Compounding of contraventions under FEMA: RBI issues compliance certificate after realization of the compounded sum. Upon realization of the sum for which the contravention is compounded, the Reserve Bank issues a certificate indicating that the applicant has complied ... Summary
Compounding of contraventions under FEMA: RBI issues compliance certificate after realization of the compounded sum.
Upon realization of the sum for which the contravention is compounded, the Reserve Bank issues a certificate indicating that the applicant has complied with the order passed by the Compounding Authority, thereby formally recognizing satisfaction of the compounding order.
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