TaxTMI Login
🎉 Festive Offer: Flat 12% off sitewide! →✨ Enterprise Access - Extra Savings! Contact: 9911796707 →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Can Revoke FEMA Authorization for Non-Compliance, Public Interest; Penalties Up to Rs. 10,000 Plus Daily Fines</h1> Under the Foreign Exchange Management Act (FEMA), the Reserve Bank of India (RBI) has the authority to revoke an authorization granted to any person, if it is deemed in the public interest or if the person fails to comply with the conditions of the authorization or violates any provisions of the Act. Revocation can occur only after the person has had an opportunity to make a representation. Additionally, the RBI can issue directions and require information from authorized persons, imposing penalties for non-compliance, including a fine of up to Rs. 10,000 and Rs. 2,000 per day for ongoing contraventions.
TaxTMI 
