Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
RBI amended FEMA compounding guidelines, modifying key procedural aspects for contravention applications. The amendment eliminates linking of compounding amounts to prior orders, ensuring each application is treated independently. Additional mandatory details now required include applicant's mobile number, specific RBI office receiving payment, and application submission mode. These modifications aim to streamline processing, enhance reconciliation accuracy, and reduce administrative delays in handling contraventions. The changes apply to all Authorized Dealer Category-I banks, mandating comprehensive disclosure and precise payment tracking for FEMA-related compounding procedures.
RBI amended FEMA compounding guidelines, modifying key procedural aspects for contravention applications. The amendment eliminates linking of compounding amounts to prior orders, ensuring each application is treated independently. Additional mandatory details now required include applicant's mobile number, specific RBI office receiving payment, and application submission mode. These modifications aim to streamline processing, enhance reconciliation accuracy, and reduce administrative delays in handling contraventions. The changes apply to all Authorized Dealer Category-I banks, mandating comprehensive disclosure and precise payment tracking for FEMA-related compounding procedures.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
