative expenditure, speculative activity, use for purposes other than those for which foreign contribution was received, acceptance or utilisation in contravention of registration requirements, and utilisation in an unregistered purpose or State or Union territory. The amended schedule assigns compounding to the Director or Deputy Secretary in charge of the Act's administration and sets the prescribed monetary formulae for each listed offence. The notification does not apply to cases disposed of before its publication and such cases cannot be reopened.
The Central Government amends the compounding schedule under the Foreign Contribution (Regulation) Act by revising the officer competent to compound specified offences and by substituting updated compounding amounts for contraventions involving excess administrative expenditure, speculative activity, use for purposes other than those for which foreign contribution was received, acceptance or utilisation in contravention of registration requirements, and utilisation in an unregistered purpose or State or Union territory. The amended schedule assigns compounding to the Director or Deputy Secretary in charge of the Act's administration and sets the prescribed monetary formulae for each listed offence. The notification does not apply to cases disposed of before its publication and such cases cannot be reopened.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
