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        FEMA

        The RBI issued Master Directions on Compounding of...

        RBI Unveils Comprehensive Guidelines for FEMA Contravention Compounding, Offering Structured Resolution Pathway for Financial Entities

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                          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.
                                The RBI issued Master Directions on Compounding of Contraventions under FEMA, 1999, effective April 24, 2025. Key highlights include: Compounding Process: Entities can apply to compound FEMA contraventions within 180 days, with a fixed application fee of INR 10,000. The RBI will assess contraventions based on factors like undue gains, economic benefits, and compliance history. Compounding is not allowed for serious contraventions involving money laundering, terror financing, or sovereignty concerns. The compounding amount is calculated using a structured matrix considering the type of contravention, amount involved, and duration of non-compliance, with a maximum cap of 300% of the contravention amount. Applicants must complete administrative actions and provide necessary documentation. The compounding order will specify the contravened provisions, and payment must be made within 15 days of the order.
                                Note: It is a system-generated summary and is for quick reference only.
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